Man Group plc lifted its holdings in Northern Trust Co. (NASDAQ:NTRS - Free Report) by 79.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 113,365 shares of the asset manager's stock after purchasing an additional 50,317 shares during the period. Man Group plc owned about 0.06% of Northern Trust worth $11,620,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its stake in Northern Trust by 9.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,296,442 shares of the asset manager's stock valued at $386,809,000 after buying an additional 388,692 shares in the last quarter. Fifth Third Wealth Advisors LLC purchased a new position in shares of Northern Trust in the fourth quarter valued at approximately $213,000. Assenagon Asset Management S.A. lifted its position 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 valued at $404,000 after acquiring an additional 166 shares in the last quarter. Park Avenue Securities LLC purchased a new stake in shares of Northern Trust during the fourth quarter worth approximately $212,000. Finally, Ritholtz Wealth Management increased its position in shares of Northern Trust by 72.5% during the fourth quarter. Ritholtz Wealth Management now owns 9,348 shares of the asset manager's stock worth $958,000 after purchasing an additional 3,928 shares in the last quarter. Institutional investors and hedge funds own 83.19% of the company's stock.
Analyst Upgrades and Downgrades
NTRS has been the topic of several recent research reports. Royal Bank of Canada lowered their target price on shares of Northern Trust from $115.00 to $105.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 23rd. Wall Street Zen cut shares of Northern Trust from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Morgan Stanley decreased their target price on shares of Northern Trust from $136.00 to $132.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 2nd. Keefe, Bruyette & Woods boosted their target price on Northern Trust from $113.00 to $122.00 and gave the stock a "market perform" rating in a report on Friday, January 24th. Finally, Wells Fargo & Company cut their price target on 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 analyst has rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $110.83.
Check Out Our Latest Analysis on NTRS
Insider Buying and Selling
In other Northern Trust news, insider Teresa Parker sold 6,467 shares of the company's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $100.62, for a total transaction 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 represents a 7.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Clive Bellows sold 3,300 shares of the business's stock in a transaction 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 completion of the sale, the executive vice president now owns 28,736 shares in the company, valued at $2,872,163.20. This represents 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.
Northern Trust Trading Up 1.0%
Shares of Northern Trust stock traded up $1.06 during trading hours on Thursday, hitting $106.40. The company's stock had a trading volume of 1,997,435 shares, compared to its average volume of 1,279,976. The stock has a market cap of $20.70 billion, a price-to-earnings ratio of 10.88, a P/E/G ratio of 1.72 and a beta of 1.18. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.71 and a current ratio of 0.68. Northern Trust Co. has a twelve month low of $79.68 and a twelve month high of $114.67. The firm has a fifty day moving average of $96.00 and a 200-day moving average of $103.18.
Northern Trust (NASDAQ:NTRS - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The asset manager reported $1.90 EPS for the quarter, beating analysts' consensus estimates of $1.85 by $0.05. The company had revenue of $1.95 billion for the quarter, compared to analysts' expectations of $1.95 billion. Northern Trust had a net margin of 12.77% and a return on equity of 13.74%. Research analysts forecast that Northern Trust Co. will post 8.27 EPS for the current 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 issued a $0.75 dividend. The ex-dividend date is Friday, June 6th. This represents a $3.00 annualized dividend and a dividend yield of 2.82%. Northern Trust's dividend payout ratio is currently 27.99%.
About Northern Trust
(
Free Report)
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.
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