Northern Trust Co. (NASDAQ:NTRS) Shares Sold by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB lessened its stake in shares of Northern Trust Co. (NASDAQ:NTRS) by 9.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,700 shares of the asset manager’s stock after selling 800 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in Northern Trust were worth $760,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of NTRS. Ellevest Inc. grew its stake in Northern Trust by 3.4% during the 4th quarter. Ellevest Inc. now owns 3,410 shares of the asset manager’s stock worth $350,000 after buying an additional 113 shares during the last quarter. Bradley Foster & Sargent Inc. CT grew its position in shares of Northern Trust by 2.4% during the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 4,774 shares of the asset manager’s stock worth $489,000 after acquiring an additional 114 shares during the last quarter. Moors & Cabot Inc. grew its position in shares of Northern Trust by 4.0% during the fourth quarter. Moors & Cabot Inc. now owns 3,560 shares of the asset manager’s stock worth $365,000 after acquiring an additional 137 shares during the last quarter. Steward Partners Investment Advisory LLC increased its holdings in shares of Northern Trust by 29.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 597 shares of the asset manager’s stock valued at $61,000 after acquiring an additional 137 shares during the period. Finally, Parallel Advisors LLC raised its position in Northern Trust by 11.4% in the 1st quarter. Parallel Advisors LLC now owns 1,773 shares of the asset manager’s stock valued at $175,000 after purchasing an additional 182 shares during the last quarter. Institutional investors and hedge funds own 83.19% of the company’s stock.

Northern Trust Trading Up 1.4%

NASDAQ:NTRS opened at $107.91 on Friday. Northern Trust Co. has a 1 year low of $79.68 and a 1 year 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. The stock has a fifty day moving average price of $97.77 and a two-hundred day moving average price of $103.23. The stock has a market capitalization of $20.99 billion, a price-to-earnings ratio of 11.03, a PEG ratio of 1.72 and a beta of 1.22.

Northern Trust (NASDAQ:NTRS) last announced its quarterly earnings results on Tuesday, April 22nd. The asset manager reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.85 by $0.05. Northern Trust had a net margin of 12.77% and a return on equity of 13.74%. The business had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.95 billion. As a group, sell-side analysts anticipate that Northern Trust Co. will post 8.27 earnings per share for the current fiscal year.

Northern Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 6th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.78%. Northern Trust’s payout ratio is 27.99%.

Insider Activity

In other news, insider Teresa Parker sold 6,467 shares of Northern Trust stock in a transaction on Friday, May 9th. The stock was sold at an average price of $100.62, for a total transaction of $650,709.54. Following the completion of the transaction, the insider now owns 79,391 shares of the company’s stock, valued at $7,988,322.42. The trade was a 7.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Clive Bellows sold 3,300 shares of the stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $99.95, for a total transaction of $329,835.00. Following the completion of the sale, the executive vice president now directly owns 28,736 shares in the company, valued at approximately $2,872,163.20. The trade was a 10.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 9,772 shares of company stock worth $981,069. Company insiders own 0.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on NTRS. Morgan Stanley reissued an “underweight” rating and set a $103.00 price objective (up from $101.00) on shares of Northern Trust in a research report on Tuesday, June 3rd. Evercore ISI lowered their price target on Northern Trust from $104.00 to $100.00 and set an “in-line” rating on the stock in a report on Wednesday, April 23rd. Citigroup dropped their price target on Northern Trust from $110.00 to $105.00 and set a “neutral” rating on the stock in a research report on Monday, March 24th. Bank of America decreased their price objective on Northern Trust from $123.00 to $121.00 and set a “buy” rating for the company in a research report on Wednesday, April 2nd. Finally, Wells Fargo & Company dropped their target price on Northern Trust from $118.00 to $111.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 23rd. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Northern Trust presently has a consensus rating of “Hold” and an average target price of $108.42.

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.