Northern Trust Co. (NASDAQ:NTRS) Shares Acquired by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ boosted its position in shares of Northern Trust Co. (NASDAQ:NTRS - Free Report) by 202.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 119,016 shares of the asset manager's stock after acquiring an additional 79,628 shares during the period. Skandinaviska Enskilda Banken AB publ owned about 0.06% of Northern Trust worth $12,227,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NTRS. FMR LLC grew its holdings in Northern Trust by 9.3% during the 3rd quarter. FMR LLC now owns 18,187,663 shares of the asset manager's stock worth $1,637,435,000 after acquiring an additional 1,542,685 shares in the last quarter. KBC Group NV grew its holdings in Northern Trust by 201.6% during the 4th quarter. KBC Group NV now owns 963,811 shares of the asset manager's stock worth $98,791,000 after acquiring an additional 644,261 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Northern Trust by 9.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,296,442 shares of the asset manager's stock worth $386,809,000 after buying an additional 388,692 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its position in shares of Northern Trust by 62.8% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 678,461 shares of the asset manager's stock worth $69,542,000 after buying an additional 261,797 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its position in shares of Northern Trust by 67.4% during the 3rd quarter. Victory Capital Management Inc. now owns 403,990 shares of the asset manager's stock worth $36,371,000 after buying an additional 162,623 shares during the last quarter. Institutional investors and hedge funds own 83.19% of the company's stock.

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Northern Trust Stock Performance

Northern Trust stock traded up $0.99 during trading hours on Wednesday, reaching $99.27. 1,201,016 shares of the stock were exchanged, compared to its average volume of 1,171,604. The stock has a market cap of $19.43 billion, a P/E ratio of 10.15, a P/E/G ratio of 1.72 and a beta of 1.07. 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 52-week low of $79.32 and a 52-week high of $114.67. The firm's 50 day moving average is $107.56 and its 200 day moving average is $102.37.

Northern Trust (NASDAQ:NTRS - Get Free Report) last announced its quarterly earnings data on Thursday, January 23rd. The asset manager reported $2.26 EPS for the quarter, topping analysts' consensus estimates of $1.96 by $0.30. Northern Trust had a net margin of 12.77% and a return on equity of 13.74%. Analysts predict that Northern Trust Co. will post 8.27 EPS for the current fiscal year.

Northern Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be given a dividend of $0.75 per share. The ex-dividend date is Friday, March 14th. This represents a $3.00 dividend on an annualized basis and a yield of 3.02%. Northern Trust's payout ratio is currently 30.67%.

Insiders Place Their Bets

In other news, EVP Thomas A. South sold 3,804 shares of the company's stock in a transaction 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 transaction, the executive vice president now directly owns 81,794 shares of the company's stock, valued at $9,242,722. This represents a 4.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Peter Cherecwich sold 26,132 shares of the company's stock in a transaction on Wednesday, January 29th. The stock was sold at an average price of $112.36, for a total transaction of $2,936,191.52. Following the transaction, the chief operating officer now directly owns 26,586 shares in the company, valued at approximately $2,987,202.96. This trade represents a 49.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 35,335 shares of company stock worth $3,970,211. 0.64% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on NTRS shares. Barclays boosted their price objective on shares of 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 boosted their price objective on shares of Northern Trust from $92.00 to $102.00 and gave the stock a "sell" rating in a research report on Friday, January 24th. Royal Bank of Canada boosted their price objective on shares of Northern Trust from $107.00 to $115.00 and gave the stock an "outperform" rating in a research report on Friday, January 24th. Truist Financial boosted their price objective on shares of Northern Trust from $110.00 to $116.00 and gave the stock a "hold" rating in a research report on Friday, January 24th. Finally, Keefe, Bruyette & Woods boosted their price objective 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. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $113.50.

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.