MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Raises Stock Position in Northern Trust Co. (NASDAQ:NTRS)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Northern Trust Co. (NASDAQ:NTRS - Free Report) by 257.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 72,598 shares of the asset manager's stock after purchasing an additional 52,280 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Northern Trust were worth $7,441,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in NTRS. Y.D. More Investments Ltd boosted its stake in shares of Northern Trust by 118.4% during the 4th quarter. Y.D. More Investments Ltd now owns 249 shares of the asset manager's stock worth $26,000 after purchasing an additional 135 shares during the period. Colonial Trust Co SC boosted its stake in shares of Northern Trust by 6,400.0% during the 4th quarter. Colonial Trust Co SC now owns 260 shares of the asset manager's stock worth $27,000 after purchasing an additional 256 shares during the period. Empirical Asset Management LLC purchased a new position in shares of Northern Trust during the 4th quarter worth about $33,000. Brooklyn Investment Group boosted its stake in shares of Northern Trust by 51.2% during the 4th quarter. Brooklyn Investment Group now owns 378 shares of the asset manager's stock worth $39,000 after purchasing an additional 128 shares during the period. Finally, Assetmark Inc. boosted its stake in shares of Northern Trust by 528.3% during the 4th quarter. Assetmark Inc. now owns 377 shares of the asset manager's stock worth $39,000 after purchasing an additional 317 shares during the period. 83.19% of the stock is owned by hedge funds and other institutional investors.

Northern Trust Stock Down 0.6%

Shares of NASDAQ:NTRS traded down $0.62 during trading hours on Friday, hitting $105.78. The company's stock had a trading volume of 1,159,565 shares, compared to its average volume of 1,281,986. Northern Trust Co. has a 52 week low of $79.68 and a 52 week high of $114.67. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.71. The company has a market capitalization of $20.58 billion, a price-to-earnings ratio of 10.82, a P/E/G ratio of 1.72 and a beta of 1.18. The firm's fifty day moving average price is $96.31 and its 200 day moving average price is $103.25.

Northern Trust (NASDAQ:NTRS - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The asset manager reported $1.90 EPS for the quarter, beating 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 business had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.95 billion. As a group, research analysts expect that Northern Trust Co. will post 8.27 EPS for the current year.

Northern Trust Announces Dividend

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 given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date of this dividend is Friday, June 6th. Northern Trust's payout ratio is currently 27.99%.

Insider Transactions at Northern Trust

In other news, insider Teresa Parker sold 6,467 shares of Northern Trust stock in a transaction that occurred 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 transaction, the insider now owns 79,391 shares of the company's stock, valued at $7,988,322.42. The trade was a 7.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Clive Bellows sold 3,300 shares of Northern Trust stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $99.95, for a total transaction 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. The trade was a 10.30% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.77% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on NTRS. Morgan Stanley decreased their price objective on shares of Northern Trust from $136.00 to $132.00 and set an "equal weight" rating for the company in a report on Wednesday, April 2nd. Keefe, Bruyette & Woods lifted their price objective on shares of Northern Trust from $113.00 to $122.00 and gave the company a "market perform" rating in a report on Friday, January 24th. Wall Street Zen lowered shares of Northern Trust from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. The Goldman Sachs Group lifted their price objective on shares of Northern Trust from $92.00 to $102.00 and gave the company a "sell" rating in a report on Friday, January 24th. Finally, UBS Group lifted 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. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Northern Trust presently has an average rating of "Hold" and an average 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.