Northern Trust Co. (NASDAQ:NTRS) Shares Sold by Primecap Management Co. CA

Primecap Management Co. CA decreased its holdings in shares of Northern Trust Co. (NASDAQ:NTRS) by 5.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,720,607 shares of the asset manager’s stock after selling 364,510 shares during the period. Primecap Management Co. CA owned approximately 3.39% of Northern Trust worth $688,862,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. GWN Securities Inc. acquired a new position in Northern Trust during the 4th quarter worth approximately $315,000. Glenview Trust co acquired a new stake in shares of Northern Trust in the 4th quarter worth approximately $237,000. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Northern Trust in the 4th quarter worth approximately $212,000. Natixis Advisors LLC grew its holdings in shares of Northern Trust by 9.8% in the 4th quarter. Natixis Advisors LLC now owns 89,827 shares of the asset manager’s stock worth $9,207,000 after acquiring an additional 8,053 shares during the period. Finally, Frank Rimerman Advisors LLC acquired a new stake in shares of Northern Trust in the 4th quarter worth approximately $213,000. Institutional investors and hedge funds own 83.19% of the company’s stock.

Northern Trust Trading Up 0.8 %

Shares of Northern Trust stock opened at $98.68 on Tuesday. Northern Trust Co. has a fifty-two week low of $79.32 and a fifty-two week high of $114.67. The firm has a market cap of $19.31 billion, a PE ratio of 10.09, a P/E/G ratio of 1.72 and a beta of 1.07. The business’s fifty day moving average is $107.65 and its two-hundred day moving average is $102.32. The company has a quick ratio of 0.71, a current ratio of 0.68 and a debt-to-equity ratio of 0.58.

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, topping the consensus estimate of $1.96 by $0.30. Northern Trust had a return on equity of 13.74% and a net margin of 12.77%. Analysts anticipate that Northern Trust Co. will post 8.27 earnings per share for the current year.

Northern Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be given a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 3.04%. The ex-dividend date is Friday, March 14th. Northern Trust’s dividend payout ratio (DPR) is currently 30.67%.

Insider Buying and Selling

In related news, EVP Jane Karpinski sold 2,262 shares of the stock in a transaction 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 directly owns 17,236 shares of the company’s stock, valued at approximately $1,918,883.88. This trade represents a 11.60 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider John Landers sold 900 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $111.44, for a total value of $100,296.00. Following the completion of the transaction, the insider now directly owns 7,640 shares in the company, valued at $851,401.60. This trade represents a 10.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 35,335 shares of company stock valued at $3,970,211. 0.64% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

NTRS has been the topic of a number of research reports. StockNews.com cut Northern Trust from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Barclays upped their price target on Northern Trust from $115.00 to $118.00 and gave the stock an “equal weight” rating in a report on Monday, January 6th. The Goldman Sachs Group upped their price target on Northern Trust from $92.00 to $102.00 and gave the stock a “sell” rating in a report on Friday, January 24th. Morgan Stanley lowered their target price on Northern Trust from $138.00 to $136.00 and set an “equal weight” rating on the stock in a report on Thursday, March 6th. Finally, UBS Group increased their target price on Northern Trust from $110.00 to $114.00 and gave the company a “neutral” rating in a report on Monday, January 27th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $113.50.

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.