Northern Trust Co. (NASDAQ:NTRS) Shares Sold by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp reduced its holdings in Northern Trust Co. (NASDAQ:NTRS - Free Report) by 38.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,541 shares of the asset manager's stock after selling 14,372 shares during the period. OMERS ADMINISTRATION Corp's holdings in Northern Trust were worth $2,310,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of NTRS. Minot DeBlois Advisors LLC purchased a new position in Northern Trust during the fourth quarter worth approximately $1,636,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Northern Trust by 257.3% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 72,598 shares of the asset manager's stock worth $7,441,000 after buying an additional 52,280 shares in the last quarter. Lighthouse Investment Partners LLC purchased a new position in Northern Trust during the fourth quarter worth approximately $3,418,000. Jacobs Levy Equity Management Inc. lifted its position in Northern Trust by 4.6% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 241,891 shares of the asset manager's stock worth $24,794,000 after buying an additional 10,542 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its position in Northern Trust by 33.7% during the fourth quarter. Janus Henderson Group PLC now owns 33,779 shares of the asset manager's stock worth $3,462,000 after buying an additional 8,522 shares in the last quarter. 83.19% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Teresa Parker sold 6,467 shares of the stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $100.62, for a total value of $650,709.54. Following the completion of the sale, the insider now directly owns 79,391 shares of the company's stock, valued at approximately $7,988,322.42. This represents a 7.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Clive Bellows sold 3,300 shares of the stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $99.95, for a total value of $329,835.00. Following the completion of the sale, the executive vice president now directly 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 sold a total of 13,571 shares of company stock worth $1,410,397 over the last 90 days. 0.77% of the stock is owned by insiders.

Northern Trust Stock Up 0.4%

Shares of Northern Trust stock traded up $0.43 on Friday, reaching $107.90. 1,429,726 shares of the company were exchanged, compared to its average volume of 1,275,518. Northern Trust Co. has a 1-year low of $79.68 and a 1-year high of $114.67. The company has a market cap of $20.99 billion, a P/E ratio of 11.03, a price-to-earnings-growth ratio of 1.72 and a beta of 1.18. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.71. The stock's 50 day moving average price is $95.44 and its 200-day moving average price is $103.05.

Northern Trust (NASDAQ:NTRS - Get Free Report) last posted its earnings results 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 firm 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%. As a group, equities analysts forecast that Northern Trust Co. will post 8.27 EPS for the current year.

Northern Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 6th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 2.78%. The ex-dividend date of this dividend is Friday, June 6th. Northern Trust's payout ratio is 27.99%.

Wall Street Analysts Forecast Growth

NTRS has been the topic of a number of analyst reports. Truist Financial reduced 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. Citigroup reduced their target price on Northern Trust from $110.00 to $105.00 and set a "neutral" rating on the stock in a research report on Monday, March 24th. Bank of America reduced their target price on Northern Trust from $123.00 to $121.00 and set a "buy" rating on the stock in a research report on Wednesday, April 2nd. Morgan Stanley reduced 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. Finally, StockNews.com downgraded Northern Trust from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $110.83.

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.