Northern Trust Co. (NASDAQ:NTRS) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lessened its holdings in shares of Northern Trust Co. (NASDAQ:NTRSFree Report) by 2.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 84,400 shares of the asset manager’s stock after selling 1,814 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Northern Trust were worth $7,122,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Fortitude Family Office LLC acquired a new stake in Northern Trust in the 4th quarter worth about $28,000. Quent Capital LLC boosted its position in shares of Northern Trust by 77.8% in the fourth quarter. Quent Capital LLC now owns 361 shares of the asset manager’s stock worth $30,000 after acquiring an additional 158 shares during the last quarter. Allworth Financial LP increased its position in Northern Trust by 94.1% during the fourth quarter. Allworth Financial LP now owns 359 shares of the asset manager’s stock worth $30,000 after purchasing an additional 174 shares during the last quarter. Belpointe Asset Management LLC increased its position in Northern Trust by 84.5% during the first quarter. Belpointe Asset Management LLC now owns 393 shares of the asset manager’s stock worth $35,000 after purchasing an additional 180 shares during the last quarter. Finally, Clear Street Markets LLC raised its stake in Northern Trust by 93.4% during the first quarter. Clear Street Markets LLC now owns 408 shares of the asset manager’s stock worth $36,000 after purchasing an additional 197 shares during the period. Hedge funds and other institutional investors own 83.19% of the company’s stock.

Wall Street Analyst Weigh In

NTRS has been the subject of a number of research analyst reports. Evercore ISI upped their price objective on Northern Trust from $86.00 to $87.00 and gave the stock an “in-line” rating in a report on Thursday, April 4th. Barclays raised their price objective on Northern Trust from $90.00 to $98.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 2nd. UBS Group upped their target price on shares of Northern Trust from $72.00 to $84.00 and gave the company a “neutral” rating in a research note on Tuesday, January 9th. Wolfe Research lowered Northern Trust from a “peer perform” rating to an “underperform” rating and set a $85.00 price objective for the company. in a research note on Wednesday, January 3rd. Finally, TheStreet raised Northern Trust from a “c+” rating to a “b-” rating in a research report on Friday, January 12th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $84.92.

Check Out Our Latest Analysis on Northern Trust

Northern Trust Stock Performance

Shares of NASDAQ NTRS opened at $81.45 on Friday. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.61. The firm’s 50-day moving average price is $83.26 and its two-hundred day moving average price is $79.02. Northern Trust Co. has a 52-week low of $62.44 and a 52-week high of $89.25. The stock has a market capitalization of $16.62 billion, a P/E ratio of 17.98, a P/E/G ratio of 1.17 and a beta of 1.13.

Northern Trust (NASDAQ:NTRSGet Free Report) last posted its earnings results on Thursday, January 18th. The asset manager reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.81). Northern Trust had a net margin of 7.59% and a return on equity of 12.57%. The company had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter in the previous year, the business posted $1.65 earnings per share. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Northern Trust Co. will post 6.82 earnings per share for the current year.

Northern Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 7th will be given a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 3.68%. The ex-dividend date of this dividend is Friday, June 7th. Northern Trust’s dividend payout ratio (DPR) is 66.23%.

Insider Buying and Selling at Northern Trust

In related news, insider Steven L. Fradkin sold 30,392 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $80.11, for a total value of $2,434,703.12. Following the completion of the transaction, the insider now directly owns 55,707 shares of the company’s stock, valued at approximately $4,462,687.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.64% of the stock is owned by company insiders.

Northern Trust Profile

(Free Report)

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.

Featured Articles

Institutional Ownership by Quarter for Northern Trust (NASDAQ:NTRS)

Receive News & Ratings for Northern Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northern Trust and related companies with MarketBeat.com's FREE daily email newsletter.