Northern Trust Co. (NASDAQ:NTRS) Shares Purchased by Janus Henderson Group PLC

Janus Henderson Group PLC boosted its stake in 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 & Exchange Commission. The institutional investor owned 33,779 shares of the asset manager's stock after purchasing an additional 8,522 shares during the quarter. Janus Henderson Group PLC's holdings in Northern Trust were worth $3,462,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Y.D. More Investments Ltd grew its holdings in Northern Trust by 118.4% during the 4th quarter. Y.D. More Investments Ltd now owns 249 shares of the asset manager's stock valued at $26,000 after purchasing an additional 135 shares during the last quarter. Colonial Trust Co SC grew its holdings in Northern Trust by 6,400.0% during the 4th 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 during the last quarter. Empirical Asset Management LLC bought a new position in Northern Trust during the 4th quarter valued at about $33,000. Brooklyn Investment Group grew its holdings in Northern Trust by 51.2% during the 4th quarter. Brooklyn Investment Group now owns 378 shares of the asset manager's stock valued at $39,000 after purchasing an additional 128 shares during the last quarter. Finally, Assetmark Inc. grew its holdings in Northern Trust by 528.3% during 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. Hedge funds and other institutional investors own 83.19% of the company's stock.

Northern Trust Stock Down 0.6%

Shares of NTRS traded down $0.62 during mid-day trading on Friday, hitting $105.78. The company's stock had a trading volume of 1,159,565 shares, compared to its average volume of 1,284,909. The company's 50-day moving average is $96.31 and its 200-day moving average is $103.22. Northern Trust Co. has a 52-week low of $79.68 and a 52-week high of $114.67. The firm has a market capitalization of $20.58 billion, a price-to-earnings ratio of 10.82, a PEG ratio of 1.72 and a beta of 1.18. 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 announced its quarterly earnings results 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. Northern Trust had a net margin of 12.77% and a return on equity of 13.74%. The firm had revenue of $1.95 billion during the quarter, compared to analysts' expectations of $1.95 billion. On average, equities research analysts forecast that Northern Trust Co. will post 8.27 EPS for the current fiscal year.

Northern Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors 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 yield of 2.84%. Northern Trust's payout ratio is 27.99%.

Insider Activity at Northern Trust

In related news, insider Teresa Parker sold 6,467 shares of the stock in a transaction that occurred on Friday, May 9th. The shares were 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 of the company's stock, valued at $7,988,322.42. This represents a 7.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at 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 transaction 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 position. The disclosure for this sale can be found here. 0.77% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Morgan Stanley cut their price target on shares of Northern Trust from $136.00 to $132.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 2nd. Evercore ISI cut their price target on shares of Northern Trust from $104.00 to $100.00 and set an "in-line" rating on the stock in a report on Wednesday, April 23rd. Wall Street Zen downgraded shares of Northern Trust from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Wells Fargo & Company dropped their target price 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. Finally, Citigroup dropped their target price on shares of Northern Trust from $110.00 to $105.00 and set a "neutral" rating on the stock in a research note on Monday, March 24th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Northern Trust has an average rating of "Hold" and a consensus price target of $110.83.

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.