APG Asset Management N.V. Purchases New Position in Northern Trust Co. (NASDAQ:NTRS)

APG Asset Management N.V. bought a new position in shares of Northern Trust Co. (NASDAQ:NTRS - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 109,000 shares of the asset manager's stock, valued at approximately $10,789,000. APG Asset Management N.V. owned about 0.05% of Northern Trust as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NTRS. HighTower Advisors LLC raised its stake in shares of Northern Trust by 48.8% during the 3rd quarter. HighTower Advisors LLC now owns 26,774 shares of the asset manager's stock worth $2,431,000 after purchasing an additional 8,781 shares in the last quarter. XTX Topco Ltd bought a new position in shares of Northern Trust during the third quarter worth about $372,000. Y Intercept Hong Kong Ltd acquired a new stake in Northern Trust during the third quarter worth approximately $1,071,000. Nomura Asset Management Co. Ltd. raised its holdings in Northern Trust by 7.7% during the third quarter. Nomura Asset Management Co. Ltd. now owns 63,068 shares of the asset manager's stock worth $5,678,000 after buying an additional 4,528 shares during the last quarter. Finally, Public Employees Retirement System of Ohio lifted its position in shares of Northern Trust by 1.3% during the third quarter. Public Employees Retirement System of Ohio now owns 78,137 shares of the asset manager's stock valued at $7,035,000 after purchasing an additional 1,015 shares in the last quarter. 83.19% of the stock is owned by institutional investors.

Northern Trust Stock Down 1.0 %

Northern Trust stock traded down $0.88 during mid-day trading on Wednesday, hitting $88.39. The company had a trading volume of 360,040 shares, compared to its average volume of 1,257,715. The company has a current ratio of 0.68, a quick ratio of 0.71 and a debt-to-equity ratio of 0.58. Northern Trust Co. has a 12 month low of $79.32 and a 12 month high of $114.67. The company has a market capitalization of $17.30 billion, a PE ratio of 9.04, a price-to-earnings-growth ratio of 1.72 and a beta of 1.10. The stock's 50 day moving average price is $101.34 and its two-hundred day moving average price is $102.83.

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 (EPS) 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%. As a group, sell-side analysts anticipate that Northern Trust Co. will post 8.27 earnings per share for the current fiscal year.

Northern Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th were paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.39%. The ex-dividend date was Friday, March 14th. Northern Trust's dividend payout ratio (DPR) is 30.67%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on NTRS shares. Truist Financial reduced their target price on Northern Trust from $116.00 to $98.00 and set a "hold" rating for the company in a research report on Friday, April 4th. Bank of America reduced their target price on shares of Northern Trust from $123.00 to $121.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. Evercore ISI dropped their price target on Northern Trust from $113.00 to $104.00 and set an "in-line" rating for the company in a research report on Tuesday, April 1st. Citigroup dropped their price objective on Northern Trust from $110.00 to $105.00 and set a "neutral" rating on the stock in a research report on Monday, March 24th. Finally, UBS Group increased their price target on shares of Northern Trust from $110.00 to $114.00 and gave the stock a "neutral" rating in a report on Monday, January 27th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, Northern Trust currently has a consensus rating of "Hold" and an average price target of $112.31.

Insider Buying and Selling

In related news, EVP Thomas A. South sold 3,804 shares of Northern Trust stock in a transaction dated 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 directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Peter Cherecwich sold 26,132 shares of the business's stock in a transaction dated Wednesday, January 29th. The stock was sold at an average price of $112.36, for a total transaction of $2,936,191.52. Following the completion of the sale, the chief operating officer now owns 26,586 shares in the company, valued at approximately $2,987,202.96. This trade represents a 49.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 35,335 shares of company stock worth $3,970,211 over the last 90 days. 0.77% of the stock is owned by insiders.

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.