Aviance Capital Partners LLC Has $724,000 Stock Position in Northern Trust Co. (NASDAQ:NTRS)

Aviance Capital Partners LLC increased its stake in shares of Northern Trust Co. (NASDAQ:NTRS) by 1.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 8,585 shares of the asset manager’s stock after acquiring an additional 150 shares during the period. Aviance Capital Partners LLC’s holdings in Northern Trust were worth $724,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Fortitude Family Office LLC bought a new stake in shares of Northern Trust in the 4th quarter valued at about $28,000. Quent Capital LLC lifted its stake in Northern Trust by 77.8% in the 4th quarter. Quent Capital LLC now owns 361 shares of the asset manager’s stock valued at $30,000 after purchasing an additional 158 shares during the last quarter. Allworth Financial LP lifted its holdings in Northern Trust by 94.1% during the 4th quarter. Allworth Financial LP now owns 359 shares of the asset manager’s stock valued at $30,000 after purchasing an additional 174 shares during the last quarter. Covestor Ltd grew its position in shares of Northern Trust by 147.5% in the third 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 last quarter. Finally, Bruce G. Allen Investments LLC acquired a new position in shares of Northern Trust in the fourth quarter valued at about $45,000. 83.19% of the stock is currently owned by institutional investors and hedge funds.

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

Northern Trust Trading Down 0.4 %

Shares of NTRS stock traded down $0.36 during trading hours on Tuesday, hitting $84.66. 867,563 shares of the company’s stock traded hands, 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. Northern Trust Co. has a 12 month low of $62.44 and a 12 month high of $89.25. The stock has a market cap of $17.32 billion, a PE ratio of 18.69, a price-to-earnings-growth ratio of 1.21 and a beta of 1.13. The stock’s 50 day simple moving average is $84.12 and its 200 day simple moving average is $80.50.

Northern Trust Announces Dividend

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

Analyst Ratings Changes

Several equities analysts have weighed in on the company. TheStreet raised Northern Trust from a “c+” rating to a “b-” rating in a report on Friday, January 12th. Royal Bank of Canada boosted their target price on shares of Northern Trust from $82.00 to $86.00 and gave the company an “outperform” rating in a research report on Friday, January 19th. Bank of America increased 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. Jefferies Financial Group raised their target price on Northern Trust from $101.00 to $103.00 and gave the company a “buy” rating in a report on Thursday, April 18th. Finally, Morgan Stanley reissued 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. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average 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.