Tredje AP fonden Cuts Stock Holdings in Northern Trust Co. (NASDAQ:NTRS)

Tredje AP fonden reduced its position in shares of Northern Trust Co. (NASDAQ:NTRS) by 50.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,276 shares of the asset manager’s stock after selling 16,275 shares during the period. Tredje AP fonden’s holdings in Northern Trust were worth $1,668,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in NTRS. Y.D. More Investments Ltd increased its holdings in Northern Trust by 118.4% in the fourth quarter. Y.D. More Investments Ltd now owns 249 shares of the asset manager’s stock valued at $26,000 after buying an additional 135 shares in the last quarter. Empirical Asset Management LLC purchased a new position in Northern Trust in the fourth quarter valued at about $33,000. Brooklyn Investment Group increased its holdings in Northern Trust by 51.2% in the fourth quarter. Brooklyn Investment Group now owns 378 shares of the asset manager’s stock valued at $39,000 after buying an additional 128 shares in the last quarter. Assetmark Inc. increased its holdings in Northern Trust by 528.3% in the fourth quarter. Assetmark Inc. now owns 377 shares of the asset manager’s stock valued at $39,000 after buying an additional 317 shares in the last quarter. Finally, Proficio Capital Partners LLC purchased a new position in Northern Trust in the fourth quarter valued at about $51,000. 83.19% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on NTRS shares. Wells Fargo & Company increased their target price on shares of Northern Trust from $108.00 to $110.00 and gave the company an “equal weight” rating in a report on Friday, November 15th. Barclays raised their price objective on shares of Northern Trust from $115.00 to $118.00 and gave the stock an “equal weight” rating in a research note on Monday, January 6th. The Goldman Sachs Group raised their price objective on shares of Northern Trust from $92.00 to $102.00 and gave the stock a “sell” rating in a research note on Friday, January 24th. Truist Financial raised their price objective on shares of Northern Trust from $110.00 to $116.00 and gave the stock a “hold” rating in a research note on Friday, January 24th. Finally, StockNews.com cut shares of Northern Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. One analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Northern Trust currently has a consensus rating of “Hold” and a consensus target price of $113.50.

Insider Activity at Northern Trust

In related news, EVP Thomas A. South sold 3,804 shares of Northern Trust stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $113.00, for a total transaction of $429,852.00. Following the transaction, the executive vice president now owns 81,794 shares in the company, valued at approximately $9,242,722. The trade was a 4.44 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider John Landers sold 900 shares of Northern Trust stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $111.44, for a total transaction of $100,296.00. Following the transaction, the insider now owns 7,640 shares in the company, valued at $851,401.60. The trade was a 10.54 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 35,335 shares of company stock worth $3,970,211. 0.64% of the stock is currently owned by corporate insiders.

Northern Trust Stock Up 1.9 %

Shares of NTRS opened at $97.88 on Friday. The firm has a market cap of $19.15 billion, a PE ratio of 10.01, a price-to-earnings-growth ratio of 1.72 and a beta of 1.07. The company’s fifty day moving average is $107.74 and its two-hundred day moving average is $102.06. Northern Trust Co. has a fifty-two week low of $79.32 and a fifty-two week high of $114.67. The company has a quick ratio of 0.71, a current ratio of 0.68 and a debt-to-equity ratio of 0.58.

Northern Trust (NASDAQ:NTRS) last announced its quarterly earnings results on Thursday, January 23rd. The asset manager reported $2.26 earnings per share for the quarter, beating 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%. Analysts forecast that Northern Trust Co. will post 8.27 earnings per share for the current year.

Northern Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be issued a dividend of $0.75 per share. The ex-dividend date is Friday, March 14th. This represents a $3.00 annualized dividend and a dividend yield of 3.06%. Northern Trust’s payout ratio is 30.67%.

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.