Northern Trust Co. (NASDAQ:NTRS) Shares Bought by Erste Asset Management GmbH

Erste Asset Management GmbH boosted its stake in Northern Trust Co. (NASDAQ:NTRS - Free Report) by 12.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 72,800 shares of the asset manager's stock after purchasing an additional 7,900 shares during the quarter. Erste Asset Management GmbH's holdings in Northern Trust were worth $7,559,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of NTRS. Y.D. More Investments Ltd raised its position 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 in the last quarter. Empirical Asset Management LLC purchased a new stake in shares of Northern Trust during the 4th quarter valued at about $33,000. Brooklyn Investment Group raised its position in shares of Northern Trust by 51.2% during the 4th quarter. Brooklyn Investment Group now owns 378 shares of the asset manager's stock valued at $39,000 after buying an additional 128 shares in the last quarter. Assetmark Inc. raised its position in shares of Northern Trust by 528.3% during the 4th quarter. Assetmark Inc. now owns 377 shares of the asset manager's stock valued at $39,000 after buying an additional 317 shares in the last quarter. Finally, Proficio Capital Partners LLC purchased a new stake in shares of Northern Trust during the 4th quarter valued at about $51,000. Hedge funds and other institutional investors own 83.19% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on NTRS shares. The Goldman Sachs Group upped 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. Truist Financial upped their target price on shares of Northern Trust from $110.00 to $116.00 and gave the company a "hold" rating in a research report on Friday, January 24th. Morgan Stanley cut their price target on shares of Northern Trust from $138.00 to $136.00 and set an "equal weight" rating on the stock in a report on Thursday, March 6th. Barclays upped their price target on shares of Northern Trust from $115.00 to $118.00 and gave the company an "equal weight" rating in a report on Monday, January 6th. Finally, Keefe, Bruyette & Woods upped their price target 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 research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $113.50.

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Insider Activity

In other news, insider Jason J. Tyler sold 2,237 shares of the stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $112.67, for a total transaction of $252,042.79. Following the transaction, the insider now directly owns 58,449 shares in the company, valued at approximately $6,585,448.83. This trade represents a 3.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Thomas A. South sold 3,804 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $113.00, for a total transaction of $429,852.00. Following the sale, the executive vice president now directly owns 81,794 shares of the company's stock, valued at $9,242,722. The trade was a 4.44 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 35,335 shares of company stock worth $3,970,211. Corporate insiders own 0.64% of the company's stock.

Northern Trust Trading Down 0.4 %

NTRS stock traded down $0.40 during mid-day trading on Tuesday, reaching $98.28. The company had a trading volume of 1,062,291 shares, compared to its average volume of 1,172,580. 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 $19.23 billion, a PE ratio of 10.05, a price-to-earnings-growth ratio of 1.72 and a beta of 1.07. The firm has a 50 day moving average of $107.65 and a 200 day moving average of $102.32. Northern Trust Co. has a 12 month low of $79.32 and a 12 month high of $114.67.

Northern Trust (NASDAQ:NTRS - Get Free Report) last issued its earnings results on Thursday, January 23rd. The asset manager reported $2.26 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%. On average, equities analysts predict 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. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.05%. Northern Trust's dividend payout ratio is presently 30.67%.

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.