Korea Investment CORP Sells 4,055 Shares of Northern Trust Co. (NASDAQ:NTRS)

Korea Investment CORP decreased its position in Northern Trust Co. (NASDAQ:NTRS - Free Report) by 2.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 166,117 shares of the asset manager's stock after selling 4,055 shares during the period. Korea Investment CORP owned approximately 0.08% of Northern Trust worth $17,027,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. JPMorgan Chase & Co. raised its stake in shares of Northern Trust by 9.9% during the third quarter. JPMorgan Chase & Co. now owns 4,296,442 shares of the asset manager's stock valued at $386,809,000 after purchasing an additional 388,692 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Northern Trust by 1.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,577,091 shares of the asset manager's stock worth $141,986,000 after buying an additional 16,500 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Northern Trust by 0.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,267,406 shares of the asset manager's stock worth $129,909,000 after acquiring an additional 8,102 shares during the period. KBC Group NV lifted its stake in shares of Northern Trust by 201.6% in the 4th quarter. KBC Group NV now owns 963,811 shares of the asset manager's stock worth $98,791,000 after acquiring an additional 644,261 shares during the period. Finally, Boston Trust Walden Corp raised its holdings in Northern Trust by 1.6% during the fourth quarter. Boston Trust Walden Corp now owns 928,854 shares of the asset manager's stock worth $95,208,000 after purchasing an additional 14,362 shares in the last quarter. Institutional investors and hedge funds own 83.19% of the company's stock.

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Analyst Ratings Changes

A number of equities analysts have issued reports on NTRS shares. Barclays increased their price target on Northern Trust from $115.00 to $118.00 and gave the company an "equal weight" rating in a research note on Monday, January 6th. Truist Financial raised their target price on Northern Trust from $110.00 to $116.00 and gave the company a "hold" rating in a research note on Friday, January 24th. StockNews.com cut shares of Northern Trust from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Keefe, Bruyette & Woods raised their price objective on shares of Northern Trust from $113.00 to $122.00 and gave the company a "market perform" rating in a research report on Friday, January 24th. Finally, Morgan Stanley dropped their target price on shares of Northern Trust from $138.00 to $136.00 and set an "equal weight" rating on the stock in a report on Thursday, March 6th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, Northern Trust presently has a consensus rating of "Hold" and a consensus target price of $113.54.

Insiders Place Their Bets

In other Northern Trust news, EVP Thomas A. South sold 3,804 shares of the stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 81,794 shares in the company, valued at $9,242,722. This represents a 4.44 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John Landers sold 900 shares of the business's stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $111.44, for a total transaction of $100,296.00. Following the transaction, the insider now owns 7,640 shares in the company, valued at approximately $851,401.60. This represents a 10.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 35,335 shares of company stock worth $3,970,211. 0.77% of the stock is currently owned by company insiders.

Northern Trust Trading Down 0.7 %

Shares of NTRS stock traded down $0.70 during trading hours on Tuesday, reaching $97.95. 1,275,479 shares of the stock traded hands, compared to its average volume of 1,230,883. 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 capitalization of $19.17 billion, a PE ratio of 10.02, a PEG ratio of 1.72 and a beta of 1.07. Northern Trust Co. has a 1-year low of $79.32 and a 1-year high of $114.67. The business has a fifty day moving average price of $106.88 and a 200 day moving average price of $103.07.

Northern Trust (NASDAQ:NTRS - Get Free Report) last posted its quarterly earnings data on Thursday, January 23rd. The asset manager reported $2.26 earnings per share 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, equities research analysts forecast that Northern Trust Co. will post 8.27 EPS for the current year.

Northern Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 3.06%. The ex-dividend date is Friday, March 14th. Northern Trust's dividend payout ratio is currently 30.67%.

About Northern Trust

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.