Crescent Grove Advisors LLC Has $828,000 Position in Northern Trust Co. (NASDAQ:NTRS)

Crescent Grove Advisors LLC boosted its stake in Northern Trust Co. (NASDAQ:NTRS) by 24.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,028 shares of the asset manager’s stock after purchasing an additional 1,567 shares during the quarter. Crescent Grove Advisors LLC’s holdings in Northern Trust were worth $828,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. FMR LLC increased its position in Northern Trust by 9.3% in the 3rd quarter. FMR LLC now owns 18,187,663 shares of the asset manager’s stock valued at $1,637,435,000 after buying an additional 1,542,685 shares in the last quarter. Primecap Management Co. CA increased its holdings in shares of Northern Trust by 0.5% during the third quarter. Primecap Management Co. CA now owns 7,085,117 shares of the asset manager’s stock valued at $637,873,000 after acquiring an additional 38,360 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of 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 purchasing an additional 388,692 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Northern Trust by 1.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,577,091 shares of the asset manager’s stock worth $141,986,000 after purchasing an additional 16,500 shares during the period. Finally, AQR Capital Management LLC lifted its holdings in shares of Northern Trust by 55.1% in the 2nd quarter. AQR Capital Management LLC now owns 597,146 shares of the asset manager’s stock worth $49,575,000 after purchasing an additional 212,089 shares in the last quarter. 83.19% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on NTRS shares. Bank of America upped their price objective on shares of Northern Trust from $103.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Truist Financial upped their target price on shares of Northern Trust from $110.00 to $116.00 and gave the stock a “hold” rating in a report on Friday. UBS Group lifted their price target on Northern Trust from $86.00 to $92.00 and gave the company a “neutral” rating in a research note on Tuesday, October 8th. Wells Fargo & Company increased their price objective on Northern Trust from $108.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Friday, November 15th. Finally, Morgan Stanley cut their target price on Northern Trust from $127.00 to $125.00 and set an “equal weight” rating on the stock in a research report on Friday, January 3rd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Northern Trust presently has a consensus rating of “Hold” and a consensus price target of $110.75.

Insiders Place Their Bets

In related news, EVP Thomas A. South sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $105.80, for a total value of $529,000.00. Following the completion of the transaction, the executive vice president now directly owns 49,756 shares of the company’s stock, valued at approximately $5,264,184.80. This trade represents a 9.13 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Vice Chairman Steven L. Fradkin sold 9,100 shares of the business’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $111.00, for a total transaction of $1,010,100.00. Following the sale, the insider now directly owns 47,797 shares in the company, valued at $5,305,467. The trade was a 15.99 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 30,253 shares of company stock valued at $3,238,073 over the last ninety days. 0.64% of the stock is currently owned by insiders.

Northern Trust Trading Up 1.3 %

Shares of Northern Trust stock opened at $110.92 on Friday. The stock has a fifty day moving average price of $105.89 and a 200-day moving average price of $96.59. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.71 and a quick ratio of 0.71. The firm has a market cap of $21.99 billion, a PE ratio of 13.80, a P/E/G ratio of 1.22 and a beta of 1.08. Northern Trust Co. has a 1 year low of $76.67 and a 1 year high of $111.87.

Northern Trust (NASDAQ:NTRS) last announced its quarterly earnings data on Thursday, January 23rd. The asset manager reported $2.26 EPS for the quarter, topping the consensus estimate of $1.96 by $0.30. Northern Trust had a net margin of 10.92% and a return on equity of 12.75%. Equities research analysts anticipate that Northern Trust Co. will post 7.56 EPS for the current year.

Northern Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders 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 2.70%. The ex-dividend date is Friday, March 14th. Northern Trust’s dividend payout ratio (DPR) is 37.31%.

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.