Northern Trust Co. (NASDAQ:NTRS) Stock Position Lowered by Barrow Hanley Mewhinney & Strauss LLC

Barrow Hanley Mewhinney & Strauss LLC reduced its stake in Northern Trust Co. (NASDAQ:NTRS - Free Report) by 1.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 223,189 shares of the asset manager's stock after selling 4,193 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned approximately 0.11% of Northern Trust worth $22,877,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. GTS Securities LLC boosted its stake in shares of Northern Trust by 291.2% in the fourth quarter. GTS Securities LLC now owns 3,948 shares of the asset manager's stock valued at $405,000 after purchasing an additional 6,013 shares during the period. City National Bank of Florida MSD purchased a new position in Northern Trust in the 4th quarter valued at about $315,000. Harmony Asset Management LLC acquired a new stake in shares of Northern Trust during the fourth quarter valued at about $236,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Northern Trust by 9.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,727,365 shares of the asset manager's stock worth $177,055,000 after acquiring an additional 150,274 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC purchased a new position in Northern Trust in the fourth quarter valued at about $727,000. 83.19% of the stock is currently owned by institutional investors and hedge funds.

Northern Trust Stock Performance

Shares of NASDAQ NTRS traded up $0.15 during mid-day trading on Thursday, hitting $106.91. The company had a trading volume of 605,842 shares, compared to its average volume of 1,290,283. Northern Trust Co. has a 12 month low of $79.68 and a 12 month high of $114.67. The stock has a market cap of $20.80 billion, a price-to-earnings ratio of 10.93, a PEG ratio of 1.72 and a beta of 1.18. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.71. The firm's 50 day simple moving average is $96.80 and its two-hundred day simple moving average is $103.28.

Northern Trust (NASDAQ:NTRS - Get Free Report) last posted its 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 company had revenue of $1.95 billion for the quarter, compared to analysts' expectations of $1.95 billion. As a group, equities research analysts forecast that Northern Trust Co. will post 8.27 earnings per share for the current year.

Northern Trust Announces Dividend

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

Analysts Set New Price Targets

A number of equities analysts have issued reports on NTRS shares. Truist Financial cut their target price on Northern Trust from $98.00 to $92.00 and set a "hold" rating on the stock in a research report on Wednesday, April 23rd. Wells Fargo & Company dropped their price target 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. Royal Bank of Canada decreased their price objective on shares of Northern Trust from $115.00 to $105.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. Wall Street Zen cut shares of Northern Trust from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Finally, Citigroup lowered their price objective on Northern Trust from $110.00 to $105.00 and set a "neutral" rating for the company in a report on Monday, March 24th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $110.83.

Insiders Place Their Bets

In other Northern Trust news, EVP Clive Bellows sold 3,300 shares of Northern Trust 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 sale, the executive vice president now owns 28,736 shares of the company's stock, valued at $2,872,163.20. The trade was a 10.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Teresa Parker sold 6,467 shares of the firm's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $100.62, for a total value of $650,709.54. Following the transaction, the insider now directly owns 79,391 shares in the company, valued at $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. 0.77% of the stock is owned by insiders.

Northern Trust Company 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.