Robeco Institutional Asset Management B.V. Has $86.43 Million Stock Position in Northern Trust Corporation $NTRS

Robeco Institutional Asset Management B.V. trimmed its stake in shares of Northern Trust Corporation (NASDAQ:NTRS) by 4.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 632,753 shares of the asset manager’s stock after selling 28,515 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Northern Trust were worth $86,428,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. New Age Alpha Advisors LLC increased its holdings in shares of Northern Trust by 4.9% during the third quarter. New Age Alpha Advisors LLC now owns 1,659 shares of the asset manager’s stock worth $223,000 after buying an additional 78 shares in the last quarter. Salomon & Ludwin LLC increased its holdings in shares of Northern Trust by 13.1% during the third quarter. Salomon & Ludwin LLC now owns 682 shares of the asset manager’s stock worth $90,000 after buying an additional 79 shares in the last quarter. Compound Planning Inc. increased its holdings in shares of Northern Trust by 5.1% during the third quarter. Compound Planning Inc. now owns 1,666 shares of the asset manager’s stock worth $224,000 after buying an additional 81 shares in the last quarter. Apollon Wealth Management LLC increased its holdings in shares of Northern Trust by 1.9% during the fourth quarter. Apollon Wealth Management LLC now owns 4,379 shares of the asset manager’s stock worth $598,000 after buying an additional 81 shares in the last quarter. Finally, NorthRock Partners LLC increased its holdings in shares of Northern Trust by 2.2% during the third quarter. NorthRock Partners LLC now owns 3,812 shares of the asset manager’s stock worth $513,000 after buying an additional 83 shares in the last quarter. 83.19% of the stock is owned by institutional investors.

Insider Transactions at Northern Trust

In other Northern Trust news, insider Clive Bellows sold 1,148 shares of the firm’s stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $145.26, for a total value of $166,758.48. Following the transaction, the insider directly owned 34,133 shares of the company’s stock, valued at approximately $4,958,159.58. This trade represents a 3.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Peter Cherecwich sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, January 26th. The shares were sold at an average price of $149.62, for a total transaction of $3,740,500.00. Following the completion of the transaction, the chief operating officer directly owned 26,259 shares in the company, valued at approximately $3,928,871.58. The trade was a 48.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 34,905 shares of company stock valued at $5,166,714. 0.66% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on NTRS shares. Truist Financial dropped their price objective on shares of Northern Trust from $160.00 to $155.00 and set a “hold” rating for the company in a report on Wednesday, April 1st. Zacks Research raised shares of Northern Trust from a “hold” rating to a “strong-buy” rating in a report on Friday, January 23rd. Wall Street Zen raised shares of Northern Trust from a “sell” rating to a “hold” rating in a report on Saturday, December 27th. The Goldman Sachs Group raised shares of Northern Trust from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $148.00 to $151.00 in a report on Monday, April 6th. Finally, TD Cowen increased their price target on shares of Northern Trust from $165.00 to $175.00 and gave the company a “buy” rating in a research note on Monday, January 26th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $154.55.

Northern Trust Price Performance

NTRS opened at $152.23 on Monday. Northern Trust Corporation has a one year low of $85.54 and a one year high of $157.60. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.69 and a quick ratio of 0.69. The company’s 50 day simple moving average is $143.30 and its 200-day simple moving average is $137.92. The stock has a market capitalization of $28.21 billion, a P/E ratio of 17.42, a price-to-earnings-growth ratio of 1.19 and a beta of 1.23.

Northern Trust (NASDAQ:NTRS) last released its quarterly earnings results on Friday, January 30th. The asset manager reported $2.42 EPS for the quarter, beating the consensus estimate of $2.37 by $0.05. Northern Trust had a net margin of 12.15% and a return on equity of 14.87%. The business had revenue of $3.15 billion for the quarter. During the same period last year, the company earned $2.26 earnings per share. Northern Trust’s revenue for the quarter was up 8.4% compared to the same quarter last year. Sell-side analysts anticipate that Northern Trust Corporation will post 8.27 earnings per share for the current fiscal year.

Northern Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Friday, March 6th were paid a $0.80 dividend. The ex-dividend date of this dividend was Friday, March 6th. This represents a $3.20 dividend on an annualized basis and a yield of 2.1%. Northern Trust’s dividend payout ratio (DPR) is presently 36.61%.

Northern Trust Company Profile

Northern Trust Corporation (NASDAQ: NTRS) is a global financial services firm headquartered in Chicago that provides asset servicing, asset management and wealth management solutions to institutions, corporations and high-net-worth individuals. The company’s core businesses include custody and fund administration, investment operations outsourcing, trust and fiduciary services, private banking, and retirement and defined contribution plan services.

Northern Trust’s product and service offerings span custody and fund accounting, portfolio and performance analytics, securities lending, cash management and foreign exchange, as well as discretionary and non-discretionary investment management.