Stevens Capital Management LP Purchases New Shares in Northern Trust Co. (NASDAQ:NTRS)

Stevens Capital Management LP purchased a new position in Northern Trust Co. (NASDAQ:NTRS - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 4,932 shares of the asset manager's stock, valued at approximately $506,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. LPL Financial LLC lifted its holdings in shares of Northern Trust by 83.5% in the 4th quarter. LPL Financial LLC now owns 45,184 shares of the asset manager's stock worth $4,631,000 after buying an additional 20,564 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in Northern Trust in the fourth quarter worth about $7,437,000. Marietta Investment Partners LLC bought a new position in Northern Trust during the 4th quarter worth about $202,000. Mizuho Securities USA LLC increased its position in Northern Trust by 43.7% during the 4th quarter. Mizuho Securities USA LLC now owns 18,787 shares of the asset manager's stock valued at $1,926,000 after purchasing an additional 5,712 shares during the period. Finally, Sciencast Management LP bought a new stake in shares of Northern Trust in the 4th quarter valued at about $2,565,000. Institutional investors own 83.19% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on NTRS shares. 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 note on Friday, January 24th. Royal Bank of Canada increased their target price on Northern Trust from $107.00 to $115.00 and gave the company an "outperform" rating in a research report on Friday, January 24th. StockNews.com cut Northern Trust from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Barclays raised their price objective on Northern Trust from $115.00 to $118.00 and gave the company an "equal weight" rating in a research report on Monday, January 6th. Finally, UBS Group increased their price target on shares of Northern Trust from $110.00 to $114.00 and gave the company a "neutral" rating in a research report on Monday, January 27th. One analyst has rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $113.46.

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Insider Buying and Selling at Northern Trust

In related news, EVP Jane Karpinski sold 2,262 shares of Northern Trust stock in a transaction that occurred 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 completion of 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John Landers sold 900 shares of the company's stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $111.44, for a total value of $100,296.00. Following the completion of the sale, the insider now owns 7,640 shares in the company, valued at approximately $851,401.60. This represents a 10.54 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 35,335 shares of company stock worth $3,970,211. Company insiders own 0.64% of the company's stock.

Northern Trust Stock Performance

Shares of NASDAQ NTRS traded down $3.40 during midday trading on Friday, reaching $97.15. The company had a trading volume of 1,524,351 shares, compared to its average volume of 1,228,457. The stock has a market cap of $19.01 billion, a P/E ratio of 9.93, a P/E/G ratio of 1.72 and a beta of 1.07. The company has a current ratio of 0.68, a quick ratio of 0.71 and a debt-to-equity ratio of 0.58. Northern Trust Co. has a 1 year low of $79.32 and a 1 year high of $114.67. The business's 50-day simple moving average is $107.04 and its 200 day simple moving average is $102.78.

Northern Trust (NASDAQ:NTRS - Get Free Report) last issued its quarterly earnings results 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 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 earnings per share for the current fiscal year.

Northern Trust Announces Dividend

The firm also recently declared 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. This represents a $3.00 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date of this dividend is 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.