Northern Trust Co. (NASDAQ:NTRS) Shares Sold by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund decreased its stake in Northern Trust Co. (NASDAQ:NTRS) by 1.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,029 shares of the asset manager’s stock after selling 190 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Northern Trust were worth $1,745,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Y.D. More Investments Ltd lifted its stake in shares of Northern Trust by 118.4% in the fourth quarter. Y.D. More Investments Ltd now owns 249 shares of the asset manager’s stock valued at $26,000 after purchasing an additional 135 shares during the period. Brooklyn Investment Group raised its position in Northern Trust by 51.2% during the fourth quarter. Brooklyn Investment Group now owns 378 shares of the asset manager’s stock worth $39,000 after acquiring an additional 128 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in Northern Trust during the third quarter worth about $48,000. Friedenthal Financial acquired a new position in Northern Trust during the fourth quarter worth about $57,000. Finally, Versant Capital Management Inc raised its position in Northern Trust by 34.9% during the fourth quarter. Versant Capital Management Inc now owns 684 shares of the asset manager’s stock worth $70,000 after acquiring an additional 177 shares during the last quarter. Institutional investors and hedge funds own 83.19% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on NTRS shares. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Northern Trust from $100.00 to $108.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Truist Financial lifted their target price 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. 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 research report on Monday, January 6th. Wells Fargo & Company boosted their price objective on shares of Northern Trust from $108.00 to $110.00 and gave the company an “equal weight” rating in a research report on Friday, November 15th. Finally, The Goldman Sachs Group boosted their price objective on shares of Northern Trust from $92.00 to $102.00 and gave the company a “sell” rating in a research report on Friday, January 24th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Northern Trust currently has a consensus rating of “Hold” and a consensus target price of $112.58.

Insiders Place Their Bets

In other Northern Trust news, insider Jason J. Tyler sold 2,237 shares of the business’s stock in a transaction that occurred on Thursday, January 30th. The shares were 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 directly owns 58,449 shares in the company, valued at $6,585,448.83. The trade was a 3.69 % decrease in their ownership of the stock. The transaction 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 transaction of $2,936,191.52. Following the sale, the chief operating officer now owns 26,586 shares of the company’s stock, valued at approximately $2,987,202.96. This represents a 49.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 35,335 shares of company stock worth $3,970,211 over the last ninety days. 0.64% of the stock is owned by company insiders.

Northern Trust Price Performance

Northern Trust stock opened at $110.22 on Friday. Northern Trust Co. has a 1 year low of $79.30 and a 1 year high of $114.67. The firm has a 50 day moving average price of $108.02 and a 200 day moving average price of $101.01. The company has a market cap of $21.85 billion, a price-to-earnings ratio of 11.27, a PEG ratio of 1.72 and a beta of 1.08. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.71 and a current ratio of 0.68.

Northern Trust (NASDAQ:NTRS) last released its earnings results on Thursday, January 23rd. The asset manager reported $2.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.96 by $0.30. Northern Trust had a net margin of 12.77% and a return on equity of 13.74%. Sell-side analysts predict that Northern Trust Co. will post 8.27 earnings per share for the current year.

Northern Trust Announces Dividend

The firm also recently disclosed 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 of this dividend is Friday, March 14th. This represents a $3.00 annualized dividend and a yield of 2.72%. Northern Trust’s dividend payout ratio is currently 30.67%.

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.