Northern Trust Co. (NASDAQ:NTRS) Stock Position Trimmed by Kentucky Retirement Systems

Kentucky Retirement Systems decreased its stake in shares of Northern Trust Co. (NASDAQ:NTRS) by 1.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,856 shares of the asset manager’s stock after selling 191 shares during the period. Kentucky Retirement Systems’ holdings in Northern Trust were worth $1,420,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Ballentine Partners LLC increased its stake in Northern Trust by 4.4% during the 4th quarter. Ballentine Partners LLC now owns 2,483 shares of the asset manager’s stock valued at $255,000 after buying an additional 105 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Northern Trust by 24.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 22,061 shares of the asset manager’s stock worth $2,286,000 after purchasing an additional 4,374 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Northern Trust by 9.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,296,442 shares of the asset manager’s stock worth $386,809,000 after purchasing an additional 388,692 shares during the last quarter. Kovitz Investment Group Partners LLC grew its stake in shares of Northern Trust by 68.1% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 13,765 shares of the asset manager’s stock worth $1,239,000 after purchasing an additional 5,578 shares during the last quarter. Finally, Caprock Group LLC purchased a new position in shares of Northern Trust in the fourth quarter worth approximately $1,059,000. Institutional investors and hedge funds own 83.19% of the company’s stock.

Insider Buying and Selling at Northern Trust

In other news, Vice Chairman Steven L. Fradkin sold 9,100 shares of the business’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $111.00, for a total value of $1,010,100.00. Following the sale, the insider now owns 47,797 shares in the company, valued at approximately $5,305,467. The trade was a 15.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Jane Karpinski sold 2,262 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $111.33, for a total transaction of $251,828.46. Following the completion of the sale, the executive vice president now owns 17,236 shares in the company, valued at $1,918,883.88. This represents a 11.60 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 44,435 shares of company stock valued at $4,980,311 in the last 90 days. 0.64% of the stock is currently owned by company insiders.

Northern Trust Trading Down 0.5 %

NASDAQ:NTRS opened at $112.97 on Monday. Northern Trust Co. has a 12 month low of $79.30 and a 12 month high of $114.67. The firm has a market cap of $22.39 billion, a price-to-earnings ratio of 11.55, a P/E/G ratio of 1.72 and a beta of 1.08. The company has a quick ratio of 0.71, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The company’s 50 day moving average is $107.25 and its 200-day moving average is $100.31.

Northern Trust (NASDAQ:NTRS) last announced its earnings results on Thursday, January 23rd. The asset manager reported $2.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.96 by $0.30. Northern Trust had a net margin of 12.77% and a return on equity of 13.74%. Equities analysts anticipate that Northern Trust Co. will post 8.27 EPS for the current year.

Northern Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 2.66%. The ex-dividend date is Friday, March 14th. Northern Trust’s dividend payout ratio (DPR) is presently 30.67%.

Analysts Set New Price Targets

Several research firms have recently weighed in on NTRS. Wells Fargo & Company lifted their target price on shares of Northern Trust from $108.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Friday, November 15th. The Goldman Sachs Group raised their price target on shares of Northern Trust from $92.00 to $102.00 and gave the stock a “sell” rating in a report on Friday, January 24th. Keefe, Bruyette & Woods raised their price target on shares of Northern Trust from $113.00 to $122.00 and gave the stock a “market perform” rating in a report on Friday, January 24th. Barclays raised their price target on shares of Northern Trust from $115.00 to $118.00 and gave the stock an “equal weight” rating in a report on Monday, January 6th. Finally, Royal Bank of Canada raised their price target on shares of Northern Trust from $107.00 to $115.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $112.58.

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.