Vinva Investment Management Ltd Has $8.96 Million Stake in Northern Trust Co. (NASDAQ:NTRS)

Vinva Investment Management Ltd raised its stake in Northern Trust Co. (NASDAQ:NTRS - Free Report) by 432.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 87,159 shares of the asset manager's stock after buying an additional 70,780 shares during the period. Vinva Investment Management Ltd's holdings in Northern Trust were worth $8,955,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Ballentine Partners LLC grew its position in Northern Trust by 4.4% in the 4th quarter. Ballentine Partners LLC now owns 2,483 shares of the asset manager's stock worth $255,000 after purchasing an additional 105 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Northern Trust by 24.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 22,061 shares of the asset manager's stock worth $2,286,000 after purchasing an additional 4,374 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Northern Trust by 9.9% during the third 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 period. Kovitz Investment Group Partners LLC grew its holdings in shares of Northern Trust by 68.1% in the third quarter. Kovitz Investment Group Partners LLC now owns 13,765 shares of the asset manager's stock worth $1,239,000 after purchasing an additional 5,578 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position 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 valued at $129,909,000 after purchasing an additional 8,102 shares in the last quarter. 83.19% of the stock is owned by hedge funds and other institutional investors.

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Northern Trust Stock Down 0.1 %

Shares of NTRS traded down $0.10 during midday trading on Friday, reaching $98.77. 3,686,301 shares of the stock were exchanged, compared to its average volume of 1,178,696. The company has a market cap of $19.33 billion, a price-to-earnings ratio of 10.10, a P/E/G ratio of 1.72 and a beta of 1.07. Northern Trust Co. has a 12-month low of $79.32 and a 12-month high of $114.67. The firm has a 50 day simple moving average of $107.42 and a 200-day simple moving average of $102.46. The company has a quick ratio of 0.71, a current ratio of 0.68 and a debt-to-equity ratio of 0.58.

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

Northern Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $3.00 annualized dividend and a dividend yield of 3.04%. Northern Trust's dividend payout ratio (DPR) is currently 30.67%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. The Goldman Sachs Group boosted their price target on Northern Trust from $92.00 to $102.00 and gave the stock a "sell" rating in a research note on Friday, January 24th. Barclays upped their price target 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. Royal Bank of Canada increased their price target on Northern Trust from $107.00 to $115.00 and gave the company an "outperform" rating in a report on Friday, January 24th. StockNews.com downgraded Northern Trust from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Finally, UBS Group lifted their target price on Northern Trust from $110.00 to $114.00 and gave the company a "neutral" rating in a research report on Monday, January 27th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $113.50.

Insider Activity

In other Northern Trust news, insider Jason J. Tyler sold 2,237 shares of the firm's stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $112.67, for a total value of $252,042.79. Following the completion of the transaction, the insider now directly owns 58,449 shares in the company, valued at $6,585,448.83. This trade represents a 3.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Thomas A. South sold 3,804 shares of the business's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $113.00, for a total value of $429,852.00. Following the transaction, the executive vice president now directly owns 81,794 shares in the company, valued at approximately $9,242,722. This trade represents a 4.44 % 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 valued at $3,970,211. Company insiders own 0.64% of the company's stock.

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.