Machina Capital S.A.S. Buys Shares of 2,693 Northern Trust Co. (NASDAQ:NTRS)

Machina Capital S.A.S. acquired a new stake in Northern Trust Co. (NASDAQ:NTRS) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 2,693 shares of the asset manager’s stock, valued at approximately $227,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NTRS. Cambridge Investment Research Advisors Inc. grew its stake in shares of Northern Trust by 1.3% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 14,841 shares of the asset manager’s stock valued at $1,031,000 after purchasing an additional 192 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in Northern Trust by 7.1% in the third quarter. Robeco Institutional Asset Management B.V. now owns 16,197 shares of the asset manager’s stock worth $1,125,000 after purchasing an additional 1,076 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Northern Trust by 29.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 86,214 shares of the asset manager’s stock worth $5,990,000 after purchasing an additional 19,427 shares during the period. Mackenzie Financial Corp raised its holdings in Northern Trust by 2.4% in the third quarter. Mackenzie Financial Corp now owns 26,004 shares of the asset manager’s stock worth $1,738,000 after purchasing an additional 616 shares during the period. Finally, IFM Investors Pty Ltd grew its position in Northern Trust by 30.9% in the third quarter. IFM Investors Pty Ltd now owns 49,889 shares of the asset manager’s stock valued at $3,466,000 after purchasing an additional 11,791 shares in the last quarter. Institutional investors and hedge funds own 83.19% of the company’s stock.

Northern Trust Stock Performance

Shares of NTRS traded down $0.36 during trading hours on Tuesday, hitting $84.66. The company’s stock had a trading volume of 867,563 shares, compared to its average volume of 1,470,838. The business has a 50 day simple moving average of $84.07 and a two-hundred day simple moving average of $80.36. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.71 and a quick ratio of 0.71. Northern Trust Co. has a 52-week low of $62.44 and a 52-week high of $89.25. The company has a market cap of $17.32 billion, a price-to-earnings ratio of 18.77, a PEG ratio of 1.21 and a beta of 1.13.

Northern Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders 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 3.54%. Northern Trust’s payout ratio is presently 66.23%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on NTRS shares. Jefferies Financial Group raised their target price on shares of Northern Trust from $101.00 to $103.00 and gave the company a “buy” rating in a research report on Thursday, April 18th. Royal Bank of Canada raised their target price on shares of Northern Trust from $82.00 to $86.00 and gave the company an “outperform” rating in a research report on Friday, January 19th. Bank of America lifted their price objective on shares of Northern Trust from $93.00 to $101.00 and gave the company a “buy” rating in a research report on Wednesday, April 17th. Morgan Stanley reissued an “underweight” rating and issued a $86.00 price objective (up previously from $82.00) on shares of Northern Trust in a research report on Tuesday, January 30th. Finally, TheStreet raised shares of Northern Trust from a “c+” rating to a “b-” rating in a research report on Friday, January 12th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Northern Trust currently has an average rating of “Hold” and an average target price of $84.92.

Insider Buying and Selling at Northern Trust

In related news, insider Steven L. Fradkin sold 30,392 shares of Northern Trust stock in a transaction on Thursday, February 22nd. The shares were 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 of the company’s stock, valued at $4,462,687.77. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, insider Steven L. Fradkin sold 4,097 shares of Northern Trust stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $82.56, for a total value of $338,248.32. Following the transaction, the insider now directly owns 46,078 shares of the company’s stock, valued at $3,804,199.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Steven L. Fradkin sold 30,392 shares of Northern Trust stock in a transaction on Thursday, February 22nd. The stock was 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 directly owns 55,707 shares in the company, valued at $4,462,687.77. The disclosure for this sale can be found here. 0.64% of the stock is currently 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.