Duality Advisers LP Buys 2,695 Shares of Northern Trust Co. (NASDAQ:NTRS)

Duality Advisers LP raised its holdings in shares of Northern Trust Co. (NASDAQ:NTRS) by 31.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 11,185 shares of the asset manager’s stock after acquiring an additional 2,695 shares during the period. Duality Advisers LP’s holdings in Northern Trust were worth $944,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. CWM LLC lifted its holdings in shares of Northern Trust by 10.4% in the 3rd quarter. CWM LLC now owns 7,316 shares of the asset manager’s stock valued at $508,000 after acquiring an additional 689 shares during the last quarter. IFP Advisors Inc grew its position in Northern Trust by 1,257.1% during the 3rd quarter. IFP Advisors Inc now owns 1,140 shares of the asset manager’s stock worth $79,000 after purchasing an additional 1,056 shares during the last quarter. DnB Asset Management AS increased its stake in Northern Trust by 6.5% during the 3rd quarter. DnB Asset Management AS now owns 34,538 shares of the asset manager’s stock valued at $2,400,000 after purchasing an additional 2,094 shares in the last quarter. Ballast Inc. raised its holdings in shares of Northern Trust by 16.1% in the third quarter. Ballast Inc. now owns 12,072 shares of the asset manager’s stock worth $839,000 after buying an additional 1,672 shares during the last quarter. Finally, Czech National Bank lifted its stake in shares of Northern Trust by 46.7% during the third quarter. Czech National Bank now owns 36,180 shares of the asset manager’s stock worth $2,514,000 after buying an additional 11,517 shares during the period. Hedge funds and other institutional investors own 83.19% of the company’s stock.

Wall Street Analyst Weigh In

NTRS has been the subject of a number of research reports. Wolfe Research cut Northern Trust from a “peer perform” rating to an “underperform” rating and set a $85.00 price target for the company. in a research report on Wednesday, January 3rd. Barclays raised their price target on shares of Northern Trust from $90.00 to $98.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 2nd. UBS Group raised their target price on shares of Northern Trust from $72.00 to $84.00 and gave the stock a “neutral” rating in a report on Tuesday, January 9th. Morgan Stanley reissued an “underweight” rating and issued a $86.00 price target (up from $82.00) on shares of Northern Trust in a report on Tuesday, January 30th. Finally, TheStreet upgraded shares of Northern Trust from a “c+” rating to a “b-” rating in a research report on Friday, January 12th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $84.92.

Northern Trust Stock Performance

Shares of NTRS opened at $84.18 on Wednesday. The company has a market capitalization of $17.17 billion, a price-to-earnings ratio of 18.58, a PEG ratio of 1.20 and a beta of 1.13. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.71 and a current ratio of 0.71. Northern Trust Co. has a 1 year low of $62.44 and a 1 year high of $89.25. The company’s 50 day simple moving average is $83.44 and its 200 day simple moving average is $79.34.

Northern Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 7th will be given a dividend of $0.75 per share. The ex-dividend date is Friday, June 7th. This represents a $3.00 annualized dividend and a yield of 3.56%. Northern Trust’s dividend payout ratio (DPR) is presently 66.23%.

Insider Buying and Selling at Northern Trust

In related news, insider Steven L. Fradkin sold 30,392 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $80.11, for a total transaction of $2,434,703.12. Following the completion of the transaction, the insider now owns 55,707 shares of the company’s stock, valued at $4,462,687.77. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.64% of the stock is owned by company insiders.

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.