Mutual of America Capital Management LLC Has $2.43 Million Position in Northern Trust Co. (NASDAQ:NTRS)

Mutual of America Capital Management LLC reduced its stake in shares of Northern Trust Co. (NASDAQ:NTRS) by 4.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 23,746 shares of the asset manager’s stock after selling 1,085 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Northern Trust were worth $2,434,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of NTRS. Y.D. More Investments Ltd grew its position in shares of Northern Trust by 118.4% during the 4th quarter. Y.D. More Investments Ltd now owns 249 shares of the asset manager’s stock worth $26,000 after buying an additional 135 shares during the period. Empirical Asset Management LLC acquired a new position in shares of Northern Trust in the 4th quarter valued at approximately $33,000. Brooklyn Investment Group grew its position in shares of Northern Trust by 51.2% in the 4th quarter. Brooklyn Investment Group now owns 378 shares of the asset manager’s stock valued at $39,000 after purchasing an additional 128 shares during the period. Capital Performance Advisors LLP acquired a new position in shares of Northern Trust in the 3rd quarter valued at approximately $48,000. Finally, Proficio Capital Partners LLC acquired a new position in shares of Northern Trust in the 4th quarter valued at approximately $51,000. 83.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NTRS has been the subject of several research analyst reports. StockNews.com lowered Northern Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Barclays boosted their price objective on Northern Trust from $115.00 to $118.00 and gave the company an “equal weight” rating in a research report on Monday, January 6th. Deutsche Bank Aktiengesellschaft boosted their price objective on Northern Trust from $100.00 to $108.00 and gave the company a “hold” rating in a research report on Monday, November 11th. UBS Group upped their price target on Northern Trust from $110.00 to $114.00 and gave the stock a “neutral” rating in a research report on Monday, January 27th. Finally, Wells Fargo & Company upped their price target on Northern Trust from $108.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Friday, November 15th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Northern Trust presently has an average rating of “Hold” and a consensus target price of $113.50.

Insider Buying and Selling at Northern Trust

In other Northern Trust news, EVP Thomas A. South sold 3,804 shares of the company’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $113.00, for a total value of $429,852.00. Following the transaction, the executive vice president now directly owns 81,794 shares of the company’s stock, valued at $9,242,722. This represents a 4.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Peter Cherecwich sold 26,132 shares of the company’s stock in a transaction on Wednesday, January 29th. The shares were sold at an average price of $112.36, for a total value of $2,936,191.52. Following the completion of the transaction, the chief operating officer now directly owns 26,586 shares in the company, valued at approximately $2,987,202.96. This represents a 49.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 35,335 shares of company stock valued at $3,970,211 in the last ninety days. 0.64% of the stock is currently owned by corporate insiders.

Northern Trust Stock Up 0.5 %

NTRS opened at $104.32 on Friday. Northern Trust Co. has a 1-year low of $79.30 and a 1-year high of $114.67. The stock’s fifty day simple moving average is $108.20 and its 200 day simple moving average is $101.69. The company has a current ratio of 0.68, a quick ratio of 0.71 and a debt-to-equity ratio of 0.58. The stock has a market cap of $20.42 billion, a PE ratio of 10.67, a price-to-earnings-growth ratio of 1.72 and a beta of 1.07.

Northern Trust (NASDAQ:NTRS) last posted its quarterly earnings results on Thursday, January 23rd. The asset manager reported $2.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.96 by $0.30. Northern Trust had a return on equity of 13.74% and a net margin of 12.77%. As a group, research analysts expect that Northern Trust Co. will post 8.27 earnings per share for the current year.

Northern Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date of this dividend is Friday, March 14th. Northern Trust’s dividend payout ratio (DPR) is presently 30.67%.

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.