V Square Quantitative Management LLC Sells 191 Shares of Northern Trust Co. (NASDAQ:NTRS)

V Square Quantitative Management LLC decreased its stake in shares of Northern Trust Co. (NASDAQ:NTRS) by 4.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,529 shares of the asset manager’s stock after selling 191 shares during the period. V Square Quantitative Management LLC’s holdings in Northern Trust were worth $464,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Quent Capital LLC boosted its stake in shares of Northern Trust by 158.7% during the 4th quarter. Quent Capital LLC now owns 934 shares of the asset manager’s stock valued at $96,000 after purchasing an additional 573 shares in the last quarter. Oceanside Advisors LLC boosted its stake in shares of Northern Trust by 8.6% during the 4th quarter. Oceanside Advisors LLC now owns 3,803 shares of the asset manager’s stock valued at $390,000 after purchasing an additional 300 shares in the last quarter. Cigna Investments Inc. New bought a new stake in shares of Northern Trust during the 4th quarter valued at about $207,000. Stiles Financial Services Inc boosted its stake in shares of Northern Trust by 3.5% during the 4th quarter. Stiles Financial Services Inc now owns 13,549 shares of the asset manager’s stock valued at $1,389,000 after purchasing an additional 453 shares in the last quarter. Finally, Entropy Technologies LP boosted its stake in shares of Northern Trust by 106.2% during the 4th quarter. Entropy Technologies LP now owns 17,094 shares of the asset manager’s stock valued at $1,752,000 after purchasing an additional 8,803 shares in the last quarter. Institutional investors own 83.19% of the company’s stock.

Insider Activity

In other news, Vice Chairman Steven L. Fradkin sold 9,100 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 47,797 shares of the company’s stock, valued at $5,305,467. The trade was a 15.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John Landers sold 900 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $111.44, for a total transaction of $100,296.00. Following the transaction, the insider now directly owns 7,640 shares of the company’s stock, valued at $851,401.60. The trade was a 10.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 40,631 shares of company stock valued at $4,550,459 over the last three months. Insiders own 0.64% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Keefe, Bruyette & Woods boosted their price objective on shares of Northern Trust from $113.00 to $122.00 and gave the stock a “market perform” rating in a research note on Friday, January 24th. StockNews.com raised shares of Northern Trust from a “hold” rating to a “buy” rating in a research note on Friday, January 24th. Evercore ISI boosted their price objective on shares of Northern Trust from $86.00 to $103.00 and gave the stock an “in-line” rating in a research note on Thursday, October 24th. The Goldman Sachs Group boosted their price objective on shares of Northern Trust from $92.00 to $102.00 and gave the stock a “sell” rating in a research note on Friday, January 24th. Finally, 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 research note on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Northern Trust presently has an average rating of “Hold” and an average target price of $112.58.

Northern Trust Trading Down 0.7 %

Shares of NASDAQ NTRS opened at $110.77 on Friday. The firm’s 50 day moving average price is $106.60 and its 200-day moving average price is $99.14. The company has a market cap of $21.96 billion, a PE ratio of 11.33, a P/E/G ratio of 1.74 and a beta of 1.08. Northern Trust Co. has a 52-week low of $78.75 and a 52-week high of $114.67. 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 released its quarterly earnings data on Thursday, January 23rd. The asset manager reported $2.26 earnings per share for the quarter, beating 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%. On average, equities research analysts expect that Northern Trust Co. will post 8.2 EPS for the current fiscal year.

Northern Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.75 per share. The ex-dividend date is Friday, March 14th. This represents a $3.00 annualized dividend and a dividend yield of 2.71%. Northern Trust’s payout ratio 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.