Fox Run Management L.L.C. lessened its holdings in Northern Trust Co. (NASDAQ:NTRS - Free Report) by 83.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,293 shares of the asset manager's stock after selling 11,263 shares during the quarter. Fox Run Management L.L.C.'s holdings in Northern Trust were worth $235,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of NTRS. Juncture Wealth Strategies LLC lifted its position in Northern Trust by 2.4% during the fourth quarter. Juncture Wealth Strategies LLC now owns 4,212 shares of the asset manager's stock worth $432,000 after purchasing an additional 100 shares during the period. Ballentine Partners LLC increased its stake in shares of Northern Trust by 4.4% in the fourth quarter. Ballentine Partners LLC now owns 2,483 shares of the asset manager's stock valued at $255,000 after buying an additional 105 shares during the period. Pallas Capital Advisors LLC raised its stake in shares of Northern Trust by 1.8% during the fourth quarter. Pallas Capital Advisors LLC now owns 6,091 shares of the asset manager's stock valued at $624,000 after acquiring an additional 107 shares during the last quarter. Bradley Foster & Sargent Inc. CT lifted its stake in shares of Northern Trust by 2.4% in the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 4,774 shares of the asset manager's stock worth $489,000 after acquiring an additional 114 shares during the period. Finally, Brooklyn Investment Group boosted its stake 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 valued at $39,000 after purchasing an additional 128 shares during the last quarter. 83.19% of the stock is currently owned by institutional investors and hedge funds.
Northern Trust Price Performance
Shares of NASDAQ NTRS traded up $1.50 during midday trading on Monday, hitting $98.65. 1,792,881 shares of the company's stock were exchanged, compared to its average volume of 1,230,706. The company has a current ratio of 0.68, a quick ratio of 0.71 and a debt-to-equity ratio of 0.58. The business's fifty day moving average price is $107.04 and its two-hundred day moving average price is $102.99. The company has a market cap of $19.31 billion, a price-to-earnings ratio of 10.09, a PEG ratio of 1.72 and a beta of 1.07. Northern Trust Co. has a 12-month low of $79.32 and a 12-month high of $114.67.
Northern Trust (NASDAQ:NTRS - Get Free Report) last posted 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%. As a group, research analysts forecast that Northern Trust Co. will post 8.27 EPS for the current fiscal year.
Northern Trust Dividend Announcement
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 paid a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 3.04%. The ex-dividend date of this dividend is Friday, March 14th. Northern Trust's dividend payout ratio is currently 30.67%.
Analyst Ratings Changes
Several equities research analysts recently commented on NTRS shares. Royal Bank of Canada raised their target price on Northern Trust from $107.00 to $115.00 and gave the stock an "outperform" rating in a research note on Friday, January 24th. Wells Fargo & Company reduced their target price on Northern Trust from $119.00 to $118.00 and set an "equal weight" rating for the company in a research note on Friday. Citigroup lowered their target price on Northern Trust from $110.00 to $105.00 and set a "neutral" rating on the stock in a research report on Monday, March 24th. Truist Financial lifted their price target on Northern Trust from $110.00 to $116.00 and gave the company a "hold" rating in a research note on Friday, January 24th. Finally, Keefe, Bruyette & Woods increased their price target 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 research analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $113.46.
Read Our Latest Analysis on NTRS
Insider Buying and Selling at Northern Trust
In other Northern Trust news, COO Peter Cherecwich sold 26,132 shares of the business's stock in a transaction that occurred on Wednesday, January 29th. The stock was sold at an average price of $112.36, for a total value of $2,936,191.52. Following the completion of the sale, the chief operating officer now owns 26,586 shares in the company, valued at approximately $2,987,202.96. The trade was a 49.57 % decrease in their ownership of the stock. 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 company's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $113.00, for a total transaction of $429,852.00. Following the sale, the executive vice president now owns 81,794 shares of the company's stock, valued at $9,242,722. This represents a 4.44 % decrease in their ownership of the stock. 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 ninety days. Insiders own 0.77% of the company's stock.
Northern Trust Profile
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Free Report)
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.
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