BNP Paribas Financial Markets Sells 15,721 Shares of Northern Trust Co. (NASDAQ:NTRS)

BNP Paribas Financial Markets lowered its holdings in Northern Trust Co. (NASDAQ:NTRS - Free Report) by 6.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 242,276 shares of the asset manager's stock after selling 15,721 shares during the period. BNP Paribas Financial Markets owned approximately 0.12% of Northern Trust worth $24,833,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of NTRS. Accredited Wealth Management LLC bought a new stake in shares of Northern Trust during the fourth quarter valued at about $53,000. Mercer Global Advisors Inc. ADV lifted its stake in Northern Trust by 16.9% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 6,183 shares of the asset manager's stock worth $634,000 after purchasing an additional 896 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec bought a new position in Northern Trust in the 4th quarter valued at $13,430,000. Freestone Grove Partners LP purchased a new position in shares of Northern Trust during the 4th quarter valued at $437,000. Finally, Comerica Bank increased its holdings in shares of Northern Trust by 12.0% in the fourth quarter. Comerica Bank now owns 40,848 shares of the asset manager's stock worth $4,187,000 after purchasing an additional 4,375 shares during the period. 83.19% of the stock is currently owned by hedge funds and other institutional investors.

Northern Trust Stock Up 0.2 %

NTRS stock traded up $0.17 during midday trading on Friday, hitting $100.59. The stock had a trading volume of 1,393,238 shares, compared to its average volume of 1,263,850. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.71. The firm has a market cap of $19.57 billion, a price-to-earnings ratio of 10.29, a price-to-earnings-growth ratio of 1.72 and a beta of 1.18. The business has a 50-day moving average of $94.99 and a two-hundred day moving average of $102.88. Northern Trust Co. has a 52-week low of $79.68 and a 52-week high of $114.67.

Northern Trust (NASDAQ:NTRS - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The asset manager reported $1.90 earnings per share (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 analyst estimates of $1.95 billion. As a group, equities research analysts forecast that Northern Trust Co. will post 8.27 earnings per share for the current fiscal year.

Northern Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 6th will be given a $0.75 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.98%. Northern Trust's dividend payout ratio is currently 27.99%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Truist Financial lowered their price target on Northern Trust from $98.00 to $92.00 and set a "hold" rating on the stock in a report on Wednesday, April 23rd. Keefe, Bruyette & Woods upped their target price on shares of Northern Trust from $113.00 to $122.00 and gave the stock a "market perform" rating in a research report on Friday, January 24th. StockNews.com cut Northern Trust from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. UBS Group boosted their target price 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, Morgan Stanley cut their price objective on shares of Northern Trust from $136.00 to $132.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 2nd. One 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 an average price target of $110.83.

Insider Buying and Selling

In other Northern Trust news, EVP Thomas A. South sold 3,804 shares of the business'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 sale, the executive vice president now directly owns 81,794 shares of the company's stock, valued at approximately $9,242,722. The trade was a 4.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.77% of the stock is currently owned by company 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.