UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 150,274 Shares of Northern Trust Co. (NASDAQ:NTRS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Northern Trust Co. (NASDAQ:NTRS - Free Report) by 9.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,727,365 shares of the asset manager's stock after buying an additional 150,274 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.87% of Northern Trust worth $177,055,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its position in Northern Trust by 9.9% in the third quarter. JPMorgan Chase & Co. now owns 4,296,442 shares of the asset manager's stock worth $386,809,000 after purchasing an additional 388,692 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in Northern Trust by 4.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 3,939 shares of the asset manager's stock worth $404,000 after purchasing an additional 166 shares during the last quarter. Park Avenue Securities LLC purchased a new position in Northern Trust in the fourth quarter worth $212,000. Merit Financial Group LLC purchased a new position in Northern Trust in the fourth quarter worth $289,000. Finally, UMB Bank n.a. boosted its position in Northern Trust by 18.3% in the fourth quarter. UMB Bank n.a. now owns 5,121 shares of the asset manager's stock worth $525,000 after purchasing an additional 793 shares during the last quarter. Hedge funds and other institutional investors own 83.19% of the company's stock.

Northern Trust Price Performance

NTRS traded down $1.91 during trading on Wednesday, reaching $107.04. 749,249 shares of the company were exchanged, compared to its average volume of 1,283,868. The company's 50-day moving average is $96.64 and its two-hundred day moving average is $103.26. The company has a market cap of $20.82 billion, a price-to-earnings ratio of 10.94, a P/E/G ratio of 1.72 and a beta of 1.18. The company has a quick ratio of 0.71, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. Northern Trust Co. has a 12-month low of $79.68 and a 12-month high of $114.67.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.85 by $0.05. The business had revenue of $1.95 billion for the quarter, compared to analysts' expectations of $1.95 billion. Northern Trust had a return on equity of 13.74% and a net margin of 12.77%. Research analysts forecast that Northern Trust Co. 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 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 yield of 2.80%. Northern Trust's dividend payout ratio (DPR) is 27.99%.

Analysts Set New Price Targets

Several research analysts have weighed in on NTRS shares. Truist Financial cut their price objective on Northern Trust from $98.00 to $92.00 and set a "hold" rating on the stock in a research report on Wednesday, April 23rd. Evercore ISI dropped their price target on Northern Trust from $104.00 to $100.00 and set an "in-line" rating on the stock in a research report on Wednesday, April 23rd. Wells Fargo & Company dropped their price target on Northern Trust from $118.00 to $111.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 23rd. Royal Bank of Canada dropped their price target on Northern Trust from $115.00 to $105.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd. Finally, Bank of America dropped their price target on Northern Trust from $123.00 to $121.00 and set a "buy" rating on the stock in a research report on Wednesday, April 2nd. One investment 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 presently has a consensus rating of "Hold" and an average price target of $110.83.

Insider Buying and Selling at Northern Trust

In other Northern Trust news, EVP Clive Bellows sold 3,300 shares of the firm's stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $99.95, for a total value of $329,835.00. Following the sale, the executive vice president now owns 28,736 shares of the company's stock, valued at $2,872,163.20. This trade represents a 10.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Teresa Parker sold 6,467 shares of the firm's stock in a transaction dated 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 sale, the insider now directly owns 79,391 shares in the company, valued at approximately $7,988,322.42. The trade was a 7.53% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.77% of the company's stock.

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.