New York State Teachers Retirement System Has $19.87 Million Stock Position in Northern Trust Co. (NASDAQ:NTRS)

New York State Teachers Retirement System reduced its stake in Northern Trust Co. (NASDAQ:NTRS - Free Report) by 3.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 193,820 shares of the asset manager's stock after selling 6,847 shares during the period. New York State Teachers Retirement System owned 0.10% of Northern Trust worth $19,867,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Quent Capital LLC lifted its stake in Northern Trust by 158.7% during the fourth quarter. Quent Capital LLC now owns 934 shares of the asset manager's stock valued at $96,000 after purchasing an additional 573 shares during the last quarter. Oceanside Advisors LLC lifted its stake in Northern Trust by 8.6% during the fourth quarter. Oceanside Advisors LLC now owns 3,803 shares of the asset manager's stock valued at $390,000 after purchasing an additional 300 shares during the last quarter. Cigna Investments Inc. New acquired a new stake in Northern Trust during the fourth quarter valued at approximately $207,000. Stiles Financial Services Inc lifted its stake in Northern Trust by 3.5% during the fourth quarter. Stiles Financial Services Inc now owns 13,549 shares of the asset manager's stock valued at $1,389,000 after purchasing an additional 453 shares during the last quarter. Finally, Entropy Technologies LP lifted its stake in Northern Trust by 106.2% during the fourth quarter. Entropy Technologies LP now owns 17,094 shares of the asset manager's stock valued at $1,752,000 after purchasing an additional 8,803 shares during the last quarter. 83.19% of the stock is owned by institutional investors and hedge funds.

Northern Trust Stock Down 0.2 %

Northern Trust stock traded down $0.22 during trading hours on Thursday, hitting $113.53. The company had a trading volume of 1,945,585 shares, compared to its average volume of 1,210,718. The firm has a market capitalization of $22.50 billion, a P/E ratio of 11.61, a price-to-earnings-growth ratio of 1.73 and a beta of 1.08. 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 firm's fifty day moving average is $106.92 and its 200-day moving average is $99.76. Northern Trust Co. has a fifty-two week low of $78.96 and a fifty-two week high of $114.67.

Northern Trust (NASDAQ:NTRS - Get Free Report) last released its quarterly earnings data on Thursday, January 23rd. The asset manager reported $2.26 earnings per share for the quarter, beating 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, research analysts forecast that Northern Trust Co. will post 8.25 earnings per share for the current year.

Northern Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $3.00 annualized dividend and a dividend yield of 2.64%. Northern Trust's dividend payout ratio (DPR) is 30.67%.

Insider Transactions at Northern Trust

In related news, Vice Chairman Steven L. Fradkin sold 9,100 shares of the company's stock in a transaction on Friday, November 29th. The shares were sold at an average price of $111.00, for a total transaction of $1,010,100.00. Following the completion of the sale, the insider now directly owns 47,797 shares of the company's stock, valued at approximately $5,305,467. This represents a 15.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 sale, the insider now directly owns 58,449 shares of the company's stock, valued at approximately $6,585,448.83. This represents a 3.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 40,631 shares of company stock worth $4,550,459 in the last 90 days. 0.64% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

NTRS has been the subject of several recent research reports. Truist Financial increased their target price on shares of Northern Trust from $110.00 to $116.00 and gave the company a "hold" rating in a research note on Friday, January 24th. Bank of America increased their target price on shares of Northern Trust from $103.00 to $115.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Royal Bank of Canada boosted their price target on shares of Northern Trust from $107.00 to $115.00 and gave the company an "outperform" rating in a report on Friday, January 24th. StockNews.com upgraded shares of Northern Trust from a "hold" rating to a "buy" rating in a report on Friday, January 24th. Finally, UBS Group boosted their price target 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. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $112.58.

Northern Trust 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.