Northern Trust Co. (NASDAQ:NTRS) Shares Sold by Prudential Financial Inc.

Prudential Financial Inc. trimmed its holdings in shares of Northern Trust Co. (NASDAQ:NTRS) by 9.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 123,992 shares of the asset manager’s stock after selling 12,713 shares during the period. Prudential Financial Inc. owned approximately 0.06% of Northern Trust worth $12,709,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Y.D. More Investments Ltd lifted its position in Northern Trust by 118.4% during 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. Assetmark Inc. lifted its holdings 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 buying an additional 317 shares during the period. Brooklyn Investment Group boosted its stake in shares of 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 buying an additional 128 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Northern Trust by 83.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 494 shares of the asset manager’s stock worth $51,000 after buying an additional 224 shares during the last quarter. Finally, Friedenthal Financial acquired a new stake in Northern Trust during the fourth quarter worth about $57,000. 83.19% of the stock is owned by hedge funds and other institutional investors.

Northern Trust Stock Performance

NASDAQ NTRS opened at $100.55 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 1-year low of $79.32 and a 1-year high of $114.67. The company has a market cap of $19.68 billion, a PE ratio of 10.28, a price-to-earnings-growth ratio of 1.72 and a beta of 1.07. The stock’s 50 day simple moving average is $107.23 and its 200-day simple moving average is $102.71.

Northern Trust (NASDAQ:NTRS) last announced its earnings results 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%. As a group, equities research analysts anticipate that Northern Trust Co. will post 8.27 EPS for the current fiscal 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 issued a $0.75 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $3.00 dividend on an annualized basis and a yield of 2.98%. Northern Trust’s payout ratio is 30.67%.

Analyst Ratings Changes

Several research firms have commented on NTRS. The Goldman Sachs Group upped their price objective on Northern Trust from $92.00 to $102.00 and gave the stock a “sell” rating in a research report on Friday, January 24th. Truist Financial boosted their target price on shares of Northern Trust from $110.00 to $116.00 and gave the company a “hold” rating in a research note on Friday, January 24th. Morgan Stanley dropped their price target on shares of Northern Trust from $138.00 to $136.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 6th. Keefe, Bruyette & Woods upped their price objective on shares of Northern Trust from $113.00 to $122.00 and gave the stock a “market perform” rating in a research report on Friday, January 24th. Finally, UBS Group raised their target price on Northern Trust from $110.00 to $114.00 and gave the company a “neutral” rating in a research report on Monday, January 27th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Northern Trust has an average rating of “Hold” and a consensus price target of $112.85.

Insiders Place Their Bets

In other news, insider Jason J. Tyler sold 2,237 shares of Northern Trust 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 transaction, the insider now owns 58,449 shares in the company, valued at $6,585,448.83. The trade was a 3.69 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Thomas A. South sold 3,804 shares of the business’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $113.00, for a total transaction of $429,852.00. Following the transaction, the executive vice president now directly owns 81,794 shares in the company, 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 35,335 shares of company stock valued at $3,970,211 in the last ninety days. 0.64% of the stock is currently owned by corporate insiders.

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.