Amundi Sells 25,443 Shares of Northern Trust Co. (NASDAQ:NTRS)

Amundi lessened its stake in shares of Northern Trust Co. (NASDAQ:NTRS) by 1.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,602,263 shares of the asset manager’s stock after selling 25,443 shares during the period. Amundi’s holdings in Northern Trust were worth $163,783,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Y.D. More Investments Ltd raised its stake in Northern Trust by 118.4% in the fourth quarter. Y.D. More Investments Ltd now owns 249 shares of the asset manager’s stock valued at $26,000 after purchasing an additional 135 shares in the last quarter. Empirical Asset Management LLC acquired a new position in shares of Northern Trust in the 4th quarter valued at approximately $33,000. Brooklyn Investment Group lifted its holdings in shares of Northern Trust by 51.2% during the 4th quarter. Brooklyn Investment Group now owns 378 shares of the asset manager’s stock worth $39,000 after acquiring an additional 128 shares during the period. Assetmark Inc. boosted its position in shares of Northern Trust by 528.3% during the 4th quarter. Assetmark Inc. now owns 377 shares of the asset manager’s stock worth $39,000 after acquiring an additional 317 shares in the last quarter. Finally, Capital Performance Advisors LLP bought a new position in Northern Trust in the third quarter valued at approximately $48,000. 83.19% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Northern Trust news, insider Jason J. Tyler sold 2,237 shares of the firm’s stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $112.67, for a total transaction 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. This trade represents a 3.69 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Thomas A. South sold 3,804 shares of the company’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $113.00, for a total transaction of $429,852.00. Following the completion of the sale, the executive vice president now directly owns 81,794 shares in the company, valued at approximately $9,242,722. This represents a 4.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 35,335 shares of company stock valued at $3,970,211 over the last ninety days. 0.64% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms have weighed in on NTRS. Morgan Stanley cut their target price on Northern Trust from $138.00 to $136.00 and set an “equal weight” rating for the company in a research note on Thursday. Royal Bank of Canada upped their price objective on Northern Trust from $107.00 to $115.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. Barclays lifted their target price 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. Wells Fargo & Company increased their target price on shares of Northern Trust from $108.00 to $110.00 and gave the stock an “equal weight” rating in a report on Friday, November 15th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Northern Trust from $113.00 to $122.00 and gave the company a “market perform” rating in a report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Northern Trust has an average rating of “Hold” and an average price target of $113.50.

Northern Trust Trading Up 0.5 %

Shares of NASDAQ NTRS opened at $104.32 on Monday. The firm has a 50 day moving average price of $108.20 and a two-hundred day moving average price of $101.91. The stock has a market cap of $20.42 billion, a P/E ratio of 10.67, a price-to-earnings-growth ratio of 1.72 and a beta of 1.07. Northern Trust Co. has a 52-week low of $79.30 and a 52-week high of $114.67. 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 (NASDAQ:NTRS) last posted 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%. As a group, equities analysts forecast that Northern Trust Co. will post 8.27 EPS for the current year.

Northern Trust Announces Dividend

The business also recently disclosed 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 of this dividend is Friday, March 14th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.88%. Northern Trust’s dividend payout ratio (DPR) is 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.