Northern Trust Co. (NASDAQ:NTRS) Shares Sold by Rhumbline Advisers

Rhumbline Advisers decreased its position in shares of Northern Trust Co. (NASDAQ:NTRS - Free Report) by 4.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 352,984 shares of the asset manager's stock after selling 18,035 shares during the period. Rhumbline Advisers owned about 0.18% of Northern Trust worth $36,181,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of NTRS. Allworth Financial LP boosted its stake in shares of Northern Trust by 9.1% in the third quarter. Allworth Financial LP now owns 1,170 shares of the asset manager's stock valued at $105,000 after purchasing an additional 98 shares during the period. Juncture Wealth Strategies LLC lifted its holdings in Northern Trust by 2.4% during the 4th quarter. Juncture Wealth Strategies LLC now owns 4,212 shares of the asset manager's stock worth $432,000 after buying an additional 100 shares in the last quarter. Ballentine Partners LLC boosted its position 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 buying an additional 105 shares during the period. Pallas Capital Advisors LLC grew its stake in shares of 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 acquiring an additional 107 shares in the last quarter. Finally, Mesirow Financial Investment Management Inc. increased its position in shares of Northern Trust by 0.4% during the third quarter. Mesirow Financial Investment Management Inc. now owns 35,673 shares of the asset manager's stock worth $3,212,000 after acquiring an additional 127 shares during the period. 83.19% of the stock is currently owned by hedge funds and other institutional investors.

Northern Trust Stock Performance

Shares of NTRS stock traded down $0.56 during mid-day trading on Friday, hitting $112.97. 1,006,850 shares of the stock were exchanged, compared to its average volume of 1,139,357. The stock's fifty day simple moving average is $107.25 and its two-hundred day simple moving average is $100.07. 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 12-month low of $79.30 and a 12-month high of $114.67. The stock has a market capitalization of $22.39 billion, a price-to-earnings ratio of 11.55, a P/E/G ratio of 1.72 and a beta of 1.08.

Northern Trust (NASDAQ:NTRS - Get Free Report) last released its quarterly 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%. On average, analysts forecast that Northern Trust Co. will post 8.27 EPS for the current year.

Northern Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be issued a $0.75 dividend. The ex-dividend date is Friday, March 14th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.66%. Northern Trust's dividend payout ratio is presently 30.67%.

Analyst Ratings Changes

Several research analysts recently commented on the company. StockNews.com raised Northern Trust from a "hold" rating to a "buy" rating in a research note on Friday, January 24th. Barclays boosted their price objective on Northern Trust from $115.00 to $118.00 and gave the stock an "equal weight" rating in a research report on Monday, January 6th. The Goldman Sachs Group raised their target price on shares of Northern Trust from $92.00 to $102.00 and gave the company a "sell" rating in a report on Friday, January 24th. UBS Group boosted their price target on shares of Northern Trust from $110.00 to $114.00 and gave the stock a "neutral" rating in a report on Monday, January 27th. Finally, Truist Financial increased their price objective on shares of Northern Trust from $110.00 to $116.00 and gave the company a "hold" rating in a research report on Friday, January 24th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $112.58.

Insider Activity at Northern Trust

In other news, Vice Chairman Steven L. Fradkin sold 9,100 shares of Northern Trust stock in a transaction on Friday, November 29th. The stock was sold at an average price of $111.00, for a total transaction of $1,010,100.00. Following the completion of the transaction, the insider now owns 47,797 shares of the company's stock, valued at $5,305,467. The trade was a 15.99 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider John Landers sold 900 shares of the stock in a transaction dated 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 directly owns 7,640 shares in the company, valued at approximately $851,401.60. The trade was a 10.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 44,435 shares of company stock worth $4,980,311 over the last 90 days. Company insiders own 0.64% of the company's stock.

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.