B. Metzler seel. Sohn & Co. AG Sells 4,926 Shares of Northern Trust Co. (NASDAQ:NTRS)

B. Metzler seel. Sohn & Co. AG cut its stake in shares of Northern Trust Co. (NASDAQ:NTRS) by 21.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 18,072 shares of the asset manager’s stock after selling 4,926 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in Northern Trust were worth $1,852,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Y.D. More Investments Ltd lifted its holdings in Northern Trust by 118.4% during the 4th quarter. Y.D. More Investments Ltd now owns 249 shares of the asset manager’s stock valued at $26,000 after purchasing an additional 135 shares during the last quarter. Assetmark Inc. raised its stake in shares of 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 acquiring an additional 317 shares during the last quarter. Brooklyn Investment Group boosted its holdings in shares of Northern Trust by 51.2% in the 4th quarter. Brooklyn Investment Group now owns 378 shares of the asset manager’s stock worth $39,000 after acquiring an additional 128 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in Northern Trust by 83.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 494 shares of the asset manager’s stock worth $51,000 after acquiring an additional 224 shares during the last quarter. Finally, Friedenthal Financial acquired a new stake in Northern Trust during the 4th quarter valued at $57,000. Institutional investors and hedge funds own 83.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Morgan Stanley decreased their target price on Northern Trust from $136.00 to $132.00 and set an “equal weight” rating on the stock in a report on Wednesday. Truist Financial increased their price objective on shares of Northern Trust from $110.00 to $116.00 and gave the stock a “hold” rating in a report on Friday, January 24th. Wells Fargo & Company reduced their target price on shares of Northern Trust from $119.00 to $118.00 and set an “equal weight” rating on the stock in a research report on Friday, March 28th. Keefe, Bruyette & Woods increased their price target on shares of Northern Trust from $113.00 to $122.00 and gave the company a “market perform” rating in a research note on Friday, January 24th. Finally, Bank of America dropped their price objective on shares of Northern Trust from $123.00 to $121.00 and set a “buy” rating for the company in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $113.69.

Insiders Place Their Bets

In related news, EVP Thomas A. South sold 3,804 shares of the firm’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $113.00, for a total transaction of $429,852.00. Following the sale, the executive vice president now owns 81,794 shares of the company’s stock, valued at approximately $9,242,722. This trade represents a 4.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Peter Cherecwich sold 26,132 shares of the business’s stock in a transaction dated Wednesday, January 29th. The shares were sold at an average price of $112.36, for a total value of $2,936,191.52. Following the completion of the transaction, the chief operating officer now directly owns 26,586 shares of the company’s stock, valued at approximately $2,987,202.96. The trade was a 49.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 35,335 shares of company stock worth $3,970,211. Company insiders own 0.77% of the company’s stock.

Northern Trust Stock Up 0.8 %

NASDAQ:NTRS opened at $98.73 on Thursday. 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 Co. has a 12-month low of $79.32 and a 12-month high of $114.67. The stock’s fifty day simple moving average is $106.51 and its 200-day simple moving average is $103.11. The firm has a market capitalization of $19.32 billion, a P/E ratio of 10.10, a P/E/G ratio of 1.72 and a beta of 1.07.

Northern Trust (NASDAQ:NTRS) last issued 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 return on equity of 13.74% and a net margin of 12.77%. Equities research analysts expect that Northern Trust Co. will post 8.27 earnings per share for the current year.

Northern Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th were paid a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 3.04%. The ex-dividend date of this dividend was Friday, March 14th. Northern Trust’s payout ratio is presently 30.67%.

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.