Northern Trust Co. (NASDAQ:NTRS) Shares Purchased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its stake in shares of Northern Trust Co. (NASDAQ:NTRS - Free Report) by 2.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,201,309 shares of the asset manager's stock after acquiring an additional 62,605 shares during the period. Dimensional Fund Advisors LP owned 1.11% of Northern Trust worth $225,641,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Juncture Wealth Strategies LLC increased its position 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 acquiring an additional 100 shares during the last quarter. Ballentine Partners LLC increased its holdings in Northern Trust by 4.4% in the 4th quarter. Ballentine Partners LLC now owns 2,483 shares of the asset manager's stock valued at $255,000 after purchasing an additional 105 shares during the last quarter. Pallas Capital Advisors LLC raised 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 valued at $624,000 after purchasing an additional 107 shares during the period. Bradley Foster & Sargent Inc. CT lifted its stake in Northern Trust by 2.4% during the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 4,774 shares of the asset manager's stock worth $489,000 after purchasing an additional 114 shares in the last quarter. Finally, Brooklyn Investment Group boosted its position in shares of Northern Trust by 51.2% during 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. Hedge funds and other institutional investors own 83.19% of the company's stock.

Northern Trust Stock Down 0.9 %

NTRS stock traded down $0.81 during midday trading on Friday, reaching $91.59. 1,171,120 shares of the company were exchanged, compared to its average volume of 1,251,792. The company has a market cap of $17.92 billion, a price-to-earnings ratio of 9.37, a price-to-earnings-growth ratio of 1.72 and a beta of 1.10. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.71 and a current ratio of 0.68. Northern Trust Co. has a 1-year low of $79.68 and a 1-year high of $114.67. The stock's 50-day simple moving average is $97.80 and its 200 day simple moving average is $102.73.

Northern Trust (NASDAQ:NTRS - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The asset manager reported $1.90 earnings per share for the quarter, beating analysts' consensus estimates of $1.85 by $0.05. Northern Trust had a net margin of 12.77% and a return on equity of 13.74%. The firm had revenue of $1.95 billion during the quarter, compared to analysts' expectations of $1.95 billion. On average, equities analysts forecast that Northern Trust Co. will post 8.27 earnings per share for the current year.

Northern Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 6th will be paid a dividend of $0.75 per share. The ex-dividend date is Friday, June 6th. This represents a $3.00 dividend on an annualized basis and a yield of 3.28%. Northern Trust's dividend payout ratio is presently 27.99%.

Analyst Ratings Changes

Several research firms recently issued reports on NTRS. Evercore ISI decreased their target price on Northern Trust from $104.00 to $100.00 and set an "in-line" rating on the stock in a research note on Wednesday. Royal Bank of Canada cut their target price 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. Morgan Stanley decreased their price target on shares of Northern Trust from $136.00 to $132.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 2nd. Wells Fargo & Company cut their price objective on Northern Trust from $118.00 to $111.00 and set an "equal weight" rating on the stock in a research report on Wednesday. Finally, Truist Financial decreased their target price on Northern Trust from $98.00 to $92.00 and set a "hold" rating for the company in a report on Wednesday. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given 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 $110.83.

Insider Buying and Selling at Northern Trust

In other Northern Trust news, insider John Landers sold 900 shares of Northern Trust stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $111.44, for a total value of $100,296.00. Following the transaction, the insider now directly owns 7,640 shares in the company, valued at approximately $851,401.60. This trade represents a 10.54 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jason J. Tyler sold 2,237 shares of the company's stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $112.67, for a total value of $252,042.79. Following the sale, the insider now owns 58,449 shares of the company's stock, valued at $6,585,448.83. This trade represents a 3.69 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 35,335 shares of company stock worth $3,970,211. 0.77% of the stock is owned by insiders.

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.