Northern Trust Co. (NASDAQ:NTRS) Shares Bought by First Trust Advisors LP

First Trust Advisors LP boosted its position in Northern Trust Co. (NASDAQ:NTRS - Free Report) by 60.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 472,701 shares of the asset manager's stock after acquiring an additional 177,642 shares during the quarter. First Trust Advisors LP owned 0.24% of Northern Trust worth $48,452,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Juncture Wealth Strategies LLC lifted its stake in shares of Northern Trust by 2.4% in the 4th quarter. Juncture Wealth Strategies LLC now owns 4,212 shares of the asset manager's stock valued at $432,000 after acquiring an additional 100 shares during the last quarter. Ballentine Partners LLC boosted its stake in shares of Northern Trust by 4.4% during the fourth quarter. Ballentine Partners LLC now owns 2,483 shares of the asset manager's stock valued at $255,000 after purchasing an additional 105 shares during the period. Pallas Capital Advisors LLC grew its holdings in shares of Northern Trust by 1.8% in the fourth quarter. Pallas Capital Advisors LLC now owns 6,091 shares of the asset manager's stock worth $624,000 after purchasing an additional 107 shares during the last quarter. Bradley Foster & Sargent Inc. CT raised its holdings in Northern Trust by 2.4% during the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 4,774 shares of the asset manager's stock valued at $489,000 after buying an additional 114 shares during the last quarter. Finally, Brooklyn Investment Group grew its holdings in Northern Trust by 51.2% in the 4th quarter. Brooklyn Investment Group now owns 378 shares of the asset manager's stock worth $39,000 after acquiring an additional 128 shares during the last quarter. 83.19% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NTRS has been the subject of several research analyst reports. StockNews.com cut shares of Northern Trust from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Bank of America reduced their target price on shares of Northern Trust from $123.00 to $121.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. Truist Financial reduced their price objective on Northern Trust from $98.00 to $92.00 and set a "hold" rating for the company in a research note on Wednesday, April 23rd. Royal Bank of Canada reduced their price target on Northern Trust from $115.00 to $105.00 and set an "outperform" rating for the company in a research report on Wednesday, April 23rd. Finally, Wells Fargo & Company lowered their price target 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. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Northern Trust presently has a consensus rating of "Hold" and an average price target of $110.83.

Insider Transactions at Northern Trust

In other Northern Trust news, EVP Thomas A. South sold 3,804 shares of Northern Trust stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $113.00, for a total transaction of $429,852.00. Following the completion of the sale, the executive vice president now directly owns 81,794 shares of the company's stock, valued at $9,242,722. The trade was a 4.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider John Landers sold 900 shares of the company's stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $111.44, for a total transaction of $100,296.00. Following the completion of the sale, the insider now directly owns 7,640 shares of the company's stock, valued at approximately $851,401.60. This trade represents a 10.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 35,335 shares of company stock worth $3,970,211. 0.77% of the stock is currently owned by insiders.

Northern Trust Trading Up 0.7 %

Shares of NASDAQ:NTRS traded up $0.61 during trading on Tuesday, reaching $93.12. The company's stock had a trading volume of 250,931 shares, compared to its average volume of 1,247,052. The firm's 50 day simple moving average is $97.37 and its two-hundred day simple moving average is $102.89. The company has a current ratio of 0.68, a quick ratio of 0.71 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. The stock has a market capitalization of $18.22 billion, a PE ratio of 9.53, a price-to-earnings-growth ratio of 1.72 and a beta of 1.10.

Northern Trust (NASDAQ:NTRS - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The asset manager reported $1.90 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $1.95 billion. On average, research analysts predict that Northern Trust Co. will post 8.27 EPS for the current fiscal year.

Northern Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 6th will be paid a $0.75 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $3.00 dividend on an annualized basis and a yield of 3.22%. Northern Trust's payout ratio is 27.99%.

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.