Northern Trust Co. (NASDAQ:NTRS) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. trimmed its position in shares of Northern Trust Co. (NASDAQ:NTRS - Free Report) by 19.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 102,123 shares of the asset manager's stock after selling 25,286 shares during the quarter. Envestnet Asset Management Inc. owned 0.05% of Northern Trust worth $10,468,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in NTRS. Y.D. More Investments Ltd lifted its stake in 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 purchasing an additional 135 shares during the last quarter. Assetmark Inc. grew its position in Northern Trust by 528.3% in the 4th quarter. Assetmark Inc. now owns 377 shares of the asset manager's stock valued at $39,000 after acquiring an additional 317 shares during the last quarter. Brooklyn Investment Group increased its stake in 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 purchasing an additional 128 shares during the period. EverSource Wealth Advisors LLC lifted its position in shares of Northern Trust by 83.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 494 shares of the asset manager's stock worth $51,000 after purchasing an additional 224 shares during the last quarter. Finally, Friedenthal Financial bought a new position in shares of Northern Trust in the fourth quarter worth about $57,000. Hedge funds and other institutional investors own 83.19% of the company's stock.

Insider Activity

In other Northern Trust news, insider Jason J. Tyler sold 2,237 shares of the company's stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $112.67, for a total transaction of $252,042.79. Following the transaction, the insider now owns 58,449 shares in the company, valued at approximately $6,585,448.83. This represents a 3.69 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Jane Karpinski sold 2,262 shares of the business's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $111.33, for a total transaction of $251,828.46. Following the sale, 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 worth $3,970,211 over the last 90 days. 0.77% of the stock is currently owned by corporate insiders.

Northern Trust Stock Up 1.6 %

NASDAQ:NTRS traded up $1.44 during midday trading on Thursday, reaching $92.04. 246,528 shares of the stock traded hands, compared to its average volume of 1,250,272. The stock has a market capitalization of $18.01 billion, a PE ratio of 9.42, a price-to-earnings-growth ratio of 1.72 and a beta of 1.10. Northern Trust Co. has a 12-month low of $79.68 and a 12-month high of $114.67. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.71 and a current ratio of 0.68. The business has a 50-day moving average of $98.61 and a two-hundred day moving average of $102.71.

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

Northern Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders 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 dividend yield of 3.26%. Northern Trust's payout ratio is 30.67%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on NTRS. Truist Financial reduced their target price on shares of Northern Trust from $98.00 to $92.00 and set a "hold" rating on the stock in a research report on Wednesday. Bank of America reduced their price objective on Northern Trust from $123.00 to $121.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. Morgan Stanley lowered their target price on Northern Trust from $136.00 to $132.00 and set an "equal weight" rating for the company in a report on Wednesday, April 2nd. Barclays raised their price target on Northern Trust from $115.00 to $118.00 and gave the company an "equal weight" rating in a research note on Monday, January 6th. Finally, Evercore ISI lowered their price objective on shares of Northern Trust from $104.00 to $100.00 and set an "in-line" rating for the company in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $110.83.

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.