Charles Schwab Investment Management Inc. Buys 8,102 Shares of Northern Trust Co. (NASDAQ:NTRS)

Charles Schwab Investment Management Inc. increased its stake in Northern Trust Co. (NASDAQ:NTRS - Free Report) by 0.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,267,406 shares of the asset manager's stock after acquiring an additional 8,102 shares during the period. Charles Schwab Investment Management Inc. owned about 0.64% of Northern Trust worth $129,909,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of NTRS. Farther Finance Advisors LLC grew its holdings in shares of Northern Trust by 238.7% in the third quarter. Farther Finance Advisors LLC now owns 3,275 shares of the asset manager's stock worth $295,000 after purchasing an additional 2,308 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in Northern Trust in the 3rd quarter worth $48,000. Mesirow Financial Investment Management Inc. increased its position in shares of Northern Trust by 0.4% in the third quarter. Mesirow Financial Investment Management Inc. now owns 35,673 shares of the asset manager's stock valued at $3,212,000 after acquiring an additional 127 shares during the period. Versor Investments LP bought a new position in shares of Northern Trust during the third quarter valued at about $918,000. Finally, Sumitomo Mitsui Trust Group Inc. increased its holdings in Northern Trust by 2.3% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 452,702 shares of the asset manager's stock valued at $40,757,000 after purchasing an additional 10,202 shares during the period. 83.19% of the stock is currently owned by hedge funds and other institutional investors.

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Northern Trust Stock Up 0.8 %

NASDAQ NTRS traded up $0.73 during mid-day trading on Wednesday, reaching $98.22. The stock had a trading volume of 742,705 shares, compared to its average volume of 1,257,687. The stock has a market cap of $19.22 billion, a PE ratio of 10.06, a price-to-earnings-growth ratio of 1.72 and a beta of 1.07. Northern Trust Co. has a 1 year low of $79.30 and a 1 year high of $114.67. 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 company has a fifty day moving average price of $108.08 and a 200 day moving average price of $102.07.

Northern Trust (NASDAQ:NTRS - Get Free Report) last announced its quarterly earnings results on Thursday, January 23rd. The asset manager reported $2.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.96 by $0.30. Northern Trust had a return on equity of 13.74% and a net margin of 12.77%. On average, research analysts expect that Northern Trust Co. will post 8.27 earnings per share for the current year.

Northern Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date is Friday, March 14th. Northern Trust's payout ratio is presently 30.67%.

Insider Activity

In other 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 transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider John Landers sold 900 shares of the company's stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $111.44, for a total value of $100,296.00. Following the sale, the insider now owns 7,640 shares of the company's stock, valued at approximately $851,401.60. This trade represents a 10.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 35,335 shares of company stock valued at $3,970,211 over the last three months. Insiders own 0.64% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on NTRS shares. Royal Bank of Canada lifted their target price on shares of Northern Trust from $107.00 to $115.00 and gave the company an "outperform" rating in a research note on Friday, January 24th. Keefe, Bruyette & Woods raised their target price on Northern Trust from $113.00 to $122.00 and gave the company a "market perform" rating in a research note on Friday, January 24th. Barclays increased their price objective on Northern Trust from $115.00 to $118.00 and gave the stock an "equal weight" rating in a report on Monday, January 6th. Morgan Stanley reduced their target price on shares of Northern Trust from $138.00 to $136.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 6th. Finally, StockNews.com cut shares of 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, nine have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $113.50.

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.