Northern Trust Co. (NASDAQ:NTRS) Holdings Decreased by Davis R M Inc.

Davis R M Inc. reduced its holdings in Northern Trust Co. (NASDAQ:NTRS) by 5.4% in the 4th quarter, Holdings Channel reports. The fund owned 7,947 shares of the asset manager’s stock after selling 457 shares during the period. Davis R M Inc.’s holdings in Northern Trust were worth $815,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Y.D. More Investments Ltd grew its position in Northern Trust by 118.4% in the fourth quarter. Y.D. More Investments Ltd now owns 249 shares of the asset manager’s stock worth $26,000 after acquiring an additional 135 shares in the last quarter. Assetmark Inc. lifted its stake in shares of Northern Trust by 528.3% in the 4th quarter. Assetmark Inc. now owns 377 shares of the asset manager’s stock valued at $39,000 after purchasing an additional 317 shares during the last quarter. Brooklyn Investment Group boosted its holdings in Northern Trust by 51.2% in the fourth quarter. Brooklyn Investment Group now owns 378 shares of the asset manager’s stock worth $39,000 after purchasing an additional 128 shares in the last quarter. Friedenthal Financial acquired a new position in Northern Trust during the fourth quarter worth $57,000. Finally, Steward Partners Investment Advisory LLC raised its holdings in Northern Trust by 29.8% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 597 shares of the asset manager’s stock valued at $61,000 after buying an additional 137 shares in the last quarter. 83.19% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Northern Trust news, insider John Landers sold 900 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $111.44, for a total transaction of $100,296.00. Following the transaction, the insider now owns 7,640 shares of the company’s stock, valued at $851,401.60. The trade was a 10.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction, the chief operating officer now directly owns 26,586 shares in the company, valued at $2,987,202.96. The trade was a 49.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 35,335 shares of company stock worth $3,970,211 in the last quarter. Corporate insiders own 0.64% of the company’s stock.

Analysts Set New Price Targets

NTRS has been the subject of several analyst reports. Keefe, Bruyette & Woods boosted their target price on Northern Trust from $113.00 to $122.00 and gave the stock a “market perform” rating in a report on Friday, January 24th. UBS Group upped their price objective on shares of Northern Trust from $110.00 to $114.00 and gave the stock a “neutral” rating in a report on Monday, January 27th. Barclays lifted their target price on shares of Northern Trust from $115.00 to $118.00 and gave the stock an “equal weight” rating in a report on Monday, January 6th. StockNews.com cut shares of Northern Trust from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Finally, Wells Fargo & Company lifted their price objective on Northern Trust from $108.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Friday, November 15th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Northern Trust has an average rating of “Hold” and a consensus price target of $113.50.

Northern Trust Price Performance

NTRS opened at $97.49 on Wednesday. The stock has a market cap of $19.08 billion, a P/E ratio of 9.97, a P/E/G ratio of 1.72 and a beta of 1.07. Northern Trust Co. has a 12 month low of $79.30 and a 12 month high of $114.67. The company has a quick ratio of 0.71, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The company has a fifty day simple moving average of $108.08 and a 200 day simple moving average of $102.07.

Northern Trust (NASDAQ:NTRS) last issued its quarterly earnings data on Thursday, January 23rd. The asset manager reported $2.26 earnings per share (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%. On average, research analysts expect that Northern Trust Co. will post 8.27 EPS for the current year.

Northern Trust Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 3.08%. Northern Trust’s dividend payout ratio is 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.