Versor Investments LP Has $410,000 Position in Northern Trust Co. (NASDAQ:NTRS)

Versor Investments LP lowered its position in Northern Trust Co. (NASDAQ:NTRS - Free Report) by 60.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,000 shares of the asset manager's stock after selling 6,200 shares during the quarter. Versor Investments LP's holdings in Northern Trust were worth $410,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Juncture Wealth Strategies LLC lifted its stake in shares of Northern Trust by 2.4% in the 4th quarter. Juncture Wealth Strategies LLC now owns 4,212 shares of the asset manager's stock worth $432,000 after acquiring an additional 100 shares during the period. Ballentine Partners LLC raised its holdings in Northern Trust by 4.4% during the fourth quarter. Ballentine Partners LLC now owns 2,483 shares of the asset manager's stock worth $255,000 after purchasing an additional 105 shares in the last quarter. Pallas Capital Advisors LLC lifted its position in Northern Trust by 1.8% in the fourth quarter. Pallas Capital Advisors LLC now owns 6,091 shares of the asset manager's stock worth $624,000 after purchasing an additional 107 shares during the period. Bradley Foster & Sargent Inc. CT boosted its stake in Northern Trust by 2.4% during the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 4,774 shares of the asset manager's stock valued at $489,000 after purchasing an additional 114 shares in the last quarter. Finally, Mesirow Financial Investment Management Inc. increased its position in shares of Northern Trust by 0.4% during the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 35,673 shares of the asset manager's stock valued at $3,212,000 after purchasing an additional 127 shares during the period. Institutional investors own 83.19% of the company's stock.

Northern Trust Stock Down 0.7 %

NASDAQ NTRS traded down $0.82 during trading on Monday, hitting $109.40. 1,223,120 shares of the company traded hands, compared to its average volume of 1,223,681. The company has a market capitalization of $21.41 billion, a P/E ratio of 11.19, a PEG ratio of 1.72 and a beta of 1.08. The business has a fifty day simple moving average of $108.02 and a 200 day simple moving average of $101.25. Northern Trust Co. has a 12 month low of $79.30 and a 12 month high of $114.67. 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 (NASDAQ:NTRS - Get Free Report) last announced its earnings results on Thursday, January 23rd. The asset manager reported $2.26 earnings per share (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%. As a group, sell-side analysts predict that Northern Trust Co. will post 8.27 EPS for the current year.

Northern Trust Dividend Announcement

The company also recently announced 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 is Friday, March 14th. This represents a $3.00 dividend on an annualized basis and a yield of 2.74%. Northern Trust's payout ratio is presently 30.67%.

Analysts Set New Price Targets

NTRS has been the subject of several research reports. Wells Fargo & Company raised their target price on Northern Trust from $108.00 to $110.00 and gave the company an "equal weight" rating in a research note on Friday, November 15th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Northern Trust from $100.00 to $108.00 and gave the stock a "hold" rating in a research note on Monday, November 11th. Royal Bank of Canada raised their target price on shares of Northern Trust from $107.00 to $115.00 and gave the stock an "outperform" rating in a report on Friday, January 24th. Truist Financial upped their price objective on shares of 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 raised their target price on Northern Trust from $113.00 to $122.00 and gave the stock a "market perform" rating in a research report on Friday, January 24th. One equities research 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.com, Northern Trust currently has a consensus rating of "Hold" and a consensus price target of $112.58.

Insider Buying and Selling

In other news, insider John Landers sold 900 shares of the company's stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $111.44, for a total transaction of $100,296.00. Following the completion of the transaction, the insider now directly owns 7,640 shares in the company, valued at $851,401.60. The trade was a 10.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jane Karpinski sold 2,262 shares of the firm's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $111.33, for a total transaction of $251,828.46. Following the completion of the sale, the executive vice president now owns 17,236 shares in the company, valued at approximately $1,918,883.88. The trade was a 11.60 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 35,335 shares of company stock worth $3,970,211 in the last quarter. 0.64% of the stock is currently owned by company insiders.

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.