Deutsche Bank AG Acquires 291,498 Shares of Northern Trust Co. (NASDAQ:NTRS)

Deutsche Bank AG increased its position in shares of Northern Trust Co. (NASDAQ:NTRS - Free Report) by 36.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,084,668 shares of the asset manager's stock after purchasing an additional 291,498 shares during the quarter. Deutsche Bank AG owned 0.55% of Northern Trust worth $111,178,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NTRS. JPMorgan Chase & Co. grew its holdings 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 buying an additional 388,692 shares in the last quarter. Nordea Investment Management AB lifted its position in shares of Northern Trust by 6.6% during the fourth quarter. Nordea Investment Management AB now owns 15,345 shares of the asset manager's stock worth $1,576,000 after purchasing an additional 954 shares in the last quarter. Czech National Bank grew its stake in shares of Northern Trust by 4.6% during the fourth quarter. Czech National Bank now owns 42,978 shares of the asset manager's stock valued at $4,405,000 after acquiring an additional 1,903 shares in the last quarter. Brookstone Capital Management increased its holdings in Northern Trust by 16.5% during the 4th quarter. Brookstone Capital Management now owns 8,526 shares of the asset manager's stock worth $874,000 after purchasing an additional 1,210 shares during the last quarter. Finally, Agate Pass Investment Management LLC acquired a new position in shares of Northern Trust in the 4th quarter valued at approximately $538,000. 83.19% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Northern Trust

In other Northern Trust news, insider Teresa Parker sold 6,467 shares of the firm's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $100.62, for a total value of $650,709.54. Following the transaction, the insider now directly owns 79,391 shares of the company's stock, valued at $7,988,322.42. This trade represents a 7.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Thomas A. South sold 3,804 shares of the business's stock in a transaction that occurred 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 owns 81,794 shares of the company's stock, valued at approximately $9,242,722. This represents a 4.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,571 shares of company stock worth $1,410,397 over the last 90 days. Company insiders own 0.77% of the company's stock.

Northern Trust Stock Down 0.7%

Shares of NTRS stock traded down $0.75 on Wednesday, hitting $106.39. 1,812,400 shares of the stock were exchanged, compared to its average volume of 1,275,503. The company has a current ratio of 0.68, a quick ratio of 0.71 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $20.70 billion, a P/E ratio of 10.88, a price-to-earnings-growth ratio of 1.72 and a beta of 1.18. The business has a 50-day moving average of $95.06 and a 200 day moving average of $102.95. Northern Trust Co. has a fifty-two week low of $79.68 and a fifty-two week high of $114.67.

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 the consensus estimate of $1.85 by $0.05. The company had revenue of $1.95 billion during the quarter, compared to analysts' expectations of $1.95 billion. Northern Trust had a return on equity of 13.74% and a net margin of 12.77%. Equities analysts anticipate that Northern Trust Co. will post 8.27 EPS for the current year.

Northern Trust Announces Dividend

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 paid a $0.75 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $3.00 annualized dividend and a yield of 2.82%. Northern Trust's dividend payout ratio is 27.99%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on NTRS. Truist Financial cut their price objective on Northern Trust from $98.00 to $92.00 and set a "hold" rating on the stock in a research note on Wednesday, April 23rd. The Goldman Sachs Group raised their price target on Northern Trust from $92.00 to $102.00 and gave the company a "sell" rating in a report on Friday, January 24th. Wells Fargo & Company decreased their target price on Northern Trust from $118.00 to $111.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 23rd. UBS Group increased their price objective on Northern Trust from $110.00 to $114.00 and gave the company a "neutral" rating in a research report on Monday, January 27th. Finally, Morgan Stanley lowered 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. 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's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $110.83.

Northern Trust Company 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.