Northern Trust Co. (NASDAQ:NTRS) Shares Sold by Guggenheim Capital LLC

Guggenheim Capital LLC trimmed its position in Northern Trust Co. (NASDAQ:NTRS - Free Report) by 63.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,562 shares of the asset manager's stock after selling 11,535 shares during the quarter. Guggenheim Capital LLC's holdings in Northern Trust were worth $673,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in NTRS. Juncture Wealth Strategies LLC increased its position in Northern Trust by 2.4% in the fourth 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 during the last quarter. Ballentine Partners LLC lifted 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 acquiring an additional 105 shares during the last quarter. Pallas Capital Advisors LLC grew its position in Northern Trust by 1.8% in the fourth quarter. Pallas Capital Advisors LLC now owns 6,091 shares of the asset manager's stock worth $624,000 after acquiring an additional 107 shares in the last quarter. Bradley Foster & Sargent Inc. CT raised its position in Northern Trust by 2.4% during the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 4,774 shares of the asset manager's stock valued at $489,000 after purchasing an additional 114 shares during the period. Finally, Brooklyn Investment Group lifted 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 purchasing an additional 128 shares during the last quarter. 83.19% of the stock is currently owned by hedge funds and other institutional investors.

Northern Trust Stock Up 1.0 %

Shares of NTRS stock traded up $0.92 on Monday, hitting $92.51. The stock had a trading volume of 1,058,391 shares, compared to its average volume of 1,250,892. The company has a quick ratio of 0.71, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. Northern Trust Co. has a one year low of $79.68 and a one year high of $114.67. The business has a 50 day moving average price of $97.80 and a 200 day moving average price of $102.89. The company has a market cap of $18.10 billion, a PE ratio of 9.46, a P/E/G ratio of 1.72 and a beta of 1.10.

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

Northern Trust Dividend Announcement

The business 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 of this dividend is Friday, June 6th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.24%. Northern Trust's dividend payout ratio is presently 27.99%.

Analyst Ratings Changes

Several research analysts have commented on NTRS shares. Bank of America dropped their price objective on shares of Northern Trust from $123.00 to $121.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. 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. Morgan Stanley decreased their price objective 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. UBS Group upped their target price on Northern Trust from $110.00 to $114.00 and gave the company a "neutral" rating in a research note on Monday, January 27th. Finally, Royal Bank of Canada decreased their price target on Northern Trust from $115.00 to $105.00 and set an "outperform" rating for the company in a research note on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $110.83.

Insider Transactions at Northern Trust

In other Northern Trust 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 value of $252,042.79. Following the completion of the sale, the insider now directly owns 58,449 shares in the company, valued at $6,585,448.83. This trade represents a 3.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Thomas A. South sold 3,804 shares of the stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $113.00, for a total value of $429,852.00. Following the sale, the executive vice president now owns 81,794 shares of the company's stock, valued at approximately $9,242,722. This represents a 4.44 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 35,335 shares of company stock valued at $3,970,211. Corporate insiders own 0.77% of the company's stock.

Northern Trust 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.