Robeco Institutional Asset Management B.V. Buys 137,825 Shares of Northern Trust Corporation (NASDAQ:NTRS)

Robeco Institutional Asset Management B.V. boosted its holdings in Northern Trust Corporation (NASDAQ:NTRS - Free Report) by 20.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 816,286 shares of the asset manager's stock after buying an additional 137,825 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.42% of Northern Trust worth $80,527,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Colonial Trust Co SC boosted its holdings 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 valued at $27,000 after purchasing an additional 256 shares during the period. Continuum Advisory LLC lifted its stake in shares of Northern Trust by 5,340.0% in the first quarter. Continuum Advisory LLC now owns 272 shares of the asset manager's stock valued at $27,000 after buying an additional 267 shares during the period. Assetmark Inc. grew its position in Northern Trust by 528.3% during the fourth 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 position in Northern Trust during the fourth quarter valued at about $44,000. Finally, True Wealth Design LLC increased its stake in Northern Trust by 84.0% during the fourth quarter. True Wealth Design LLC now owns 425 shares of the asset manager's stock valued at $44,000 after acquiring an additional 194 shares during the period. 83.19% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Teresa Parker sold 6,467 shares of the firm's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $100.62, for a total value of $650,709.54. Following the completion of the sale, the insider now directly owns 79,391 shares in the company, 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 Northern Trust stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $99.95, for a total transaction of $329,835.00. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,772 shares of company stock valued at $981,069 over the last 90 days. Company insiders own 0.77% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on NTRS. Truist Financial lowered their target price on shares of Northern Trust from $98.00 to $92.00 and set a "hold" rating on the stock in a research note on Wednesday, April 23rd. Morgan Stanley reiterated an "underweight" rating and issued a $103.00 price objective (up from $101.00) on shares of Northern Trust in a research note on Tuesday, June 3rd. Citigroup dropped their target price on Northern Trust from $110.00 to $105.00 and set a "neutral" rating for the company in a report on Monday, March 24th. Wells Fargo & Company decreased their price target on Northern Trust from $118.00 to $111.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 23rd. Finally, Royal Bank Of Canada dropped their price objective on Northern Trust from $115.00 to $105.00 and set an "outperform" rating for the company in a research note on Wednesday, April 23rd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $108.42.

Northern Trust Price Performance

Shares of NTRS traded up $1.44 during midday trading on Friday, hitting $124.41. The company's stock had a trading volume of 2,358,544 shares, compared to its average volume of 1,406,748. 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 one year low of $80.81 and a one year high of $124.80. The stock has a market capitalization of $24.20 billion, a price-to-earnings ratio of 11.61, a price-to-earnings-growth ratio of 1.87 and a beta of 1.22. The company's fifty day simple moving average is $104.51 and its two-hundred day simple moving average is $103.60.

Northern Trust (NASDAQ:NTRS - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The asset manager reported $1.90 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 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, equities analysts expect that Northern Trust Corporation will post 8.27 earnings per share for the current fiscal year.

Northern Trust Dividend Announcement

The firm also recently announced 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 of this dividend is Friday, June 6th. This represents a $3.00 annualized dividend and a dividend yield of 2.41%. Northern Trust's payout ratio 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.