Kintegral Advisory LLC Sells 508 Shares of Northern Trust Co. (NASDAQ:NTRS)

Kintegral Advisory LLC lowered its holdings in Northern Trust Co. (NASDAQ:NTRS) by 4.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 10,906 shares of the asset manager’s stock after selling 508 shares during the quarter. Kintegral Advisory LLC’s holdings in Northern Trust were worth $1,126,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Y.D. More Investments Ltd increased its stake in shares of Northern Trust by 118.4% in the 4th quarter. Y.D. More Investments Ltd now owns 249 shares of the asset manager’s stock valued at $26,000 after buying an additional 135 shares during the period. Brooklyn Investment Group boosted its holdings in Northern Trust by 51.2% in the fourth quarter. Brooklyn Investment Group now owns 378 shares of the asset manager’s stock valued at $39,000 after acquiring an additional 128 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in Northern Trust in the third quarter worth about $48,000. Friedenthal Financial bought a new stake in Northern Trust during the 4th quarter worth about $57,000. Finally, Eastern Bank acquired a new position in Northern Trust during the 3rd quarter valued at about $51,000. Institutional investors own 83.19% of the company’s stock.

Insider Activity at Northern Trust

In other Northern Trust news, Vice Chairman Steven L. Fradkin sold 9,100 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $111.00, for a total value of $1,010,100.00. Following the completion of the transaction, the insider now directly owns 47,797 shares in the company, valued at $5,305,467. This trade represents a 15.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Thomas A. South sold 3,804 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $113.00, for a total value of $429,852.00. Following the transaction, the executive vice president now directly owns 81,794 shares in the company, valued at $9,242,722. This trade represents a 4.44 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 44,435 shares of company stock valued at $4,980,311. Corporate insiders own 0.64% of the company’s stock.

Northern Trust Stock Performance

Shares of Northern Trust stock opened at $112.97 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.71. The firm has a market cap of $22.39 billion, a price-to-earnings ratio of 11.55, a price-to-earnings-growth ratio of 1.72 and a beta of 1.08. The stock’s 50-day moving average is $107.25 and its 200-day moving average is $100.18. Northern Trust Co. has a one year low of $79.30 and a one year high of $114.67.

Northern Trust (NASDAQ:NTRS) last released its earnings results on Thursday, January 23rd. The asset manager reported $2.26 EPS for the quarter, beating 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%. Equities analysts predict that Northern Trust Co. will post 8.27 earnings per share for the current fiscal year.

Northern Trust Announces Dividend

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

Analyst Ratings Changes

A number of analysts have commented on NTRS shares. The Goldman Sachs Group lifted their target price on shares of Northern Trust from $92.00 to $102.00 and gave the stock a “sell” rating in a report on Friday, January 24th. Morgan Stanley decreased their price objective 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 target price 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. Keefe, Bruyette & Woods boosted their target price 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. Finally, UBS Group upped their price target on Northern Trust from $110.00 to $114.00 and gave the company a “neutral” rating in a research note on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $112.58.

Northern Trust Company 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.