USS Investment Management Ltd Has $5.08 Million Position in Northern Trust Co. (NASDAQ:NTRS)

USS Investment Management Ltd reduced its stake in shares of Northern Trust Co. (NASDAQ:NTRS - Free Report) by 22.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 49,539 shares of the asset manager's stock after selling 14,413 shares during the period. USS Investment Management Ltd's holdings in Northern Trust were worth $5,076,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Worldquant Millennium Advisors LLC bought a new stake in shares of Northern Trust in the fourth quarter worth $727,000. Woodline Partners LP bought a new stake in shares of Northern Trust in the fourth quarter worth $1,220,000. iSAM Funds UK Ltd bought a new stake in shares of Northern Trust in the fourth quarter worth $571,000. Wimmer Associates 1 LLC lifted its position in shares of Northern Trust by 3.9% in the fourth quarter. Wimmer Associates 1 LLC now owns 10,504 shares of the asset manager's stock worth $1,077,000 after purchasing an additional 395 shares in the last quarter. Finally, Tidal Investments LLC lifted its position in shares of Northern Trust by 7.1% in the fourth quarter. Tidal Investments LLC now owns 8,542 shares of the asset manager's stock worth $876,000 after purchasing an additional 564 shares in the last quarter. 83.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on NTRS. Morgan Stanley cut their price objective on shares of Northern Trust from $136.00 to $132.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 2nd. Wall Street Zen lowered shares of Northern Trust from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. 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 report on Wednesday, April 23rd. Evercore ISI dropped their price target on shares of 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. Finally, 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 report on Wednesday, April 2nd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $110.83.

Northern Trust Stock Performance

NASDAQ:NTRS traded down $1.91 during mid-day trading on Wednesday, reaching $107.04. 749,249 shares of the company's stock were exchanged, compared to its average volume of 1,283,868. Northern Trust Co. has a one year low of $79.68 and a one year high of $114.67. The firm has a market capitalization of $20.82 billion, a PE ratio of 10.94, a price-to-earnings-growth ratio of 1.72 and a beta of 1.18. The business's fifty day simple moving average is $96.64 and its two-hundred day simple moving average is $103.26. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.71 and a current ratio of 0.68.

Northern Trust (NASDAQ:NTRS - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The asset manager reported $1.90 EPS for the quarter, topping analysts' consensus estimates of $1.85 by $0.05. Northern Trust had a net margin of 12.77% and a return on equity of 13.74%. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.95 billion. Analysts anticipate that Northern Trust Co. will post 8.27 earnings per share for the current fiscal year.

Northern Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 6th will be paid 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 payout ratio is 27.99%.

Insiders Place Their Bets

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