Janus Henderson Group PLC Has $3.46 Million Stock Holdings in Northern Trust Co. (NASDAQ:NTRS)

Janus Henderson Group PLC lifted its holdings in shares of Northern Trust Co. (NASDAQ:NTRS - Free Report) by 33.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,779 shares of the asset manager's stock after purchasing an additional 8,522 shares during the period. Janus Henderson Group PLC's holdings in Northern Trust were worth $3,462,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ballentine Partners LLC boosted its position in shares of Northern Trust by 4.4% during the 4th quarter. Ballentine Partners LLC now owns 2,483 shares of the asset manager's stock valued at $255,000 after purchasing an additional 105 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Northern Trust by 24.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 22,061 shares of the asset manager's stock valued at $2,286,000 after purchasing an additional 4,374 shares in the last quarter. JPMorgan Chase & Co. boosted its position 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 purchasing an additional 388,692 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Northern Trust during the 4th quarter valued at about $7,437,000. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Northern Trust by 0.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,267,406 shares of the asset manager's stock valued at $129,909,000 after purchasing an additional 8,102 shares in the last quarter. Institutional investors own 83.19% of the company's stock.

Northern Trust Stock Performance

Shares of Northern Trust stock opened at $107.99 on Tuesday. The company has a market cap of $21.01 billion, a PE ratio of 11.04, a price-to-earnings-growth ratio of 1.72 and a beta of 1.18. Northern Trust Co. has a 52 week low of $79.68 and a 52 week high of $114.67. The business has a 50 day moving average price of $95.63 and a 200-day moving average price of $103.14. The company has a quick ratio of 0.71, a current ratio of 0.68 and a debt-to-equity ratio of 0.58.

Northern Trust (NASDAQ:NTRS - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The asset manager reported $1.90 EPS for the quarter, topping the consensus estimate of $1.85 by $0.05. The firm had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.95 billion. Northern Trust had a return on equity of 13.74% and a net margin of 12.77%. Equities analysts anticipate 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. Stockholders of record on Friday, June 6th will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 2.78%. The ex-dividend date is Friday, June 6th. Northern Trust's dividend payout ratio (DPR) is presently 27.99%.

Analysts Set New Price Targets

NTRS has been the topic of several research analyst reports. Citigroup cut their target price on Northern Trust from $110.00 to $105.00 and set a "neutral" rating on the stock in a research report on Monday, March 24th. 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 cut their price target on Northern Trust from $118.00 to $111.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 23rd. UBS Group increased their price target on Northern Trust from $110.00 to $114.00 and gave the stock a "neutral" rating in a report on Monday, January 27th. Finally, StockNews.com lowered Northern Trust from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $110.83.

Insider Transactions at Northern Trust

In related news, EVP Thomas A. South sold 3,804 shares of the stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $113.00, for a total transaction of $429,852.00. Following the completion of the sale, the executive vice president now directly owns 81,794 shares of the company's stock, valued at approximately $9,242,722. This trade represents a 4.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Clive Bellows sold 3,300 shares of the stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $99.95, for a total value of $329,835.00. Following the sale, the executive vice president now directly owns 28,736 shares of the company's stock, 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. Insiders sold a total of 13,571 shares of company stock valued at $1,410,397 over the last ninety days. 0.77% of the stock is currently 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.

Want to see what other hedge funds are holding NTRS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Northern Trust Co. (NASDAQ:NTRS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.