Venturi Wealth Management LLC Acquires 1,456 Shares of Northern Trust Co. (NASDAQ:NTRS)

Venturi Wealth Management LLC lifted its holdings in Northern Trust Co. (NASDAQ:NTRS) by 434.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,791 shares of the asset manager’s stock after acquiring an additional 1,456 shares during the period. Venturi Wealth Management LLC’s holdings in Northern Trust were worth $184,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. FMR LLC boosted its stake in shares of Northern Trust by 9.3% in the third quarter. FMR LLC now owns 18,187,663 shares of the asset manager’s stock worth $1,637,435,000 after acquiring an additional 1,542,685 shares during the period. Primecap Management Co. CA boosted its stake in Northern Trust by 0.5% during the third quarter. Primecap Management Co. CA now owns 7,085,117 shares of the asset manager’s stock valued at $637,873,000 after buying an additional 38,360 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Northern Trust by 9.9% during the third quarter. JPMorgan Chase & Co. now owns 4,296,442 shares of the asset manager’s stock valued at $386,809,000 after buying an additional 388,692 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Northern Trust by 1.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,577,091 shares of the asset manager’s stock valued at $141,986,000 after buying an additional 16,500 shares during the last quarter. Finally, KBC Group NV boosted its stake in Northern Trust by 201.6% during the fourth quarter. KBC Group NV now owns 963,811 shares of the asset manager’s stock valued at $98,791,000 after buying an additional 644,261 shares during the last quarter. Institutional investors own 83.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on NTRS. Truist Financial increased their price target on Northern Trust from $110.00 to $116.00 and gave the company a “hold” rating in a research note on Friday, January 24th. Keefe, Bruyette & Woods increased their price target on Northern Trust from $113.00 to $122.00 and gave the company a “market perform” rating in a research note on Friday, January 24th. Morgan Stanley dropped their price target on Northern Trust from $127.00 to $125.00 and set an “equal weight” rating for the company in a research note on Friday, January 3rd. Wells Fargo & Company increased their price target on Northern Trust from $108.00 to $110.00 and gave the company an “equal weight” rating in a research note on Friday, November 15th. Finally, The Goldman Sachs Group increased their price target on Northern Trust from $92.00 to $102.00 and gave the company a “sell” rating in a research note on Friday, January 24th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $112.58.

Insider Transactions at Northern Trust

In other Northern Trust news, EVP Jane Karpinski sold 2,262 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $111.33, for a total transaction of $251,828.46. Following the transaction, the executive vice president now directly owns 17,236 shares in the company, valued at $1,918,883.88. This trade represents a 11.60 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider John Landers sold 900 shares of the firm’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $111.44, for a total value of $100,296.00. Following the transaction, the insider now owns 7,640 shares in the company, valued at $851,401.60. The trade was a 10.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 44,435 shares of company stock worth $4,980,311. 0.64% of the stock is currently owned by company insiders.

Northern Trust Trading Down 0.5 %

Shares of NASDAQ NTRS opened at $112.97 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.71 and a current ratio of 0.68. The business’s 50 day moving average price is $107.09 and its 200-day moving average price is $99.85. Northern Trust Co. has a fifty-two week low of $79.30 and a fifty-two week high of $114.67. The company has a market cap of $22.39 billion, a price-to-earnings ratio of 11.55, a PEG ratio of 1.73 and a beta of 1.08.

Northern Trust (NASDAQ:NTRS) last issued its quarterly earnings results on Thursday, January 23rd. The asset manager reported $2.26 earnings per share for the quarter, topping the consensus estimate of $1.96 by $0.30. Northern Trust had a return on equity of 13.74% and a net margin of 12.77%. On average, sell-side analysts expect that Northern Trust Co. will post 8.25 earnings per share for the current year.

Northern Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be issued a $0.75 dividend. The ex-dividend date is Friday, March 14th. This represents a $3.00 annualized dividend and a dividend yield of 2.66%. Northern Trust’s payout ratio is 30.67%.

About Northern Trust

Northern Trust Corporation, a financial holding company, provides wealth management, asset servicing, asset management, and banking solutions for corporations, institutions, families, and individuals worldwide. It operates in two segments, Asset Servicing and Wealth Management. The Asset Servicing segment offers asset servicing and related services, including custody, fund administration, investment operations outsourcing, investment management, investment risk and analytical services, employee benefit services, securities lending, foreign exchange, treasury management, brokerage services, transition management services, banking, and cash management services.