Northern Trust Corporation (NASDAQ:NTRS) Shares Acquired by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. boosted its holdings in shares of Northern Trust Corporation (NASDAQ:NTRS - Free Report) by 8.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 84,974 shares of the asset manager's stock after purchasing an additional 6,570 shares during the period. Asset Management One Co. Ltd.'s holdings in Northern Trust were worth $8,383,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in NTRS. Oppenheimer & Co. Inc. lifted its position in shares of Northern Trust by 9.4% during the 1st quarter. Oppenheimer & Co. Inc. now owns 4,443 shares of the asset manager's stock valued at $438,000 after acquiring an additional 380 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in shares of Northern Trust by 4,790.3% during the first quarter. Oppenheimer Asset Management Inc. now owns 113,503 shares of the asset manager's stock valued at $11,197,000 after purchasing an additional 111,182 shares during the last quarter. Continuum Advisory LLC lifted its holdings in shares of Northern Trust by 5,340.0% during the first quarter. Continuum Advisory LLC now owns 272 shares of the asset manager's stock valued at $27,000 after purchasing an additional 267 shares during the last quarter. Stiles Financial Services Inc lifted its holdings in shares of Northern Trust by 27.2% during the first quarter. Stiles Financial Services Inc now owns 17,235 shares of the asset manager's stock valued at $1,701,000 after purchasing an additional 3,686 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its stake in Northern Trust by 9.1% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 16,317 shares of the asset manager's stock valued at $1,610,000 after buying an additional 1,358 shares in the last quarter. 83.19% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NTRS has been the subject of a number of analyst reports. Morgan Stanley reaffirmed an "underweight" rating and set a $103.00 price objective (up from $101.00) on shares of Northern Trust in a research note on Tuesday, June 3rd. Royal Bank Of Canada reduced 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 report on Wednesday, April 23rd. Truist Financial reduced their target price on Northern Trust from $98.00 to $92.00 and set a "hold" rating for the company in a report on Wednesday, April 23rd. Wells Fargo & Company reduced their target price on Northern Trust from $118.00 to $111.00 and set an "equal weight" rating for the company in a report on Wednesday, April 23rd. Finally, Evercore ISI decreased their price objective on Northern Trust from $104.00 to $100.00 and set an "in-line" rating for the company in a research report on Wednesday, April 23rd. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $108.42.

Insider Activity

In related news, insider Teresa Parker sold 6,467 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $100.62, for a total value of $650,709.54. Following the transaction, the insider now directly 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 completion of the transaction, the executive vice president now directly owns 28,736 shares in the company, valued at $2,872,163.20. The trade was a 10.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,772 shares of company stock worth $981,069. 0.77% of the stock is owned by corporate insiders.

Northern Trust Stock Up 1.2%

NTRS opened at $124.41 on Friday. Northern Trust Corporation has a fifty-two week low of $80.81 and a fifty-two week high of $124.52. The business has a 50-day moving average of $105.23 and a 200-day moving average of $103.71. 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 company has a market capitalization of $24.20 billion, a PE ratio of 11.61, a price-to-earnings-growth ratio of 1.86 and a beta of 1.22.

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 the consensus estimate of $1.85 by $0.05. The firm 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%. Equities research analysts forecast that Northern Trust Corporation will post 8.27 EPS for the current fiscal year.

Northern Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 6th will be issued a dividend of $0.75 per share. The ex-dividend date is Friday, June 6th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.41%. Northern Trust's dividend payout ratio is currently 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.

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