Northern Trust Co. (NASDAQ:NTRS) Shares Sold by Mariner LLC

Mariner LLC lessened its holdings in shares of Northern Trust Co. (NASDAQ:NTRS - Free Report) by 12.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 102,809 shares of the asset manager's stock after selling 14,812 shares during the quarter. Mariner LLC owned 0.05% of Northern Trust worth $10,538,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of NTRS. Y.D. More Investments Ltd grew its stake in Northern Trust by 118.4% in the fourth 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 bought a new position in Northern Trust during the 4th quarter worth approximately $33,000. Brooklyn Investment Group grew its position in shares of 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 in the last quarter. Assetmark Inc. increased its holdings in shares of Northern Trust by 528.3% in 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 during the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in shares of Northern Trust during the 4th quarter valued at approximately $51,000. 83.19% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Northern Trust

In other Northern Trust news, insider Jason J. Tyler sold 2,237 shares of the 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 completion of the transaction, the insider now directly owns 58,449 shares of the company's stock, valued at approximately $6,585,448.83. This trade represents a 3.69 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Thomas A. South sold 3,804 shares of the business's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $113.00, for a total value of $429,852.00. Following the completion of the sale, the executive vice president now directly owns 81,794 shares in the company, valued at $9,242,722. This represents a 4.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 35,335 shares of company stock worth $3,970,211 over the last quarter. 0.77% of the stock is currently owned by company insiders.

Northern Trust Stock Performance

Shares of NASDAQ:NTRS traded up $3.58 on Wednesday, hitting $92.94. The company's stock had a trading volume of 339,037 shares, compared to its average volume of 1,250,423. Northern Trust Co. has a 12 month low of $79.68 and a 12 month high of $114.67. The stock's 50-day moving average is $99.01 and its two-hundred day moving average is $102.79. 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 company has a market capitalization of $18.19 billion, a price-to-earnings ratio of 9.50, a price-to-earnings-growth ratio of 1.72 and a beta of 1.10.

Northern Trust (NASDAQ:NTRS - Get Free Report) last released its earnings results on Tuesday, April 22nd. The asset manager reported $1.90 EPS for the quarter, beating the consensus estimate of $1.85 by $0.05. Northern Trust had a net margin of 12.77% and a return on equity of 13.74%. The firm had revenue of $1.95 billion for the quarter, compared to analysts' expectations of $1.95 billion. On average, equities research analysts forecast that Northern Trust Co. will post 8.27 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Evercore ISI decreased their price objective on shares of Northern Trust from $104.00 to $100.00 and set an "in-line" rating for the company in a report on Wednesday. Keefe, Bruyette & Woods boosted their price objective on shares of Northern Trust from $113.00 to $122.00 and gave the company a "market perform" rating in a research report on Friday, January 24th. Citigroup dropped their price objective on shares of Northern Trust from $110.00 to $105.00 and set a "neutral" rating on the stock in a research note on Monday, March 24th. Truist Financial decreased their target price on Northern Trust from $116.00 to $98.00 and set a "hold" rating for the company in a research note on Friday, April 4th. Finally, StockNews.com cut Northern Trust from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, Northern Trust currently has a consensus rating of "Hold" and an average price target of $112.75.

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.