Janney Montgomery Scott LLC Has $238,000 Stock Holdings in Northern Trust Co. (NASDAQ:NTRS)

Janney Montgomery Scott LLC decreased its position in Northern Trust Co. (NASDAQ:NTRS - Free Report) by 52.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,321 shares of the asset manager's stock after selling 2,521 shares during the period. Janney Montgomery Scott LLC's holdings in Northern Trust were worth $238,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Nisa Investment Advisors LLC boosted its holdings in Northern Trust by 1.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 25,368 shares of the asset manager's stock valued at $2,619,000 after acquiring an additional 444 shares during the last quarter. Ballentine Partners LLC lifted its stake in Northern Trust by 4.4% in the fourth 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 period. UMB Bank n.a. lifted its stake in Northern Trust by 18.3% in the fourth quarter. UMB Bank n.a. now owns 5,121 shares of the asset manager's stock valued at $525,000 after buying an additional 793 shares during the period. Aaron Wealth Advisors LLC acquired a new position in Northern Trust in the fourth quarter valued at about $235,000. Finally, Brooklyn Investment Group lifted its stake in Northern Trust by 51.2% in the fourth 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. Institutional investors own 83.19% of the company's stock.

Northern Trust Stock Down 0.7 %

NTRS stock traded down $0.73 during mid-day trading on Friday, reaching $110.77. The company had a trading volume of 1,440,523 shares, compared to its average volume of 1,162,977. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.71. The stock has a 50 day simple moving average of $106.60 and a two-hundred day simple moving average of $99.21. The company has a market capitalization of $21.96 billion, a price-to-earnings ratio of 11.33, a PEG ratio of 1.74 and a beta of 1.08. Northern Trust Co. has a 52 week low of $78.75 and a 52 week high of $114.67.

Northern Trust (NASDAQ:NTRS - Get Free Report) last posted 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 return on equity of 13.74% and a net margin of 12.77%. As a group, equities analysts predict that Northern Trust Co. will post 8.2 earnings per share for the current fiscal year.

Northern Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be paid a $0.75 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $3.00 dividend on an annualized basis and a yield of 2.71%. Northern Trust's dividend payout ratio is 30.67%.

Analyst Ratings Changes

Several research firms have weighed in on NTRS. Evercore ISI increased their target price on Northern Trust from $86.00 to $103.00 and gave the company an "in-line" rating in a research note on Thursday, October 24th. Deutsche Bank Aktiengesellschaft raised their price target on Northern Trust from $100.00 to $108.00 and gave the stock a "hold" rating in a research report on Monday, November 11th. Morgan Stanley dropped their price target on Northern Trust from $127.00 to $125.00 and set an "equal weight" rating on the stock in a research report on Friday, January 3rd. Truist Financial raised their price target on Northern Trust from $110.00 to $116.00 and gave the stock a "hold" rating in a research report on Friday, January 24th. Finally, Royal Bank of Canada raised their price target on Northern Trust from $107.00 to $115.00 and gave the stock an "outperform" rating in a research report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $112.58.

Insider Buying and Selling at Northern Trust

In related news, insider John Landers sold 900 shares of the business's stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $111.44, for a total transaction of $100,296.00. Following the transaction, the insider now directly owns 7,640 shares of the company's stock, valued at approximately $851,401.60. The trade was a 10.54 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman Steven L. Fradkin sold 9,100 shares of the business's stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $111.00, for a total value of $1,010,100.00. Following the transaction, the insider now directly owns 47,797 shares in the company, valued at $5,305,467. The trade was a 15.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 40,631 shares of company stock worth $4,550,459 over the last ninety days. 0.64% of the stock is currently 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.