261,307 Shares in Northern Trust Co. (NASDAQ:NTRS) Purchased by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Northern Trust Co. (NASDAQ:NTRS - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 261,307 shares of the asset manager's stock, valued at approximately $26,784,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.13% of Northern Trust as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Y.D. More Investments Ltd boosted its holdings in Northern Trust by 118.4% in the fourth 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 during the last quarter. Colonial Trust Co SC boosted its holdings in Northern Trust by 6,400.0% in the fourth quarter. Colonial Trust Co SC now owns 260 shares of the asset manager's stock worth $27,000 after purchasing an additional 256 shares during the last quarter. Assetmark Inc. boosted its holdings in Northern Trust by 528.3% in the fourth quarter. Assetmark Inc. now owns 377 shares of the asset manager's stock worth $39,000 after purchasing an additional 317 shares during the last quarter. Coppell Advisory Solutions LLC purchased a new stake in Northern Trust in the fourth quarter worth approximately $44,000. Finally, True Wealth Design LLC boosted its holdings in Northern Trust by 84.0% in the fourth quarter. True Wealth Design LLC now owns 425 shares of the asset manager's stock worth $44,000 after purchasing an additional 194 shares during the last quarter. Institutional investors own 83.19% of the company's stock.

Northern Trust Price Performance

Shares of NTRS stock traded down $0.43 on Monday, hitting $106.31. 1,063,721 shares of the stock traded hands, compared to its average volume of 1,294,983. The firm has a market cap of $20.68 billion, a price-to-earnings ratio of 10.87, a PEG ratio of 1.72 and a beta of 1.18. Northern Trust Co. has a 52 week low of $79.68 and a 52 week high of $114.67. The firm has a 50 day simple moving average of $97.11 and a two-hundred day simple moving average of $103.23. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.71.

Northern Trust (NASDAQ:NTRS - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The asset manager reported $1.90 EPS for the quarter, beating the consensus estimate of $1.85 by $0.05. The firm 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 12.77% and a return on equity of 13.74%. As a group, equities research analysts predict that Northern Trust Co. will post 8.27 earnings per share for the current fiscal year.

Northern Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders 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 2.82%. Northern Trust's payout ratio is 27.99%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Truist Financial dropped their target price on shares of Northern Trust from $98.00 to $92.00 and set a "hold" rating on the stock in a report on Wednesday, April 23rd. Wall Street Zen cut shares of Northern Trust from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Bank of America dropped their price target on shares of Northern Trust from $123.00 to $121.00 and set a "buy" rating on the stock in a research note on Wednesday, April 2nd. Morgan Stanley dropped their price target on shares of Northern Trust from $136.00 to $132.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 2nd. Finally, 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. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Northern Trust presently has an average rating of "Hold" and an average price target of $110.83.

Insider Activity

In other Northern Trust news, EVP Clive Bellows sold 3,300 shares of Northern Trust stock in a transaction 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 sale, the executive vice president now directly owns 28,736 shares in the company, valued at approximately $2,872,163.20. The trade was a 10.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Teresa Parker sold 6,467 shares of Northern Trust stock in a transaction on Friday, May 9th. The shares were sold at an average price of $100.62, for a total transaction of $650,709.54. Following the completion of the sale, the insider now owns 79,391 shares in the company, valued at approximately $7,988,322.42. This represents a 7.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.77% of the company's stock.

Northern Trust Company 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.