Northern Trust Co. (NASDAQ:NTRS) Shares Sold by Cypress Capital Group

Cypress Capital Group reduced its stake in shares of Northern Trust Co. (NASDAQ:NTRS - Free Report) by 53.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,138 shares of the asset manager's stock after selling 3,605 shares during the period. Cypress Capital Group's holdings in Northern Trust were worth $322,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Y.D. More Investments Ltd lifted its stake in shares of Northern Trust by 118.4% during the fourth quarter. Y.D. More Investments Ltd now owns 249 shares of the asset manager's stock worth $26,000 after buying an additional 135 shares during the period. Empirical Asset Management LLC acquired a new position in Northern Trust during the fourth quarter valued at $33,000. Brooklyn Investment Group lifted its position in Northern Trust by 51.2% during the fourth quarter. Brooklyn Investment Group now owns 378 shares of the asset manager's stock valued at $39,000 after purchasing an additional 128 shares during the period. Capital Performance Advisors LLP acquired a new position in Northern Trust during the third quarter valued at $48,000. Finally, Proficio Capital Partners LLC acquired a new position in Northern Trust during the fourth quarter valued at $51,000. 83.19% of the stock is currently owned by institutional investors and hedge funds.

Northern Trust Price Performance

Shares of NTRS stock traded up $0.49 on Friday, reaching $104.32. 1,294,515 shares of the company were exchanged, compared to its average volume of 1,244,378. Northern Trust Co. has a 1 year low of $79.30 and a 1 year high of $114.67. The company has a market cap of $20.42 billion, a price-to-earnings ratio of 10.67, a P/E/G ratio of 1.72 and a beta of 1.07. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.71 and a current ratio of 0.68. The business has a 50-day moving average price of $108.20 and a 200 day moving average price of $101.69.

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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 (EPS) for the quarter, beating the consensus estimate of $1.96 by $0.30. Northern Trust had a net margin of 12.77% and a return on equity of 13.74%. Equities research analysts forecast that Northern Trust Co. will post 8.27 earnings per share for the current fiscal year.

Northern Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be paid a dividend of $0.75 per share. The ex-dividend date is Friday, March 14th. This represents a $3.00 annualized dividend and a yield of 2.88%. Northern Trust's dividend payout ratio is presently 30.67%.

Analyst Ratings Changes

A number of research firms recently issued reports on NTRS. UBS Group boosted their target price on shares of Northern Trust from $110.00 to $114.00 and gave the company a "neutral" rating in a research report on Monday, January 27th. The Goldman Sachs Group boosted their target price on shares of Northern Trust from $92.00 to $102.00 and gave the company a "sell" rating in a research report on Friday, January 24th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Northern Trust from $100.00 to $108.00 and gave the company a "hold" rating in a research report on Monday, November 11th. Royal Bank of Canada boosted their target price on shares of Northern Trust from $107.00 to $115.00 and gave the company an "outperform" rating in a research report on Friday, January 24th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Northern Trust from $113.00 to $122.00 and gave the company a "market perform" rating in a report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Northern Trust currently has a consensus rating of "Hold" and an average target price of $113.50.

Insider Activity at Northern Trust

In other Northern Trust news, COO Peter Cherecwich sold 26,132 shares of the business's stock in a transaction dated 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 transaction, the chief operating officer now directly owns 26,586 shares in the company, valued at $2,987,202.96. The trade was a 49.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider John Landers sold 900 shares of the business's stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $111.44, for a total transaction of $100,296.00. Following the completion of the transaction, the insider now owns 7,640 shares in the company, valued at $851,401.60. The trade was a 10.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 35,335 shares of company stock valued at $3,970,211. Corporate insiders own 0.64% of the company's stock.

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.