Fairview Capital Investment Management LLC Has $2.98 Million Stock Holdings in Northern Trust Co. (NASDAQ:NTRS)

Fairview Capital Investment Management LLC trimmed its stake in shares of Northern Trust Co. (NASDAQ:NTRS - Free Report) by 13.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,060 shares of the asset manager's stock after selling 4,435 shares during the quarter. Fairview Capital Investment Management LLC's holdings in Northern Trust were worth $2,979,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Norges Bank purchased a new position in Northern Trust in the 4th quarter valued at about $83,550,000. KBC Group NV increased its stake in shares of Northern Trust by 201.6% during the 4th quarter. KBC Group NV now owns 963,811 shares of the asset manager's stock valued at $98,791,000 after acquiring an additional 644,261 shares during the last quarter. Cerity Partners LLC increased its stake in shares of Northern Trust by 451.9% during the 4th quarter. Cerity Partners LLC now owns 555,631 shares of the asset manager's stock valued at $56,866,000 after acquiring an additional 454,956 shares during the last quarter. ExodusPoint Capital Management LP acquired a new position in shares of Northern Trust during the 4th quarter valued at about $42,715,000. Finally, JPMorgan Chase & Co. increased its stake 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 during the last quarter. 83.19% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently commented on NTRS. The Goldman Sachs Group upped their price objective on shares of Northern Trust from $92.00 to $102.00 and gave the company a "sell" rating in a research note on Friday, January 24th. Keefe, Bruyette & Woods increased 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. Wells Fargo & Company dropped their target price on shares of Northern Trust from $118.00 to $111.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 23rd. Evercore ISI dropped their target price on shares of Northern Trust from $104.00 to $100.00 and set an "in-line" rating for the company in a research report on Wednesday, April 23rd. Finally, UBS Group increased their target price on shares of Northern Trust from $110.00 to $114.00 and gave the stock a "neutral" rating in a research report on Monday, January 27th. One 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. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $110.83.

Insider Transactions at Northern Trust

In related news, EVP Thomas A. South sold 3,804 shares of the company'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 completion of the transaction, the executive vice president now directly owns 81,794 shares in the company, valued at approximately $9,242,722. This represents a 4.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.77% of the company's stock.

Northern Trust Stock Up 0.2%

Shares of Northern Trust stock traded up $0.17 during trading on Friday, hitting $100.59. 1,393,238 shares of the stock traded hands, compared to its average volume of 1,263,850. The stock has a market cap of $19.57 billion, a P/E ratio of 10.29, a PEG 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 twelve month low of $79.68 and a twelve month high of $114.67. The company has a fifty day moving average price of $94.99 and a two-hundred day moving average price of $102.88.

Northern Trust (NASDAQ:NTRS - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The asset manager reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.85 by $0.05. Northern Trust had a return on equity of 13.74% and a net margin of 12.77%. The business had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.95 billion. Equities research analysts predict that Northern Trust Co. will post 8.27 EPS for the current fiscal year.

Northern Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 6th will be issued a dividend of $0.75 per share. 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 (DPR) is presently 27.99%.

About Northern Trust

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.