Achmea Investment Management B.V. Has $11.35 Million Holdings in Northern Trust Corporation (NASDAQ:NTRS)

Achmea Investment Management B.V. lifted its holdings in Northern Trust Corporation (NASDAQ:NTRS - Free Report) by 1,299.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 115,024 shares of the asset manager's stock after purchasing an additional 106,806 shares during the quarter. Achmea Investment Management B.V. owned 0.06% of Northern Trust worth $11,348,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in NTRS. Colonial Trust Co SC grew its stake in Northern Trust by 6,400.0% in the fourth quarter. Colonial Trust Co SC now owns 260 shares of the asset manager's stock valued at $27,000 after purchasing an additional 256 shares in the last quarter. Continuum Advisory LLC raised its holdings in shares of Northern Trust by 5,340.0% in the 1st quarter. Continuum Advisory LLC now owns 272 shares of the asset manager's stock valued at $27,000 after purchasing an additional 267 shares during the period. Assetmark Inc. lifted its stake in Northern Trust by 528.3% in the 4th quarter. Assetmark Inc. now owns 377 shares of the asset manager's stock valued at $39,000 after purchasing an additional 317 shares during the last quarter. True Wealth Design LLC grew its holdings in Northern Trust by 84.0% during the fourth quarter. True Wealth Design LLC now owns 425 shares of the asset manager's stock worth $44,000 after purchasing an additional 194 shares during the period. Finally, Coppell Advisory Solutions LLC bought a new stake in Northern Trust in the fourth quarter valued at approximately $44,000. Institutional investors and hedge funds own 83.19% of the company's stock.

Insider Buying and Selling at Northern Trust

In related news, insider Teresa Parker sold 6,467 shares of the firm's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $100.62, for a total value of $650,709.54. Following the transaction, the insider owned 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 sale, the executive vice president owned 28,736 shares in the company, valued at $2,872,163.20. The trade was a 10.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,772 shares of company stock worth $981,069. 0.77% of the stock is currently owned by insiders.

Analysts Set New Price Targets

NTRS has been the topic of a number of recent analyst reports. Evercore ISI decreased their target price on Northern Trust from $104.00 to $100.00 and set an "in-line" rating on the stock in a report on Wednesday, April 23rd. Bank of America reduced their price objective on shares of Northern Trust from $123.00 to $121.00 and set a "buy" rating for the company in a research report on Wednesday, April 2nd. Truist Financial dropped their price objective on shares of Northern Trust from $98.00 to $92.00 and set a "hold" rating on the stock in a research report on Wednesday, April 23rd. Royal Bank Of Canada cut their target price on shares of Northern Trust from $115.00 to $105.00 and set an "outperform" rating for the company in a research note on Wednesday, April 23rd. Finally, Wells Fargo & Company decreased their price target on shares of Northern Trust from $118.00 to $111.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 23rd. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $108.42.

Northern Trust Stock Performance

NASDAQ NTRS traded up $2.38 during trading on Monday, reaching $126.79. The company's stock had a trading volume of 2,944,801 shares, compared to its average volume of 1,415,719. The firm has a 50 day moving average price of $105.23 and a 200 day moving average price of $103.69. Northern Trust Corporation has a 12 month low of $80.81 and a 12 month high of $127.18. The firm has a market capitalization of $24.67 billion, a price-to-earnings ratio of 11.83, a price-to-earnings-growth ratio of 1.88 and a beta of 1.22. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.57.

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 for the quarter, beating analysts' consensus estimates of $1.85 by $0.05. The company 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 13.93% and a return on equity of 13.73%. As a group, equities analysts anticipate that Northern Trust Corporation will post 8.27 EPS for the current fiscal year.

Northern Trust Dividend Announcement

The business also recently announced 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. The ex-dividend date is Friday, June 6th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.37%. Northern Trust's payout ratio is 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.