Gotham Asset Management LLC Sells 136 Shares of Northern Trust Co. (NASDAQ:NTRS)

Gotham Asset Management LLC trimmed its holdings in shares of Northern Trust Co. (NASDAQ:NTRS) by 4.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,294 shares of the asset manager’s stock after selling 136 shares during the quarter. Gotham Asset Management LLC’s holdings in Northern Trust were worth $338,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its holdings in 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 purchasing an additional 388,692 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in Northern Trust by 4.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 3,939 shares of the asset manager’s stock valued at $404,000 after purchasing an additional 166 shares in the last quarter. Park Avenue Securities LLC purchased a new position in Northern Trust during the fourth quarter valued at approximately $212,000. Merit Financial Group LLC purchased a new position in Northern Trust during the fourth quarter valued at approximately $289,000. Finally, Aaron Wealth Advisors LLC purchased a new position in shares of Northern Trust in the fourth quarter worth $235,000. 83.19% of the stock is currently owned by institutional investors.

Northern Trust Trading Down 0.6%

Shares of NTRS opened at $107.32 on Wednesday. The company’s fifty day moving average is $95.85 and its 200 day moving average is $103.16. Northern Trust Co. has a fifty-two week low of $79.68 and a fifty-two week high of $114.67. The stock has a market capitalization of $20.88 billion, a PE ratio of 10.97, 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 quick ratio of 0.71 and a current ratio of 0.68.

Northern Trust (NASDAQ:NTRS) last posted its quarterly earnings data on Tuesday, April 22nd. The asset manager reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $1.95 billion. Sell-side analysts expect that Northern Trust Co. will post 8.27 earnings per share for the current fiscal year.

Northern Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 6th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date of this dividend is Friday, June 6th. Northern Trust’s dividend payout ratio (DPR) is 27.99%.

Wall Street Analysts Forecast Growth

NTRS has been the topic of several research analyst reports. Truist Financial lowered their target price on shares of Northern Trust from $98.00 to $92.00 and set a “hold” rating on the stock in a report on Wednesday, April 23rd. StockNews.com downgraded shares of Northern Trust from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Bank of America lowered their target price on shares of Northern Trust from $123.00 to $121.00 and set a “buy” rating on the stock in a report on Wednesday, April 2nd. Wells Fargo & Company lowered their target price on shares of Northern Trust from $118.00 to $111.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 23rd. Finally, Evercore ISI lowered their target price on shares of Northern Trust from $104.00 to $100.00 and set an “in-line” rating on the stock in a report on Wednesday, April 23rd. 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 stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $110.83.

Insider Buying and Selling at Northern Trust

In other news, EVP Clive Bellows sold 3,300 shares of the company’s stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $99.95, for a total value of $329,835.00. Following the transaction, the executive vice president now directly owns 28,736 shares in the company, valued at approximately $2,872,163.20. This represents a 10.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Teresa Parker sold 6,467 shares of the company’s stock in a transaction dated 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 transaction, the insider now owns 79,391 shares in the company, valued at approximately $7,988,322.42. The trade was a 7.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.77% of the company’s stock.

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.