Fmr LLC Sells 389,455 Shares of Northern Trust Co. (NASDAQ:NTRS)

FMR LLC lowered its stake in shares of Northern Trust Co. (NASDAQ:NTRS - Free Report) by 2.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 17,798,208 shares of the asset manager's stock after selling 389,455 shares during the period. FMR LLC owned approximately 8.98% of Northern Trust worth $1,824,316,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Y.D. More Investments Ltd raised its stake in 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 during the last quarter. Empirical Asset Management LLC purchased a new position in Northern Trust in the fourth quarter worth about $33,000. Brooklyn Investment Group grew 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 purchasing an additional 128 shares during the period. Assetmark Inc. increased 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 purchasing an additional 317 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new position in shares of Northern Trust in the 4th quarter worth approximately $51,000. Hedge funds and other institutional investors own 83.19% of the company's stock.

Insider Activity

In related news, EVP Thomas A. South sold 3,804 shares of Northern Trust stock in a transaction dated Wednesday, February 19th. The stock was 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. This trade represents a 4.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider John Landers sold 900 shares of the company'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 value of $100,296.00. Following the sale, the insider now 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 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 insiders.

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Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Citigroup cut their target price on shares of Northern Trust from $110.00 to $105.00 and set a "neutral" rating for the company in a research report on Monday, March 24th. Barclays upped their price objective on Northern Trust from $115.00 to $118.00 and gave the stock an "equal weight" rating in a research note on Monday, January 6th. Wells Fargo & Company lowered their target price on Northern Trust from $119.00 to $118.00 and set an "equal weight" rating on the stock in a research report on Friday, March 28th. UBS Group upped their price target on Northern Trust from $110.00 to $114.00 and gave the stock a "neutral" rating in a research report on Monday, January 27th. Finally, StockNews.com cut Northern Trust from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Northern Trust presently has a consensus rating of "Hold" and a consensus target price of $112.31.

Northern Trust Price Performance

Shares of NTRS stock traded up $0.35 during mid-day trading on Friday, hitting $88.29. The company had a trading volume of 2,003,303 shares, compared to its average volume of 1,260,022. The company has a market capitalization of $17.28 billion, a P/E ratio of 9.03, a P/E/G ratio of 1.72 and a beta of 1.10. The stock's 50 day moving average price is $102.30 and its 200-day moving average price is $102.84. Northern Trust Co. has a 52-week low of $79.32 and a 52-week 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.

Northern Trust (NASDAQ:NTRS - Get Free Report) last released its quarterly earnings data on Thursday, January 23rd. The asset manager reported $2.26 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 year.

Northern Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th were issued a dividend of $0.75 per share. The ex-dividend date was Friday, March 14th. This represents a $3.00 annualized dividend and a dividend yield of 3.40%. Northern Trust's dividend payout ratio (DPR) is 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.