Woodline Partners LP Purchases Shares of 11,904 Northern Trust Co. (NASDAQ:NTRS)

Woodline Partners LP bought a new position in Northern Trust Co. (NASDAQ:NTRS - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 11,904 shares of the asset manager's stock, valued at approximately $1,220,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. iSAM Funds UK Ltd bought a new position in Northern Trust in the fourth quarter worth $571,000. Wimmer Associates 1 LLC grew its position in shares of Northern Trust by 3.9% in the 4th quarter. Wimmer Associates 1 LLC now owns 10,504 shares of the asset manager's stock worth $1,077,000 after buying an additional 395 shares during the period. Tidal Investments LLC increased its stake in shares of Northern Trust by 7.1% in the 4th quarter. Tidal Investments LLC now owns 8,542 shares of the asset manager's stock worth $876,000 after acquiring an additional 564 shares in the last quarter. True Wealth Design LLC lifted its position in Northern Trust by 84.0% during the 4th quarter. True Wealth Design LLC now owns 425 shares of the asset manager's stock valued at $44,000 after acquiring an additional 194 shares during the period. Finally, Toronto Dominion Bank boosted its stake in Northern Trust by 56.3% during the fourth quarter. Toronto Dominion Bank now owns 106,503 shares of the asset manager's stock worth $10,917,000 after acquiring an additional 38,358 shares in the last quarter. Hedge funds and other institutional investors own 83.19% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on NTRS shares. Wall Street Zen lowered shares of Northern Trust from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Bank of America cut their target price on Northern Trust from $123.00 to $121.00 and set a "buy" rating on the stock in a research note on Wednesday, April 2nd. Truist Financial lowered their price target on Northern Trust from $98.00 to $92.00 and set a "hold" rating for the company in a research report on Wednesday, April 23rd. Wells Fargo & Company reduced their price objective on shares of Northern Trust from $118.00 to $111.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 23rd. Finally, Citigroup reduced their price target on shares of Northern Trust from $110.00 to $105.00 and set a "neutral" rating for the company in a research report on Monday, March 24th. 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's stock. Based on data from MarketBeat.com, Northern Trust presently has an average rating of "Hold" and a consensus target price of $110.83.

Insider Buying and Selling

In related news, EVP Clive Bellows sold 3,300 shares of the business's stock in a transaction on 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 owns 28,736 shares in the company, valued at $2,872,163.20. The trade was a 10.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Teresa Parker sold 6,467 shares of the company's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $100.62, for a total transaction of $650,709.54. Following the completion of the transaction, the insider now owns 79,391 shares in the company, valued at approximately $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 currently owned by insiders.

Northern Trust Stock Performance

Shares of NTRS stock traded down $2.19 on Wednesday, reaching $106.76. The stock had a trading volume of 3,060,355 shares, compared to its average volume of 1,292,520. The stock has a market cap of $20.77 billion, a P/E ratio of 10.92, 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. The company has a 50 day simple moving average of $96.64 and a 200 day simple moving average of $103.26.

Northern Trust (NASDAQ:NTRS - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The asset manager reported $1.90 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $1.95 billion. Equities research analysts expect that Northern Trust Co. will post 8.27 EPS for the current year.

Northern Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 6th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 2.81%. The ex-dividend date of this dividend is Friday, June 6th. Northern Trust's dividend payout ratio is presently 27.99%.

Northern Trust 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.