Norinchukin Bank The Acquires 723 Shares of Northern Trust Co. (NASDAQ:NTRS)

Norinchukin Bank The raised its holdings in Northern Trust Co. (NASDAQ:NTRS) by 8.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,111 shares of the asset manager’s stock after purchasing an additional 723 shares during the quarter. Norinchukin Bank The’s holdings in Northern Trust were worth $934,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Juncture Wealth Strategies LLC increased its holdings in Northern Trust by 2.4% during the fourth quarter. Juncture Wealth Strategies LLC now owns 4,212 shares of the asset manager’s stock worth $432,000 after buying an additional 100 shares during the last quarter. Ballentine Partners LLC increased its stake in shares of Northern Trust by 4.4% during the 4th quarter. Ballentine Partners LLC now owns 2,483 shares of the asset manager’s stock worth $255,000 after purchasing an additional 105 shares during the last quarter. Pallas Capital Advisors LLC lifted its stake in Northern Trust by 1.8% in the fourth quarter. Pallas Capital Advisors LLC now owns 6,091 shares of the asset manager’s stock valued at $624,000 after purchasing an additional 107 shares during the last quarter. Bradley Foster & Sargent Inc. CT grew its holdings in Northern Trust by 2.4% during the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 4,774 shares of the asset manager’s stock valued at $489,000 after purchasing an additional 114 shares during the period. Finally, Brooklyn Investment Group raised its stake in shares of 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 during the period. 83.19% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, COO Peter Cherecwich sold 26,132 shares of the firm’s stock in a transaction that occurred on Wednesday, January 29th. The stock was sold at an average price of $112.36, for a total transaction of $2,936,191.52. Following the transaction, the chief operating officer now directly owns 26,586 shares in the company, valued at $2,987,202.96. This trade represents a 49.57 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Thomas A. South sold 3,804 shares of Northern Trust stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $113.00, for a total value of $429,852.00. Following the completion of the transaction, the executive vice president now directly owns 81,794 shares in the company, valued at $9,242,722. This trade represents a 4.44 % 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 valued at $3,970,211. 0.77% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently weighed in on NTRS shares. Keefe, Bruyette & Woods lifted their price objective on Northern Trust from $113.00 to $122.00 and gave the stock a “market perform” rating in a report on Friday, January 24th. Wells Fargo & Company lowered their price target 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. 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 report on Monday, January 6th. Truist Financial lowered their target price on shares of Northern Trust from $116.00 to $98.00 and set a “hold” rating on the stock in a report on Friday, April 4th. Finally, Bank of America dropped their target price on Northern Trust from $123.00 to $121.00 and set a “buy” rating on the stock in a research report on Wednesday, April 2nd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $113.08.

Northern Trust Stock Performance

Northern Trust stock opened at $86.78 on Tuesday. The stock has a market cap of $16.98 billion, a P/E ratio of 8.87, a price-to-earnings-growth ratio of 1.72 and a beta of 1.10. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.71 and a current ratio of 0.68. Northern Trust Co. has a fifty-two week low of $79.68 and a fifty-two week high of $114.67. The firm’s fifty day moving average price is $99.45 and its 200-day moving average price is $102.89.

Northern Trust (NASDAQ:NTRS) last announced its quarterly earnings data 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 return on equity of 13.74% and a net margin of 12.77%. On average, equities research analysts expect that Northern Trust Co. will post 8.27 earnings per share for the current fiscal year.

Northern Trust Announces Dividend

The firm also recently declared 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 3.46%. The ex-dividend date was Friday, March 14th. Northern Trust’s dividend payout ratio is presently 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.