Northern Trust Co. (NASDAQ:NTRS) Shares Sold by International Assets Investment Management LLC

International Assets Investment Management LLC lowered its stake in Northern Trust Co. (NASDAQ:NTRS) by 89.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,007 shares of the asset manager’s stock after selling 115,161 shares during the quarter. International Assets Investment Management LLC’s holdings in Northern Trust were worth $1,182,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fortitude Family Office LLC acquired a new stake in shares of Northern Trust in the 4th quarter worth approximately $28,000. Quent Capital LLC raised its holdings in Northern Trust by 77.8% during the fourth quarter. Quent Capital LLC now owns 361 shares of the asset manager’s stock worth $30,000 after purchasing an additional 158 shares in the last quarter. Bruce G. Allen Investments LLC acquired a new stake in Northern Trust in the fourth quarter worth approximately $45,000. Hexagon Capital Partners LLC boosted its stake in Northern Trust by 306.3% during the 3rd quarter. Hexagon Capital Partners LLC now owns 581 shares of the asset manager’s stock valued at $40,000 after purchasing an additional 438 shares in the last quarter. Finally, Covestor Ltd increased its position in shares of Northern Trust by 147.5% during the 3rd quarter. Covestor Ltd now owns 604 shares of the asset manager’s stock valued at $42,000 after purchasing an additional 360 shares during the period. Institutional investors own 83.19% of the company’s stock.

Northern Trust Stock Performance

Shares of NTRS stock opened at $83.54 on Tuesday. The company has a market capitalization of $17.04 billion, a price-to-earnings ratio of 18.44, a P/E/G ratio of 1.17 and a beta of 1.13. Northern Trust Co. has a 1-year low of $62.44 and a 1-year high of $89.25. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.61. The stock’s fifty day simple moving average is $83.31 and its 200-day simple moving average is $79.22.

Northern Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 7th will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $3.00 annualized dividend and a yield of 3.59%. Northern Trust’s dividend payout ratio (DPR) is presently 66.23%.

Insider Activity

In other Northern Trust 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 value of $2,434,703.12. Following the transaction, the insider now owns 55,707 shares in the company, valued at approximately $4,462,687.77. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.64% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

NTRS has been the subject of several research analyst reports. Wolfe Research lowered Northern Trust from a “peer perform” rating to an “underperform” rating and set a $85.00 price objective for the company. in a report on Wednesday, January 3rd. Evercore ISI lifted their price objective on shares of Northern Trust from $86.00 to $87.00 and gave the stock an “in-line” rating in a research note on Thursday, April 4th. UBS Group increased their target price on shares of Northern Trust from $72.00 to $84.00 and gave the company a “neutral” rating in a research note on Tuesday, January 9th. Bank of America lifted their price target on shares of Northern Trust from $93.00 to $101.00 and gave the stock a “buy” rating in a research report on Wednesday, April 17th. Finally, TheStreet upgraded 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, seven have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, Northern Trust has a consensus rating of “Hold” and a consensus target price of $84.92.

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.