2,842 Shares in Northern Trust Co. (NASDAQ:NTRS) Bought by GWN Securities Inc.

GWN Securities Inc. purchased a new position in Northern Trust Co. (NASDAQ:NTRS - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,842 shares of the asset manager's stock, valued at approximately $315,000.

A number of other large investors have also modified their holdings of NTRS. Huntington National Bank increased its holdings in Northern Trust by 17.1% during the 3rd quarter. Huntington National Bank now owns 2,133 shares of the asset manager's stock worth $192,000 after purchasing an additional 311 shares during the period. CIBC Asset Management Inc increased its stake in shares of Northern Trust by 6.0% during the third quarter. CIBC Asset Management Inc now owns 34,598 shares of the asset manager's stock worth $3,115,000 after buying an additional 1,949 shares during the period. Empirical Finance LLC raised its holdings in Northern Trust by 2.2% in the third quarter. Empirical Finance LLC now owns 7,164 shares of the asset manager's stock valued at $645,000 after acquiring an additional 152 shares in the last quarter. Empowered Funds LLC lifted its stake in Northern Trust by 7.7% in the third quarter. Empowered Funds LLC now owns 4,094 shares of the asset manager's stock worth $369,000 after acquiring an additional 293 shares during the last quarter. Finally, Natixis Advisors LLC increased its position in shares of Northern Trust by 31.6% in the 3rd quarter. Natixis Advisors LLC now owns 81,774 shares of the asset manager's stock valued at $7,362,000 after purchasing an additional 19,655 shares during the last quarter. Hedge funds and other institutional investors own 83.19% of the company's stock.

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Northern Trust Stock Performance

Shares of NASDAQ NTRS traded down $0.10 during mid-day trading on Friday, hitting $98.77. 3,686,301 shares of the company were exchanged, compared to its average volume of 1,180,034. The stock has a 50 day simple moving average of $107.44 and a 200-day simple moving average of $102.32. Northern Trust Co. has a 1-year low of $79.32 and a 1-year high of $114.67. The company has a quick ratio of 0.71, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The firm has a market cap of $19.33 billion, a price-to-earnings ratio of 10.10, a price-to-earnings-growth ratio of 1.72 and a beta of 1.07.

Northern Trust (NASDAQ:NTRS - Get Free Report) last released its earnings results on Thursday, January 23rd. The asset manager reported $2.26 EPS for the quarter, topping 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%. On average, sell-side analysts forecast that Northern Trust Co. will post 8.27 EPS for the current fiscal year.

Northern Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date of this dividend is Friday, March 14th. Northern Trust's dividend payout ratio is presently 30.67%.

Insiders Place Their Bets

In related news, EVP Thomas A. South sold 3,804 shares of Northern Trust stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $113.00, for a total value of $429,852.00. Following the sale, the executive vice president now directly owns 81,794 shares in the company, valued at $9,242,722. The trade was a 4.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Peter Cherecwich sold 26,132 shares of the stock in a transaction on Wednesday, January 29th. The stock was sold at an average price of $112.36, for a total value of $2,936,191.52. Following the completion of the transaction, the chief operating officer now owns 26,586 shares of the company's stock, valued at $2,987,202.96. The trade was a 49.57 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 35,335 shares of company stock worth $3,970,211. Company insiders own 0.64% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on NTRS shares. Keefe, Bruyette & Woods boosted their target price on shares of Northern Trust from $113.00 to $122.00 and gave the stock a "market perform" rating in a research note on Friday, January 24th. Royal Bank of Canada increased their price objective on Northern Trust from $107.00 to $115.00 and gave the company an "outperform" rating in a report on Friday, January 24th. StockNews.com cut Northern Trust from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Truist Financial increased their price target on shares of Northern Trust from $110.00 to $116.00 and gave the company a "hold" rating in a research note on Friday, January 24th. Finally, Morgan Stanley lowered their target price on shares of Northern Trust from $138.00 to $136.00 and set an "equal weight" rating for the company in a report on Thursday, March 6th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $113.50.

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.