Northern Trust Co. (NASDAQ:NTRS) Shares Acquired by Natixis

Natixis lifted its position in Northern Trust Co. (NASDAQ:NTRS - Free Report) by 168.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 122,472 shares of the asset manager's stock after acquiring an additional 76,858 shares during the period. Natixis owned 0.06% of Northern Trust worth $12,553,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Y.D. More Investments Ltd grew its holdings in shares of Northern Trust by 118.4% during the fourth quarter. Y.D. More Investments Ltd now owns 249 shares of the asset manager's stock worth $26,000 after buying an additional 135 shares in the last quarter. Assetmark Inc. grew its stake in Northern Trust by 528.3% during the 4th quarter. Assetmark Inc. now owns 377 shares of the asset manager's stock valued at $39,000 after acquiring an additional 317 shares in the last quarter. Brooklyn Investment Group grew its stake in Northern Trust by 51.2% during the 4th quarter. Brooklyn Investment Group now owns 378 shares of the asset manager's stock valued at $39,000 after acquiring an additional 128 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in Northern Trust by 83.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 494 shares of the asset manager's stock valued at $51,000 after acquiring an additional 224 shares during the last quarter. Finally, Friedenthal Financial purchased a new position in Northern Trust in the 4th quarter worth approximately $57,000. 83.19% of the stock is currently owned by hedge funds and other institutional investors.

Northern Trust Stock Up 1.4 %

NTRS traded up $1.24 during trading hours on Wednesday, hitting $90.60. 1,605,732 shares of the company's stock were exchanged, compared to its average volume of 1,254,132. 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 12-month low of $79.68 and a 12-month high of $114.67. The firm has a market cap of $17.73 billion, a P/E ratio of 9.26, a price-to-earnings-growth ratio of 1.72 and a beta of 1.10. The firm has a 50 day moving average of $99.01 and a 200 day moving average of $102.79.

Northern Trust (NASDAQ:NTRS - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The asset manager reported $1.90 EPS for the quarter, topping analysts' consensus estimates of $1.85 by $0.05. Northern Trust had a return on equity of 13.74% and a net margin of 12.77%. The business had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.95 billion. Analysts predict that Northern Trust Co. will post 8.27 EPS for the current fiscal year.

Northern Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 6th will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 3.31%. The ex-dividend date of this dividend is Friday, June 6th. Northern Trust's dividend payout ratio (DPR) is presently 30.67%.

Insiders Place Their Bets

In other Northern Trust news, EVP Thomas A. South sold 3,804 shares of the firm's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $113.00, for a total transaction of $429,852.00. Following the transaction, the executive vice president now owns 81,794 shares of the company's stock, valued at approximately $9,242,722. This trade represents a 4.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Jane Karpinski sold 2,262 shares of the business's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $111.33, for a total value of $251,828.46. Following the completion of the sale, the executive vice president now directly owns 17,236 shares of the company's stock, valued at $1,918,883.88. The trade was a 11.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 35,335 shares of company stock valued at $3,970,211 in the last ninety days. Insiders own 0.77% of the company's stock.

Wall Street Analyst Weigh In

NTRS has been the subject of several recent research reports. Barclays increased their price target on Northern Trust from $115.00 to $118.00 and gave the company an "equal weight" rating in a report on Monday, January 6th. Morgan Stanley lowered their price target on shares of Northern Trust from $136.00 to $132.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 2nd. UBS Group upped their price objective on shares of Northern Trust from $110.00 to $114.00 and gave the company a "neutral" rating in a report on Monday, January 27th. Truist Financial reduced their target price on shares of Northern Trust from $98.00 to $92.00 and set a "hold" rating on the stock in a research note on Wednesday. Finally, Evercore ISI dropped their price target on shares of Northern Trust from $104.00 to $100.00 and set an "in-line" rating for the company in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Northern Trust currently has an average rating of "Hold" and a consensus price target of $110.83.

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.