BI Asset Management Fondsmaeglerselskab A S Purchases 3,378 Shares of Northern Trust Co. (NASDAQ:NTRS)

BI Asset Management Fondsmaeglerselskab A S increased its position in Northern Trust Co. (NASDAQ:NTRS - Free Report) by 40.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,744 shares of the asset manager's stock after purchasing an additional 3,378 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Northern Trust were worth $1,204,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Y.D. More Investments Ltd raised its stake in shares of Northern Trust by 118.4% during the 4th quarter. Y.D. More Investments Ltd now owns 249 shares of the asset manager's stock valued at $26,000 after buying an additional 135 shares during the last quarter. Empirical Asset Management LLC acquired a new position in shares of Northern Trust during the 4th quarter worth about $33,000. Brooklyn Investment Group lifted its position in shares of Northern Trust by 51.2% in the fourth quarter. Brooklyn Investment Group now owns 378 shares of the asset manager's stock valued at $39,000 after acquiring an additional 128 shares in the last quarter. Assetmark Inc. boosted its stake in Northern Trust by 528.3% during the 4th quarter. Assetmark Inc. now owns 377 shares of the asset manager's stock worth $39,000 after purchasing an additional 317 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in Northern Trust in the 4th quarter valued at about $51,000. 83.19% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Northern Trust

In other Northern Trust news, EVP Thomas A. South sold 3,804 shares of Northern Trust stock in a transaction on Wednesday, February 19th. The shares were 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. The trade was a 4.44 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Peter Cherecwich sold 26,132 shares of the 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 transaction, the chief operating officer now owns 26,586 shares of the company's stock, valued at approximately $2,987,202.96. This represents a 49.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 35,335 shares of company stock worth $3,970,211. Insiders own 0.77% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on NTRS shares. Truist Financial decreased their target price on shares of Northern Trust from $98.00 to $92.00 and set a "hold" rating on the stock in a report on Wednesday. Evercore ISI reduced their target price on shares of Northern Trust from $104.00 to $100.00 and set an "in-line" rating on the stock in a report on Wednesday. The Goldman Sachs Group boosted their price objective on Northern Trust from $92.00 to $102.00 and gave the stock a "sell" rating in a research report on Friday, January 24th. Keefe, Bruyette & Woods increased their target price on Northern Trust from $113.00 to $122.00 and gave the company a "market perform" rating in a report on Friday, January 24th. Finally, Barclays boosted their price objective on shares of 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 analyst has rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Northern Trust currently has a consensus rating of "Hold" and an average price target of $110.83.

Northern Trust Price Performance

Shares of NASDAQ NTRS traded down $0.81 during mid-day trading on Friday, reaching $91.59. 1,171,120 shares of the company traded hands, compared to its average volume of 1,251,792. Northern Trust Co. has a fifty-two week low of $79.68 and a fifty-two week 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. The stock has a fifty day simple moving average of $97.80 and a 200-day simple moving average of $102.73. The firm has a market cap of $17.92 billion, a PE ratio of 9.37, a price-to-earnings-growth ratio of 1.72 and a beta of 1.10.

Northern Trust (NASDAQ:NTRS - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The asset manager reported $1.90 earnings per share for the quarter, topping analysts' consensus estimates of $1.85 by $0.05. Northern Trust had a return on equity of 13.74% and a net margin of 12.77%. The company had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.95 billion. Equities research analysts anticipate that Northern Trust Co. will post 8.27 EPS for the current fiscal year.

Northern Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 6th will be given a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 3.28%. The ex-dividend date is Friday, June 6th. Northern Trust's dividend payout ratio (DPR) is presently 27.99%.

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.