Natixis Advisors LLC Has $9.21 Million Stock Position in Northern Trust Co. (NASDAQ:NTRS)

Natixis Advisors LLC lifted its holdings in shares of Northern Trust Co. (NASDAQ:NTRS) by 9.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 89,827 shares of the asset manager’s stock after acquiring an additional 8,053 shares during the period. Natixis Advisors LLC’s holdings in Northern Trust were worth $9,207,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Empowered Funds LLC increased its holdings in Northern Trust by 7.7% in the 3rd quarter. Empowered Funds LLC now owns 4,094 shares of the asset manager’s stock worth $369,000 after purchasing an additional 293 shares in the last quarter. Pathstone Holdings LLC increased its holdings in Northern Trust by 2.6% in the 3rd quarter. Pathstone Holdings LLC now owns 15,936 shares of the asset manager’s stock worth $1,437,000 after purchasing an additional 402 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Northern Trust in the 3rd quarter worth about $2,071,000. Ontario Teachers Pension Plan Board acquired a new position in Northern Trust in the 3rd quarter worth about $390,000. Finally, Primecap Management Co. CA increased its holdings in Northern Trust by 0.5% in the 3rd quarter. Primecap Management Co. CA now owns 7,085,117 shares of the asset manager’s stock worth $637,873,000 after purchasing an additional 38,360 shares in the last quarter. Institutional investors and hedge funds own 83.19% of the company’s stock.

Insiders Place Their Bets

In other Northern Trust news, COO Peter Cherecwich sold 26,132 shares of the stock in a transaction that occurred on Wednesday, January 29th. The stock was sold at an average price of $112.36, for a total value of $2,936,191.52. Following the transaction, the chief operating officer now owns 26,586 shares in the company, valued at approximately $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 Securities & Exchange Commission, which is accessible 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 value of $252,042.79. Following the completion of the transaction, the insider now owns 58,449 shares in the company, valued at approximately $6,585,448.83. The trade was 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. Corporate insiders own 0.64% of the company’s stock.

Northern Trust Trading Down 0.4 %

NASDAQ NTRS opened at $98.87 on Friday. The business has a 50 day simple moving average of $107.44 and a 200 day simple moving average of $102.32. Northern Trust Co. has a one year low of $79.32 and a one year high of $114.67. The stock has a market capitalization of $19.35 billion, a P/E ratio of 10.11, a P/E/G ratio of 1.72 and a beta of 1.07. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.71.

Northern Trust (NASDAQ:NTRS) last released 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%. Research analysts expect that Northern Trust Co. will post 8.27 earnings per share for the current year.

Northern Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be issued a $0.75 dividend. The ex-dividend date is Friday, March 14th. This represents a $3.00 annualized dividend and a yield of 3.03%. Northern Trust’s payout ratio is currently 30.67%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on NTRS shares. Truist Financial upped their price target on Northern Trust from $110.00 to $116.00 and gave the company a “hold” rating in a research report on Friday, January 24th. UBS Group upped their price target on Northern Trust from $110.00 to $114.00 and gave the company a “neutral” rating in a research report on Monday, January 27th. Barclays upped their price target on Northern Trust from $115.00 to $118.00 and gave the company an “equal weight” rating in a research report on Monday, January 6th. StockNews.com lowered Northern Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Finally, Royal Bank of Canada upped their price target on Northern Trust from $107.00 to $115.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. One investment 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. Based on data from MarketBeat, Northern Trust currently has a consensus rating of “Hold” and a consensus price target of $113.50.

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.