Guggenheim Capital LLC Sells 11,535 Shares of Northern Trust Co. (NASDAQ:NTRS)

Guggenheim Capital LLC decreased its holdings in Northern Trust Co. (NASDAQ:NTRS - Free Report) by 63.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,562 shares of the asset manager's stock after selling 11,535 shares during the period. Guggenheim Capital LLC's holdings in Northern Trust were worth $673,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Y.D. More Investments Ltd raised its position in Northern Trust by 118.4% in the 4th quarter. Y.D. More Investments Ltd now owns 249 shares of the asset manager's stock worth $26,000 after buying an additional 135 shares during the last quarter. Empirical Asset Management LLC purchased a new position in shares of Northern Trust during the fourth quarter valued at approximately $33,000. Brooklyn Investment Group lifted its position in Northern Trust by 51.2% during the fourth quarter. Brooklyn Investment Group now owns 378 shares of the asset manager's stock valued at $39,000 after purchasing an additional 128 shares during the period. 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. Finally, Proficio Capital Partners LLC bought a new stake in Northern Trust in the 4th quarter worth approximately $51,000. Institutional investors own 83.19% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. UBS Group raised their target price on Northern Trust from $110.00 to $114.00 and gave the stock a "neutral" rating in a research report on Monday, January 27th. Morgan Stanley lowered their target price on 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. 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. Truist Financial lowered 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. Finally, Evercore ISI dropped 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. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Northern Trust currently has an average rating of "Hold" and an average price target of $110.83.

Insider Transactions at Northern Trust

In related news, insider John Landers sold 900 shares of the business's stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $111.44, for a total value of $100,296.00. Following the completion of the sale, the insider now owns 7,640 shares in the company, valued at approximately $851,401.60. The trade was a 10.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Thomas A. South sold 3,804 shares of the firm's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $113.00, for a total value of $429,852.00. Following the transaction, the executive vice president now owns 81,794 shares in the company, valued at $9,242,722. The trade was a 4.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,203 shares of company stock worth $1,034,019. 0.77% of the stock is currently owned by insiders.

Northern Trust Trading Down 0.1 %

Shares of NTRS traded down $0.07 during midday trading on Wednesday, hitting $93.98. The stock had a trading volume of 1,219,796 shares, compared to its average volume of 1,253,000. The stock's 50 day moving average is $96.60 and its 200 day moving average is $102.77. The firm has a market cap of $18.39 billion, a PE ratio of 9.61, a price-to-earnings-growth ratio of 1.72 and a beta of 1.10. 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 Co. has a 1 year low of $79.68 and a 1 year high of $114.67.

Northern Trust (NASDAQ:NTRS - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The asset manager reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.05. The business had revenue of $1.95 billion during 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, analysts forecast that Northern Trust Co. will post 8.27 EPS for the current fiscal year.

Northern Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 6th will be given a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 3.19%. The ex-dividend date of this dividend is Friday, June 6th. Northern Trust's dividend payout ratio (DPR) is presently 27.99%.

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.