Northern Trust Co. (NASDAQ:NTRS) Shares Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC boosted its position in Northern Trust Co. (NASDAQ:NTRS - Free Report) by 25.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,800 shares of the asset manager's stock after purchasing an additional 3,993 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Northern Trust were worth $2,030,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. increased its stake in Northern Trust by 24.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 22,061 shares of the asset manager's stock worth $2,286,000 after buying an additional 4,374 shares during the period. JPMorgan Chase & Co. increased its position in shares of Northern Trust by 9.9% during the third quarter. JPMorgan Chase & Co. now owns 4,296,442 shares of the asset manager's stock worth $386,809,000 after acquiring an additional 388,692 shares during the period. KLP Kapitalforvaltning AS bought a new stake in shares of Northern Trust during the fourth quarter valued at approximately $7,437,000. Charles Schwab Investment Management Inc. raised its stake in shares of Northern Trust by 0.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,267,406 shares of the asset manager's stock valued at $129,909,000 after acquiring an additional 8,102 shares in the last quarter. Finally, AustralianSuper Pty Ltd grew its stake in Northern Trust by 16.7% in the fourth quarter. AustralianSuper Pty Ltd now owns 91,222 shares of the asset manager's stock worth $9,350,000 after purchasing an additional 13,081 shares in the last quarter. Hedge funds and other institutional investors own 83.19% of the company's stock.

Northern Trust Stock Up 0.8%

NTRS traded up $0.83 during trading on Monday, hitting $108.74. The stock had a trading volume of 1,422,344 shares, compared to its average volume of 1,294,733. The stock has a 50 day simple moving average of $97.77 and a two-hundred day simple moving average of $103.18. 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 Co. has a twelve month low of $79.68 and a twelve month high of $114.67. The company has a market capitalization of $21.15 billion, a PE ratio of 11.12, a PEG ratio of 1.72 and a beta of 1.22.

Northern Trust (NASDAQ:NTRS - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The asset manager reported $1.90 earnings per share for the quarter, topping 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 firm had revenue of $1.95 billion during the quarter, compared to analysts' expectations of $1.95 billion. On average, research analysts predict that Northern Trust Co. will post 8.27 earnings per share for the current year.

Northern Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders 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 dividend yield of 2.76%. Northern Trust's payout ratio is 27.99%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on NTRS shares. Bank of America decreased their target price on Northern Trust from $123.00 to $121.00 and set a "buy" rating for the company in a research report on Wednesday, April 2nd. Morgan Stanley reaffirmed 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. Wells Fargo & Company dropped their target price on shares of Northern Trust from $118.00 to $111.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 23rd. Truist Financial reduced their price target on shares of Northern Trust from $98.00 to $92.00 and set a "hold" rating for the company in a report on Wednesday, April 23rd. Finally, Evercore ISI lowered their price target on shares of Northern Trust from $104.00 to $100.00 and set an "in-line" rating for the company in a research report on Wednesday, April 23rd. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $108.42.

Insider Activity

In other Northern Trust news, insider Teresa Parker sold 6,467 shares of the company's stock in a transaction that occurred 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 transaction, 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Clive Bellows sold 3,300 shares of Northern Trust stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $99.95, for a total transaction 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. The trade was a 10.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,772 shares of company stock worth $981,069 over the last 90 days. 0.77% of the stock is currently owned by corporate insiders.

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.