Natixis Advisors LLC Has $9.21 Million Stake in Northern Trust Co. (NASDAQ:NTRS)

Natixis Advisors LLC boosted its position in Northern Trust Co. (NASDAQ:NTRS - Free Report) by 9.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 89,827 shares of the asset manager's stock after buying an additional 8,053 shares during the quarter. Natixis Advisors LLC's holdings in Northern Trust were worth $9,207,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of NTRS. Frank Rimerman Advisors LLC acquired a new position in shares of Northern Trust in the 4th quarter valued at about $213,000. Madison Investment Advisors LLC bought a new position in Northern Trust in the fourth quarter worth about $7,510,000. CFO4Life Group LLC acquired a new position in Northern Trust in the fourth quarter valued at approximately $649,000. PGGM Investments bought a new position in shares of Northern Trust during the fourth quarter valued at approximately $3,229,000. Finally, Skandinaviska Enskilda Banken AB publ raised its position in shares of Northern Trust by 202.2% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 119,016 shares of the asset manager's stock worth $12,227,000 after purchasing an additional 79,628 shares during the period. Institutional investors and hedge funds own 83.19% of the company's stock.

Insider Buying and Selling at Northern Trust

In related news, insider Jason J. Tyler sold 2,237 shares of the company's stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $112.67, for a total transaction of $252,042.79. Following the transaction, the insider now directly owns 58,449 shares of the company's stock, valued at approximately $6,585,448.83. The trade was a 3.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Peter Cherecwich sold 26,132 shares of the firm's stock in a transaction dated 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 sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 35,335 shares of company stock valued at $3,970,211 in the last three months. 0.64% of the stock is currently owned by company insiders.

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Northern Trust Trading Up 0.2 %

Shares of Northern Trust stock traded up $0.16 on Tuesday, reaching $101.60. 979,108 shares of the company were exchanged, compared to its average volume of 1,177,691. The company has a current ratio of 0.68, a quick ratio of 0.71 and a debt-to-equity ratio of 0.58. Northern Trust Co. has a fifty-two week low of $79.32 and a fifty-two week high of $114.67. The firm has a market capitalization of $19.88 billion, a price-to-earnings ratio of 10.39, a price-to-earnings-growth ratio of 1.72 and a beta of 1.07. The stock has a fifty day moving average price of $107.45 and a 200-day moving average price of $102.63.

Northern Trust (NASDAQ:NTRS - Get Free Report) last posted its quarterly earnings data on Thursday, January 23rd. The asset manager reported $2.26 EPS for the quarter, beating analysts' consensus estimates 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, analysts expect that Northern Trust Co. will post 8.27 EPS for the current year.

Northern Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 2.95%. The ex-dividend date of this dividend is Friday, March 14th. Northern Trust's payout ratio is 30.67%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on NTRS shares. Keefe, Bruyette & Woods boosted their price objective on Northern Trust from $113.00 to $122.00 and gave the company a "market perform" rating in a research report on Friday, January 24th. Truist Financial boosted their price target on shares of Northern Trust from $110.00 to $116.00 and gave the company a "hold" rating in a report on Friday, January 24th. Royal Bank of Canada lifted their price objective on shares of Northern Trust from $107.00 to $115.00 and gave the company an "outperform" rating in a research report on Friday, January 24th. Barclays upped their target price on shares of Northern Trust from $115.00 to $118.00 and gave the stock an "equal weight" rating in a research report on Monday, January 6th. Finally, The Goldman Sachs Group lifted their price target on Northern Trust from $92.00 to $102.00 and gave the company a "sell" rating in a report on Friday, January 24th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $112.85.

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.