Ensign Peak Advisors Inc trimmed its position in shares of Northern Trust Co. (NASDAQ:NTRS - Free Report) by 20.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 84,095 shares of the asset manager's stock after selling 21,744 shares during the period. Ensign Peak Advisors Inc's holdings in Northern Trust were worth $8,620,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. Ballentine Partners LLC grew its holdings in shares of Northern Trust by 4.4% during the 4th quarter. Ballentine Partners LLC now owns 2,483 shares of the asset manager's stock valued at $255,000 after acquiring an additional 105 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Northern Trust by 24.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 22,061 shares of the asset manager's stock valued at $2,286,000 after acquiring an additional 4,374 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Northern Trust by 9.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,296,442 shares of the asset manager's stock valued at $386,809,000 after acquiring an additional 388,692 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of Northern Trust during the 4th quarter valued at $7,437,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Northern Trust by 0.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,267,406 shares of the asset manager's stock valued at $129,909,000 after acquiring an additional 8,102 shares in the last quarter. 83.19% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity
In related news, insider Teresa Parker sold 6,467 shares of the stock in a transaction dated 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. This represents a 7.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Clive Bellows sold 3,300 shares of the stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $99.95, for a total transaction of $329,835.00. Following the completion of the transaction, the executive vice president now directly owns 28,736 shares of the company's stock, valued at $2,872,163.20. This trade represents a 10.30% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,571 shares of company stock valued at $1,410,397. Insiders own 0.77% of the company's stock.
Northern Trust Stock Performance
Shares of NTRS traded up $0.43 during trading hours on Friday, reaching $107.90. 1,429,726 shares of the company traded hands, compared to its average volume of 1,275,629. The stock's fifty day moving average is $95.23 and its 200 day moving average is $103.01. The stock has a market cap of $20.99 billion, a P/E ratio of 11.03, a price-to-earnings-growth ratio of 1.72 and a beta of 1.18. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.71 and a current ratio of 0.68. Northern Trust Co. has a 1-year low of $79.68 and a 1-year high of $114.67.
Northern Trust (NASDAQ:NTRS - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The asset manager reported $1.90 EPS for the quarter, beating analysts' consensus estimates of $1.85 by $0.05. The business had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.95 billion. Northern Trust had a net margin of 12.77% and a return on equity of 13.74%. Equities research analysts anticipate that Northern Trust Co. will post 8.27 earnings per share for the current fiscal year.
Northern Trust Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 6th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date of this dividend is Friday, June 6th. Northern Trust's dividend payout ratio is currently 27.99%.
Analyst Ratings Changes
Several equities analysts have recently commented on NTRS shares. UBS Group boosted their price target on shares of Northern Trust from $110.00 to $114.00 and gave the company a "neutral" rating in a report on Monday, January 27th. Morgan Stanley decreased 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 report on Wednesday, April 2nd. Citigroup decreased their price objective on shares of Northern Trust from $110.00 to $105.00 and set a "neutral" rating for the company in a report on Monday, March 24th. The Goldman Sachs Group upped their price objective on shares of Northern Trust from $92.00 to $102.00 and gave the stock a "sell" rating in a report on Friday, January 24th. Finally, Truist Financial decreased their price objective on shares of Northern Trust from $98.00 to $92.00 and set a "hold" rating for the company in a report on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $110.83.
Get Our Latest Analysis on NTRS
Northern Trust Profile
(
Free Report)
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.
Further Reading
Before you consider Northern Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Northern Trust wasn't on the list.
While Northern Trust currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
