Schroder Investment Management Group Has $2.40 Million Stock Holdings in Northern Trust Co. (NASDAQ:NTRS)

Schroder Investment Management Group boosted its stake in Northern Trust Co. (NASDAQ:NTRS - Free Report) by 28.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,388 shares of the asset manager's stock after buying an additional 5,190 shares during the period. Schroder Investment Management Group's holdings in Northern Trust were worth $2,403,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Juncture Wealth Strategies LLC grew 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 worth $432,000 after acquiring an additional 100 shares during the last quarter. Ballentine Partners LLC grew 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 worth $255,000 after purchasing an additional 105 shares during the last quarter. Pallas Capital Advisors LLC increased 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 valued at $624,000 after purchasing an additional 107 shares during the period. Bradley Foster & Sargent Inc. CT raised its holdings in shares of 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 valued at $489,000 after buying an additional 114 shares during 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. 83.19% of the stock is currently owned by institutional investors.

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Insiders Place Their Bets

In related news, insider Jason J. Tyler sold 2,237 shares of the stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $112.67, for a total value of $252,042.79. Following the completion of the sale, the insider now directly owns 58,449 shares of the company's stock, valued at approximately $6,585,448.83. This represents a 3.69 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Jane Karpinski sold 2,262 shares of Northern Trust stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $111.33, for a total value of $251,828.46. Following the transaction, the executive vice president now directly owns 17,236 shares in the company, valued at approximately $1,918,883.88. This trade represents a 11.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 35,335 shares of company stock worth $3,970,211 over the last ninety days. 0.77% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

NTRS has been the topic of several analyst reports. Truist Financial lowered their target price on Northern Trust from $116.00 to $98.00 and set a "hold" rating on the stock in a research report on Friday, April 4th. StockNews.com cut shares of Northern Trust from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Citigroup decreased their target price on shares of Northern Trust from $110.00 to $105.00 and set a "neutral" rating for the company in a research report on Monday, March 24th. Keefe, Bruyette & Woods boosted their price target on shares of Northern Trust from $113.00 to $122.00 and gave the stock a "market perform" rating in a research report on Friday, January 24th. Finally, Evercore ISI decreased their price objective on shares of Northern Trust from $113.00 to $104.00 and set an "in-line" rating for the company in a report on Tuesday, April 1st. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $112.31.

Northern Trust Price Performance

Shares of NASDAQ:NTRS traded up $0.35 on Friday, reaching $88.29. 2,003,303 shares of the company traded hands, compared to its average volume of 1,260,022. The stock has a market capitalization of $17.28 billion, a PE ratio of 9.03, a P/E/G ratio of 1.72 and a beta of 1.10. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.71. The company's 50 day moving average is $102.30 and its 200-day moving average is $102.84. Northern Trust Co. has a fifty-two week low of $79.32 and a fifty-two week high of $114.67.

Northern Trust (NASDAQ:NTRS - Get Free Report) last announced its earnings results on Thursday, January 23rd. The asset manager reported $2.26 EPS for the quarter, beating the consensus estimate 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, analysts anticipate that Northern Trust Co. will post 8.27 earnings per share for the current fiscal year.

Northern Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th were paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date of this dividend was Friday, March 14th. Northern Trust's dividend payout ratio is presently 30.67%.

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.