Dimensional Fund Advisors LP Increases Stock Position in Northern Trust Co. (NASDAQ:NTRS)

Dimensional Fund Advisors LP raised its stake in Northern Trust Co. (NASDAQ:NTRS - Free Report) by 2.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,201,309 shares of the asset manager's stock after acquiring an additional 62,605 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.11% of Northern Trust worth $225,641,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Juncture Wealth Strategies LLC boosted its stake in shares of Northern Trust by 2.4% during the fourth quarter. Juncture Wealth Strategies LLC now owns 4,212 shares of the asset manager's stock valued at $432,000 after purchasing an additional 100 shares in the last quarter. Ballentine Partners LLC boosted its position in Northern Trust by 4.4% during the 4th quarter. Ballentine Partners LLC now owns 2,483 shares of the asset manager's stock worth $255,000 after buying an additional 105 shares during the period. Pallas Capital Advisors LLC boosted its position in Northern Trust by 1.8% during the 4th quarter. Pallas Capital Advisors LLC now owns 6,091 shares of the asset manager's stock worth $624,000 after buying an additional 107 shares during the period. Bradley Foster & Sargent Inc. CT grew its holdings 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 worth $489,000 after acquiring an additional 114 shares during the last quarter. Finally, Brooklyn Investment Group increased its position 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 acquiring an additional 128 shares during the period. 83.19% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Northern Trust

In other news, EVP Jane Karpinski sold 2,262 shares of the business's stock in a transaction dated Monday, February 3rd. The shares were 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 directly owns 17,236 shares of the company's stock, valued at $1,918,883.88. The trade was a 11.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Thomas A. South sold 3,804 shares of the firm's stock in a transaction dated 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 transaction, the executive vice president now directly owns 81,794 shares in the company, valued at approximately $9,242,722. The trade was a 4.44 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 35,335 shares of company stock worth $3,970,211. 0.77% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on NTRS. Royal Bank of Canada reduced their price objective on shares of Northern Trust from $115.00 to $105.00 and set an "outperform" rating on the stock in a research note on Wednesday. Citigroup reduced their price target 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. UBS Group raised their price objective on Northern Trust from $110.00 to $114.00 and gave the stock a "neutral" rating in a research report on Monday, January 27th. Keefe, Bruyette & Woods upped their target price on Northern Trust from $113.00 to $122.00 and gave the company a "market perform" rating in a report on Friday, January 24th. Finally, Barclays boosted their price target on shares of Northern Trust from $115.00 to $118.00 and gave the stock an "equal weight" rating in a research report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $110.83.

Northern Trust Stock Down 0.9 %

NASDAQ:NTRS traded down $0.81 during trading hours on Friday, reaching $91.59. The company had a trading volume of 1,171,120 shares, compared to its average volume of 1,251,792. Northern Trust Co. has a twelve month low of $79.68 and a twelve month high of $114.67. The company has a quick ratio of 0.71, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The firm has a market cap of $17.92 billion, a price-to-earnings ratio of 9.37, a P/E/G ratio of 1.72 and a beta of 1.10. The business's 50-day simple moving average is $97.80 and its two-hundred day simple moving average is $102.73.

Northern Trust (NASDAQ:NTRS - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The asset manager reported $1.90 EPS for the quarter, beating analysts' consensus estimates of $1.85 by $0.05. The business had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.95 billion. Northern Trust had a return on equity of 13.74% and a net margin of 12.77%. On average, equities analysts expect 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, July 1st. Investors of record on Friday, June 6th will be given a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 3.28%. The ex-dividend date is Friday, June 6th. Northern Trust's payout ratio is currently 27.99%.

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.