ProShare Advisors LLC Grows Stock Holdings in Northern Trust Co. (NASDAQ:NTRS)

ProShare Advisors LLC grew its holdings in Northern Trust Co. (NASDAQ:NTRS - Free Report) by 9.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,212 shares of the asset manager's stock after purchasing an additional 4,926 shares during the quarter. ProShare Advisors LLC's holdings in Northern Trust were worth $5,864,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Y.D. More Investments Ltd lifted its stake in Northern Trust by 118.4% in 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 in the last quarter. Colonial Trust Co SC lifted its stake in Northern Trust by 6,400.0% in 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 in the last quarter. Empirical Asset Management LLC purchased a new position in Northern Trust in the 4th quarter worth approximately $33,000. Brooklyn Investment Group lifted its stake in Northern Trust by 51.2% in 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 in the last quarter. Finally, Assetmark Inc. increased its holdings 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 buying an additional 317 shares during the last quarter. 83.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NTRS has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods raised their price target on shares of Northern Trust from $113.00 to $122.00 and gave the stock a "market perform" rating in a report on Friday, January 24th. Truist Financial cut their price target on shares of Northern Trust from $98.00 to $92.00 and set a "hold" rating for the company in a report on Wednesday, April 23rd. Morgan Stanley cut their price target 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. Evercore ISI cut their price target on shares of Northern Trust from $104.00 to $100.00 and set an "in-line" rating for the company in a report on Wednesday, April 23rd. Finally, Citigroup cut their price target on shares of Northern Trust from $110.00 to $105.00 and set a "neutral" rating for the company in a report on Monday, March 24th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Northern Trust has a consensus rating of "Hold" and a consensus price target of $110.83.

Insider Activity at Northern Trust

In other Northern Trust news, insider Teresa Parker sold 6,467 shares of the firm'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 value of $650,709.54. Following the completion of the transaction, the insider now owns 79,391 shares of the company's stock, valued at $7,988,322.42. This trade represents a 7.53% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at 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 transaction of $329,835.00. Following the completion of the transaction, the executive vice president now directly 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 disclosure for this sale can be found here. 0.77% of the stock is owned by insiders.

Northern Trust Trading Down 0.6%

Northern Trust stock traded down $0.62 during trading on Friday, hitting $105.78. The company had a trading volume of 1,159,565 shares, compared to its average volume of 1,284,909. Northern Trust Co. has a 1-year low of $79.68 and a 1-year high of $114.67. The company has a current ratio of 0.68, a quick ratio of 0.71 and a debt-to-equity ratio of 0.58. The company's 50 day simple moving average is $96.31 and its 200-day simple moving average is $103.23. The stock has a market cap of $20.58 billion, a price-to-earnings ratio of 10.82, a price-to-earnings-growth ratio of 1.72 and a beta of 1.18.

Northern Trust (NASDAQ:NTRS - Get Free Report) last posted its earnings results 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. Northern Trust had a net margin of 12.77% and a return on equity of 13.74%. The firm had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.95 billion. As a group, analysts expect 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. Investors of record on Friday, June 6th will be issued a $0.75 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $3.00 annualized dividend and a yield of 2.84%. Northern Trust's dividend payout ratio (DPR) is presently 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.