5,325 Shares in Northern Trust Co. (NASDAQ:NTRS) Bought by Forum Financial Management LP

Forum Financial Management LP bought a new position in Northern Trust Co. (NASDAQ:NTRS - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 5,325 shares of the asset manager's stock, valued at approximately $546,000.

A number of other large investors have also bought and sold shares of NTRS. Y.D. More Investments Ltd grew 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 valued at $26,000 after purchasing an additional 135 shares during the last quarter. Empirical Asset Management LLC bought a new position in Northern Trust in the 4th quarter valued at $33,000. Brooklyn Investment Group increased its stake in shares of Northern Trust by 51.2% in 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 period. Assetmark Inc. raised its position in shares of Northern Trust by 528.3% during the fourth quarter. Assetmark Inc. now owns 377 shares of the asset manager's stock worth $39,000 after acquiring an additional 317 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in shares of Northern Trust during the fourth quarter valued at $51,000. 83.19% of the stock is currently owned by institutional investors.

Northern Trust Stock Up 1.4 %

Shares of NASDAQ:NTRS traded up $1.24 during trading on Wednesday, hitting $90.60. 1,605,732 shares of the company's stock traded hands, compared to its average volume of 1,255,308. The company has a current ratio of 0.68, a quick ratio of 0.71 and a debt-to-equity ratio of 0.58. The company has a 50-day moving average price of $99.01 and a 200-day moving average price of $102.79. Northern Trust Co. has a 52 week low of $79.68 and a 52 week high of $114.67. The company has a market cap of $17.73 billion, a price-to-earnings ratio of 9.26, a price-to-earnings-growth ratio of 1.72 and a beta of 1.10.

Northern Trust (NASDAQ:NTRS - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The asset manager reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.05. The company had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.95 billion. Northern Trust had a net margin of 12.77% and a return on equity of 13.74%. As a group, research analysts forecast that Northern Trust Co. will post 8.27 EPS for the current fiscal year.

Northern Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 6th will be issued a $0.75 dividend. The ex-dividend date is Friday, June 6th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.31%. Northern Trust's dividend payout ratio (DPR) is 30.67%.

Analysts Set New Price Targets

A number of analysts recently commented on NTRS shares. Truist Financial lowered their price objective on Northern Trust from $98.00 to $92.00 and set a "hold" rating for the company in a research report on Wednesday. Morgan Stanley dropped their price target on shares of Northern Trust from $136.00 to $132.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 2nd. Bank of America lowered their target price on shares of Northern Trust from $123.00 to $121.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. Keefe, Bruyette & Woods increased their price target on Northern Trust from $113.00 to $122.00 and gave the company a "market perform" rating in a research note on Friday, January 24th. Finally, Evercore ISI decreased their price objective on Northern Trust from $104.00 to $100.00 and set an "in-line" rating for the company in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $110.83.

Insider Buying and Selling

In other news, insider Jason J. Tyler sold 2,237 shares of the firm's 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 completion of the transaction, the insider now directly owns 58,449 shares of the company's stock, valued at $6,585,448.83. This trade represents a 3.69 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Thomas A. South sold 3,804 shares of the business's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $113.00, for a total transaction of $429,852.00. Following the completion of the sale, the executive vice president now directly owns 81,794 shares in the company, valued at approximately $9,242,722. This represents a 4.44 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 35,335 shares of company stock worth $3,970,211. 0.77% of the stock is owned by corporate insiders.

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.