Amundi Cuts Stock Position in Northern Trust Co. (NASDAQ:NTRS)

Amundi trimmed its stake in shares of Northern Trust Co. (NASDAQ:NTRS - Free Report) by 1.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,602,263 shares of the asset manager's stock after selling 25,443 shares during the quarter. Amundi owned 0.81% of Northern Trust worth $163,783,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Marble Harbor Investment Counsel LLC raised its stake in shares of Northern Trust by 0.8% during the 4th quarter. Marble Harbor Investment Counsel LLC now owns 122,701 shares of the asset manager's stock valued at $12,577,000 after purchasing an additional 995 shares during the period. Aviance Capital Partners LLC raised its stake in shares of Northern Trust by 21.6% during the 4th quarter. Aviance Capital Partners LLC now owns 14,169 shares of the asset manager's stock valued at $1,452,000 after purchasing an additional 2,517 shares during the period. Jackson Creek Investment Advisors LLC raised its stake in shares of Northern Trust by 217.8% during the 4th quarter. Jackson Creek Investment Advisors LLC now owns 9,181 shares of the asset manager's stock valued at $941,000 after purchasing an additional 6,292 shares during the period. Callan Family Office LLC purchased a new position in Northern Trust during the fourth quarter worth about $211,000. Finally, Inceptionr LLC grew its position in Northern Trust by 107.4% during the fourth quarter. Inceptionr LLC now owns 18,079 shares of the asset manager's stock worth $1,853,000 after buying an additional 9,362 shares in the last quarter. 83.19% of the stock is currently owned by institutional investors.

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Insider Buying and Selling at Northern Trust

In other news, EVP Thomas A. South sold 3,804 shares of the 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 completion of 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jason J. Tyler sold 2,237 shares of the stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $112.67, for a total value of $252,042.79. Following the completion of the transaction, the insider now directly owns 58,449 shares of the company's stock, valued at $6,585,448.83. This represents a 3.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 35,335 shares of company stock valued at $3,970,211 in the last 90 days. Insiders own 0.64% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Morgan Stanley reduced their target price on Northern Trust from $138.00 to $136.00 and set an "equal weight" rating for the company in a research report on Thursday, March 6th. The Goldman Sachs Group boosted their target price on Northern Trust from $92.00 to $102.00 and gave the stock a "sell" rating in a research report on Friday, January 24th. UBS Group boosted their target price on Northern Trust from $110.00 to $114.00 and gave the stock a "neutral" rating in a research report on Monday, January 27th. Wells Fargo & Company boosted their target price on Northern Trust from $108.00 to $110.00 and gave the stock an "equal weight" rating in a research report on Friday, November 15th. Finally, Barclays boosted their target price on Northern Trust from $115.00 to $118.00 and gave the stock an "equal weight" rating in a research report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Northern Trust currently has an average rating of "Hold" and an average price target of $113.50.

Northern Trust Trading Down 2.2 %

NTRS stock traded down $2.14 during trading on Thursday, hitting $96.09. 1,087,455 shares of the company traded hands, compared to its average volume of 1,264,487. The firm has a market capitalization of $18.80 billion, a PE ratio of 9.83, a P/E/G ratio of 1.72 and a beta of 1.07. Northern Trust Co. has a 1 year low of $79.30 and a 1 year high of $114.67. The company has a 50-day moving average of $107.99 and a 200-day moving average of $102.04. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.71 and a current ratio of 0.68.

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

Northern Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date of this dividend is Friday, March 14th. Northern Trust's payout ratio is 30.67%.

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.