Northern Trust Co. (NASDAQ:NTRS) Shares Sold by Sei Investments Co.

Sei Investments Co. cut its position in shares of Northern Trust Co. (NASDAQ:NTRS - Free Report) by 38.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 199,039 shares of the asset manager's stock after selling 123,625 shares during the quarter. Sei Investments Co. owned 0.10% of Northern Trust worth $20,402,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Y.D. More Investments Ltd grew its stake in Northern Trust by 118.4% in the 4th quarter. Y.D. More Investments Ltd now owns 249 shares of the asset manager's stock valued at $26,000 after acquiring an additional 135 shares during the last quarter. Assetmark Inc. lifted its holdings in shares of Northern Trust by 528.3% in the fourth quarter. Assetmark Inc. now owns 377 shares of the asset manager's stock valued at $39,000 after purchasing an additional 317 shares in the last quarter. Brooklyn Investment Group grew its position in shares of Northern Trust by 51.2% in the fourth quarter. Brooklyn Investment Group now owns 378 shares of the asset manager's stock valued at $39,000 after purchasing an additional 128 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Northern Trust by 83.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 494 shares of the asset manager's stock worth $51,000 after purchasing an additional 224 shares in the last quarter. Finally, Friedenthal Financial acquired a new position in shares of Northern Trust during the 4th quarter worth approximately $57,000. 83.19% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Activity

In other news, EVP Thomas A. South sold 3,804 shares of Northern Trust stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $113.00, for a total transaction of $429,852.00. Following the sale, the executive vice president now owns 81,794 shares in the company, valued at $9,242,722. This trade represents a 4.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Jane Karpinski sold 2,262 shares of the business's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $111.33, for a total transaction 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. The trade was a 11.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 35,335 shares of company stock valued at $3,970,211. Company insiders own 0.77% of the company's stock.

Wall Street Analyst Weigh In

NTRS has been the subject of several recent research reports. Truist Financial raised their price target on Northern Trust from $110.00 to $116.00 and gave the stock a "hold" rating in a research report on Friday, January 24th. UBS Group lifted 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. Morgan Stanley reduced their target price on shares of Northern Trust from $138.00 to $136.00 and set an "equal weight" rating on the stock in a report on Thursday, March 6th. StockNews.com downgraded shares of Northern Trust from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Finally, Royal Bank of Canada upped their price objective on shares of Northern Trust from $107.00 to $115.00 and gave the company an "outperform" rating in a research note on Friday, January 24th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $113.46.

Northern Trust Trading Down 3.4 %

NASDAQ:NTRS traded down $3.40 during trading hours on Friday, reaching $97.15. 1,524,351 shares of the company were exchanged, compared to its average volume of 1,228,457. Northern Trust Co. has a 52-week low of $79.32 and a 52-week high of $114.67. The stock has a 50 day simple moving average of $107.04 and a 200 day simple moving average of $102.99. The firm has a market cap of $19.01 billion, a price-to-earnings ratio of 9.93, a PEG ratio of 1.72 and a beta of 1.07. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.71.

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

Northern Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be given a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 3.09%. The ex-dividend date is Friday, March 14th. Northern Trust's payout ratio is currently 30.67%.

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.