Northern Trust Co. (NASDAQ:NTRS) Shares Sold by Fiduciary Group LLC

Fiduciary Group LLC lowered its stake in Northern Trust Co. (NASDAQ:NTRS) by 2.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 9,225 shares of the asset manager’s stock after selling 212 shares during the quarter. Fiduciary Group LLC’s holdings in Northern Trust were worth $946,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Y.D. More Investments Ltd lifted its holdings in Northern Trust by 118.4% in the fourth quarter. Y.D. More Investments Ltd now owns 249 shares of the asset manager’s stock worth $26,000 after purchasing an additional 135 shares during the period. Empirical Asset Management LLC acquired a new stake in Northern Trust in the fourth quarter worth about $33,000. Brooklyn Investment Group lifted its holdings 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 purchasing an additional 128 shares during the period. Assetmark Inc. lifted its holdings in Northern Trust by 528.3% in the fourth quarter. Assetmark Inc. now owns 377 shares of the asset manager’s stock worth $39,000 after purchasing an additional 317 shares during the period. Finally, Proficio Capital Partners LLC acquired a new stake in Northern Trust in the 4th quarter valued at about $51,000. Institutional investors and hedge funds own 83.19% of the company’s stock.

Analyst Ratings Changes

NTRS has been the subject of a number of research analyst reports. The Goldman Sachs Group upped their price target on shares of Northern Trust from $92.00 to $102.00 and gave the company a “sell” rating in a report on Friday, January 24th. Truist Financial upped their price target on shares of Northern Trust from $110.00 to $116.00 and gave the company a “hold” rating in a report on Friday, January 24th. Barclays upped their price target on shares of Northern Trust from $115.00 to $118.00 and gave the company an “equal weight” rating in a report on Monday, January 6th. StockNews.com downgraded shares of Northern Trust from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Northern Trust from $113.00 to $122.00 and gave the company a “market perform” rating in a report on Friday, January 24th. One analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Northern Trust has an average rating of “Hold” and a consensus target price of $113.50.

Northern Trust Price Performance

Shares of NTRS opened at $98.87 on Friday. The company has a market capitalization of $19.35 billion, a price-to-earnings ratio of 10.11, a P/E/G ratio of 1.72 and a beta of 1.07. Northern Trust Co. has a fifty-two week low of $79.32 and a fifty-two week high of $114.67. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.71. The business’s 50-day moving average is $107.44 and its 200-day moving average is $102.32.

Northern Trust (NASDAQ:NTRS) last issued its 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%. Equities research analysts expect that Northern Trust Co. will post 8.27 EPS for the current fiscal year.

Northern Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be issued a $0.75 dividend. The ex-dividend date is Friday, March 14th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.03%. Northern Trust’s dividend payout ratio is 30.67%.

Insider Activity

In related news, EVP Jane Karpinski sold 2,262 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $111.33, for a total value of $251,828.46. Following the transaction, the executive vice president now owns 17,236 shares in the company, valued at approximately $1,918,883.88. This represents a 11.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Peter Cherecwich sold 26,132 shares of the stock in a transaction that occurred on Wednesday, January 29th. The stock was sold at an average price of $112.36, for a total value of $2,936,191.52. Following the completion of the transaction, the chief operating officer now owns 26,586 shares in the company, valued at $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 worth $3,970,211 in the last 90 days. Company insiders own 0.64% of the company’s stock.

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.