Barrow Hanley Mewhinney & Strauss LLC lessened its stake in shares of Northern Trust Co. (NASDAQ:NTRS - Free Report) by 1.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 223,189 shares of the asset manager's stock after selling 4,193 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned 0.11% of Northern Trust worth $22,877,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of NTRS. Schroder Investment Management Group lifted its position in shares of Northern Trust by 28.5% in the 4th quarter. Schroder Investment Management Group now owns 23,388 shares of the asset manager's stock worth $2,403,000 after acquiring an additional 5,190 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in Northern Trust by 136.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 380,891 shares of the asset manager's stock valued at $39,041,000 after buying an additional 219,614 shares during the period. Allstate Corp bought a new position in shares of Northern Trust during the 4th quarter worth about $620,000. Horizon Investment Services LLC acquired a new stake in shares of Northern Trust during the 4th quarter valued at about $998,000. Finally, DnB Asset Management AS increased its stake in Northern Trust by 0.6% in the fourth quarter. DnB Asset Management AS now owns 38,982 shares of the asset manager's stock valued at $3,996,000 after acquiring an additional 242 shares during the period. 83.19% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently issued reports on the company. Citigroup dropped their target price on Northern Trust from $110.00 to $105.00 and set a "neutral" rating for the company in a report on Monday, March 24th. Barclays boosted 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. StockNews.com cut Northern Trust from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. UBS Group upped 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. Finally, Evercore ISI dropped their target price on shares of Northern Trust from $113.00 to $104.00 and set an "in-line" rating for the company in a research note on Tuesday. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $113.69.
Check Out Our Latest Analysis on Northern Trust
Insider Transactions at Northern Trust
In other Northern Trust news, insider Jason J. Tyler sold 2,237 shares of Northern Trust stock in a transaction 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. The trade was a 3.69 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jane Karpinski sold 2,262 shares of the company's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $111.33, for a total transaction of $251,828.46. Following the sale, the executive vice president now directly owns 17,236 shares of the company's stock, valued at approximately $1,918,883.88. This trade represents a 11.60 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 35,335 shares of company stock worth $3,970,211. 0.77% of the stock is owned by company insiders.
Northern Trust Stock Down 6.9 %
NTRS stock traded down $6.82 during trading hours on Thursday, reaching $91.92. 1,135,006 shares of the stock were exchanged, compared to its average volume of 1,231,749. The company has a market cap of $17.99 billion, a price-to-earnings ratio of 9.39, a PEG ratio of 1.72 and a beta of 1.07. The firm's 50-day moving average is $106.51 and its 200-day moving average is $103.11. Northern Trust Co. has a 12 month low of $79.32 and a 12 month high of $114.67. 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 (NASDAQ:NTRS - Get Free Report) last released its earnings results on Thursday, January 23rd. The asset manager reported $2.26 earnings per share 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%. On average, equities research analysts expect that Northern Trust Co. will post 8.27 earnings per share for the current year.
Northern Trust Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th were given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 3.26%. 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
(
Free Report)
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.
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