Nomura Holdings Inc. Makes New Investment in Northern Trust Co. (NASDAQ:NTRS)

Nomura Holdings Inc. acquired a new stake in shares of Northern Trust Co. (NASDAQ:NTRS - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 6,527 shares of the asset manager's stock, valued at approximately $669,000.

A number of other hedge funds also recently made changes to their positions in NTRS. JPMorgan Chase & Co. increased its stake in shares of Northern Trust by 9.9% in the third quarter. JPMorgan Chase & Co. now owns 4,296,442 shares of the asset manager's stock worth $386,809,000 after buying an additional 388,692 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Northern Trust by 4.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 3,939 shares of the asset manager's stock worth $404,000 after buying an additional 166 shares during the last quarter. Park Avenue Securities LLC bought a new stake in shares of Northern Trust in the fourth quarter worth $212,000. Merit Financial Group LLC bought a new stake in shares of Northern Trust in the fourth quarter worth $289,000. Finally, Aaron Wealth Advisors LLC bought a new stake in shares of Northern Trust in the fourth quarter worth $235,000. Hedge funds and other institutional investors own 83.19% of the company's stock.

Northern Trust Stock Performance

NASDAQ:NTRS traded down $0.62 during mid-day trading on Friday, hitting $105.78. The stock had a trading volume of 1,159,565 shares, compared to its average volume of 1,281,986. The stock has a market capitalization of $20.58 billion, a price-to-earnings ratio of 10.82, a P/E/G ratio of 1.72 and a beta of 1.18. The company has a 50 day simple moving average of $96.31 and a 200-day simple moving average of $103.25. Northern Trust Co. has a 52 week low of $79.68 and a 52 week 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.

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

Northern Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 6th will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 2.84%. The ex-dividend date is Friday, June 6th. Northern Trust's payout ratio is currently 27.99%.

Insider Buying and Selling

In related news, EVP Clive Bellows sold 3,300 shares of the company's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $99.95, for a total value of $329,835.00. Following the completion of the sale, the executive vice president now owns 28,736 shares of the company's stock, valued at $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 is available through the SEC website. Also, insider Teresa Parker sold 6,467 shares of the business'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 sale, the insider now owns 79,391 shares in the company, valued at approximately $7,988,322.42. This trade represents a 7.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.77% of the company's stock.

Analyst Ratings Changes

NTRS has been the subject of a number of research analyst reports. Evercore ISI dropped their price target on shares of Northern Trust from $104.00 to $100.00 and set an "in-line" rating for the company in a research note on Wednesday, April 23rd. 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. Wall Street Zen downgraded shares of Northern Trust from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. The Goldman Sachs Group lifted 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, Wells Fargo & Company decreased 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 report on Wednesday, April 23rd. 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 stock has an average rating of "Hold" and a consensus price target of $110.83.

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.