DnB Asset Management AS Has $4 Million Stock Holdings in Northern Trust Co. (NASDAQ:NTRS)

DnB Asset Management AS grew its stake in Northern Trust Co. (NASDAQ:NTRS) by 0.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 38,982 shares of the asset manager’s stock after purchasing an additional 242 shares during the quarter. DnB Asset Management AS’s holdings in Northern Trust were worth $3,996,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. boosted its holdings in Northern Trust by 9.9% during the third quarter. JPMorgan Chase & Co. now owns 4,296,442 shares of the asset manager’s stock worth $386,809,000 after buying an additional 388,692 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Northern Trust by 1.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,577,091 shares of the asset manager’s stock valued at $141,986,000 after acquiring an additional 16,500 shares during the period. Charles Schwab Investment Management Inc. boosted its stake 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. KBC Group NV grew its holdings in Northern Trust by 201.6% during the fourth quarter. KBC Group NV now owns 963,811 shares of the asset manager’s stock valued at $98,791,000 after purchasing an additional 644,261 shares during the period. Finally, Boston Trust Walden Corp increased its stake in Northern Trust by 1.6% in the fourth quarter. Boston Trust Walden Corp now owns 928,854 shares of the asset manager’s stock valued at $95,208,000 after purchasing an additional 14,362 shares in the last quarter. 83.19% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Northern Trust

In related news, EVP Jane Karpinski sold 2,262 shares of the firm’s stock in a transaction dated 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 directly owns 17,236 shares in the company, valued at approximately $1,918,883.88. This trade represents a 11.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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. Insiders sold a total of 35,335 shares of company stock worth $3,970,211 over the last quarter. 0.77% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. StockNews.com cut shares of Northern Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Royal Bank of Canada lifted their target price on Northern Trust from $107.00 to $115.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. Keefe, Bruyette & Woods increased their price target on Northern Trust from $113.00 to $122.00 and gave the stock a “market perform” rating in a report on Friday, January 24th. Wells Fargo & Company cut their price objective on Northern Trust from $119.00 to $118.00 and set an “equal weight” rating on the stock in a report on Friday. Finally, Truist Financial increased their target price on Northern Trust from $110.00 to $116.00 and gave the stock a “hold” rating in a research note on Friday, January 24th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $113.46.

Northern Trust Trading Up 1.5 %

Shares of NASDAQ:NTRS opened at $98.65 on Tuesday. The stock has a market capitalization of $19.31 billion, a PE ratio of 10.09, a price-to-earnings-growth ratio of 1.72 and a beta of 1.07. The company’s 50-day moving average price is $106.88 and its two-hundred day moving average price is $103.07. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.71. Northern Trust Co. has a one year low of $79.32 and a one year high of $114.67.

Northern Trust (NASDAQ:NTRS) last posted 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 return on equity of 13.74% and a net margin of 12.77%. On average, equities analysts forecast that Northern Trust Co. will post 8.27 EPS for the current fiscal year.

Northern Trust Announces Dividend

The company 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 annualized dividend and a yield of 3.04%. The ex-dividend date is Friday, March 14th. Northern Trust’s dividend payout ratio (DPR) is currently 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.