Thompson Investment Management Inc. Sells 2,226 Shares of Northern Trust Co. (NASDAQ:NTRS)

Thompson Investment Management Inc. reduced its position in shares of Northern Trust Co. (NASDAQ:NTRS) by 3.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 63,778 shares of the asset manager’s stock after selling 2,226 shares during the quarter. Thompson Investment Management Inc.’s holdings in Northern Trust were worth $6,537,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of NTRS. Y.D. More Investments Ltd boosted its holdings in shares of Northern Trust by 118.4% during the 4th quarter. Y.D. More Investments Ltd now owns 249 shares of the asset manager’s stock valued at $26,000 after acquiring an additional 135 shares during the last quarter. Empirical Asset Management LLC purchased a new stake in shares of Northern Trust during the 4th quarter valued at about $33,000. Northwest Investment Counselors LLC purchased a new stake in shares of Northern Trust during the 3rd quarter valued at about $39,000. Brooklyn Investment Group boosted its holdings in shares of Northern Trust by 51.2% during the 4th quarter. Brooklyn Investment Group now owns 378 shares of the asset manager’s stock valued at $39,000 after acquiring an additional 128 shares during the last quarter. Finally, Capital Performance Advisors LLP purchased a new stake in shares of Northern Trust during the 3rd quarter valued at about $48,000. 83.19% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

NTRS has been the topic of a number of recent analyst reports. Wells Fargo & Company raised their price target on shares of Northern Trust from $108.00 to $110.00 and gave the company an “equal weight” rating in a report on Friday, November 15th. Morgan Stanley dropped their price objective on shares of Northern Trust from $127.00 to $125.00 and set an “equal weight” rating on the stock in a report on Friday, January 3rd. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Northern Trust from $100.00 to $108.00 and gave the stock a “hold” rating in a report on Monday, November 11th. The Goldman Sachs Group raised their price objective on shares of Northern Trust from $92.00 to $102.00 and gave the stock a “sell” rating in a report on Friday, January 24th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Northern Trust from $113.00 to $122.00 and gave the stock a “market perform” rating in a report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $112.58.

Insider Buying and Selling at Northern Trust

In other Northern Trust news, Vice Chairman Steven L. Fradkin sold 9,100 shares of the business’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $111.00, for a total transaction of $1,010,100.00. Following the transaction, the insider now owns 47,797 shares in the company, valued at $5,305,467. The trade was a 15.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jason J. Tyler sold 2,237 shares of the business’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $112.67, for a total transaction of $252,042.79. Following the transaction, the insider now owns 58,449 shares in the company, valued at $6,585,448.83. This trade represents a 3.69 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 40,631 shares of company stock worth $4,550,459 over the last quarter. Insiders own 0.64% of the company’s stock.

Northern Trust Trading Down 0.3 %

Shares of NTRS opened at $113.51 on Friday. The company’s fifty day moving average is $106.44 and its 200 day moving average is $98.34. Northern Trust Co. has a fifty-two week low of $76.67 and a fifty-two week high of $114.67. The stock has a market capitalization of $22.50 billion, a PE ratio of 11.61, a P/E/G ratio of 1.74 and a beta of 1.08. 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 (NASDAQ:NTRS) last announced its quarterly earnings results on Thursday, January 23rd. The asset manager reported $2.26 earnings per share for the quarter, topping the consensus estimate of $1.96 by $0.30. Northern Trust had a net margin of 12.77% and a return on equity of 13.74%. Sell-side analysts expect that Northern Trust Co. will post 8.2 earnings per share for the current fiscal year.

Northern Trust Announces Dividend

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. This represents a $3.00 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date of this dividend is Friday, March 14th. Northern Trust’s dividend payout ratio (DPR) is 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.