2,664 Shares in Northern Trust Co. (NASDAQ:NTRS) Purchased by Kathmere Capital Management LLC

Kathmere Capital Management LLC purchased a new stake in Northern Trust Co. (NASDAQ:NTRS) in the fourth quarter, Holdings Channel reports. The institutional investor purchased 2,664 shares of the asset manager’s stock, valued at approximately $273,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Northwest Investment Counselors LLC acquired a new position in shares of Northern Trust in the 3rd quarter valued at $39,000. Capital Performance Advisors LLP purchased a new position in shares of Northern Trust in the third quarter worth approximately $48,000. Friedenthal Financial purchased a new stake in shares of Northern Trust in the 4th quarter valued at approximately $57,000. Eastern Bank acquired a new position in Northern Trust in the 3rd quarter worth approximately $51,000. Finally, Versant Capital Management Inc grew its position in Northern Trust by 34.9% during the 4th quarter. Versant Capital Management Inc now owns 684 shares of the asset manager’s stock worth $70,000 after purchasing an additional 177 shares in the last quarter. 83.19% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently commented on NTRS. Deutsche Bank Aktiengesellschaft raised their target price on Northern Trust from $100.00 to $108.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. UBS Group raised their price target on shares of Northern Trust from $86.00 to $92.00 and gave the stock a “neutral” rating in a report on Tuesday, October 8th. Truist Financial began coverage on Northern Trust in a research note on Tuesday, January 7th. They issued a “hold” rating and a $110.00 target price on the stock. Wells Fargo & Company lifted their price target on Northern Trust from $108.00 to $110.00 and gave the company an “equal weight” rating in a report on Friday, November 15th. Finally, The Goldman Sachs Group downgraded Northern Trust from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $84.00 to $82.00 in a report on Thursday, September 26th. One research 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. According to data from MarketBeat.com, Northern Trust has a consensus rating of “Hold” and a consensus price target of $107.17.

Insider Buying and Selling

In other news, Vice Chairman Steven L. Fradkin sold 27,874 shares of the firm’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $100.50, for a total value of $2,801,337.00. Following the sale, the insider now directly owns 46,078 shares of the company’s stock, valued at approximately $4,630,839. This trade represents a 37.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Teresa Parker sold 4,439 shares of the business’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $100.86, for a total value of $447,717.54. Following the transaction, the insider now directly owns 79,326 shares of the company’s stock, valued at $8,000,820.36. This represents a 5.30 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 82,151 shares of company stock worth $8,489,889 in the last quarter. 0.64% of the stock is currently owned by company insiders.

Northern Trust Trading Up 0.3 %

Shares of NTRS stock opened at $106.49 on Friday. Northern Trust Co. has a 12 month low of $76.67 and a 12 month high of $111.87. The company has a market cap of $21.11 billion, a PE ratio of 13.25, a price-to-earnings-growth ratio of 1.06 and a beta of 1.08. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.58. The business’s 50 day moving average is $105.67 and its two-hundred day moving average is $95.50.

Northern Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 1st. Investors of record on Friday, December 6th were paid a $0.75 dividend. The ex-dividend date was Friday, December 6th. This represents a $3.00 dividend on an annualized basis and a yield of 2.82%. Northern Trust’s payout ratio is presently 37.31%.

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.