Northern Trust Co. (NASDAQ:NTRS) Shares Acquired by Neo Ivy Capital Management

Neo Ivy Capital Management boosted its stake in Northern Trust Co. (NASDAQ:NTRS - Free Report) by 48.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,756 shares of the asset manager's stock after buying an additional 6,082 shares during the quarter. Neo Ivy Capital Management's holdings in Northern Trust were worth $1,922,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NTRS. Y.D. More Investments Ltd lifted its stake in Northern Trust by 118.4% in the 4th quarter. Y.D. More Investments Ltd now owns 249 shares of the asset manager's stock valued at $26,000 after buying an additional 135 shares in the last quarter. Colonial Trust Co SC raised its holdings in Northern Trust by 6,400.0% in the 4th quarter. Colonial Trust Co SC now owns 260 shares of the asset manager's stock valued at $27,000 after acquiring an additional 256 shares during the last quarter. Assetmark Inc. raised its holdings in Northern Trust by 528.3% in the 4th quarter. Assetmark Inc. now owns 377 shares of the asset manager's stock valued at $39,000 after acquiring an additional 317 shares during the last quarter. Coppell Advisory Solutions LLC acquired a new stake in Northern Trust in the 4th quarter valued at about $44,000. Finally, True Wealth Design LLC raised its holdings in 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 acquiring an additional 194 shares during the last quarter. 83.19% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NTRS has been the subject of a number of recent research reports. UBS Group increased their price objective on shares of Northern Trust from $110.00 to $114.00 and gave the company a "neutral" rating in a report on Monday, January 27th. Wall Street Zen downgraded shares of Northern Trust from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Wells Fargo & Company cut their price objective on shares of Northern Trust from $118.00 to $111.00 and set an "equal weight" rating for the company in a report on Wednesday, April 23rd. Truist Financial cut their price target on shares of Northern Trust from $98.00 to $92.00 and set a "hold" rating for the company in a report on Wednesday, April 23rd. Finally, Bank of America cut their price target on shares of Northern Trust from $123.00 to $121.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $110.83.

Insider Activity

In related 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 value of $329,835.00. Following the completion of the transaction, the executive vice president now directly owns 28,736 shares in the company, valued at approximately $2,872,163.20. This trade represents a 10.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Teresa Parker sold 6,467 shares of Northern Trust 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 completion of the transaction, the insider now owns 79,391 shares of the company's stock, valued at approximately $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. Insiders own 0.77% of the company's stock.

Northern Trust Trading Up 3.0%

Shares of NASDAQ NTRS traded up $3.18 during trading on Tuesday, reaching $108.96. The stock had a trading volume of 1,419,529 shares, compared to its average volume of 1,373,629. Northern Trust Co. has a fifty-two week low of $79.68 and a fifty-two week high of $114.67. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.71 and a current ratio of 0.68. The business's 50-day moving average price is $96.44 and its 200-day moving average price is $103.22. The company has a market cap of $21.20 billion, a P/E ratio of 11.14, a PEG ratio of 1.72 and a beta of 1.18.

Northern Trust (NASDAQ:NTRS - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The asset manager reported $1.90 earnings per share 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 business had revenue of $1.95 billion during the quarter, compared to analysts' expectations of $1.95 billion. On average, equities research analysts predict that Northern Trust Co. will post 8.27 EPS for the current fiscal year.

Northern Trust Dividend Announcement

The company 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. The ex-dividend date is Friday, June 6th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.75%. Northern Trust's payout ratio is presently 27.99%.

Northern Trust 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.