Andra AP fonden Sells 37,837 Shares of Northern Trust Co. (NASDAQ:NTRS)

Andra AP fonden lessened its stake in shares of Northern Trust Co. (NASDAQ:NTRS - Free Report) by 82.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,300 shares of the asset manager's stock after selling 37,837 shares during the period. Andra AP fonden's holdings in Northern Trust were worth $851,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NTRS. Jackson Creek Investment Advisors LLC boosted its position 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 worth $941,000 after acquiring an additional 6,292 shares in the last quarter. Callan Family Office LLC acquired a new stake in shares of Northern Trust in the 4th quarter valued at $211,000. Inceptionr LLC increased its stake in shares of Northern Trust by 107.4% in the 4th quarter. Inceptionr LLC now owns 18,079 shares of the asset manager's stock valued at $1,853,000 after purchasing an additional 9,362 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Northern Trust in the 4th quarter valued at $7,456,000. Finally, Cullen Frost Bankers Inc. raised its holdings in shares of Northern Trust by 473.0% during the 4th quarter. Cullen Frost Bankers Inc. now owns 848 shares of the asset manager's stock worth $87,000 after buying an additional 700 shares in the last quarter. 83.19% of the stock is owned by institutional investors and hedge funds.

Northern Trust Trading Down 2.2 %

NASDAQ NTRS traded down $2.14 during mid-day trading on Thursday, reaching $96.09. 1,069,949 shares of the stock were exchanged, compared to its average volume of 1,264,487. The stock has a market cap of $18.80 billion, a P/E ratio of 9.83, a P/E/G ratio of 1.72 and a beta of 1.07. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.71. Northern Trust Co. has a one year low of $79.30 and a one year high of $114.67. The stock has a 50 day simple moving average of $107.99 and a 200-day simple moving average of $102.04.

Remove Ads

Northern Trust (NASDAQ:NTRS - Get Free Report) last posted its quarterly earnings data on Thursday, January 23rd. The asset manager reported $2.26 earnings per share for the quarter, topping 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%. On average, analysts anticipate that Northern Trust Co. will post 8.27 EPS for the current year.

Northern Trust Dividend Announcement

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 issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date is Friday, March 14th. Northern Trust's payout ratio is 30.67%.

Insider Transactions at Northern Trust

In related news, insider John Landers sold 900 shares of the stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $111.44, for a total transaction of $100,296.00. Following the transaction, the insider now directly owns 7,640 shares of the company's stock, valued at $851,401.60. This represents a 10.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jason J. Tyler sold 2,237 shares of Northern Trust stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $112.67, for a total transaction of $252,042.79. Following the completion of the sale, the insider now directly owns 58,449 shares of the company's stock, valued at approximately $6,585,448.83. This trade represents a 3.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 35,335 shares of company stock valued at $3,970,211 in the last quarter. 0.64% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on NTRS shares. Barclays lifted their target price on Northern Trust from $115.00 to $118.00 and gave the company an "equal weight" rating in a research report on Monday, January 6th. The Goldman Sachs Group upped their price objective on shares of Northern Trust from $92.00 to $102.00 and gave the stock a "sell" rating in a research report on Friday, January 24th. Wells Fargo & Company raised their target price on shares of Northern Trust from $108.00 to $110.00 and gave the company an "equal weight" rating in a research report on Friday, November 15th. Morgan Stanley lowered their price target on shares of Northern Trust from $138.00 to $136.00 and set an "equal weight" rating for the company in a report on Thursday, March 6th. Finally, Royal Bank of Canada raised their price objective on Northern Trust from $107.00 to $115.00 and gave the company an "outperform" rating in a report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, Northern Trust currently has a consensus rating of "Hold" and a consensus target price of $113.50.

Northern Trust Company 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.