Mather Group LLC. Has $373,000 Holdings in Northern Trust Co. (NASDAQ:NTRS)

Mather Group LLC. lessened its holdings in Northern Trust Co. (NASDAQ:NTRS) by 17.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,197 shares of the asset manager’s stock after selling 865 shares during the period. Mather Group LLC.’s holdings in Northern Trust were worth $373,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Versant Capital Management Inc raised its holdings in shares of Northern Trust by 343.9% in the 2nd quarter. Versant Capital Management Inc now owns 435 shares of the asset manager’s stock worth $37,000 after acquiring an additional 337 shares during the last quarter. DNB Asset Management AS raised its holdings in shares of Northern Trust by 4.8% in the 2nd quarter. DNB Asset Management AS now owns 35,255 shares of the asset manager’s stock worth $2,961,000 after acquiring an additional 1,625 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its position in Northern Trust by 23.1% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 805 shares of the asset manager’s stock worth $68,000 after purchasing an additional 151 shares in the last quarter. GAMMA Investing LLC grew its position in Northern Trust by 39.1% in the 2nd quarter. GAMMA Investing LLC now owns 2,892 shares of the asset manager’s stock worth $243,000 after purchasing an additional 813 shares in the last quarter. Finally, ShankerValleau Wealth Advisors Inc. bought a new stake in Northern Trust in the 2nd quarter worth about $404,000. Institutional investors and hedge funds own 83.19% of the company’s stock.

Insider Buying and Selling

In other Northern Trust news, insider Peter Cherecwich sold 12,000 shares of the stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $87.09, for a total value of $1,045,080.00. Following the sale, the insider now directly owns 31,471 shares in the company, valued at approximately $2,740,809.39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.64% of the stock is owned by insiders.

Northern Trust Stock Performance

Shares of Northern Trust stock traded up $1.20 on Wednesday, reaching $84.30. 261,995 shares of the company traded hands, compared to its average volume of 1,360,853. The company has a 50 day moving average of $84.60 and a 200 day moving average of $83.63. The firm has a market capitalization of $17.25 billion, a PE ratio of 18.73, a PEG ratio of 1.29 and a beta of 1.10. Northern Trust Co. has a 52 week low of $62.44 and a 52 week high of $92.46. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.71 and a quick ratio of 0.71.

Northern Trust (NASDAQ:NTRS) last released its quarterly earnings data on Wednesday, July 17th. The asset manager reported $1.78 EPS for the quarter, topping the consensus estimate of $1.75 by $0.03. The company had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $1.84 billion. Northern Trust had a net margin of 10.53% and a return on equity of 12.24%. Northern Trust’s revenue for the quarter was up 53.8% on a year-over-year basis. During the same period last year, the firm earned $1.79 EPS. Equities analysts forecast that Northern Trust Co. will post 7.02 earnings per share for the current year.

Northern Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, September 6th will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 3.56%. The ex-dividend date of this dividend is Friday, September 6th. Northern Trust’s dividend payout ratio (DPR) is presently 66.23%.

Analysts Set New Price Targets

A number of brokerages have issued reports on NTRS. The Goldman Sachs Group reduced their price objective on shares of Northern Trust from $94.00 to $84.00 and set a “neutral” rating for the company in a research report on Tuesday, July 2nd. Bank of America upped their price objective on shares of Northern Trust from $93.00 to $101.00 and gave the stock a “buy” rating in a research report on Wednesday, April 17th. Jefferies Financial Group upped their price objective on shares of Northern Trust from $101.00 to $103.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. Royal Bank of Canada upped their price objective on shares of Northern Trust from $86.00 to $90.00 and gave the stock an “outperform” rating in a research report on Thursday, July 18th. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of Northern Trust from $92.00 to $85.00 and set a “market perform” rating for the company in a research report on Thursday, June 27th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Northern Trust presently has an average rating of “Hold” and an average target price of $87.33.

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.