Siemens Fonds Invest GmbH Invests $1.15 Million in Northern Trust Co. (NASDAQ:NTRS)

Siemens Fonds Invest GmbH purchased a new position in shares of Northern Trust Co. (NASDAQ:NTRS - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 11,236 shares of the asset manager's stock, valued at approximately $1,152,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA lifted its holdings in Northern Trust by 1.2% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 7,486,616 shares of the asset manager's stock worth $767,378,000 after purchasing an additional 92,162 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Northern Trust by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 4,904,871 shares of the asset manager's stock worth $501,444,000 after purchasing an additional 30,908 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in 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 purchasing an additional 388,692 shares in the last quarter. Invesco Ltd. lifted its holdings in Northern Trust by 7.5% during the 4th quarter. Invesco Ltd. now owns 2,885,312 shares of the asset manager's stock worth $295,744,000 after purchasing an additional 202,327 shares in the last quarter. Finally, Wellington Management Group LLP lifted its holdings in Northern Trust by 1.6% during the 4th quarter. Wellington Management Group LLP now owns 2,532,401 shares of the asset manager's stock worth $259,571,000 after purchasing an additional 39,592 shares in the last quarter. Institutional investors own 83.19% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on NTRS. UBS Group increased their price objective on Northern Trust from $110.00 to $114.00 and gave the stock a "neutral" rating in a report on Monday, January 27th. The Goldman Sachs Group increased their price objective on Northern Trust from $92.00 to $102.00 and gave the stock a "sell" rating in a report on Friday, January 24th. Wells Fargo & Company lowered their price target on Northern Trust from $118.00 to $111.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 23rd. Citigroup lowered their price target on Northern Trust from $110.00 to $105.00 and set a "neutral" rating on the stock in a report on Monday, March 24th. Finally, Evercore ISI lowered their price target on Northern Trust from $104.00 to $100.00 and set an "in-line" rating on the stock in a report on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $110.83.

Insider Buying and Selling

In related news, insider Teresa Parker sold 6,467 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $100.62, for a total transaction of $650,709.54. Following the transaction, the insider now directly owns 79,391 shares in the company, valued at $7,988,322.42. This trade represents a 7.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Thomas A. South sold 3,804 shares of the firm's stock in a transaction that occurred 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 approximately $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. Insiders have sold a total of 13,571 shares of company stock worth $1,410,397 in the last ninety days. 0.77% of the stock is owned by insiders.

Northern Trust Price Performance

Shares of NASDAQ NTRS traded down $0.67 during trading hours on Tuesday, reaching $107.32. 1,136,791 shares of the stock traded hands, compared to its average volume of 1,274,931. The company has a market capitalization of $20.88 billion, a P/E ratio of 10.97, a price-to-earnings-growth ratio of 1.72 and a beta of 1.18. The company has a quick ratio of 0.71, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. Northern Trust Co. has a 52-week low of $79.68 and a 52-week high of $114.67. The company's 50-day simple moving average is $95.63 and its two-hundred day simple moving average is $103.14.

Northern Trust (NASDAQ:NTRS - Get Free Report) last posted its quarterly earnings results 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. Northern Trust had a return on equity of 13.74% and a net margin of 12.77%. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.95 billion. Equities research analysts forecast that Northern Trust Co. will post 8.27 EPS for the current year.

Northern Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 6th will be given a dividend of $0.75 per share. The ex-dividend date is Friday, June 6th. This represents a $3.00 annualized dividend and a yield of 2.80%. Northern Trust's payout ratio is 27.99%.

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.