Public Employees Retirement System of Ohio Has $7.38 Million Stock Holdings in Northern Trust Co. (NASDAQ:NTRS)

Public Employees Retirement System of Ohio cut its stake in Northern Trust Co. (NASDAQ:NTRS - Free Report) by 7.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 71,973 shares of the asset manager's stock after selling 6,164 shares during the period. Public Employees Retirement System of Ohio's holdings in Northern Trust were worth $7,377,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Y.D. More Investments Ltd lifted its position 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 worth $26,000 after buying an additional 135 shares in the last quarter. Colonial Trust Co SC lifted its position 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 worth $27,000 after buying an additional 256 shares in the last quarter. Assetmark Inc. lifted its position in 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 buying an additional 317 shares in the last quarter. Coppell Advisory Solutions LLC bought a new stake in Northern Trust during the 4th quarter worth about $44,000. Finally, True Wealth Design LLC raised its holdings 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 period. 83.19% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

NTRS has been the topic of a number of recent analyst reports. Citigroup lowered their price target on Northern Trust from $110.00 to $105.00 and set a "neutral" rating on the stock in a research report on Monday, March 24th. Wall Street Zen lowered Northern Trust from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Royal Bank of Canada decreased their target price on Northern Trust from $115.00 to $105.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd. Evercore ISI decreased their target price on Northern Trust from $104.00 to $100.00 and set an "in-line" rating on the stock in a report on Wednesday, April 23rd. Finally, Morgan Stanley decreased their target price on Northern Trust from $136.00 to $132.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 2nd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $110.83.

Insider Buying and Selling at Northern Trust

In other Northern Trust news, EVP Clive Bellows sold 3,300 shares of the firm's 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 sale, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Teresa Parker sold 6,467 shares of the firm's stock in a transaction 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 transaction, the insider now directly 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 disclosure for this sale can be found here. Company insiders own 0.77% of the company's stock.

Northern Trust Stock Performance

Shares of NASDAQ:NTRS traded down $1.14 on Friday, reaching $106.18. 3,646,838 shares of the company's stock were exchanged, compared to its average volume of 1,299,625. The company has a fifty day moving average of $97.01 and a 200-day moving average of $103.28. Northern Trust Co. has a twelve month low of $79.68 and a twelve month high of $114.67. The company has a market capitalization of $20.66 billion, a price-to-earnings ratio of 10.86, 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 posted its quarterly earnings results on Tuesday, April 22nd. The asset manager reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.05. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.95 billion. Northern Trust had a net margin of 12.77% and a return on equity of 13.74%. On average, research analysts predict that Northern Trust Co. will post 8.27 EPS for the current fiscal year.

Northern Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 6th will be given a $0.75 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $3.00 dividend on an annualized basis and a yield of 2.83%. Northern Trust's dividend payout ratio is currently 27.99%.

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.