Cullen Frost Bankers Inc. Has $87,000 Stock Position in Northern Trust Co. (NASDAQ:NTRS)

Cullen Frost Bankers Inc. boosted its stake in Northern Trust Co. (NASDAQ:NTRS) by 473.0% in the fourth quarter, Holdings Channel reports. The firm owned 848 shares of the asset manager’s stock after purchasing an additional 700 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Northern Trust were worth $87,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of NTRS. Ballentine Partners LLC raised its holdings in shares of Northern Trust by 4.4% during the 4th quarter. Ballentine Partners LLC now owns 2,483 shares of the asset manager’s stock worth $255,000 after buying an additional 105 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in Northern Trust by 24.7% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 22,061 shares of the asset manager’s stock valued at $2,286,000 after acquiring an additional 4,374 shares during the last quarter. JPMorgan Chase & Co. raised 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 worth $386,809,000 after acquiring an additional 388,692 shares in the last quarter. Kovitz Investment Group Partners LLC lifted its holdings in shares of Northern Trust by 68.1% in the third quarter. Kovitz Investment Group Partners LLC now owns 13,765 shares of the asset manager’s stock worth $1,239,000 after acquiring an additional 5,578 shares during the last quarter. Finally, Caprock Group LLC acquired a new stake in shares of Northern Trust in the 4th quarter valued at approximately $1,059,000. Institutional investors own 83.19% of the company’s stock.

Insider Transactions at Northern Trust

In other news, insider John Landers sold 900 shares of Northern Trust stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $111.44, for a total value of $100,296.00. Following the completion of the sale, the insider now owns 7,640 shares in the company, valued at $851,401.60. The trade was a 10.54 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jason J. Tyler sold 2,237 shares of the business’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $112.67, for a total transaction of $252,042.79. Following the transaction, the insider now owns 58,449 shares in the company, valued at $6,585,448.83. The trade was a 3.69 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 35,335 shares of company stock valued at $3,970,211. Corporate insiders own 0.64% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Truist Financial upped their price objective on shares of Northern Trust from $110.00 to $116.00 and gave the stock a “hold” rating in a research report on Friday, January 24th. Morgan Stanley dropped their price target on Northern Trust from $138.00 to $136.00 and set an “equal weight” rating for the company in a research note on Thursday. Keefe, Bruyette & Woods boosted their price objective on Northern Trust from $113.00 to $122.00 and gave the stock a “market perform” rating in a research report on Friday, January 24th. Wells Fargo & Company increased their target price on Northern Trust from $108.00 to $110.00 and gave the company an “equal weight” rating in a research report on Friday, November 15th. Finally, Barclays boosted their price target on Northern Trust from $115.00 to $118.00 and gave the stock an “equal weight” rating in a report on Monday, January 6th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $113.50.

Northern Trust Stock Performance

NASDAQ:NTRS opened at $104.32 on Monday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.71 and a current ratio of 0.68. 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 50 day simple moving average of $108.20 and a two-hundred day simple moving average of $101.91. The company has a market capitalization of $20.42 billion, a PE ratio of 10.67, a P/E/G ratio of 1.72 and a beta of 1.07.

Northern Trust (NASDAQ:NTRS) last posted its quarterly earnings data on Thursday, January 23rd. The asset manager reported $2.26 EPS for the quarter, beating analysts’ consensus estimates of $1.96 by $0.30. Northern Trust had a net margin of 12.77% and a return on equity of 13.74%. Research analysts anticipate that Northern Trust Co. will post 8.27 earnings per share for the current year.

Northern Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be given a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 2.88%. The ex-dividend date is Friday, March 14th. Northern Trust’s dividend payout ratio (DPR) is presently 30.67%.

Northern Trust Profile

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.