Northern Trust Co. (NASDAQ:NTRS) Shares Sold by Candriam S.C.A.

Candriam S.C.A. trimmed its position in shares of Northern Trust Co. (NASDAQ:NTRS) by 4.9% in the fourth quarter, HoldingsChannel reports. The firm owned 27,690 shares of the asset manager’s stock after selling 1,412 shares during the period. Candriam S.C.A.’s holdings in Northern Trust were worth $2,838,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. FMR LLC boosted its stake in Northern Trust by 9.3% during the 3rd quarter. FMR LLC now owns 18,187,663 shares of the asset manager’s stock valued at $1,637,435,000 after purchasing an additional 1,542,685 shares during the period. Primecap Management Co. CA lifted its stake in shares of Northern Trust by 0.5% in the 3rd quarter. Primecap Management Co. CA now owns 7,085,117 shares of the asset manager’s stock worth $637,873,000 after acquiring an additional 38,360 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Northern Trust by 9.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,296,442 shares of the asset manager’s stock worth $386,809,000 after acquiring an additional 388,692 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake 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 worth $141,986,000 after acquiring an additional 16,500 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Northern Trust by 0.6% in 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 period. 83.19% of the stock is owned by institutional investors and hedge funds.

Northern Trust Stock Up 0.5 %

NTRS stock opened at $104.32 on Monday. Northern Trust Co. has a 52-week low of $79.30 and a 52-week high of $114.67. The company’s 50 day simple moving average is $108.20 and its 200-day simple moving average is $101.91. 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 firm has a market capitalization of $20.42 billion, a P/E ratio of 10.67, a P/E/G ratio of 1.72 and a beta of 1.07.

Northern Trust (NASDAQ:NTRS) last announced its quarterly earnings results on Thursday, January 23rd. The asset manager reported $2.26 EPS for the quarter, topping 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%. As a group, equities research analysts anticipate that Northern Trust Co. will post 8.27 EPS for the current year.

Northern Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $3.00 annualized dividend and a dividend yield of 2.88%. Northern Trust’s dividend payout ratio (DPR) is 30.67%.

Analysts Set New Price Targets

NTRS has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods upped their price target 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. Truist Financial upped their price target on shares of Northern Trust from $110.00 to $116.00 and gave the stock a “hold” rating in a research note on Friday, January 24th. The Goldman Sachs Group upped their price target 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. StockNews.com lowered shares of Northern Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Finally, UBS Group increased their target price on shares of Northern Trust from $110.00 to $114.00 and gave the company a “neutral” rating in a research note on Monday, January 27th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $113.50.

Insider Transactions at Northern Trust

In related news, insider Jason J. Tyler sold 2,237 shares of the company’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 completion of the sale, the insider now directly owns 58,449 shares of the company’s stock, valued at approximately $6,585,448.83. This represents a 3.69 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Peter Cherecwich sold 26,132 shares of the company’s stock in a transaction on Wednesday, January 29th. The stock was sold at an average price of $112.36, for a total transaction of $2,936,191.52. Following the sale, the chief operating officer now directly owns 26,586 shares of the company’s stock, valued at approximately $2,987,202.96. This represents a 49.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 35,335 shares of company stock worth $3,970,211 in the last 90 days. 0.64% of the stock is owned by insiders.

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.