Lodestar Investment Counsel LLC IL Has $10.26 Million Holdings in Northern Trust Co. (NASDAQ:NTRS)

Lodestar Investment Counsel LLC IL reduced its holdings in shares of Northern Trust Co. (NASDAQ:NTRS) by 2.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 102,742 shares of the asset manager’s stock after selling 3,045 shares during the quarter. Lodestar Investment Counsel LLC IL’s holdings in Northern Trust were worth $10,263,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Salem Investment Counselors Inc. increased its holdings in shares of Northern Trust by 8.3% in the 2nd quarter. Salem Investment Counselors Inc. now owns 1,083 shares of the asset manager’s stock worth $105,000 after buying an additional 83 shares during the last quarter. Moors & Cabot Inc. grew its holdings in shares of Northern Trust by 6.9% during the 2nd quarter. Moors & Cabot Inc. now owns 2,868 shares of the asset manager’s stock valued at $278,000 after purchasing an additional 185 shares during the last quarter. Thrivent Financial For Lutherans grew its holdings in shares of Northern Trust by 3.4% during the 2nd quarter. Thrivent Financial For Lutherans now owns 8,170 shares of the asset manager’s stock valued at $794,000 after purchasing an additional 270 shares during the last quarter. Steward Partners Investment Advisory LLC grew its holdings in shares of Northern Trust by 18.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,232 shares of the asset manager’s stock valued at $322,000 after purchasing an additional 500 shares during the last quarter. Finally, Cornerstone Advisors Inc. grew its holdings in shares of Northern Trust by 30.6% during the 4th quarter. Cornerstone Advisors Inc. now owns 2,324 shares of the asset manager’s stock valued at $232,000 after purchasing an additional 545 shares during the last quarter. Institutional investors and hedge funds own 80.69% of the company’s stock.

In related news, Vice Chairman Stephen N. Potter sold 7,103 shares of the company’s stock in a transaction dated Wednesday, January 31st. The shares were 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 Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeffrey D. Cohodes sold 11,982 shares of the company’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $98.75, for a total transaction of $1,183,222.50. Following the completion of the sale, the insider now directly owns 37,936 shares of the company’s stock, valued at $3,746,180. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 198,655 shares of company stock worth $19,906,776. Company insiders own 1.27% of the company’s stock.

Several equities research analysts have weighed in on NTRS shares. Zacks Investment Research cut shares of Northern Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. UBS Group raised their target price on shares of Northern Trust from $100.00 to $109.00 and gave the stock a “buy” rating in a research report on Thursday, October 19th. Buckingham Research raised their target price on shares of Northern Trust from $95.00 to $97.00 and gave the stock a “neutral” rating in a research report on Thursday, October 19th. Morgan Stanley raised their target price on shares of Northern Trust from $83.00 to $91.00 and gave the stock an “underweight” rating in a research report on Thursday, October 19th. Finally, Bank of America set a $102.00 target price on shares of Northern Trust and gave the stock a “buy” rating in a research report on Thursday, October 19th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. Northern Trust presently has a consensus rating of “Hold” and an average price target of $104.81.

Shares of Northern Trust Co. (NTRS) traded down $0.01 during mid-day trading on Wednesday, hitting $99.35. 1,015,800 shares of the stock were exchanged, compared to its average volume of 1,247,787. Northern Trust Co. has a 52-week low of $83.17 and a 52-week high of $108.91. The company has a market capitalization of $22,596.56, a price-to-earnings ratio of 20.61, a PEG ratio of 1.32 and a beta of 0.99. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.71 and a quick ratio of 0.71.

Northern Trust (NASDAQ:NTRS) last announced its quarterly earnings results 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 firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.41 billion. Northern Trust had a net margin of 20.98% and a return on equity of 12.77%. The business’s revenue for the quarter was up 15.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.11 earnings per share. sell-side analysts forecast that Northern Trust Co. will post 6.02 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Sunday, April 1st. Stockholders of record on Friday, March 9th will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date of this dividend is Thursday, March 8th. Northern Trust’s payout ratio is presently 34.15%.

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Northern Trust Company Profile

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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