Mirae Asset Global Investments Co. Ltd. Boosts Position in Northern Trust Co. (NASDAQ:NTRS)

Mirae Asset Global Investments Co. Ltd. raised its position in Northern Trust Co. (NASDAQ:NTRS - Free Report) by 24.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 22,061 shares of the asset manager's stock after purchasing an additional 4,374 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Northern Trust were worth $2,286,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Brookstone Capital Management lifted its stake in Northern Trust by 6.0% in the third quarter. Brookstone Capital Management now owns 7,316 shares of the asset manager's stock valued at $659,000 after buying an additional 417 shares during the period. CWM LLC lifted its position in shares of Northern Trust by 26.1% during the 3rd quarter. CWM LLC now owns 12,183 shares of the asset manager's stock valued at $1,097,000 after acquiring an additional 2,520 shares during the period. UMB Bank n.a. lifted its position in shares of Northern Trust by 5.4% during the 3rd quarter. UMB Bank n.a. now owns 4,328 shares of the asset manager's stock valued at $390,000 after acquiring an additional 221 shares during the period. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in Northern Trust by 303.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 798 shares of the asset manager's stock worth $72,000 after acquiring an additional 600 shares in the last quarter. Finally, Ritholtz Wealth Management acquired a new stake in Northern Trust in the third quarter worth $488,000. 83.19% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on NTRS shares. Deutsche Bank Aktiengesellschaft raised their target price on Northern Trust from $100.00 to $108.00 and gave the company a "hold" rating in a research note on Monday, November 11th. Barclays raised their price objective 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. Bank of America upped their target price on Northern Trust from $103.00 to $115.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. Truist Financial lifted their price target on shares of Northern Trust from $110.00 to $116.00 and gave the company a "hold" rating in a research report on Friday, January 24th. Finally, StockNews.com upgraded shares of Northern Trust from a "hold" rating to a "buy" rating in a report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, Northern Trust presently has an average rating of "Hold" and a consensus price target of $112.58.

Insider Activity

In other Northern Trust news, 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 value of $100,296.00. Following the completion of the sale, the insider now directly owns 7,640 shares of the company's stock, valued at $851,401.60. The trade was a 10.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Vice Chairman Steven L. Fradkin sold 9,100 shares of the firm's stock in a transaction dated Friday, November 29th. The shares were 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. This trade represents a 15.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 40,631 shares of company stock valued at $4,550,459. Corporate insiders own 0.64% of the company's stock.

Northern Trust Price Performance

NASDAQ NTRS traded up $1.40 during trading hours on Thursday, hitting $111.50. The company had a trading volume of 702,286 shares, compared to its average volume of 1,170,344. The firm has a 50 day simple moving average of $106.51 and a 200 day simple moving average of $98.90. Northern Trust Co. has a 52 week low of $78.24 and a 52 week high of $114.67. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.71 and a current ratio of 0.68. The firm has a market capitalization of $22.10 billion, a price-to-earnings ratio of 11.40, a PEG ratio of 1.74 and a beta of 1.08.

Northern Trust (NASDAQ:NTRS - Get Free Report) last announced its quarterly earnings data 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%. Equities research analysts expect that Northern Trust Co. will post 8.2 earnings per share for the current year.

Northern Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be issued a $0.75 dividend. The ex-dividend date is Friday, March 14th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.69%. Northern Trust's payout ratio is 30.67%.

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.