Fiducient Advisors LLC Reduces Stake in Northern Trust Co. (NASDAQ:NTRS)

Fiducient Advisors LLC lessened its holdings in Northern Trust Co. (NASDAQ:NTRS - Free Report) by 96.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,500 shares of the asset manager's stock after selling 66,808 shares during the quarter. Fiducient Advisors LLC's holdings in Northern Trust were worth $258,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Y.D. More Investments Ltd raised its holdings 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 purchasing an additional 135 shares during the last quarter. Empirical Asset Management LLC acquired a new stake in Northern Trust during the 4th quarter worth about $33,000. Brooklyn Investment Group raised its stake 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 during the last quarter. Assetmark Inc. lifted its holdings in shares of Northern Trust by 528.3% in 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 during the period. Finally, Proficio Capital Partners LLC purchased a new stake in shares of Northern Trust in the fourth quarter worth about $51,000. 83.19% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider John Landers sold 900 shares of the firm's stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $111.44, for a total transaction of $100,296.00. Following the transaction, the insider now directly owns 7,640 shares in the company, valued at approximately $851,401.60. This trade represents a 10.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Jane Karpinski sold 2,262 shares of the company's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $111.33, for a total transaction of $251,828.46. Following the completion of the sale, the executive vice president now owns 17,236 shares of the company's stock, valued at approximately $1,918,883.88. This trade represents a 11.60 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 35,335 shares of company stock worth $3,970,211 in the last ninety days. 0.77% of the stock is owned by corporate insiders.

Northern Trust Stock Up 0.4 %

Northern Trust stock opened at $88.29 on Friday. The stock's fifty day moving average is $102.30 and its two-hundred day moving average is $102.84. The stock has a market cap of $17.28 billion, a PE ratio of 9.03, a P/E/G ratio of 1.72 and a beta of 1.10. Northern Trust Co. has a 1-year low of $79.32 and a 1-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.

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Northern Trust (NASDAQ:NTRS - Get Free Report) last posted its earnings results on Thursday, January 23rd. The asset manager reported $2.26 earnings per share for the quarter, topping the consensus estimate of $1.96 by $0.30. Northern Trust had a return on equity of 13.74% and a net margin of 12.77%. On average, sell-side analysts expect that Northern Trust Co. will post 8.27 EPS for the current fiscal year.

Northern Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 14th were given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date was Friday, March 14th. Northern Trust's dividend payout ratio (DPR) is 30.67%.

Analyst Ratings Changes

A number of brokerages have issued reports on NTRS. Citigroup decreased their price target on Northern Trust from $110.00 to $105.00 and set a "neutral" rating for the company in a report on Monday, March 24th. 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 note on Friday, January 24th. UBS Group raised their price target 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. StockNews.com downgraded shares of Northern Trust from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Finally, Truist Financial lowered their target price 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. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $112.31.

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.

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