Sequoia Financial Advisors LLC Grows Stock Holdings in Northern Trust Corporation $NTRS

Sequoia Financial Advisors LLC lifted its holdings in Northern Trust Corporation (NASDAQ:NTRS) by 25.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,718 shares of the asset manager’s stock after acquiring an additional 4,206 shares during the period. Sequoia Financial Advisors LLC’s holdings in Northern Trust were worth $2,830,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. New Age Alpha Advisors LLC increased its holdings in Northern Trust by 4.9% in the 3rd quarter. New Age Alpha Advisors LLC now owns 1,659 shares of the asset manager’s stock valued at $223,000 after purchasing an additional 78 shares in the last quarter. Compound Planning Inc. grew its stake in shares of Northern Trust by 5.1% in the third quarter. Compound Planning Inc. now owns 1,666 shares of the asset manager’s stock valued at $224,000 after buying an additional 81 shares in the last quarter. Apollon Wealth Management LLC grew its stake in shares of Northern Trust by 1.9% in the fourth quarter. Apollon Wealth Management LLC now owns 4,379 shares of the asset manager’s stock valued at $598,000 after buying an additional 81 shares in the last quarter. NorthRock Partners LLC raised its holdings in shares of Northern Trust by 2.2% during the 3rd quarter. NorthRock Partners LLC now owns 3,812 shares of the asset manager’s stock valued at $513,000 after buying an additional 83 shares during the period. Finally, HighPoint Advisor Group LLC raised its holdings in shares of Northern Trust by 2.3% during the 3rd quarter. HighPoint Advisor Group LLC now owns 3,717 shares of the asset manager’s stock valued at $500,000 after buying an additional 84 shares during the period. Institutional investors and hedge funds own 83.19% of the company’s stock.

Northern Trust Price Performance

Shares of NASDAQ NTRS opened at $160.41 on Friday. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.51. Northern Trust Corporation has a fifty-two week low of $100.01 and a fifty-two week high of $173.18. The business has a 50 day moving average price of $148.41 and a two-hundred day moving average price of $141.76. The firm has a market cap of $29.68 billion, a PE ratio of 16.80, a price-to-earnings-growth ratio of 1.16 and a beta of 1.27.

Northern Trust (NASDAQ:NTRS) last announced its earnings results on Tuesday, April 21st. The asset manager reported $2.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.37 by $0.34. Northern Trust had a return on equity of 15.94% and a net margin of 12.84%.The company had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same period in the prior year, the company posted $1.90 EPS. Northern Trust’s quarterly revenue was up 13.8% on a year-over-year basis. Sell-side analysts expect that Northern Trust Corporation will post 10.63 earnings per share for the current fiscal year.

Northern Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Friday, June 5th will be issued a $0.80 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $3.20 annualized dividend and a yield of 2.0%. Northern Trust’s dividend payout ratio is currently 33.51%.

Insider Activity at Northern Trust

In related news, Director Robert Edward Jr. Moritz bought 225 shares of the business’s stock in a transaction dated Friday, May 1st. The shares were acquired at an average price of $166.41 per share, for a total transaction of $37,442.25. Following the purchase, the director owned 8,145 shares in the company, valued at $1,355,409.45. This trade represents a 2.84% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO David W. Fox, Jr. sold 19,987 shares of the stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $166.16, for a total transaction of $3,321,039.92. Following the transaction, the chief financial officer directly owned 18,588 shares in the company, valued at $3,088,582.08. The trade was a 51.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 32,705 shares of company stock valued at $5,211,464. 0.66% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms have weighed in on NTRS. Wells Fargo & Company upped their price target on Northern Trust from $150.00 to $175.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 22nd. Evercore boosted their target price on shares of Northern Trust from $142.00 to $155.00 and gave the stock an “in-line” rating in a research report on Friday, January 23rd. BMO Capital Markets upgraded shares of Northern Trust from a “market perform” rating to an “outperform” rating and set a $168.00 target price for the company in a research note on Monday, April 6th. TD Cowen raised their price target on shares of Northern Trust from $165.00 to $175.00 and gave the company a “buy” rating in a report on Monday, January 26th. Finally, Truist Financial lifted their price target on shares of Northern Trust from $155.00 to $176.00 and gave the stock a “hold” rating in a research note on Wednesday, April 22nd. Four research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Northern Trust has an average rating of “Hold” and an average price target of $163.55.

Northern Trust Company Profile

Northern Trust Corporation (NASDAQ: NTRS) is a global financial services firm headquartered in Chicago that provides asset servicing, asset management and wealth management solutions to institutions, corporations and high-net-worth individuals. The company’s core businesses include custody and fund administration, investment operations outsourcing, trust and fiduciary services, private banking, and retirement and defined contribution plan services.

Northern Trust’s product and service offerings span custody and fund accounting, portfolio and performance analytics, securities lending, cash management and foreign exchange, as well as discretionary and non-discretionary investment management.