Northern Trust Co. (NASDAQ:NTRS) Shares Purchased by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC lifted its stake in shares of Northern Trust Co. (NASDAQ:NTRS - Free Report) by 556.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,208 shares of the asset manager's stock after buying an additional 27,299 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in Northern Trust were worth $3,301,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Y.D. More Investments Ltd grew its holdings in shares of Northern Trust by 118.4% during the fourth quarter. Y.D. More Investments Ltd now owns 249 shares of the asset manager's stock worth $26,000 after purchasing an additional 135 shares during the last quarter. Empirical Asset Management LLC purchased a new position in Northern Trust during the 4th quarter worth approximately $33,000. Brooklyn Investment Group increased 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 worth $39,000 after buying an additional 128 shares during the period. Assetmark Inc. lifted its stake in Northern Trust by 528.3% in the fourth quarter. Assetmark Inc. now owns 377 shares of the asset manager's stock valued at $39,000 after buying an additional 317 shares during the last quarter. Finally, Coppell Advisory Solutions LLC acquired a new stake in shares of Northern Trust in the fourth quarter valued at approximately $44,000. Institutional investors and hedge funds own 83.19% of the company's stock.

Insider Buying and Selling

In other Northern Trust news, EVP Thomas A. South sold 3,804 shares of the company's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $113.00, for a total value of $429,852.00. Following the sale, the executive vice president now owns 81,794 shares of the company's stock, valued at $9,242,722. This represents a 4.44 % 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. Insiders own 0.77% of the company's stock.

Northern Trust Price Performance

NTRS traded up $1.05 on Wednesday, hitting $97.94. 1,465,869 shares of the company were exchanged, compared to its average volume of 1,257,014. Northern Trust Co. has a fifty-two week low of $79.68 and a fifty-two week high of $114.67. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.71 and a current ratio of 0.68. The firm has a market capitalization of $19.05 billion, a P/E ratio of 10.01, a price-to-earnings-growth ratio of 1.72 and a beta of 1.18. The business's fifty day moving average is $95.49 and its 200 day moving average is $102.85.

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, topping analysts' consensus estimates of $1.85 by $0.05. The business had revenue of $1.95 billion for 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, sell-side analysts anticipate that Northern Trust Co. will post 8.27 EPS for the current year.

Northern Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders 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 dividend yield of 3.06%. The ex-dividend date is Friday, June 6th. Northern Trust's dividend payout ratio (DPR) is presently 27.99%.

Analyst Upgrades and Downgrades

NTRS has been the subject of several research reports. Truist Financial reduced 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 report on Wednesday, April 23rd. Wells Fargo & Company reduced their price objective 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. StockNews.com downgraded Northern Trust from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Morgan Stanley decreased their price target on Northern Trust from $136.00 to $132.00 and set an "equal weight" rating for the company in a report on Wednesday, April 2nd. Finally, Evercore ISI dropped their price objective on shares of Northern Trust from $104.00 to $100.00 and set an "in-line" rating on the stock in a research note on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $110.83.

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.