Everence Capital Management Inc. Boosts Stake in Northern Trust Co. (NASDAQ:NTRS)

Everence Capital Management Inc. boosted its holdings in Northern Trust Co. (NASDAQ:NTRS) by 144.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,937 shares of the asset manager’s stock after acquiring an additional 8,830 shares during the quarter. Everence Capital Management Inc.’s holdings in Northern Trust were worth $1,531,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Commonwealth Equity Services LLC increased its holdings in shares of Northern Trust by 3.8% in the 2nd quarter. Commonwealth Equity Services LLC now owns 41,457 shares of the asset manager’s stock valued at $3,482,000 after purchasing an additional 1,509 shares in the last quarter. Natixis Advisors LLC lifted its position in shares of Northern Trust by 22.0% during the 2nd quarter. Natixis Advisors LLC now owns 62,119 shares of the asset manager’s stock valued at $5,217,000 after acquiring an additional 11,201 shares during the period. TD Asset Management Inc boosted its stake in shares of Northern Trust by 8.0% during the 2nd quarter. TD Asset Management Inc now owns 77,012 shares of the asset manager’s stock worth $6,467,000 after acquiring an additional 5,692 shares in the last quarter. National Bank of Canada FI grew its holdings in shares of Northern Trust by 10.3% in the 2nd quarter. National Bank of Canada FI now owns 117,181 shares of the asset manager’s stock worth $9,823,000 after acquiring an additional 10,917 shares during the period. Finally, Candriam S.C.A. increased its stake in Northern Trust by 10.7% in the 2nd quarter. Candriam S.C.A. now owns 24,678 shares of the asset manager’s stock valued at $2,072,000 after purchasing an additional 2,381 shares in the last quarter. Institutional investors and hedge funds own 83.19% of the company’s stock.

Northern Trust Stock Performance

NASDAQ NTRS opened at $103.28 on Friday. The business’s 50-day moving average price is $105.53 and its 200 day moving average price is $94.18. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.58. Northern Trust Co. has a twelve month low of $76.67 and a twelve month high of $111.87. The company has a market capitalization of $20.47 billion, a PE ratio of 12.85, a price-to-earnings-growth ratio of 1.18 and a beta of 1.07.

Northern Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 1st. Investors of record on Friday, December 6th were given a $0.75 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $3.00 annualized dividend and a dividend yield of 2.90%. Northern Trust’s dividend payout ratio is presently 37.31%.

Insider Activity at Northern Trust

In related news, Vice Chairman Steven L. Fradkin sold 9,100 shares of Northern Trust stock in a transaction on Friday, November 29th. The stock was sold at an average price of $111.00, for a total value of $1,010,100.00. Following the transaction, the insider now owns 47,797 shares in the company, valued at approximately $5,305,467. This trade represents a 15.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Peter Cherecwich sold 16,153 shares of the company’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $105.18, for a total value of $1,698,972.54. Following the sale, the chief operating officer now owns 4,397 shares of the company’s stock, valued at $462,476.46. This represents a 78.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 82,151 shares of company stock worth $8,489,889. 0.64% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Barclays boosted their target price on Northern Trust from $98.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Northern Trust from $100.00 to $108.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Morgan Stanley dropped their target price on shares of Northern Trust from $127.00 to $125.00 and set an “equal weight” rating for the company in a report on Friday. UBS Group upped their price target on shares of Northern Trust from $86.00 to $92.00 and gave the company a “neutral” rating in a report on Tuesday, October 8th. Finally, Wells Fargo & Company raised their price objective on shares of Northern Trust from $108.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Friday, November 15th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $106.64.

About Northern Trust

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.