Hsbc Holdings PLC boosted its holdings in Northern Trust Co. (NASDAQ:NTRS - Free Report) by 3.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 408,362 shares of the asset manager's stock after buying an additional 15,025 shares during the period. Hsbc Holdings PLC owned approximately 0.21% of Northern Trust worth $41,852,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the business. Norges Bank acquired a new stake in Northern Trust during the 4th quarter worth approximately $83,550,000. KBC Group NV grew its position in Northern Trust by 201.6% during the fourth quarter. KBC Group NV now owns 963,811 shares of the asset manager's stock worth $98,791,000 after buying an additional 644,261 shares in the last quarter. Cerity Partners LLC lifted its position in shares of Northern Trust by 451.9% during the 4th quarter. Cerity Partners LLC now owns 555,631 shares of the asset manager's stock valued at $56,866,000 after acquiring an additional 454,956 shares during the period. ExodusPoint Capital Management LP acquired a new position in Northern Trust in the fourth quarter valued at about $42,715,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Northern Trust by 9.9% during the 3rd 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. Institutional investors and hedge funds own 83.19% of the company's stock.
Wall Street Analyst Weigh In
NTRS has been the topic of a number of research analyst reports. Citigroup cut their target price on shares of Northern Trust from $110.00 to $105.00 and set a "neutral" rating on the stock in a research report on Monday, March 24th. Royal Bank of Canada cut their price target on Northern Trust from $115.00 to $105.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 23rd. Truist Financial dropped their price target on shares of Northern Trust from $98.00 to $92.00 and set a "hold" rating for the company in a research note on Wednesday, April 23rd. StockNews.com lowered shares of Northern Trust from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Finally, UBS Group lifted their price objective on shares of Northern Trust from $110.00 to $114.00 and gave the stock a "neutral" rating in a research report on Monday, January 27th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $110.83.
Read Our Latest Stock Report on Northern Trust
Northern Trust Stock Performance
NTRS stock traded up $0.90 during trading on Thursday, reaching $94.88. The company had a trading volume of 217,377 shares, compared to its average volume of 1,358,454. The company has a market cap of $18.57 billion, a price-to-earnings ratio of 9.70, 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 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 firm has a 50-day simple moving average of $96.60 and a 200-day simple moving average of $102.77.
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 for the quarter, beating 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 company had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.95 billion. As a group, sell-side analysts expect that Northern Trust Co. will post 8.27 earnings per share for the current year.
Northern Trust Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 6th will be issued a $0.75 dividend. The ex-dividend date is Friday, June 6th. This represents a $3.00 annualized dividend and a yield of 3.16%. Northern Trust's dividend payout ratio (DPR) is 27.99%.
Insider Transactions at Northern Trust
In other news, EVP Thomas A. South sold 3,804 shares of the company's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $113.00, for a total transaction of $429,852.00. Following the transaction, the executive vice president now directly owns 81,794 shares of the company's stock, valued at $9,242,722. This represents a 4.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Jane Karpinski sold 2,262 shares of the business's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $111.33, for a total transaction of $251,828.46. Following the completion of the sale, the executive vice president now owns 17,236 shares in the company, valued at $1,918,883.88. This represents a 11.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 6,966 shares of company stock valued at $781,976. Insiders own 0.77% of the company's stock.
About Northern Trust
(
Free Report)
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.
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