OLD Mutual Customised Solutions Proprietary Ltd. boosted its holdings in Northern Trust Co. (NASDAQ:NTRS) by 39.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,365 shares of the asset manager’s stock after purchasing an additional 4,100 shares during the quarter. OLD Mutual Customised Solutions Proprietary Ltd.’s holdings in Northern Trust were worth $1,435,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of the business. HighPoint Advisor Group LLC boosted its stake in Northern Trust by 54.5% in the 4th quarter. HighPoint Advisor Group LLC now owns 10,048 shares of the asset manager’s stock worth $998,000 after purchasing an additional 3,546 shares during the period. Lake Street Advisors Group LLC bought a new position in Northern Trust in the 4th quarter worth approximately $520,000. MetLife Investment Advisors LLC bought a new position in Northern Trust in the 4th quarter worth approximately $6,638,000. Gotham Asset Management LLC bought a new position in Northern Trust in the 4th quarter worth approximately $615,000. Finally, Glenmede Trust Co. NA boosted its stake in Northern Trust by 0.6% in the 4th quarter. Glenmede Trust Co. NA now owns 394,485 shares of the asset manager’s stock worth $39,404,000 after purchasing an additional 2,362 shares during the period. Institutional investors and hedge funds own 79.74% of the company’s stock.
Shares of Northern Trust Co. (NASDAQ NTRS) opened at $102.51 on Friday. The stock has a market capitalization of $24,125.97, a price-to-earnings ratio of 20.84, a P/E/G ratio of 1.40 and a beta of 0.95. Northern Trust Co. has a 52-week low of $83.17 and a 52-week high of $110.81. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.71 and a quick ratio of 0.71.
The business also recently declared a quarterly dividend, which will be paid on Sunday, April 1st. Investors of record on Friday, March 9th will be given a $0.42 dividend. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $1.68 dividend on an annualized basis and a yield of 1.64%. Northern Trust’s dividend payout ratio is presently 34.15%.
In other Northern Trust news, COO Jana R. Schreuder sold 4,807 shares of the stock in a transaction on Friday, March 9th. The stock was sold at an average price of $110.00, for a total value of $528,770.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Aileen B. Blake sold 3,000 shares of the stock in a transaction on Friday, January 26th. The stock was sold at an average price of $105.32, for a total value of $315,960.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 189,457 shares of company stock valued at $20,188,250. 1.04% of the stock is owned by corporate insiders.
A number of research firms have recently commented on NTRS. Bank of America increased their target price on Northern Trust from $112.00 to $116.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. Vining Sparks reiterated a “buy” rating and set a $118.00 target price on shares of Northern Trust in a research report on Wednesday, January 24th. Zacks Investment Research upgraded Northern Trust from a “hold” rating to a “buy” rating and set a $110.00 target price for the company in a research report on Tuesday, December 19th. BidaskClub upgraded Northern Trust from a “hold” rating to a “buy” rating in a research report on Saturday, January 13th. Finally, Barclays increased their target price on Northern Trust from $102.00 to $114.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 2nd. One analyst has rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the company’s stock. Northern Trust presently has a consensus rating of “Hold” and an average target price of $104.81.
ILLEGAL ACTIVITY WARNING: This piece was reported by Ticker Report and is owned by of Ticker Report. If you are viewing this piece on another website, it was illegally stolen and republished in violation of United States and international trademark & copyright laws. The legal version of this piece can be viewed at https://www.tickerreport.com/banking-finance/3293701/northern-trust-co-ntrs-holdings-lifted-by-old-mutual-customised-solutions-proprietary-ltd.html.
Northern Trust Company Profile
Northern Trust Corporation is a financial holding company. The Company provides asset servicing, fund administration, asset management, fiduciary and banking solutions for corporations, institutions, families and individuals across the world. Its segments include Corporate & Institutional Services (C&IS), Wealth Management, and Treasury and Other.
Receive News & Ratings for Northern Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northern Trust and related companies with MarketBeat.com's FREE daily email newsletter.