Boston Trust Walden Corp cut its holdings in shares of Northern Trust Corporation (NASDAQ:NTRS - Free Report) by 7.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 863,619 shares of the asset manager's stock after selling 65,235 shares during the quarter. Boston Trust Walden Corp owned 0.44% of Northern Trust worth $85,196,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of NTRS. Ellevest Inc. boosted its position in Northern Trust by 3.4% in the 4th quarter. Ellevest Inc. now owns 3,410 shares of the asset manager's stock worth $350,000 after purchasing an additional 113 shares in the last quarter. Bradley Foster & Sargent Inc. CT boosted its holdings in Northern Trust by 2.4% during the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 4,774 shares of the asset manager's stock worth $489,000 after buying an additional 114 shares in the last quarter. Moors & Cabot Inc. boosted its holdings in Northern Trust by 4.0% during the fourth quarter. Moors & Cabot Inc. now owns 3,560 shares of the asset manager's stock worth $365,000 after buying an additional 137 shares in the last quarter. Steward Partners Investment Advisory LLC grew its position in Northern Trust by 29.8% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 597 shares of the asset manager's stock valued at $61,000 after buying an additional 137 shares during the period. Finally, Fifth Third Bancorp increased its holdings in Northern Trust by 1.7% in the first quarter. Fifth Third Bancorp now owns 10,876 shares of the asset manager's stock valued at $1,073,000 after buying an additional 179 shares in the last quarter. 83.19% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
NTRS has been the subject of several recent analyst reports. Citigroup cut their price target on Northern Trust from $110.00 to $105.00 and set a "neutral" rating for the company in a research note on Monday, March 24th. 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 research note on Wednesday, April 23rd. Royal Bank Of Canada dropped their price target on shares of Northern Trust from $115.00 to $105.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 23rd. Wall Street Zen lowered shares of Northern Trust from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Finally, Wells Fargo & Company decreased their price objective on shares of Northern Trust from $118.00 to $111.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 23rd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $108.42.
View Our Latest Analysis on NTRS
Insiders Place Their Bets
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 completion of the sale, the executive vice president now owns 28,736 shares of the company's stock, valued at $2,872,163.20. This represents a 10.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, 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 transaction of $650,709.54. Following the sale, the insider now owns 79,391 shares of the company's stock, valued at $7,988,322.42. This represents a 7.53% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,772 shares of company stock valued at $981,069. Insiders own 0.77% of the company's stock.
Northern Trust Price Performance
Shares of Northern Trust stock traded up $1.35 during trading hours on Thursday, reaching $110.98. 2,392,133 shares of the company's stock were exchanged, compared to its average volume of 1,308,808. The business has a fifty day moving average of $100.95 and a two-hundred day moving average of $103.23. The company has a market capitalization of $21.59 billion, a P/E ratio of 10.35, a price-to-earnings-growth ratio of 1.66 and a beta of 1.22. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.57. Northern Trust Corporation has a 1 year low of $80.81 and a 1 year high of $114.67.
Northern Trust (NASDAQ:NTRS - Get Free Report) last released 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 during the quarter, compared to the consensus estimate of $1.95 billion. Northern Trust had a net margin of 13.93% and a return on equity of 13.73%. As a group, research analysts predict that Northern Trust Corporation will post 8.27 earnings per share for the current fiscal year.
Northern Trust Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 6th will be given 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 yield of 2.70%. Northern Trust's payout ratio is 27.99%.
Northern Trust Profile
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Free Report)
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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