Vanguard Group Inc. Sells 191,083 Shares of Northern Trust Co. (NASDAQ:NTRS)

Vanguard Group Inc. reduced its position in shares of Northern Trust Co. (NASDAQ:NTRS - Free Report) by 0.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 22,527,609 shares of the asset manager's stock after selling 191,083 shares during the period. Vanguard Group Inc. owned 11.36% of Northern Trust worth $2,309,080,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Y.D. More Investments Ltd boosted its holdings in Northern Trust by 118.4% during the fourth quarter. Y.D. More Investments Ltd now owns 249 shares of the asset manager's stock valued at $26,000 after acquiring an additional 135 shares during the period. Empirical Asset Management LLC bought a new stake in Northern Trust during the 4th quarter valued at approximately $33,000. Brooklyn Investment Group grew its holdings in 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 buying an additional 128 shares during the last quarter. Assetmark Inc. increased its position in Northern Trust by 528.3% in the 4th quarter. Assetmark Inc. now owns 377 shares of the asset manager's stock worth $39,000 after buying an additional 317 shares during the period. Finally, Proficio Capital Partners LLC acquired a new position in shares of Northern Trust during the fourth quarter worth approximately $51,000. 83.19% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Northern Trust

In other news, insider John Landers sold 900 shares of the stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $111.44, for a total transaction of $100,296.00. Following the completion of the sale, the insider now owns 7,640 shares of the company's stock, valued at $851,401.60. This represents a 10.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Thomas A. South sold 3,804 shares of the business'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 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 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 over the last 90 days. 0.77% of the stock is owned by company insiders.

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Analysts Set New Price Targets

A number of equities analysts recently issued reports on NTRS shares. UBS Group boosted their target price on shares of Northern Trust from $110.00 to $114.00 and gave the stock a "neutral" rating in a research report on Monday, January 27th. Barclays upped their price objective on shares of Northern Trust from $115.00 to $118.00 and gave the company an "equal weight" rating in a research report on Monday, January 6th. Citigroup decreased 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. Royal Bank of Canada upped 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 lowered Northern Trust from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $113.46.

Northern Trust Price Performance

Shares of NASDAQ:NTRS traded up $1.50 during trading on Monday, reaching $98.65. The stock had a trading volume of 1,792,881 shares, compared to its average volume of 1,230,706. The stock has a market capitalization of $19.31 billion, a PE ratio of 10.09, a P/E/G ratio of 1.72 and a beta of 1.07. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.71. Northern Trust Co. has a 52 week low of $79.32 and a 52 week high of $114.67. The business's 50-day moving average price is $106.88 and its 200 day moving average price is $103.07.

Northern Trust (NASDAQ:NTRS - Get Free Report) last released its quarterly earnings data on Thursday, January 23rd. The asset manager reported $2.26 earnings per share for the quarter, topping 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, equities analysts predict that Northern Trust Co. will post 8.27 earnings per share for the current year.

Northern Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be issued a $0.75 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $3.00 annualized dividend and a dividend yield of 3.04%. Northern Trust's dividend payout ratio (DPR) 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.