Corient Private Wealth LLC Sells 47,479 Shares of Northern Trust Co. (NASDAQ:NTRS)

Corient Private Wealth LLC trimmed its position in Northern Trust Co. (NASDAQ:NTRS - Free Report) by 11.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 372,502 shares of the asset manager's stock after selling 47,479 shares during the period. Corient Private Wealth LLC owned approximately 0.19% of Northern Trust worth $38,182,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Envestnet Portfolio Solutions Inc. acquired a new position in shares of Northern Trust in the 4th quarter valued at approximately $212,000. Natixis Advisors LLC boosted its stake in Northern Trust by 9.8% in the 4th quarter. Natixis Advisors LLC now owns 89,827 shares of the asset manager's stock worth $9,207,000 after purchasing an additional 8,053 shares during the period. Frank Rimerman Advisors LLC bought a new position in Northern Trust during the 4th quarter worth about $213,000. Madison Investment Advisors LLC bought a new stake in shares of Northern Trust in the fourth quarter valued at about $7,510,000. Finally, CFO4Life Group LLC bought a new position in shares of Northern Trust during the fourth quarter worth about $649,000. Institutional investors own 83.19% of the company's stock.

Northern Trust Stock Performance

NTRS traded down $0.10 during trading on Friday, hitting $98.77. The stock had a trading volume of 3,686,301 shares, compared to its average volume of 1,180,034. Northern Trust Co. has a one year low of $79.32 and a one year 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 firm has a market cap of $19.33 billion, a price-to-earnings ratio of 10.10, a P/E/G ratio of 1.72 and a beta of 1.07. The company has a 50 day moving average price of $107.44 and a 200-day moving average price of $102.32.

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Northern Trust (NASDAQ:NTRS - Get Free Report) last announced its earnings results on Thursday, January 23rd. The asset manager reported $2.26 earnings per share (EPS) for the quarter, topping 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%. As a group, research analysts predict that Northern Trust Co. will post 8.27 EPS for the current year.

Northern Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be issued a $0.75 dividend. The ex-dividend date is Friday, March 14th. This represents a $3.00 annualized dividend and a yield of 3.04%. Northern Trust's dividend payout ratio is presently 30.67%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. The Goldman Sachs Group raised their price target on shares of Northern Trust from $92.00 to $102.00 and gave the stock a "sell" rating in a research note on Friday, January 24th. UBS Group upped their target price on Northern Trust from $110.00 to $114.00 and gave the stock a "neutral" rating in a report on Monday, January 27th. Morgan Stanley decreased their price target on Northern Trust from $138.00 to $136.00 and set an "equal weight" rating for the company in a research note on Thursday, March 6th. Truist Financial increased their price objective on Northern Trust from $110.00 to $116.00 and gave the company a "hold" rating in a report on Friday, January 24th. Finally, StockNews.com downgraded shares of Northern Trust from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, Northern Trust currently has a consensus rating of "Hold" and a consensus price target of $113.50.

Insider Activity

In other Northern Trust news, COO Peter Cherecwich sold 26,132 shares of the company's stock in a transaction on 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 directly owns 26,586 shares in the company, valued at $2,987,202.96. This represents a 49.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 completion of the transaction, the executive vice president now owns 81,794 shares in the company, valued at approximately $9,242,722. The trade was a 4.44 % 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. 0.64% of the stock is currently owned by company 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.