Mn Services Vermogensbeheer B.V. Has $8.32 Million Position in Northern Trust Co. (NASDAQ:NTRS)

Mn Services Vermogensbeheer B.V. increased its stake in Northern Trust Co. (NASDAQ:NTRS) by 2.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 81,198 shares of the asset manager’s stock after purchasing an additional 1,800 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Northern Trust were worth $8,323,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FMR LLC lifted its holdings in shares of Northern Trust by 9.3% during the third quarter. FMR LLC now owns 18,187,663 shares of the asset manager’s stock worth $1,637,435,000 after buying an additional 1,542,685 shares during the last quarter. Primecap Management Co. CA lifted its holdings in shares of Northern Trust by 0.5% during the third quarter. Primecap Management Co. CA now owns 7,085,117 shares of the asset manager’s stock worth $637,873,000 after buying an additional 38,360 shares during the last quarter. JPMorgan Chase & Co. lifted 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 worth $386,809,000 after buying an additional 388,692 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Northern Trust by 1.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,577,091 shares of the asset manager’s stock worth $141,986,000 after buying an additional 16,500 shares during the last quarter. Finally, KBC Group NV increased its position in shares of Northern Trust by 201.6% during the fourth quarter. KBC Group NV now owns 963,811 shares of the asset manager’s stock valued at $98,791,000 after purchasing an additional 644,261 shares during the period. 83.19% of the stock is currently owned by institutional investors and hedge funds.

Northern Trust Stock Performance

Shares of NASDAQ:NTRS opened at $110.22 on Friday. The business’s fifty day moving average price is $108.02 and its two-hundred day moving average price is $101.01. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.71. The stock has a market capitalization of $21.85 billion, a price-to-earnings ratio of 11.27, a price-to-earnings-growth ratio of 1.72 and a beta of 1.08. Northern Trust Co. has a fifty-two week low of $79.30 and a fifty-two week high of $114.67.

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

Northern Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 2.72%. The ex-dividend date of this dividend is Friday, March 14th. Northern Trust’s payout ratio is presently 30.67%.

Insider Transactions at Northern Trust

In other news, COO Peter Cherecwich sold 26,132 shares of the company’s stock in a transaction on Wednesday, January 29th. The stock was sold at an average price of $112.36, for a total transaction of $2,936,191.52. Following the transaction, the chief operating officer now owns 26,586 shares of the company’s stock, valued at $2,987,202.96. This represents a 49.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jason J. Tyler sold 2,237 shares of the company’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $112.67, for a total value of $252,042.79. Following the transaction, the insider now directly owns 58,449 shares in the company, valued at $6,585,448.83. This trade represents a 3.69 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 35,335 shares of company stock worth $3,970,211. Insiders own 0.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on NTRS shares. Truist Financial boosted their price objective on Northern Trust from $110.00 to $116.00 and gave the company a “hold” rating in a research report on Friday, January 24th. Deutsche Bank Aktiengesellschaft boosted their price objective on Northern Trust from $100.00 to $108.00 and gave the company a “hold” rating in a research report on Monday, November 11th. StockNews.com cut Northern Trust from a “buy” rating to a “hold” rating in a research report on Tuesday. The Goldman Sachs Group boosted their price objective on Northern Trust from $92.00 to $102.00 and gave the company a “sell” rating in a research report on Friday, January 24th. Finally, UBS Group boosted their price objective on Northern Trust from $110.00 to $114.00 and gave the company a “neutral” rating in a research report on Monday, January 27th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $112.58.

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.