Aviance Capital Partners LLC Buys 150 Shares of Northern Trust Co. (NASDAQ:NTRS)

Aviance Capital Partners LLC grew its stake in shares of Northern Trust Co. (NASDAQ:NTRS) by 1.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,585 shares of the asset manager’s stock after acquiring an additional 150 shares during the quarter. Aviance Capital Partners LLC’s holdings in Northern Trust were worth $724,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Deutsche Bank AG raised its holdings in Northern Trust by 8.1% in the third quarter. Deutsche Bank AG now owns 597,143 shares of the asset manager’s stock worth $41,489,000 after buying an additional 44,516 shares during the last quarter. Financiere des Professionnels Fonds d investissement inc. boosted its stake in Northern Trust by 51.3% during the 4th quarter. Financiere des Professionnels Fonds d investissement inc. now owns 70,384 shares of the asset manager’s stock valued at $5,939,000 after purchasing an additional 23,859 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its holdings in shares of Northern Trust by 17,074.2% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 74,021 shares of the asset manager’s stock worth $6,246,000 after purchasing an additional 73,590 shares in the last quarter. HB Wealth Management LLC purchased a new position in shares of Northern Trust in the fourth quarter worth $227,000. Finally, Nordea Investment Management AB lifted its holdings in shares of Northern Trust by 2.4% during the third quarter. Nordea Investment Management AB now owns 12,962 shares of the asset manager’s stock valued at $907,000 after purchasing an additional 305 shares in the last quarter. Hedge funds and other institutional investors own 83.19% of the company’s stock.

Analyst Ratings Changes

NTRS has been the topic of several research analyst reports. Morgan Stanley reaffirmed an “underweight” rating and set a $86.00 price target (up previously from $82.00) on shares of Northern Trust in a report on Tuesday, January 30th. TheStreet raised Northern Trust from a “c+” rating to a “b-” rating in a report on Friday, January 12th. Jefferies Financial Group upped their price objective on Northern Trust from $101.00 to $103.00 and gave the company a “buy” rating in a research report on Thursday, April 18th. Royal Bank of Canada boosted their price target on Northern Trust from $82.00 to $86.00 and gave the company an “outperform” rating in a research note on Friday, January 19th. Finally, UBS Group raised their price objective on shares of Northern Trust from $72.00 to $84.00 and gave the stock a “neutral” rating in a report on Tuesday, January 9th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $84.92.

Insider Activity at Northern Trust

In other news, insider Steven L. Fradkin sold 4,097 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $82.56, for a total transaction of $338,248.32. Following the completion of the sale, the insider now owns 46,078 shares in the company, valued at approximately $3,804,199.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Northern Trust news, insider Steven L. Fradkin sold 30,392 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $80.11, for a total transaction of $2,434,703.12. Following the completion of the transaction, the insider now owns 55,707 shares of the company’s stock, valued at $4,462,687.77. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Steven L. Fradkin sold 4,097 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $82.56, for a total value of $338,248.32. Following the completion of the sale, the insider now directly owns 46,078 shares in the company, valued at approximately $3,804,199.68. The disclosure for this sale can be found here. 0.64% of the stock is currently owned by insiders.

Northern Trust Price Performance

Shares of Northern Trust stock traded down $0.36 on Tuesday, hitting $84.66. 867,563 shares of the company were exchanged, compared to its average volume of 1,470,896. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.61. The company has a 50-day moving average price of $84.12 and a 200 day moving average price of $80.50. The stock has a market capitalization of $17.32 billion, a price-to-earnings ratio of 18.69, a price-to-earnings-growth ratio of 1.21 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.

Northern Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 7th will be given a dividend of $0.75 per share. The ex-dividend date is Friday, June 7th. This represents a $3.00 annualized dividend and a dividend yield of 3.54%. Northern Trust’s payout ratio is 66.23%.

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.