New York State Teachers Retirement System decreased its holdings in shares of Northern Trust Co. (NASDAQ:NTRS – Get Rating) by 4.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 223,158 shares of the asset manager’s stock after selling 11,241 shares during the period. New York State Teachers Retirement System owned about 0.11% of Northern Trust worth $19,747,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently modified their holdings of the company. Piershale Financial Group Inc. bought a new stake in shares of Northern Trust during the 4th quarter valued at $27,000. Massmutual Trust Co. FSB ADV boosted its holdings in Northern Trust by 145.4% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 319 shares of the asset manager’s stock worth $28,000 after buying an additional 189 shares during the period. Dupont Capital Management Corp boosted its holdings in Northern Trust by 27.9% in the 4th quarter. Dupont Capital Management Corp now owns 545 shares of the asset manager’s stock worth $48,000 after buying an additional 119 shares during the period. Hexagon Capital Partners LLC boosted its holdings in Northern Trust by 890.0% in the 3rd quarter. Hexagon Capital Partners LLC now owns 594 shares of the asset manager’s stock worth $51,000 after buying an additional 534 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in Northern Trust in the 4th quarter worth $51,000. Institutional investors own 81.44% of the company’s stock.
Northern Trust Stock Performance
Shares of NASDAQ:NTRS opened at $88.91 on Thursday. The company has a market capitalization of $18.47 billion, a price-to-earnings ratio of 14.48 and a beta of 1.07. Northern Trust Co. has a 12 month low of $76.15 and a 12 month high of $115.36. The firm’s 50-day moving average is $90.90 and its 200 day moving average is $89.94. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.46.
Northern Trust Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Saturday, April 1st. Shareholders of record on Friday, March 10th were paid a $0.75 dividend. The ex-dividend date of this dividend was Thursday, March 9th. This represents a $3.00 dividend on an annualized basis and a yield of 3.37%. Northern Trust’s dividend payout ratio is currently 48.86%.
Insiders Place Their Bets
In other Northern Trust news, EVP Lauren E. Allnutt sold 559 shares of the company’s stock in a transaction dated Thursday, March 9th. The shares were sold at an average price of $87.30, for a total value of $48,800.70. Following the transaction, the executive vice president now directly owns 5,576 shares in the company, valued at approximately $486,784.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Lauren E. Allnutt sold 559 shares of the stock in a transaction that occurred on Thursday, March 9th. The shares were sold at an average price of $87.30, for a total transaction of $48,800.70. Following the completion of the sale, the executive vice president now owns 5,576 shares of the company’s stock, valued at $486,784.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Jason J. Tyler sold 1,764 shares of the stock in a transaction that occurred on Monday, February 6th. The shares were sold at an average price of $96.98, for a total transaction of $171,072.72. Following the sale, the chief financial officer now directly owns 30,470 shares of the company’s stock, valued at approximately $2,954,980.60. The disclosure for this sale can be found here. Insiders own 0.63% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on NTRS shares. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Northern Trust from $95.00 to $90.00 in a report on Friday, January 20th. Royal Bank of Canada dropped their target price on shares of Northern Trust from $95.00 to $87.00 in a report on Friday, March 24th. JPMorgan Chase & Co. raised shares of Northern Trust from an “underweight” rating to a “neutral” rating and dropped their target price for the stock from $97.00 to $96.50 in a report on Monday. Morgan Stanley boosted their price target on shares of Northern Trust from $97.00 to $101.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 1st. Finally, Evercore ISI decreased their price target on shares of Northern Trust from $88.00 to $86.00 and set an “in-line” rating on the stock in a research note on Wednesday, April 5th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $99.46.
Northern Trust Profile
Northern Trust Corp. is a financial holding company, which engages in the provision of asset servicing, fund administration, asset management, fiduciary, and banking solutions for corporations, institutions, families, and individuals. It operates through the following segments: Corporate & Institutional Services and Wealth Management.
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