U S Global Investors Inc. Sells 2,300 Shares of Northern Trust Co. (NASDAQ:NTRS)

U S Global Investors Inc. lowered its stake in Northern Trust Co. (NASDAQ:NTRS - Free Report) by 24.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,100 shares of the asset manager's stock after selling 2,300 shares during the period. U S Global Investors Inc.'s holdings in Northern Trust were worth $728,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of NTRS. Y.D. More Investments Ltd increased its holdings in shares of 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 buying an additional 135 shares during the period. Empirical Asset Management LLC purchased a new position in shares of Northern Trust in the fourth quarter worth about $33,000. Brooklyn Investment Group increased its holdings in shares of Northern Trust by 51.2% in the fourth quarter. Brooklyn Investment Group now owns 378 shares of the asset manager's stock worth $39,000 after buying an additional 128 shares during the period. Capital Performance Advisors LLP purchased a new position in shares of Northern Trust in the third quarter worth about $48,000. Finally, Proficio Capital Partners LLC purchased a new position in shares of Northern Trust in the fourth quarter worth about $51,000. Hedge funds and other institutional investors own 83.19% of the company's stock.

Wall Street Analyst Weigh In

NTRS has been the topic of several analyst reports. Morgan Stanley decreased their price objective on Northern Trust from $127.00 to $125.00 and set an "equal weight" rating on the stock in a report on Friday, January 3rd. Wells Fargo & Company boosted their price target on Northern Trust from $108.00 to $110.00 and gave the company an "equal weight" rating in a report on Friday, November 15th. Keefe, Bruyette & Woods boosted their price target on Northern Trust from $113.00 to $122.00 and gave the company a "market perform" rating in a report on Friday, January 24th. Royal Bank of Canada boosted their price target on Northern Trust from $107.00 to $115.00 and gave the company an "outperform" rating in a report on Friday, January 24th. Finally, StockNews.com downgraded Northern Trust from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Northern Trust currently has a consensus rating of "Hold" and a consensus price target of $112.58.

Insider Transactions at Northern Trust

In related news, EVP Thomas A. South sold 3,804 shares of the company's stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 81,794 shares of the company's stock, valued at approximately $9,242,722. This represents a 4.44 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Jane Karpinski sold 2,262 shares of the company's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $111.33, for a total value of $251,828.46. Following the completion of the transaction, the executive vice president now directly owns 17,236 shares in the company, valued at $1,918,883.88. This trade represents a 11.60 % decrease in their ownership of the stock. 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 ninety days. 0.64% of the stock is currently owned by corporate insiders.

Northern Trust Stock Down 0.7 %

Shares of NTRS stock traded down $0.82 during midday trading on Monday, reaching $109.40. 1,223,120 shares of the stock were exchanged, compared to its average volume of 1,223,681. Northern Trust Co. has a 1 year low of $79.30 and a 1 year high of $114.67. The company's 50 day moving average is $108.16 and its two-hundred day moving average is $101.41. 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 firm has a market cap of $21.41 billion, a PE ratio of 11.19, a price-to-earnings-growth ratio of 1.72 and a beta of 1.08.

Northern Trust (NASDAQ:NTRS - Get Free Report) last issued its quarterly 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 return on equity of 13.74% and a net margin of 12.77%. On average, equities research analysts predict that Northern Trust Co. will post 8.27 EPS 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 given 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 dividend yield of 2.74%. Northern Trust's dividend payout ratio is currently 30.67%.

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.