Legacy Capital Partners Inc. acquired a new position in shares of Northern Trust Co. (NASDAQ:NTRS) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,100 shares of the asset manager’s stock, valued at approximately $210,000.
Other large investors have also recently made changes to their positions in the company. Field & Main Bank purchased a new stake in shares of Northern Trust during the fourth quarter worth $100,000. Cerebellum GP LLC purchased a new stake in shares of Northern Trust during the fourth quarter worth $132,000. MPS Loria Financial Planners LLC purchased a new stake in shares of Northern Trust during the second quarter worth $134,000. Hollencrest Capital Management purchased a new stake in shares of Northern Trust during the fourth quarter worth $210,000. Finally, Cetera Investment Advisers bought a new position in Northern Trust during the second quarter valued at about $205,000. Institutional investors and hedge funds own 81.31% of the company’s stock.
Northern Trust Co. (NASDAQ:NTRS) opened at $97.38 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.71 and a quick ratio of 0.71. The company has a market capitalization of $22,146.26, a PE ratio of 19.79, a PEG ratio of 1.30 and a beta of 0.99. Northern Trust Co. has a 12 month low of $83.17 and a 12 month high of $108.91.
The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, April 1st. Stockholders of record on Friday, March 9th will be paid a $0.42 dividend. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.73%. Northern Trust’s payout ratio is presently 34.15%.
NTRS has been the topic of several recent research reports. Zacks Investment Research lowered Northern Trust from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. UBS Group raised their target price on Northern Trust from $100.00 to $109.00 and gave the company a “buy” rating in a report on Thursday, October 19th. Buckingham Research raised their target price on Northern Trust from $95.00 to $97.00 and gave the company a “neutral” rating in a report on Thursday, October 19th. Morgan Stanley raised their target price on Northern Trust from $83.00 to $91.00 and gave the company an “underweight” rating in a report on Thursday, October 19th. Finally, Bank of America set a $102.00 target price on Northern Trust and gave the company a “buy” rating in a report on Thursday, October 19th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $104.81.
In other news, Vice Chairman Stephen N. Potter sold 7,103 shares of Northern Trust stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $105.55, for a total value of $749,721.65. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Vice Chairman William L. Morrison sold 30,000 shares of Northern Trust stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $96.48, for a total value of $2,894,400.00. The disclosure for this sale can be found here. Insiders sold 186,673 shares of company stock worth $18,723,553 over the last quarter. 1.27% of the stock is currently owned by corporate insiders.
TRADEMARK VIOLATION NOTICE: This news story was originally reported by Week Herald and is owned by of Week Herald. If you are reading this news story on another website, it was stolen and reposted in violation of international copyright laws. The correct version of this news story can be read at https://weekherald.com/2018/02/11/legacy-capital-partners-inc-acquires-new-holdings-in-northern-trust-co-ntrs.html.
About Northern Trust
Northern Trust Corporation is a financial holding company. The Company provides asset servicing, fund administration, asset management, fiduciary and banking solutions for corporations, institutions, families and individuals across the world. Its segments include Corporate & Institutional Services (C&IS), Wealth Management, and Treasury and Other.
Receive News & Ratings for Northern Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northern Trust and related companies with MarketBeat.com's FREE daily email newsletter.