Northern Trust Co. (NASDAQ:NTRS) Shares Sold by Speece Thorson Capital Group Inc.

Speece Thorson Capital Group Inc. cut its holdings in shares of Northern Trust Co. (NASDAQ:NTRS) by 0.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 121,236 shares of the asset manager’s stock after selling 607 shares during the quarter. Northern Trust makes up approximately 2.5% of Speece Thorson Capital Group Inc.’s holdings, making the stock its 24th largest holding. Speece Thorson Capital Group Inc.’s holdings in Northern Trust were worth $12,427,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Y.D. More Investments Ltd boosted its stake in Northern Trust by 118.4% during the 4th quarter. Y.D. More Investments Ltd now owns 249 shares of the asset manager’s stock valued at $26,000 after acquiring an additional 135 shares during the last quarter. Empirical Asset Management LLC acquired a new stake in Northern Trust during the fourth quarter valued at approximately $33,000. Brooklyn Investment Group lifted its holdings in Northern Trust by 51.2% during the 4th quarter. Brooklyn Investment Group now owns 378 shares of the asset manager’s stock worth $39,000 after buying an additional 128 shares during the last quarter. Assetmark Inc. grew its position in shares of Northern Trust by 528.3% in the 4th quarter. Assetmark Inc. now owns 377 shares of the asset manager’s stock worth $39,000 after acquiring an additional 317 shares in the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in shares of Northern Trust during the 4th quarter valued at approximately $51,000. 83.19% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on NTRS. Truist Financial lowered their target price on shares of Northern Trust from $116.00 to $98.00 and set a “hold” rating for the company in a research note on Friday, April 4th. StockNews.com lowered shares of Northern Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Wells Fargo & Company decreased their target price on Northern Trust from $119.00 to $118.00 and set an “equal weight” rating for the company in a research note on Friday, March 28th. Barclays increased their price target on Northern Trust from $115.00 to $118.00 and gave the stock an “equal weight” rating in a research report on Monday, January 6th. Finally, Keefe, Bruyette & Woods boosted their price objective on Northern Trust from $113.00 to $122.00 and gave the company a “market perform” rating in a research report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Northern Trust has an average rating of “Hold” and an average target price of $113.08.

Insider Buying and Selling at Northern Trust

In other news, insider Jason J. Tyler sold 2,237 shares of the stock in a transaction on Thursday, January 30th. The stock was 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 owns 58,449 shares in the company, valued at approximately $6,585,448.83. This represents a 3.69 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Jane Karpinski sold 2,262 shares of Northern Trust 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 completion of the transaction, the executive vice president now owns 17,236 shares in the company, valued at $1,918,883.88. The trade was a 11.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 35,335 shares of company stock valued at $3,970,211. 0.77% of the stock is owned by insiders.

Northern Trust Stock Up 1.0 %

NTRS stock opened at $88.29 on Friday. The firm’s 50-day moving average is $99.92 and its two-hundred day moving average is $102.81. The company has a current ratio of 0.68, a quick ratio of 0.71 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $17.28 billion, a price-to-earnings ratio of 9.03, a price-to-earnings-growth ratio of 1.72 and a beta of 1.10. Northern Trust Co. has a 52 week low of $79.68 and a 52 week high of $114.67.

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, topping analysts’ consensus estimates of $1.96 by $0.30. Northern Trust had a return on equity of 13.74% and a net margin of 12.77%. On average, 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 declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th were given a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 3.40%. The ex-dividend date of this dividend was Friday, March 14th. Northern Trust’s dividend payout ratio (DPR) is presently 30.67%.

About Northern Trust

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.