Northern Trust Co. (NASDAQ:NTRS) Shares Bought by Wimmer Associates 1 LLC

Wimmer Associates 1 LLC grew its position in shares of Northern Trust Co. (NASDAQ:NTRS) by 3.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 10,504 shares of the asset manager’s stock after purchasing an additional 395 shares during the quarter. Wimmer Associates 1 LLC’s holdings in Northern Trust were worth $1,077,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Ballentine Partners LLC boosted its stake in shares of Northern Trust by 4.4% during the 4th quarter. Ballentine Partners LLC now owns 2,483 shares of the asset manager’s stock worth $255,000 after acquiring an additional 105 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in Northern Trust by 24.7% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 22,061 shares of the asset manager’s stock valued at $2,286,000 after purchasing an additional 4,374 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Northern Trust by 9.9% in the third quarter. JPMorgan Chase & Co. now owns 4,296,442 shares of the asset manager’s stock worth $386,809,000 after buying an additional 388,692 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Northern Trust in the fourth quarter worth about $7,437,000. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Northern Trust by 0.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,267,406 shares of the asset manager’s stock worth $129,909,000 after buying an additional 8,102 shares during the last quarter. 83.19% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on NTRS shares. Morgan Stanley dropped their target price on shares of Northern Trust from $136.00 to $132.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 2nd. Truist Financial cut their price objective on Northern Trust from $98.00 to $92.00 and set a “hold” rating for the company in a report on Wednesday, April 23rd. UBS Group lifted their price objective on Northern Trust from $110.00 to $114.00 and gave the company a “neutral” rating in a report on Monday, January 27th. The Goldman Sachs Group lifted their price target on Northern Trust from $92.00 to $102.00 and gave the company a “sell” rating in a report on Friday, January 24th. Finally, Keefe, Bruyette & Woods lifted their price objective on Northern Trust from $113.00 to $122.00 and gave the stock a “market perform” rating in a research report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $110.83.

Northern Trust Price Performance

Northern Trust stock opened at $107.90 on Monday. The company has a current ratio of 0.68, a quick ratio of 0.71 and a debt-to-equity ratio of 0.58. The business has a 50-day moving average of $95.44 and a 200-day moving average of $103.08. Northern Trust Co. has a 1 year low of $79.68 and a 1 year high of $114.67. The firm has a market capitalization of $20.99 billion, a P/E ratio of 11.03, a PEG ratio of 1.72 and a beta of 1.18.

Northern Trust (NASDAQ:NTRS) last issued its quarterly earnings data on Tuesday, April 22nd. The asset manager reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.85 by $0.05. The business had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.95 billion. Northern Trust had a return on equity of 13.74% and a net margin of 12.77%. On average, equities analysts anticipate that Northern Trust Co. will post 8.27 EPS for the current year.

Northern Trust Announces Dividend

The company also recently announced 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 annualized dividend and a yield of 2.78%. The ex-dividend date of this dividend is Friday, June 6th. Northern Trust’s payout ratio is 27.99%.

Insider Buying and Selling at Northern Trust

In other Northern Trust news, EVP Clive Bellows sold 3,300 shares of the business’s stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $99.95, for a total value of $329,835.00. Following the sale, the executive vice president now owns 28,736 shares in the company, valued at approximately $2,872,163.20. The trade was a 10.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Teresa Parker sold 6,467 shares of the stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $100.62, for a total value of $650,709.54. Following the completion of the sale, the insider now directly owns 79,391 shares of the company’s stock, valued at approximately $7,988,322.42. The trade was a 7.53% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 13,571 shares of company stock worth $1,410,397. Corporate insiders own 0.77% of the company’s stock.

Northern Trust 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.