Sciencast Management LP Purchases Shares of 25,025 Northern Trust Co. (NASDAQ:NTRS)

Sciencast Management LP acquired a new stake in Northern Trust Co. (NASDAQ:NTRS - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 25,025 shares of the asset manager's stock, valued at approximately $2,565,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Y.D. More Investments Ltd lifted its holdings in Northern Trust by 118.4% in 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 period. Empirical Asset Management LLC acquired a new stake in shares of Northern Trust in the 4th quarter worth approximately $33,000. Brooklyn Investment Group boosted its holdings in shares of Northern Trust by 51.2% in the fourth quarter. Brooklyn Investment Group now owns 378 shares of the asset manager's stock valued at $39,000 after acquiring an additional 128 shares in the last quarter. Assetmark Inc. increased its stake in shares of Northern Trust by 528.3% during the fourth quarter. Assetmark Inc. now owns 377 shares of the asset manager's stock valued at $39,000 after acquiring an additional 317 shares during the period. Finally, Proficio Capital Partners LLC bought a new stake in Northern Trust during the fourth quarter worth approximately $51,000. 83.19% of the stock is owned by institutional investors and hedge funds.

Northern Trust Stock Performance

Northern Trust stock traded down $0.16 during trading hours on Wednesday, reaching $101.44. 958,006 shares of the company were exchanged, compared to its average volume of 1,177,187. Northern Trust Co. has a 12 month low of $79.32 and a 12 month high of $114.67. 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 stock has a 50-day moving average of $107.45 and a 200 day moving average of $102.74. The firm has a market cap of $19.85 billion, a price-to-earnings ratio of 10.37, a PEG ratio of 1.72 and a beta of 1.07.

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Northern Trust (NASDAQ:NTRS - Get Free Report) last posted its earnings results on Thursday, January 23rd. The asset manager reported $2.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.96 by $0.30. Northern Trust had a net margin of 12.77% and a return on equity of 13.74%. As a group, research analysts anticipate that Northern Trust Co. will post 8.27 earnings per share for the current year.

Northern Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be paid a dividend of $0.75 per share. The ex-dividend date is Friday, March 14th. This represents a $3.00 annualized dividend and a yield of 2.96%. Northern Trust's payout ratio is 30.67%.

Insider Buying and Selling at Northern Trust

In other news, EVP Thomas A. South sold 3,804 shares of the firm's stock in a transaction on 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 in the company, valued at approximately $9,242,722. This trade represents a 4.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider John Landers sold 900 shares of the firm's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $111.44, for a total transaction of $100,296.00. Following the completion of the sale, the insider now owns 7,640 shares in the company, valued at $851,401.60. This represents a 10.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 35,335 shares of company stock valued at $3,970,211 in the last 90 days. 0.64% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on NTRS shares. Truist Financial raised their price objective on shares of Northern Trust from $110.00 to $116.00 and gave the company a "hold" rating in a research report on Friday, January 24th. UBS Group lifted their price target 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. Keefe, Bruyette & Woods increased their price objective on Northern Trust from $113.00 to $122.00 and gave the company a "market perform" rating in a research report on Friday, January 24th. Barclays lifted their target price on Northern Trust from $115.00 to $118.00 and gave the stock an "equal weight" rating in a report on Monday, January 6th. Finally, The Goldman Sachs Group upped their target price on Northern Trust from $92.00 to $102.00 and gave the company a "sell" rating in a report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $112.85.

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.