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

Xponance Inc. decreased its holdings in shares of Northern Trust Co. (NASDAQ:NTRS) by 3.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,887 shares of the asset manager’s stock after selling 1,100 shares during the period. Xponance Inc.’s holdings in Northern Trust were worth $2,269,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NTRS. AIA Group Ltd boosted its stake in shares of Northern Trust by 1.9% during the 4th quarter. AIA Group Ltd now owns 577,994 shares of the asset manager’s stock worth $48,771,000 after acquiring an additional 10,786 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of Northern Trust by 6.0% during the 4th quarter. Daiwa Securities Group Inc. now owns 18,715 shares of the asset manager’s stock worth $1,579,000 after acquiring an additional 1,061 shares in the last quarter. SVB Wealth LLC purchased a new stake in shares of Northern Trust during the 4th quarter worth approximately $213,000. Crescent Grove Advisors LLC boosted its stake in shares of Northern Trust by 13.5% during the 4th quarter. Crescent Grove Advisors LLC now owns 12,719 shares of the asset manager’s stock worth $1,083,000 after acquiring an additional 1,517 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. boosted its stake in shares of Northern Trust by 0.8% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 99,998 shares of the asset manager’s stock worth $8,438,000 after acquiring an additional 800 shares in the last quarter. Institutional investors and hedge funds own 83.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on NTRS shares. TheStreet raised Northern Trust from a “c+” rating to a “b-” rating in a research note on Friday, January 12th. Evercore ISI boosted their price target on Northern Trust from $86.00 to $87.00 and gave the stock an “in-line” rating in a research note on Thursday, April 4th. UBS Group upped their target price on Northern Trust from $72.00 to $84.00 and gave the company a “neutral” rating in a research note on Tuesday, January 9th. Barclays upped their target price on Northern Trust from $90.00 to $98.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 2nd. Finally, Royal Bank of Canada upped their target price on Northern Trust from $82.00 to $86.00 and gave the company an “outperform” rating in a research note on Friday, January 19th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $84.92.

Northern Trust Trading Up 2.6 %

Shares of Northern Trust stock opened at $83.54 on Tuesday. Northern Trust Co. has a fifty-two week low of $62.44 and a fifty-two week high of $89.25. The firm has a market cap of $17.04 billion, a PE ratio of 18.44, a P/E/G ratio of 1.17 and a beta of 1.13. The business’s fifty day moving average is $83.31 and its two-hundred day moving average is $79.22. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.61.

Northern Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 7th will be paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date of this dividend is Friday, June 7th. Northern Trust’s dividend payout ratio is presently 66.23%.

Insiders Place Their Bets

In other news, insider Steven L. Fradkin sold 30,392 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $80.11, for a total transaction of $2,434,703.12. Following the completion of the sale, the insider now directly owns 55,707 shares in the company, valued at approximately $4,462,687.77. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.64% of the company’s stock.

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.