Mufg Securities Americas Inc. Makes New $337,000 Investment in Northern Trust Co. (NASDAQ:NTRS)

Mufg Securities Americas Inc. bought a new stake in Northern Trust Co. (NASDAQ:NTRS - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 3,284 shares of the asset manager's stock, valued at approximately $337,000.

A number of other hedge funds also recently bought and sold shares of NTRS. Y.D. More Investments Ltd lifted its holdings in Northern Trust by 118.4% in the fourth quarter. Y.D. More Investments Ltd now owns 249 shares of the asset manager's stock valued at $26,000 after acquiring an additional 135 shares during the last quarter. Colonial Trust Co SC raised its position in Northern Trust by 6,400.0% in the fourth quarter. Colonial Trust Co SC now owns 260 shares of the asset manager's stock valued at $27,000 after purchasing an additional 256 shares during the period. Assetmark Inc. lifted its stake in shares of Northern Trust by 528.3% in the 4th quarter. Assetmark Inc. now owns 377 shares of the asset manager's stock valued at $39,000 after purchasing an additional 317 shares during the last quarter. Brooklyn Investment Group grew its holdings in shares of Northern Trust by 51.2% during the 4th quarter. Brooklyn Investment Group now owns 378 shares of the asset manager's stock worth $39,000 after purchasing an additional 128 shares during the period. Finally, Coppell Advisory Solutions LLC acquired a new stake in shares of Northern Trust during the 4th quarter worth about $44,000. Institutional investors and hedge funds own 83.19% of the company's stock.

Analysts Set New Price Targets

NTRS has been the subject of a number of recent analyst reports. Royal Bank of Canada dropped their price target on shares of Northern Trust from $115.00 to $105.00 and set an "outperform" rating for the company in a research report on Wednesday, April 23rd. Citigroup dropped their price objective on Northern Trust from $110.00 to $105.00 and set a "neutral" rating for the company in a research note on Monday, March 24th. Evercore ISI lowered their target price on Northern Trust from $104.00 to $100.00 and set an "in-line" rating for the company in a report on Wednesday, April 23rd. Truist Financial lowered their target price on Northern Trust from $98.00 to $92.00 and set a "hold" rating for the company in a report on Wednesday, April 23rd. Finally, Wall Street Zen cut Northern Trust from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $110.83.

Northern Trust Stock Performance

Shares of Northern Trust stock traded up $0.88 during trading hours on Thursday, hitting $106.22. 736,736 shares of the company were exchanged, compared to its average volume of 1,275,311. The business has a 50-day moving average of $96.00 and a 200-day moving average of $103.18. Northern Trust Co. has a 1 year low of $79.68 and a 1 year high of $114.67. 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 capitalization of $20.66 billion, a price-to-earnings ratio of 10.85, a P/E/G ratio of 1.72 and a beta of 1.18.

Northern Trust (NASDAQ:NTRS - Get Free Report) last released its earnings results on Tuesday, April 22nd. The asset manager reported $1.90 EPS for the quarter, topping the consensus estimate of $1.85 by $0.05. Northern Trust had a net margin of 12.77% and a return on equity of 13.74%. The company had revenue of $1.95 billion during the quarter, compared to analysts' expectations of $1.95 billion. As a group, analysts expect that Northern Trust Co. will post 8.27 EPS for the current fiscal year.

Northern Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 6th will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 2.82%. The ex-dividend date is Friday, June 6th. Northern Trust's dividend payout ratio (DPR) is 27.99%.

Insider Buying and Selling at Northern Trust

In related news, EVP Clive Bellows sold 3,300 shares of the company's stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $99.95, for a total value of $329,835.00. Following the completion of the transaction, the executive vice president now directly owns 28,736 shares in the company, valued at approximately $2,872,163.20. This represents a 10.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Teresa Parker sold 6,467 shares of the company's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $100.62, for a total value of $650,709.54. Following the completion of the transaction, the insider now owns 79,391 shares of the company's stock, valued at $7,988,322.42. The trade was a 7.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.77% of the stock is owned by corporate insiders.

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.