Mizuho Securities USA LLC Purchases 5,712 Shares of Northern Trust Co. (NASDAQ:NTRS)

Mizuho Securities USA LLC grew its position in shares of Northern Trust Co. (NASDAQ:NTRS - Free Report) by 43.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,787 shares of the asset manager's stock after buying an additional 5,712 shares during the quarter. Mizuho Securities USA LLC's holdings in Northern Trust were worth $1,926,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. FMR LLC increased its position in Northern Trust by 9.3% in the 3rd quarter. FMR LLC now owns 18,187,663 shares of the asset manager's stock valued at $1,637,435,000 after acquiring an additional 1,542,685 shares in the last quarter. KBC Group NV boosted its holdings in Northern Trust by 201.6% in the fourth quarter. KBC Group NV now owns 963,811 shares of the asset manager's stock valued at $98,791,000 after acquiring an additional 644,261 shares during the last quarter. JPMorgan Chase & Co. increased its position in Northern Trust by 9.9% in the third quarter. JPMorgan Chase & Co. now owns 4,296,442 shares of the asset manager's stock worth $386,809,000 after purchasing an additional 388,692 shares during the period. Robeco Institutional Asset Management B.V. raised its holdings in Northern Trust by 62.8% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 678,461 shares of the asset manager's stock worth $69,542,000 after purchasing an additional 261,797 shares during the last quarter. Finally, Teacher Retirement System of Texas lifted its position in Northern Trust by 49.2% during the 4th quarter. Teacher Retirement System of Texas now owns 359,304 shares of the asset manager's stock valued at $36,829,000 after purchasing an additional 118,544 shares during the period. Institutional investors and hedge funds own 83.19% of the company's stock.

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Insider Buying and Selling at Northern Trust

In other Northern Trust news, COO Peter Cherecwich sold 26,132 shares of the stock in a transaction on Wednesday, January 29th. The stock was sold at an average price of $112.36, for a total transaction of $2,936,191.52. Following the transaction, the chief operating officer now owns 26,586 shares in the company, valued at $2,987,202.96. This trade represents a 49.57 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Thomas A. South sold 3,804 shares of Northern Trust 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 sale, the executive vice president now directly owns 81,794 shares of the company's stock, 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 a total of 35,335 shares of company stock valued at $3,970,211 in the last three months. 0.64% of the stock is currently owned by company insiders.

Northern Trust Stock Performance

NASDAQ:NTRS traded down $3.40 on Friday, hitting $97.15. The company's stock had a trading volume of 1,524,351 shares, compared to its average volume of 1,228,457. 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 one year low of $79.32 and a one year high of $114.67. The stock has a fifty day moving average of $107.23 and a two-hundred day moving average of $102.71. The firm has a market capitalization of $19.01 billion, a P/E ratio of 9.93, a price-to-earnings-growth ratio of 1.72 and a beta of 1.07.

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 the consensus estimate of $1.96 by $0.30. Northern Trust had a return on equity of 13.74% and a net margin of 12.77%. Research analysts predict 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. Investors of record on Friday, March 14th will be paid a $0.75 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $3.00 dividend on an annualized basis and a yield of 3.09%. Northern Trust's dividend payout ratio (DPR) is currently 30.67%.

Analyst Ratings Changes

A number of research firms recently weighed in on NTRS. Morgan Stanley dropped their price target on shares of Northern Trust from $138.00 to $136.00 and set an "equal weight" rating for the company in a research note on Thursday, March 6th. Citigroup cut their price target on Northern Trust from $110.00 to $105.00 and set a "neutral" rating on the stock in a research note on Monday. The Goldman Sachs Group upped their price objective on Northern Trust from $92.00 to $102.00 and gave the company a "sell" rating in a report on Friday, January 24th. Barclays raised their target price on Northern Trust from $115.00 to $118.00 and gave the stock an "equal weight" rating in a report on Monday, January 6th. Finally, UBS Group upped their price target on Northern Trust from $110.00 to $114.00 and gave the company a "neutral" rating in a research note on Monday, January 27th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $113.46.

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.