Forsta AP Fonden Has $4.20 Million Stake in Northern Trust Co. (NASDAQ:NTRS)

Forsta AP Fonden decreased its holdings in shares of Northern Trust Co. (NASDAQ:NTRS - Free Report) by 6.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 41,000 shares of the asset manager's stock after selling 2,700 shares during the period. Forsta AP Fonden's holdings in Northern Trust were worth $4,202,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in NTRS. Allworth Financial LP boosted its position in Northern Trust by 9.1% during the third quarter. Allworth Financial LP now owns 1,170 shares of the asset manager's stock valued at $105,000 after purchasing an additional 98 shares during the last quarter. Juncture Wealth Strategies LLC raised its stake in shares of Northern Trust by 2.4% during the 4th quarter. Juncture Wealth Strategies LLC now owns 4,212 shares of the asset manager's stock worth $432,000 after purchasing an additional 100 shares in the last quarter. Ballentine Partners LLC boosted its holdings in shares of Northern Trust by 4.4% in the 4th quarter. Ballentine Partners LLC now owns 2,483 shares of the asset manager's stock valued at $255,000 after buying an additional 105 shares during the last quarter. Pallas Capital Advisors LLC grew its stake in shares of Northern Trust by 1.8% in the fourth quarter. Pallas Capital Advisors LLC now owns 6,091 shares of the asset manager's stock valued at $624,000 after buying an additional 107 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV increased its holdings in Northern Trust by 14.5% during the third quarter. Massmutual Trust Co. FSB ADV now owns 922 shares of the asset manager's stock worth $83,000 after buying an additional 117 shares during the last quarter. Institutional investors and hedge funds own 83.19% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on NTRS. Deutsche Bank Aktiengesellschaft lifted their price objective 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. Truist Financial lifted their price target on Northern Trust from $110.00 to $116.00 and gave the stock a "hold" rating in a report on Friday, January 24th. The Goldman Sachs Group upped their price objective on Northern Trust from $92.00 to $102.00 and gave the company a "sell" rating in a research note on Friday, January 24th. UBS Group boosted 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. Finally, Evercore ISI raised their price target on Northern Trust from $86.00 to $103.00 and gave the company an "in-line" rating in a report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $112.58.

Northern Trust Stock Performance

NASDAQ:NTRS traded up $1.84 during mid-day trading on Wednesday, reaching $113.22. 1,202,701 shares of the company's stock were exchanged, compared to its average volume of 1,200,187. 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 firm has a market capitalization of $22.44 billion, a PE ratio of 11.58, a price-to-earnings-growth ratio of 1.72 and a beta of 1.08. Northern Trust Co. has a one year low of $76.67 and a one year high of $114.21. The business's fifty day simple moving average is $106.27 and its two-hundred day simple moving average is $97.95.

Northern Trust (NASDAQ:NTRS - Get Free Report) last released its quarterly earnings results on Thursday, January 23rd. The asset manager reported $2.26 earnings per share for the quarter, beating 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%. Analysts anticipate that Northern Trust Co. will post 8.2 earnings per share for the current fiscal year.

Northern Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 2.65%. The ex-dividend date of this dividend is Friday, March 14th. Northern Trust's dividend payout ratio (DPR) is currently 30.67%.

Insider Buying and Selling

In other news, insider John Landers sold 900 shares of Northern Trust stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $111.44, for a total value of $100,296.00. Following the transaction, 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Thomas A. South sold 5,000 shares of the company's stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $105.80, for a total value of $529,000.00. Following the sale, the executive vice president now owns 49,756 shares of the company's stock, valued at approximately $5,264,184.80. This represents a 9.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 61,784 shares of company stock worth $6,778,431. Company insiders own 0.64% of the company's stock.

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.