Northern Trust Co. (NASDAQ:NTRS) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans reduced its stake in shares of Northern Trust Co. (NASDAQ:NTRS - Free Report) by 1.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,309,825 shares of the asset manager's stock after selling 22,058 shares during the quarter. Thrivent Financial for Lutherans owned 0.66% of Northern Trust worth $134,257,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NTRS. Y.D. More Investments Ltd grew its position in Northern Trust by 118.4% during the fourth quarter. Y.D. More Investments Ltd now owns 249 shares of the asset manager's stock worth $26,000 after buying an additional 135 shares during the period. Empirical Asset Management LLC purchased a new stake in shares of Northern Trust in the fourth quarter valued at about $33,000. Brooklyn Investment Group lifted its holdings 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 in 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. Finally, Proficio Capital Partners LLC purchased a new stake in shares of Northern Trust in the fourth quarter valued at about $51,000. 83.19% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have issued reports on NTRS shares. The Goldman Sachs Group upped their price target 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. Truist Financial upped their price target on shares of Northern Trust from $110.00 to $116.00 and gave the company a "hold" rating in a report on Friday, January 24th. StockNews.com downgraded shares of Northern Trust from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. UBS Group upped their price objective on shares of Northern Trust from $110.00 to $114.00 and gave the company a "neutral" rating in a research note on Monday, January 27th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Northern Trust from $113.00 to $122.00 and gave the company a "market perform" rating in a research note on Friday, January 24th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $113.50.

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Insider Transactions at Northern Trust

In other news, EVP Jane Karpinski sold 2,262 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $111.33, for a total value of $251,828.46. Following the completion of the sale, the executive vice president now owns 17,236 shares of the company's stock, valued at $1,918,883.88. This represents a 11.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Peter Cherecwich sold 26,132 shares of the firm's stock in a transaction on Wednesday, January 29th. The shares were sold at an average price of $112.36, for a total transaction of $2,936,191.52. Following the sale, the chief operating officer now directly owns 26,586 shares of the company's stock, valued at approximately $2,987,202.96. The trade was a 49.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 35,335 shares of company stock valued at $3,970,211 over the last 90 days. Corporate insiders own 0.64% of the company's stock.

Northern Trust Trading Down 0.1 %

NASDAQ:NTRS traded down $0.10 during trading hours on Friday, reaching $98.77. 3,686,301 shares of the company were exchanged, compared to its average volume of 1,178,497. 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 firm has a market cap of $19.33 billion, a price-to-earnings ratio of 10.10, a PEG ratio of 1.72 and a beta of 1.07. 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 $107.42 and a 200 day simple moving average of $102.37.

Northern Trust (NASDAQ:NTRS - Get Free Report) last posted its quarterly earnings results on Thursday, January 23rd. The asset manager reported $2.26 earnings per share 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%. 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 3.04%. The ex-dividend date of this dividend 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.