Legacy Capital Partners Inc. Acquires New Holdings in Northern Trust Co. (NTRS)

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.

Northern Trust (NASDAQ:NTRS) last posted its quarterly earnings data on Wednesday, January 24th. The asset manager reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.30 by $0.05. The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.41 billion. Northern Trust had a return on equity of 12.77% and a net margin of 20.98%. The firm’s revenue for the quarter was up 15.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.11 earnings per share. research analysts predict that Northern Trust Co. will post 6.02 EPS for the current fiscal year.

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.

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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.

Institutional Ownership by Quarter for Northern Trust (NASDAQ:NTRS)

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