Triangle Securities Wealth Management Decreases Stock Holdings in Northern Trust Co. (NASDAQ:NTRS)

Triangle Securities Wealth Management lowered its holdings in Northern Trust Co. (NASDAQ:NTRS) by 4.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,689 shares of the asset manager’s stock after selling 279 shares during the period. Triangle Securities Wealth Management’s holdings in Northern Trust were worth $583,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of NTRS. Brooklyn Investment Group boosted its holdings in shares of Northern Trust by 51.2% in the 4th quarter. Brooklyn Investment Group now owns 378 shares of the asset manager’s stock worth $39,000 after buying an additional 128 shares during the last quarter. Northwest Investment Counselors LLC purchased a new position in Northern Trust in the third quarter valued at about $39,000. Capital Performance Advisors LLP bought a new position in shares of Northern Trust during the 3rd quarter valued at approximately $48,000. Friedenthal Financial purchased a new stake in shares of Northern Trust during the 4th quarter worth approximately $57,000. Finally, Eastern Bank bought a new stake in shares of Northern Trust in the 3rd quarter worth approximately $51,000. Institutional investors own 83.19% of the company’s stock.

Insider Buying and Selling at Northern Trust

In related news, EVP Thomas A. South sold 5,000 shares of the company’s stock in a transaction 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 in the company, valued at approximately $5,264,184.80. The trade was a 9.13 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Teresa Parker sold 4,439 shares of the firm’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $100.86, for a total value of $447,717.54. Following the sale, the insider now owns 79,326 shares in the company, valued at $8,000,820.36. The trade was a 5.30 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 82,151 shares of company stock valued at $8,489,889 in the last 90 days. Corporate insiders own 0.64% of the company’s stock.

Northern Trust Stock Up 0.4 %

NTRS opened at $106.87 on Friday. 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 Co. has a one year low of $76.67 and a one year high of $111.87. The firm has a market capitalization of $21.18 billion, a P/E ratio of 13.29, a price-to-earnings-growth ratio of 1.06 and a beta of 1.08. The company has a fifty day moving average price of $105.73 and a 200-day moving average price of $95.73.

Northern Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 1st. Shareholders of record on Friday, December 6th were paid a $0.75 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $3.00 dividend on an annualized basis and a yield of 2.81%. Northern Trust’s dividend payout ratio is currently 37.31%.

Wall Street Analyst Weigh In

NTRS has been the subject of a number of recent research reports. Truist Financial assumed coverage on Northern Trust in a research report on Tuesday, January 7th. They issued a “hold” rating and a $110.00 target price for the company. Evercore ISI boosted their price objective on Northern Trust from $86.00 to $103.00 and gave the company an “in-line” rating in a research note on Thursday, October 24th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Northern Trust from $100.00 to $108.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Royal Bank of Canada boosted their price target on shares of Northern Trust from $100.00 to $107.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Finally, Bank of America raised 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. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $107.17.

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.