Northern Trust Co. (NASDAQ:NTRS) Shares Acquired by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Northern Trust Co. (NASDAQ:NTRS) by 257.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 72,598 shares of the asset manager’s stock after purchasing an additional 52,280 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Northern Trust were worth $7,441,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in NTRS. JPMorgan Chase & Co. raised its holdings in shares of Northern Trust by 9.9% during the third quarter. JPMorgan Chase & Co. now owns 4,296,442 shares of the asset manager’s stock valued at $386,809,000 after acquiring an additional 388,692 shares during the period. Fifth Third Wealth Advisors LLC bought a new stake in Northern Trust in the fourth quarter worth approximately $213,000. Assenagon Asset Management S.A. grew its position in Northern Trust by 4.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 3,939 shares of the asset manager’s stock worth $404,000 after acquiring an additional 166 shares in the last quarter. Park Avenue Securities LLC acquired a new position in Northern Trust in the 4th quarter valued at $212,000. Finally, Ritholtz Wealth Management grew its stake in Northern Trust by 72.5% in the 4th quarter. Ritholtz Wealth Management now owns 9,348 shares of the asset manager’s stock valued at $958,000 after buying an additional 3,928 shares during the last quarter. Institutional investors and hedge funds own 83.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on NTRS. StockNews.com lowered shares of Northern Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Truist Financial reduced their price objective on shares of Northern Trust from $98.00 to $92.00 and set a “hold” rating for the company in a report on Wednesday, April 23rd. Citigroup dropped their target price on shares of Northern Trust from $110.00 to $105.00 and set a “neutral” rating for the company in a research report on Monday, March 24th. Evercore ISI dropped their target price on shares of Northern Trust from $104.00 to $100.00 and set an “in-line” rating for the company in a research report on Wednesday, April 23rd. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Northern Trust from $113.00 to $122.00 and gave the company a “market perform” rating in a research report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $110.83.

Insider Buying and Selling at Northern Trust

In other news, EVP Thomas A. South sold 3,804 shares of the business’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $113.00, for a total value of $429,852.00. Following the sale, the executive vice president now owns 81,794 shares of the company’s stock, valued at $9,242,722. The trade was a 4.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Teresa Parker sold 6,467 shares of the business’s stock in a transaction on Friday, May 9th. The stock was sold at an average price of $100.62, for a total transaction of $650,709.54. Following the completion of the sale, the insider now directly owns 79,391 shares in the company, valued at approximately $7,988,322.42. This represents a 7.53% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,571 shares of company stock valued at $1,410,397. 0.77% of the stock is currently owned by corporate insiders.

Northern Trust Stock Up 0.4%

Shares of NASDAQ:NTRS opened at $107.90 on Friday. The company has a 50 day moving average of $95.44 and a 200-day moving average of $103.06. Northern Trust Co. has a one year low of $79.68 and a one year high of $114.67. The stock has a market cap of $20.99 billion, a price-to-earnings ratio of 11.03, a P/E/G ratio of 1.72 and a beta of 1.18. 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 (NASDAQ:NTRS) last released its quarterly earnings data on Tuesday, April 22nd. The asset manager reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.85 by $0.05. Northern Trust had a net margin of 12.77% and a return on equity of 13.74%. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.95 billion. On average, sell-side analysts forecast that Northern Trust Co. will post 8.27 earnings per share for the current year.

Northern Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 6th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date of this dividend is Friday, June 6th. Northern Trust’s payout ratio is currently 27.99%.

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.