IFG Advisory LLC Purchases 188 Shares of Northern Trust Co. (NASDAQ:NTRS)

IFG Advisory LLC raised its stake in shares of Northern Trust Co. (NASDAQ:NTRS) by 1.9% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 10,327 shares of the asset manager’s stock after acquiring an additional 188 shares during the period. IFG Advisory LLC’s holdings in Northern Trust were worth $871,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Fortitude Family Office LLC purchased a new stake in Northern Trust during the 4th quarter valued at approximately $28,000. Belpointe Asset Management LLC grew its holdings in shares of Northern Trust by 84.5% in the first quarter. Belpointe Asset Management LLC now owns 393 shares of the asset manager’s stock valued at $35,000 after purchasing an additional 180 shares in the last quarter. Clear Street Markets LLC grew its holdings in shares of Northern Trust by 93.4% in the first quarter. Clear Street Markets LLC now owns 408 shares of the asset manager’s stock valued at $36,000 after purchasing an additional 197 shares in the last quarter. Hexagon Capital Partners LLC grew its holdings in shares of Northern Trust by 306.3% in the third quarter. Hexagon Capital Partners LLC now owns 581 shares of the asset manager’s stock valued at $40,000 after purchasing an additional 438 shares in the last quarter. Finally, Itau Unibanco Holding S.A. purchased a new position in shares of Northern Trust in the second quarter valued at $40,000. Institutional investors own 83.19% of the company’s stock.

Northern Trust Price Performance

Shares of NASDAQ NTRS opened at $87.75 on Thursday. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.62. Northern Trust Co. has a twelve month low of $62.44 and a twelve month high of $90.59. The stock has a 50 day moving average of $81.40 and a two-hundred day moving average of $77.16. The stock has a market cap of $17.90 billion, a P/E ratio of 17.27, a P/E/G ratio of 1.89 and a beta of 1.12.

Northern Trust (NASDAQ:NTRS) last released its quarterly earnings results on Thursday, January 18th. The asset manager reported $0.52 EPS for the quarter, missing the consensus estimate of $1.33 by ($0.81). Northern Trust had a return on equity of 12.44% and a net margin of 9.14%. The company had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.71 billion. During the same quarter last year, the company earned $1.65 EPS. Northern Trust’s revenue for the quarter was up 1.9% compared to the same quarter last year. On average, research analysts forecast that Northern Trust Co. will post 6.32 earnings per share for the current year.

Northern Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Friday, March 8th will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 3.42%. The ex-dividend date of this dividend is Thursday, March 7th. Northern Trust’s dividend payout ratio (DPR) is 59.06%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on NTRS shares. Royal Bank of Canada raised their price target on Northern Trust from $82.00 to $86.00 and gave the stock an “outperform” rating in a research report on Friday, January 19th. Jefferies Financial Group upgraded Northern Trust from a “hold” rating to a “buy” rating and lifted their target price for the stock from $68.00 to $99.00 in a research report on Tuesday, January 9th. Barclays lifted their target price on Northern Trust from $90.00 to $98.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 2nd. TheStreet upgraded Northern Trust from a “c+” rating to a “b-” rating in a research report on Friday, January 12th. Finally, Morgan Stanley reiterated an “underweight” rating and set a $86.00 target price (up from $82.00) on shares of Northern Trust in a research report on Tuesday, January 30th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. According to MarketBeat, Northern Trust has an average rating of “Hold” and a consensus target price of $83.04.

Insider Activity at Northern Trust

In other news, insider Steven L. Fradkin sold 30,392 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $80.11, for a total value of $2,434,703.12. Following the transaction, the insider now directly owns 55,707 shares in the company, valued at approximately $4,462,687.77. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.64% of the company’s stock.

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.