Siemens Fonds Invest GmbH Acquires New Stake in Northern Trust Co. (NASDAQ:NTRS)

Siemens Fonds Invest GmbH bought a new stake in Northern Trust Co. (NASDAQ:NTRS - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 11,236 shares of the asset manager's stock, valued at approximately $1,152,000.

Several other hedge funds have also recently made changes to their positions in the company. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Northern Trust in the fourth quarter valued at $26,784,000. Jefferies Financial Group Inc. purchased a new stake in Northern Trust during the 4th quarter worth about $4,563,000. Ascent Group LLC purchased a new stake in Northern Trust during the 4th quarter worth about $292,000. Mackenzie Financial Corp lifted its holdings in Northern Trust by 17.6% during the 4th quarter. Mackenzie Financial Corp now owns 30,982 shares of the asset manager's stock worth $3,176,000 after purchasing an additional 4,626 shares in the last quarter. Finally, Forum Financial Management LP purchased a new stake in Northern Trust during the 4th quarter worth about $546,000. 83.19% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

NTRS has been the topic of a number of recent research reports. Citigroup dropped their price objective on Northern Trust from $110.00 to $105.00 and set a "neutral" rating on the stock in a report on Monday, March 24th. Wall Street Zen cut Northern Trust from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Evercore ISI dropped their price objective on Northern Trust from $104.00 to $100.00 and set an "in-line" rating on the stock in a report on Wednesday, April 23rd. Royal Bank of Canada dropped their price objective on Northern Trust from $115.00 to $105.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd. Finally, Morgan Stanley reduced their target price on Northern Trust from $136.00 to $132.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 2nd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $110.83.

Northern Trust Price Performance

Shares of NTRS traded down $1.14 during midday trading on Friday, reaching $106.18. The stock had a trading volume of 3,646,838 shares, compared to its average volume of 1,299,623. The company's 50-day moving average is $97.01 and its 200 day moving average is $103.28. Northern Trust Co. has a 12-month low of $79.68 and a 12-month 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 has a market capitalization of $20.66 billion, a price-to-earnings ratio of 10.86, a price-to-earnings-growth ratio of 1.72 and a beta of 1.18.

Northern Trust (NASDAQ:NTRS - Get Free Report) last released its earnings results on Tuesday, April 22nd. The asset manager reported $1.90 earnings per share for the quarter, beating analysts' consensus estimates of $1.85 by $0.05. Northern Trust had a return on equity of 13.74% and a net margin of 12.77%. The company had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.95 billion. On average, equities analysts predict 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. Stockholders of record on Friday, June 6th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date of this dividend is Friday, June 6th. Northern Trust's dividend payout ratio (DPR) is presently 27.99%.

Insider Activity

In other news, insider Teresa Parker sold 6,467 shares of the business'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 owns 79,391 shares of the company's stock, valued at approximately $7,988,322.42. The trade was a 7.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Clive Bellows sold 3,300 shares of the company'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 transaction, the executive vice president now directly owns 28,736 shares of the company's stock, valued at $2,872,163.20. The trade was a 10.30% decrease in their position. The disclosure for this sale can be found here. 0.77% of the stock is currently owned by corporate insiders.

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.