Northern Trust Corporation (NASDAQ:NTRS) Shares Sold by Financiere des Professionnels Fonds d investissement inc.

Financiere des Professionnels Fonds d investissement inc. lowered its stake in Northern Trust Corporation (NASDAQ:NTRS - Free Report) by 4.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 81,309 shares of the asset manager's stock after selling 3,376 shares during the period. Financiere des Professionnels Fonds d investissement inc.'s holdings in Northern Trust were worth $8,021,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in NTRS. Bank of New York Mellon Corp increased its stake in shares of Northern Trust by 47.8% in the first quarter. Bank of New York Mellon Corp now owns 1,810,816 shares of the asset manager's stock worth $178,637,000 after acquiring an additional 585,992 shares during the period. Wayfinding Financial LLC acquired a new stake in shares of Northern Trust in the first quarter valued at about $35,000. IFM Investors Pty Ltd grew its position in shares of Northern Trust by 8.7% in the first quarter. IFM Investors Pty Ltd now owns 47,938 shares of the asset manager's stock valued at $4,316,000 after purchasing an additional 3,834 shares during the period. OneDigital Investment Advisors LLC grew its position in shares of Northern Trust by 58.3% in the first quarter. OneDigital Investment Advisors LLC now owns 3,102 shares of the asset manager's stock valued at $306,000 after purchasing an additional 1,142 shares during the period. Finally, Calamos Advisors LLC lifted its stake in shares of Northern Trust by 1.1% in the first quarter. Calamos Advisors LLC now owns 79,109 shares of the asset manager's stock worth $7,804,000 after buying an additional 881 shares in the last quarter. Hedge funds and other institutional investors own 83.19% of the company's stock.

Wall Street Analyst Weigh In

NTRS has been the topic of several research reports. Royal Bank Of Canada set a $123.00 price target on shares of Northern Trust and gave the stock an "outperform" rating in a research note on Monday, June 30th. Wells Fargo & Company dropped their target price 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. Morgan Stanley lifted their price objective on shares of Northern Trust from $103.00 to $106.00 and gave the stock an "underweight" rating in a research report on Tuesday, July 1st. Truist Financial boosted their price target on shares of Northern Trust from $116.00 to $126.00 and gave the company a "hold" rating in a research report on Thursday, July 3rd. Finally, Bank of America reduced their price target on shares of 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 equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $114.67.

Insider Transactions at Northern Trust

In other news, 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 sale, the executive vice president directly owned 28,736 shares in the company, valued at $2,872,163.20. This represents a 10.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Teresa Parker sold 6,467 shares of the company's stock in a transaction that occurred 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 directly owned 79,391 shares in the company, 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. In the last three months, insiders have sold 9,772 shares of company stock worth $981,069. 0.77% of the stock is owned by insiders.

Northern Trust Stock Performance

NASDAQ NTRS traded down $2.54 during trading on Tuesday, reaching $125.96. The company's stock had a trading volume of 1,726,684 shares, compared to its average volume of 1,438,478. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.71 and a current ratio of 0.71. The firm has a market cap of $24.50 billion, a price-to-earnings ratio of 11.75, a P/E/G ratio of 1.92 and a beta of 1.26. Northern Trust Corporation has a twelve month low of $80.81 and a twelve month high of $133.00. The business's fifty day moving average price is $109.94 and its 200-day moving average price is $104.81.

Northern Trust (NASDAQ:NTRS - Get Free Report) last posted its quarterly earnings data 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 analyst estimates of $1.95 billion. Northern Trust had a net margin of 13.93% and a return on equity of 13.73%. As a group, analysts anticipate that Northern Trust Corporation will post 8.27 EPS for the current fiscal year.

Northern Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Friday, June 6th were paid a dividend of $0.75 per share. The ex-dividend date was Friday, June 6th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.38%. Northern Trust's dividend payout ratio (DPR) is 27.99%.

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.