Unigestion Holding SA Invests $472,000 in Northern Trust Co. (NASDAQ:NTRS)

Unigestion Holding SA acquired a new position in shares of Northern Trust Co. (NASDAQ:NTRS - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,600 shares of the asset manager's stock, valued at approximately $472,000.

Other large investors also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA increased its holdings in Northern Trust by 1.2% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 7,486,616 shares of the asset manager's stock worth $767,378,000 after purchasing an additional 92,162 shares in the last quarter. Geode Capital Management LLC grew its holdings in Northern Trust by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 4,904,871 shares of the asset manager's stock worth $501,444,000 after buying an additional 30,908 shares in the last quarter. JPMorgan Chase & Co. raised its position in Northern Trust by 9.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,296,442 shares of the asset manager's stock valued at $386,809,000 after buying an additional 388,692 shares during the last quarter. Wellington Management Group LLP lifted its stake in Northern Trust by 1.6% during the 4th quarter. Wellington Management Group LLP now owns 2,532,401 shares of the asset manager's stock valued at $259,571,000 after acquiring an additional 39,592 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Northern Trust by 0.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,267,406 shares of the asset manager's stock worth $129,909,000 after acquiring an additional 8,102 shares during the last quarter. 83.19% of the stock is currently owned by institutional investors and hedge funds.

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Insider Buying and Selling at Northern Trust

In other news, EVP Jane Karpinski sold 2,262 shares of Northern Trust stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $111.33, for a total transaction of $251,828.46. Following the sale, the executive vice president now owns 17,236 shares in the company, valued at $1,918,883.88. This trade represents a 11.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 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 owns 26,586 shares of the company's stock, valued at approximately $2,987,202.96. This represents a 49.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 35,335 shares of company stock valued at $3,970,211 over the last 90 days. 0.77% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Morgan Stanley cut their price target on shares of Northern Trust from $136.00 to $132.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 2nd. Bank of America reduced their target price on Northern Trust from $123.00 to $121.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. Barclays boosted their price objective on Northern Trust from $115.00 to $118.00 and gave the stock an "equal weight" rating in a research report on Monday, January 6th. Truist Financial decreased their target price on Northern Trust from $116.00 to $98.00 and set a "hold" rating for the company in a research report on Friday, April 4th. Finally, Royal Bank of Canada boosted their price target on shares of Northern Trust from $107.00 to $115.00 and gave the stock an "outperform" rating in a report on Friday, January 24th. One 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. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $112.31.

Northern Trust Stock Performance

NTRS stock traded up $0.35 during midday trading on Friday, reaching $88.29. 2,003,303 shares of the company's stock traded hands, compared to its average volume of 1,260,022. 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 52-week low of $79.32 and a 52-week high of $114.67. The stock has a market cap of $17.28 billion, a P/E ratio of 9.03, a PEG ratio of 1.72 and a beta of 1.10. The stock's 50-day moving average is $102.30 and its 200 day moving average is $102.84.

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, 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%. As a group, analysts anticipate that Northern Trust Co. will post 8.27 EPS for the current year.

Northern Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 14th were issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 3.40%. The ex-dividend date was Friday, March 14th. Northern Trust's dividend payout ratio is 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.