Asset Management One Co. Ltd. Has $8.14 Million Stock Holdings in Northern Trust Co. (NASDAQ:NTRS)

Asset Management One Co. Ltd. decreased its holdings in Northern Trust Co. (NASDAQ:NTRS) by 12.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 78,404 shares of the asset manager’s stock after selling 11,066 shares during the period. Asset Management One Co. Ltd.’s holdings in Northern Trust were worth $8,141,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quent Capital LLC increased its stake in Northern Trust by 158.7% during the 4th quarter. Quent Capital LLC now owns 934 shares of the asset manager’s stock worth $96,000 after acquiring an additional 573 shares during the period. Oceanside Advisors LLC boosted its stake in Northern Trust by 8.6% during the 4th quarter. Oceanside Advisors LLC now owns 3,803 shares of the asset manager’s stock valued at $390,000 after purchasing an additional 300 shares during the last quarter. Cigna Investments Inc. New purchased a new position in shares of Northern Trust in the 4th quarter worth approximately $207,000. Stiles Financial Services Inc lifted its stake in Northern Trust by 3.5% in the fourth quarter. Stiles Financial Services Inc now owns 13,549 shares of the asset manager’s stock valued at $1,389,000 after purchasing an additional 453 shares during the last quarter. Finally, Entropy Technologies LP raised its holdings in Northern Trust by 106.2% during the 4th quarter. Entropy Technologies LP now owns 17,094 shares of the asset manager’s stock valued at $1,752,000 after acquiring an additional 8,803 shares during the period. Institutional investors own 83.19% of the company’s stock.

Insider Activity

In other news, Vice Chairman Steven L. Fradkin sold 9,100 shares of Northern Trust stock in a transaction on Friday, November 29th. The shares were sold at an average price of $111.00, for a total value of $1,010,100.00. Following the transaction, the insider now directly owns 47,797 shares of the company’s stock, valued at $5,305,467. The trade was a 15.99 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jason J. Tyler sold 2,237 shares of Northern Trust stock in a transaction 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 ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 40,631 shares of company stock valued at $4,550,459. 0.64% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

NTRS has been the subject of several research reports. Truist Financial upped their target price on shares of Northern Trust from $110.00 to $116.00 and gave the stock a “hold” rating in a research report on Friday, January 24th. StockNews.com upgraded shares of Northern Trust from a “hold” rating to a “buy” rating in a research note on Friday, January 24th. Barclays lifted their price target on shares of Northern Trust from $115.00 to $118.00 and gave the company an “equal weight” rating in a report on Monday, January 6th. Bank of America lifted their price target on shares of Northern Trust from $103.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Finally, The Goldman Sachs Group increased their price objective on shares of Northern Trust from $92.00 to $102.00 and gave the company a “sell” rating in a research note on Friday, January 24th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Northern Trust has a consensus rating of “Hold” and a consensus target price of $112.58.

Northern Trust Price Performance

NASDAQ:NTRS opened at $110.77 on Tuesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.71. The company has a 50 day moving average price of $106.60 and a 200-day moving average price of $99.29. The firm has a market cap of $21.96 billion, a price-to-earnings ratio of 11.33, a price-to-earnings-growth ratio of 1.74 and a beta of 1.08. Northern Trust Co. has a 1-year low of $78.75 and a 1-year high of $114.67.

Northern Trust (NASDAQ:NTRS) last issued its 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 net margin of 12.77% and a return on equity of 13.74%. Equities research analysts forecast that Northern Trust Co. will post 8.2 EPS for the current year.

Northern Trust Dividend Announcement

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

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.