Nicholas Company Inc. Sells 10,967 Shares of Northern Trust Co. (NASDAQ:NTRS)

Nicholas Company Inc. lowered its stake in shares of Northern Trust Co. (NASDAQ:NTRS - Free Report) by 8.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 116,101 shares of the asset manager's stock after selling 10,967 shares during the period. Nicholas Company Inc. owned 0.06% of Northern Trust worth $11,900,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of NTRS. Y.D. More Investments Ltd lifted its stake in Northern Trust by 118.4% in the 4th quarter. Y.D. More Investments Ltd now owns 249 shares of the asset manager's stock worth $26,000 after purchasing an additional 135 shares in the last quarter. Empirical Asset Management LLC purchased a new position in Northern Trust during the 4th quarter valued at approximately $33,000. Brooklyn Investment Group increased its stake in Northern Trust by 51.2% in the 4th quarter. Brooklyn Investment Group now owns 378 shares of the asset manager's stock worth $39,000 after acquiring an additional 128 shares during the last quarter. Assetmark Inc. raised its holdings in shares of Northern Trust by 528.3% during the 4th quarter. Assetmark Inc. now owns 377 shares of the asset manager's stock worth $39,000 after acquiring an additional 317 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new position in shares of Northern Trust during the 4th quarter valued at approximately $51,000. Institutional investors own 83.19% of the company's stock.

Northern Trust Trading Down 0.4 %

Shares of NASDAQ NTRS traded down $0.40 during mid-day trading on Thursday, reaching $98.87. The company had a trading volume of 1,219,868 shares, compared to its average volume of 1,171,102. The stock has a market cap of $19.35 billion, a price-to-earnings ratio of 10.11, a price-to-earnings-growth ratio of 1.72 and a beta of 1.07. Northern Trust Co. has a 52 week low of $79.32 and a 52 week high of $114.67. The business's 50-day moving average is $107.51 and its 200-day moving average is $102.34. The company has a current ratio of 0.68, a quick ratio of 0.71 and a debt-to-equity ratio of 0.58.

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Northern Trust (NASDAQ:NTRS - Get Free Report) last issued its earnings results on Thursday, January 23rd. The asset manager reported $2.26 EPS for the quarter, topping 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%. Equities analysts expect that Northern Trust Co. will post 8.27 earnings per share for the current year.

Northern Trust Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date is Friday, March 14th. Northern Trust's dividend payout ratio (DPR) is presently 30.67%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Morgan Stanley decreased their price target on shares of Northern Trust from $138.00 to $136.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 6th. Truist Financial increased 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. Barclays boosted their price objective on Northern Trust from $115.00 to $118.00 and gave the stock an "equal weight" rating in a research note on Monday, January 6th. The Goldman Sachs Group raised their price objective on Northern Trust from $92.00 to $102.00 and gave the company a "sell" rating in a research note on Friday, January 24th. Finally, Keefe, Bruyette & Woods boosted their target price 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. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $113.50.

Insiders Place Their Bets

In related news, insider Jason J. Tyler sold 2,237 shares of the company's stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $112.67, for a total value of $252,042.79. Following the completion of the sale, the insider now directly owns 58,449 shares of the company's stock, valued at $6,585,448.83. This represents a 3.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John Landers sold 900 shares of the firm's stock in a transaction dated 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 directly owns 7,640 shares in the company, valued at $851,401.60. This trade represents a 10.54 % decrease in their position. 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. 0.64% of the stock is currently owned by company insiders.

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.