Northern Trust Co. (NASDAQ:NTRS) Holdings Raised by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. lifted its stake in shares of Northern Trust Co. (NASDAQ:NTRS) by 2.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 81,198 shares of the asset manager’s stock after purchasing an additional 1,800 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Northern Trust were worth $8,323,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Allworth Financial LP raised its stake in shares of Northern Trust by 9.1% during the third quarter. Allworth Financial LP now owns 1,170 shares of the asset manager’s stock valued at $105,000 after purchasing an additional 98 shares in the last quarter. Juncture Wealth Strategies LLC raised its stake in shares of Northern Trust by 2.4% during the fourth quarter. Juncture Wealth Strategies LLC now owns 4,212 shares of the asset manager’s stock valued at $432,000 after purchasing an additional 100 shares in the last quarter. Ballentine Partners LLC raised its position in Northern Trust by 4.4% in the fourth quarter. Ballentine Partners LLC now owns 2,483 shares of the asset manager’s stock worth $255,000 after acquiring an additional 105 shares in the last quarter. Pallas Capital Advisors LLC raised its position in Northern Trust by 1.8% in the fourth quarter. Pallas Capital Advisors LLC now owns 6,091 shares of the asset manager’s stock worth $624,000 after acquiring an additional 107 shares in the last quarter. Finally, Bradley Foster & Sargent Inc. CT raised its position in Northern Trust by 2.4% in 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 in the last quarter. 83.19% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

NTRS has been the topic of several research reports. Wells Fargo & Company boosted their price target on shares of Northern Trust from $108.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Friday, November 15th. Morgan Stanley dropped their price target on shares of Northern Trust from $127.00 to $125.00 and set an “equal weight” rating on the stock in a research report on Friday, January 3rd. UBS Group boosted their price target on shares of Northern Trust from $110.00 to $114.00 and gave the stock a “neutral” rating in a research report on Monday, January 27th. Truist Financial boosted their price target on shares of Northern Trust from $110.00 to $116.00 and gave the stock a “hold” rating in a research report on Friday, January 24th. Finally, Barclays boosted their price target on shares of Northern Trust from $115.00 to $118.00 and gave the stock an “equal weight” rating in a research report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $112.58.

Insider Buying and Selling at Northern Trust

In related news, COO Peter Cherecwich sold 26,132 shares of the business’s 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 sale, the chief operating officer now owns 26,586 shares of the company’s stock, valued at approximately $2,987,202.96. The trade was a 49.57 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Thomas A. South sold 3,804 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $113.00, for a total value of $429,852.00. Following the completion of the sale, the executive vice president now directly owns 81,794 shares of the company’s stock, valued at approximately $9,242,722. The trade was a 4.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 35,335 shares of company stock valued at $3,970,211 in the last 90 days. 0.64% of the stock is currently owned by corporate insiders.

Northern Trust Trading Up 1.0 %

NASDAQ:NTRS opened at $110.22 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.71. Northern Trust Co. has a fifty-two week low of $79.30 and a fifty-two week high of $114.67. The stock’s 50-day moving average is $108.02 and its two-hundred day moving average is $101.01. The stock has a market cap of $21.85 billion, a PE ratio of 11.27, a price-to-earnings-growth ratio of 1.72 and a beta of 1.08.

Northern Trust (NASDAQ:NTRS) last released its earnings results 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 return on equity of 13.74% and a net margin of 12.77%. As a group, equities research analysts forecast that Northern Trust Co. will post 8.27 earnings per share 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. Shareholders of record on Friday, March 14th will be paid a dividend of $0.75 per share. The ex-dividend date is Friday, March 14th. This represents a $3.00 annualized dividend and a yield of 2.72%. Northern Trust’s dividend payout ratio (DPR) is presently 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.