Parkside Financial Bank & Trust Has $117,000 Holdings in Northern Trust Co. (NASDAQ:NTRS)

Parkside Financial Bank & Trust lessened its holdings in Northern Trust Co. (NASDAQ:NTRS) by 9.5% during the fourth quarter, HoldingsChannel reports. The fund owned 1,146 shares of the asset manager’s stock after selling 120 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Northern Trust were worth $117,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. QRG Capital Management Inc. acquired a new stake in shares of Northern Trust in the 4th quarter worth about $299,000. Proficio Capital Partners LLC bought a new stake in Northern Trust in the 4th quarter worth about $51,000. Mn Services Vermogensbeheer B.V. grew its position in Northern Trust by 2.3% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 81,198 shares of the asset manager’s stock worth $8,323,000 after purchasing an additional 1,800 shares in the last quarter. Harfst & Associates Inc. grew its position in Northern Trust by 0.7% in the 4th quarter. Harfst & Associates Inc. now owns 27,998 shares of the asset manager’s stock worth $2,870,000 after purchasing an additional 189 shares in the last quarter. Finally, Illinois Municipal Retirement Fund grew its position in Northern Trust by 43.6% in the 4th quarter. Illinois Municipal Retirement Fund now owns 142,069 shares of the asset manager’s stock worth $14,562,000 after purchasing an additional 43,131 shares in the last quarter. Institutional investors and hedge funds own 83.19% of the company’s stock.

Insider Buying and Selling

In other Northern Trust news, EVP Jane Karpinski sold 2,262 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $111.33, for a total value of $251,828.46. Following the sale, the executive vice president now directly owns 17,236 shares in the company, valued at $1,918,883.88. This represents a 11.60 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jason J. Tyler sold 2,237 shares of the stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $112.67, for a total transaction of $252,042.79. Following the completion of the sale, the insider now owns 58,449 shares in the company, valued at $6,585,448.83. This represents a 3.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 35,335 shares of company stock valued at $3,970,211. Company insiders own 0.64% of the company’s stock.

Northern Trust Stock Up 1.0 %

NTRS opened at $110.22 on Monday. The company has a 50 day moving average of $108.02 and a 200 day moving average of $101.25. The company has a market cap of $21.57 billion, a PE ratio of 11.27, a price-to-earnings-growth ratio of 1.72 and a beta of 1.08. Northern Trust Co. has a 12 month low of $79.30 and a 12 month high of $114.67. The company has a current ratio of 0.68, a quick ratio of 0.71 and a debt-to-equity ratio of 0.58.

Northern Trust (NASDAQ:NTRS) last released its quarterly earnings data 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 net margin of 12.77% and a return on equity of 13.74%. On average, sell-side analysts expect that Northern Trust Co. will post 8.27 EPS for the current year.

Northern Trust Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Northern Trust from $100.00 to $108.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Morgan Stanley reduced their price objective on shares of Northern Trust from $127.00 to $125.00 and set an “equal weight” rating for the company in a research report on Friday, January 3rd. Wells Fargo & Company upped their price objective 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. Truist Financial upped their price objective on shares of Northern Trust from $110.00 to $116.00 and gave the stock a “hold” rating in a research report on Friday, January 24th. Finally, Royal Bank of Canada increased their target price on shares of Northern Trust from $107.00 to $115.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus 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.