Arrowstreet Capital Limited Partnership Buys 219,614 Shares of Northern Trust Co. (NASDAQ:NTRS)

Arrowstreet Capital Limited Partnership raised its holdings in shares of Northern Trust Co. (NASDAQ:NTRS - Free Report) by 136.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 380,891 shares of the asset manager's stock after acquiring an additional 219,614 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.19% of Northern Trust worth $39,041,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in NTRS. Ballentine Partners LLC grew its stake in Northern Trust by 4.4% during the fourth quarter. Ballentine Partners LLC now owns 2,483 shares of the asset manager's stock valued at $255,000 after acquiring an additional 105 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Northern Trust by 24.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 22,061 shares of the asset manager's stock valued at $2,286,000 after purchasing an additional 4,374 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Northern Trust by 9.9% in the third 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 during the period. Charles Schwab Investment Management Inc. raised its position in shares of Northern Trust by 0.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,267,406 shares of the asset manager's stock worth $129,909,000 after buying an additional 8,102 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC raised its position in shares of Northern Trust by 68.1% in the third quarter. Kovitz Investment Group Partners LLC now owns 13,765 shares of the asset manager's stock worth $1,239,000 after buying an additional 5,578 shares in the last quarter. Hedge funds and other institutional investors own 83.19% of the company's stock.

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Analyst Ratings Changes

A number of equities analysts have weighed in on the company. StockNews.com cut Northern Trust from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Evercore ISI lowered their target price on shares of Northern Trust from $113.00 to $104.00 and set an "in-line" rating on the stock in a research note on Tuesday, April 1st. Barclays boosted their price target on shares of Northern Trust from $115.00 to $118.00 and gave the stock an "equal weight" rating in a research note on Monday, January 6th. Citigroup lowered their price objective on shares of 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, Royal Bank of Canada upped their target price on shares of Northern Trust from $107.00 to $115.00 and gave the stock an "outperform" rating in a research report on Friday, January 24th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $112.31.

Insider Buying and Selling at Northern Trust

In other news, EVP Thomas A. South sold 3,804 shares of Northern Trust 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 sale, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jason J. Tyler sold 2,237 shares of the business's stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $112.67, for a total value of $252,042.79. Following the transaction, the insider now directly owns 58,449 shares in the company, valued at $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. Over the last quarter, insiders have sold 35,335 shares of company stock worth $3,970,211. 0.77% of the stock is currently owned by company insiders.

Northern Trust Trading Down 0.6 %

Shares of NASDAQ NTRS traded down $0.51 during midday trading on Monday, reaching $85.50. The company had a trading volume of 2,077,817 shares, compared to its average volume of 1,244,209. The firm's fifty day moving average price is $105.11 and its 200-day moving average price is $103.12. 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 one year low of $79.32 and a one year high of $114.67. The stock has a market cap of $16.73 billion, a PE ratio of 8.74, a price-to-earnings-growth ratio of 1.72 and a beta of 1.10.

Northern Trust (NASDAQ:NTRS - Get Free Report) last announced its quarterly earnings data 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%. On average, equities research analysts anticipate that Northern Trust Co. will post 8.27 earnings per share for the current year.

Northern Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th were issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date of this dividend was Friday, March 14th. Northern Trust's dividend payout ratio (DPR) is presently 30.67%.

About Northern Trust

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.