Mn Services Vermogensbeheer B.V. Trims Stake in Northern Trust Corporation (NASDAQ:NTRS)

Mn Services Vermogensbeheer B.V. lowered its stake in shares of Northern Trust Corporation (NASDAQ:NTRS - Free Report) by 7.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 75,298 shares of the asset manager's stock after selling 5,900 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Northern Trust were worth $7,428,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NTRS. Colonial Trust Co SC grew its holdings in shares of Northern Trust by 6,400.0% during the fourth quarter. Colonial Trust Co SC now owns 260 shares of the asset manager's stock valued at $27,000 after buying an additional 256 shares during the last quarter. Assetmark Inc. boosted its position in shares of Northern Trust by 528.3% during the fourth quarter. Assetmark Inc. now owns 377 shares of the asset manager's stock worth $39,000 after acquiring an additional 317 shares during the last quarter. Coppell Advisory Solutions LLC bought a new position in shares of Northern Trust during the 4th quarter valued at approximately $44,000. True Wealth Design LLC lifted its stake in shares of Northern Trust by 84.0% in the 4th quarter. True Wealth Design LLC now owns 425 shares of the asset manager's stock valued at $44,000 after purchasing an additional 194 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in shares of Northern Trust in the 4th quarter worth about $51,000. 83.19% of the stock is owned by hedge funds and other institutional investors.

Northern Trust Stock Up 1.2%

Northern Trust stock traded up $1.35 during trading hours on Wednesday, reaching $110.98. The stock had a trading volume of 2,392,133 shares, compared to its average volume of 1,308,808. The company has a market cap of $21.59 billion, a price-to-earnings ratio of 10.35, a PEG ratio of 1.66 and a beta of 1.22. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.71 and a quick ratio of 0.71. The business's 50 day moving average price is $100.60 and its 200-day moving average price is $103.17. Northern Trust Corporation has a 52 week low of $80.81 and a 52 week high of $114.67.

Northern Trust (NASDAQ:NTRS - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The asset manager reported $1.90 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.85 by $0.05. Northern Trust had a return on equity of 13.73% and a net margin of 13.93%. The business had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.95 billion. Sell-side analysts anticipate that Northern Trust Corporation will post 8.27 EPS for the current year.

Northern Trust Announces Dividend

The firm 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. This represents a $3.00 annualized dividend and a dividend yield of 2.70%. The ex-dividend date of this dividend is Friday, June 6th. Northern Trust's dividend payout ratio (DPR) is currently 27.99%.

Insider Buying and Selling at Northern Trust

In other news, insider Teresa Parker sold 6,467 shares of the stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $100.62, for a total transaction of $650,709.54. Following the sale, the insider now directly owns 79,391 shares of the company's stock, valued at $7,988,322.42. This represents a 7.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available 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 transaction, the executive vice president now owns 28,736 shares in the company, valued at $2,872,163.20. This trade represents a 10.30% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,772 shares of company stock valued at $981,069. 0.77% of the stock is owned by insiders.

Wall Street Analyst Weigh In

NTRS has been the subject of several research analyst reports. Wells Fargo & Company decreased their target price on Northern Trust from $118.00 to $111.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 23rd. Wall Street Zen lowered shares of Northern Trust from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Morgan Stanley reaffirmed an "underweight" rating and set a $103.00 price target (up previously from $101.00) on shares of Northern Trust in a research note on Tuesday, June 3rd. Royal Bank Of Canada decreased their price target 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, Bank of America decreased their target price on Northern Trust from $123.00 to $121.00 and set a "buy" rating for the company in a research report on Wednesday, April 2nd. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Northern Trust presently has a consensus rating of "Hold" and a consensus price target of $108.42.

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.