Canada Post Corp Registered Pension Plan Takes Position in Northern Trust Co. (NASDAQ:NTRS)

Canada Post Corp Registered Pension Plan acquired a new stake in Northern Trust Co. (NASDAQ:NTRS - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 3,732 shares of the asset manager's stock, valued at approximately $383,000.

Other institutional investors have also added to or reduced their stakes in the company. Juncture Wealth Strategies LLC lifted its holdings in Northern Trust by 2.4% during the 4th quarter. Juncture Wealth Strategies LLC now owns 4,212 shares of the asset manager's stock valued at $432,000 after purchasing an additional 100 shares during the last quarter. Ballentine Partners LLC lifted its stake in shares of Northern Trust by 4.4% during the 4th quarter. Ballentine Partners LLC now owns 2,483 shares of the asset manager's stock worth $255,000 after buying an additional 105 shares during the last quarter. Pallas Capital Advisors LLC boosted its holdings in shares of Northern Trust by 1.8% during the 4th quarter. Pallas Capital Advisors LLC now owns 6,091 shares of the asset manager's stock worth $624,000 after buying an additional 107 shares during the period. Bradley Foster & Sargent Inc. CT grew its stake in Northern Trust by 2.4% in the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 4,774 shares of the asset manager's stock valued at $489,000 after buying an additional 114 shares during the last quarter. Finally, Brooklyn Investment Group raised its holdings in Northern Trust by 51.2% in the 4th quarter. Brooklyn Investment Group now owns 378 shares of the asset manager's stock valued at $39,000 after acquiring an additional 128 shares during the period. 83.19% of the stock is currently owned by institutional investors and hedge funds.

Northern Trust Price Performance

NTRS stock traded down $1.68 during trading on Monday, reaching $86.62. 131,352 shares of the company were exchanged, compared to its average volume of 1,246,099. Northern Trust Co. has a twelve month low of $79.68 and a twelve 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. The company has a market capitalization of $16.95 billion, a price-to-earnings ratio of 8.86, a P/E/G ratio of 1.72 and a beta of 1.10. The company has a 50-day moving average of $99.92 and a two-hundred day moving average of $102.91.

Northern Trust (NASDAQ:NTRS - Get Free Report) last issued its quarterly earnings data on Thursday, January 23rd. The asset manager reported $2.26 earnings per share for the quarter, topping analysts' consensus estimates 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, equities analysts predict that Northern Trust Co. will post 8.27 earnings per share for the current fiscal year.

Northern Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th were issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date was Friday, March 14th. Northern Trust's payout ratio is 30.67%.

Insider Buying and Selling at Northern Trust

In related news, COO Peter Cherecwich sold 26,132 shares of the business's stock in a transaction on Wednesday, January 29th. The shares were sold at an average price of $112.36, for a total value of $2,936,191.52. Following the sale, the chief operating officer now owns 26,586 shares of the company's stock, valued at $2,987,202.96. The trade was a 49.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jason J. Tyler sold 2,237 shares of the firm's 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 transaction, the insider now directly owns 58,449 shares of the company's stock, valued at approximately $6,585,448.83. This represents a 3.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 35,335 shares of company stock worth $3,970,211. 0.77% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

NTRS has been the subject of several research reports. Keefe, Bruyette & Woods lifted their price target on Northern Trust from $113.00 to $122.00 and gave the stock a "market perform" rating in a report on Friday, January 24th. Truist Financial decreased their price target on shares of Northern Trust from $116.00 to $98.00 and set a "hold" rating on the stock in a research note on Friday, April 4th. UBS Group boosted their price objective on shares of Northern Trust from $110.00 to $114.00 and gave the company a "neutral" rating in a report on Monday, January 27th. StockNews.com cut shares of Northern Trust from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Finally, Bank of America cut their price target on Northern Trust from $123.00 to $121.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $113.08.

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.