Treasurer of the State of North Carolina Trims Stock Position in Northern Trust Co. (NASDAQ:NTRS)

Treasurer of the State of North Carolina lessened its stake in shares of Northern Trust Co. (NASDAQ:NTRS) by 1.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 88,395 shares of the asset manager’s stock after selling 1,120 shares during the period. Treasurer of the State of North Carolina’s holdings in Northern Trust were worth $9,060,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Y.D. More Investments Ltd raised its position in 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 purchasing an additional 135 shares in the last quarter. Empirical Asset Management LLC bought a new stake in shares of Northern Trust in the fourth quarter valued at about $33,000. Brooklyn Investment Group lifted its stake in Northern Trust by 51.2% in the fourth quarter. Brooklyn Investment Group now owns 378 shares of the asset manager’s stock worth $39,000 after acquiring an additional 128 shares during the period. Assetmark Inc. grew its holdings in Northern Trust by 528.3% during the 4th quarter. Assetmark Inc. now owns 377 shares of the asset manager’s stock worth $39,000 after acquiring an additional 317 shares in the last quarter. Finally, Proficio Capital Partners LLC purchased a new position in Northern Trust during the 4th quarter valued at about $51,000. Hedge funds and other institutional investors own 83.19% of the company’s stock.

Insider Transactions at Northern Trust

In related news, EVP Thomas A. South sold 3,804 shares of the business’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $113.00, for a total value of $429,852.00. Following the completion of the transaction, the executive vice president now directly owns 81,794 shares in the company, valued at $9,242,722. The trade was a 4.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jason J. Tyler sold 2,237 shares of the firm’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 sale, the insider now owns 58,449 shares in the company, valued at approximately $6,585,448.83. This represents a 3.69 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 35,335 shares of company stock worth $3,970,211 over the last quarter. 0.77% of the stock is currently owned by insiders.

Northern Trust Price Performance

Shares of NASDAQ:NTRS opened at $88.29 on Monday. Northern Trust Co. has a twelve month low of $79.32 and a twelve month high of $114.67. The company has a current ratio of 0.68, a quick ratio of 0.71 and a debt-to-equity ratio of 0.58. The company has a market cap of $17.28 billion, a PE ratio of 9.03, a price-to-earnings-growth ratio of 1.72 and a beta of 1.10. The company’s 50 day moving average is $102.30 and its 200 day moving average is $102.93.

Northern Trust (NASDAQ:NTRS) last released its quarterly earnings data 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%. On average, sell-side analysts forecast that Northern Trust Co. will post 8.27 EPS for the current year.

Northern Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th were issued a $0.75 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $3.00 annualized dividend and a dividend yield of 3.40%. Northern Trust’s dividend payout ratio (DPR) is presently 30.67%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on NTRS. UBS Group upped their price target on shares of Northern Trust from $110.00 to $114.00 and gave the stock a “neutral” rating in a research report on Monday, January 27th. The Goldman Sachs Group upped their target price on Northern Trust from $92.00 to $102.00 and gave the stock a “sell” rating in a report on Friday, January 24th. StockNews.com downgraded Northern Trust from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Citigroup reduced their price target on Northern Trust from $110.00 to $105.00 and set a “neutral” rating for the company in a research report on Monday, March 24th. Finally, Truist Financial dropped their price objective on Northern Trust from $116.00 to $98.00 and set a “hold” rating on the stock in a research report on Friday, April 4th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $112.31.

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.