Farther Finance Advisors LLC Sells 292 Shares of Northern Trust Co. (NASDAQ:NTRS)

Farther Finance Advisors LLC decreased its position in Northern Trust Co. (NASDAQ:NTRS) by 8.9% during the 4th quarter, Holdings Channel reports. The firm owned 2,983 shares of the asset manager’s stock after selling 292 shares during the period. Farther Finance Advisors LLC’s holdings in Northern Trust were worth $306,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. FMR LLC boosted its holdings in Northern Trust by 9.3% in the third quarter. FMR LLC now owns 18,187,663 shares of the asset manager’s stock valued at $1,637,435,000 after acquiring an additional 1,542,685 shares in the last quarter. KBC Group NV lifted its position in Northern Trust by 201.6% during the fourth quarter. KBC Group NV now owns 963,811 shares of the asset manager’s stock valued at $98,791,000 after buying an additional 644,261 shares during the period. JPMorgan Chase & Co. lifted its position in Northern Trust by 9.9% during the third quarter. JPMorgan Chase & Co. now owns 4,296,442 shares of the asset manager’s stock valued at $386,809,000 after buying an additional 388,692 shares during the period. Robeco Institutional Asset Management B.V. lifted its position in Northern Trust by 62.8% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 678,461 shares of the asset manager’s stock valued at $69,542,000 after buying an additional 261,797 shares during the period. Finally, NFJ Investment Group LLC purchased a new position in Northern Trust during the third quarter valued at $7,682,000. Institutional investors own 83.19% of the company’s stock.

Insider Activity at Northern Trust

In other Northern Trust news, COO Peter Cherecwich sold 26,132 shares of the company’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 value of $2,936,191.52. Following the completion of the transaction, the chief operating officer now directly owns 26,586 shares in the company, valued at $2,987,202.96. This represents a 49.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Thomas A. South sold 3,804 shares of the company’s 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 owns 81,794 shares of the company’s stock, valued at $9,242,722. The trade was a 4.44 % 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 worth $3,970,211. 0.64% of the stock is owned by company insiders.

Northern Trust Trading Down 0.4 %

Shares of NASDAQ:NTRS opened at $98.28 on Wednesday. The stock has a 50 day moving average of $107.56 and a 200 day moving average of $102.37. The company has a market cap of $19.23 billion, a PE ratio of 10.05, a price-to-earnings-growth ratio of 1.72 and a beta of 1.07. 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 $79.32 and a 12-month high of $114.67.

Northern Trust (NASDAQ:NTRS) last announced its quarterly earnings data on Thursday, January 23rd. The asset manager reported $2.26 earnings per share (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%. As a group, equities research analysts expect that Northern Trust Co. will post 8.27 EPS for the current year.

Northern Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be paid 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 3.05%. Northern Trust’s dividend payout ratio (DPR) is presently 30.67%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on NTRS. Keefe, Bruyette & Woods lifted their price target on Northern Trust from $113.00 to $122.00 and gave the stock a “market perform” rating in a research report on Friday, January 24th. Morgan Stanley lowered their price target on Northern Trust from $138.00 to $136.00 and set an “equal weight” rating for the company in a research report on Thursday, March 6th. The Goldman Sachs Group lifted their price target on Northern Trust from $92.00 to $102.00 and gave the stock a “sell” rating in a research report on Friday, January 24th. Truist Financial lifted their price target on Northern Trust from $110.00 to $116.00 and gave the stock a “hold” rating in a research report on Friday, January 24th. Finally, Barclays boosted their target price on Northern Trust from $115.00 to $118.00 and gave the stock an “equal weight” rating in a research report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Northern Trust currently has a consensus rating of “Hold” and an average target price of $113.50.

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.