Fjarde AP Fonden Fourth Swedish National Pension Fund Has $4.29 Million Position in Northern Trust Co. (NASDAQ:NTRS)

Fjarde AP Fonden Fourth Swedish National Pension Fund lessened its position in Northern Trust Co. (NASDAQ:NTRS) by 48.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 41,845 shares of the asset manager’s stock after selling 39,800 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Northern Trust were worth $4,289,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in NTRS. Ballentine Partners LLC raised its stake in shares of Northern Trust by 4.4% in the fourth quarter. Ballentine Partners LLC now owns 2,483 shares of the asset manager’s stock valued at $255,000 after acquiring an additional 105 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in Northern Trust by 24.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 22,061 shares of the asset manager’s stock valued at $2,286,000 after purchasing an additional 4,374 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Northern Trust by 9.9% in the third quarter. JPMorgan Chase & Co. now owns 4,296,442 shares of the asset manager’s stock worth $386,809,000 after purchasing an additional 388,692 shares in the last quarter. Kovitz Investment Group Partners LLC grew its holdings in shares of Northern Trust by 68.1% during the third quarter. Kovitz Investment Group Partners LLC now owns 13,765 shares of the asset manager’s stock worth $1,239,000 after purchasing an additional 5,578 shares during the last quarter. Finally, Caprock Group LLC acquired a new stake in shares of Northern Trust in the fourth quarter valued at $1,059,000. Institutional investors own 83.19% of the company’s stock.

Insider Activity

In other Northern Trust news, Vice Chairman Steven L. Fradkin sold 9,100 shares of the business’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $111.00, for a total value of $1,010,100.00. Following the completion of the transaction, the insider now directly owns 47,797 shares of the company’s stock, valued at approximately $5,305,467. The trade was a 15.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jane Karpinski sold 2,262 shares of the firm’s stock in a transaction dated Monday, February 3rd. The stock was 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 approximately $1,918,883.88. This represents a 11.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 44,435 shares of company stock valued at $4,980,311 in the last quarter. Company insiders own 0.64% of the company’s stock.

Northern Trust Trading Down 1.8 %

NASDAQ NTRS opened at $110.76 on Wednesday. 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 Co. has a 12 month low of $79.30 and a 12 month high of $114.67. The company has a market capitalization of $21.95 billion, a PE ratio of 11.33, a P/E/G ratio of 1.72 and a beta of 1.08. The stock has a 50-day simple moving average of $107.51 and a 200 day simple moving average of $100.70.

Northern Trust (NASDAQ:NTRS) last announced its quarterly earnings results on Thursday, January 23rd. The asset manager reported $2.26 EPS 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%. Research analysts forecast that Northern Trust Co. will post 8.27 EPS for the current year.

Northern Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be given a dividend of $0.75 per share. The ex-dividend date is Friday, March 14th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.71%. Northern Trust’s dividend payout ratio is 30.67%.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Barclays upped their price target on shares of Northern Trust from $115.00 to $118.00 and gave the stock an “equal weight” rating in a research report on Monday, January 6th. The Goldman Sachs Group upped their target price on shares of Northern Trust from $92.00 to $102.00 and gave the stock a “sell” rating in a research report on Friday, January 24th. Wells Fargo & Company raised their price target on shares of Northern Trust from $108.00 to $110.00 and gave the company an “equal weight” rating in a report on Friday, November 15th. Deutsche Bank Aktiengesellschaft upped their price objective on Northern Trust from $100.00 to $108.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Finally, Truist Financial lifted their target price on Northern Trust from $110.00 to $116.00 and gave the company a “hold” rating in a research note on Friday, January 24th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Northern Trust presently has a consensus rating of “Hold” and an average target price of $112.58.

Northern Trust 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.