Northern Trust Co. (NASDAQ:NTRS) Shares Acquired by Jones Financial Companies Lllp

Jones Financial Companies Lllp boosted its holdings in Northern Trust Co. (NASDAQ:NTRS) by 36.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,569 shares of the asset manager’s stock after acquiring an additional 954 shares during the period. Jones Financial Companies Lllp’s holdings in Northern Trust were worth $366,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. FMR LLC grew its position in shares of 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 purchasing an additional 1,542,685 shares during the last quarter. Primecap Management Co. CA lifted its stake in Northern Trust by 0.5% in the 3rd quarter. Primecap Management Co. CA now owns 7,085,117 shares of the asset manager’s stock valued at $637,873,000 after buying an additional 38,360 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Northern Trust by 9.9% during the 3rd 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 last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Northern Trust by 1.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,577,091 shares of the asset manager’s stock worth $141,986,000 after buying an additional 16,500 shares in the last quarter. Finally, KBC Group NV raised its holdings in shares of Northern Trust by 201.6% in the fourth quarter. KBC Group NV now owns 963,811 shares of the asset manager’s stock worth $98,791,000 after acquiring an additional 644,261 shares during the last quarter. 83.19% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Jane Karpinski sold 2,262 shares of the 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 completion of the sale, the executive vice president now owns 17,236 shares in the company, valued at approximately $1,918,883.88. This trade represents a 11.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Thomas A. South sold 3,804 shares of the business’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 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. In the last 90 days, insiders have sold 35,335 shares of company stock valued at $3,970,211. Company insiders own 0.64% of the company’s stock.

Northern Trust Trading Down 3.8 %

Shares of NTRS opened at $97.49 on Wednesday. Northern Trust Co. has a twelve month low of $79.30 and a twelve month high of $114.67. The firm has a market capitalization of $19.08 billion, a P/E ratio of 9.97, 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. The stock’s fifty day simple moving average is $108.08 and its 200 day simple moving average is $102.07.

Northern Trust (NASDAQ:NTRS) last released its quarterly earnings data on Thursday, January 23rd. The asset manager reported $2.26 earnings per share for the quarter, beating the consensus estimate 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 forecast that Northern Trust Co. will post 8.27 earnings per share for the current year.

Northern Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders 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 annualized dividend and a yield of 3.08%. Northern Trust’s dividend payout ratio is currently 30.67%.

Wall Street Analyst Weigh In

A number of analysts recently commented on NTRS shares. Wells Fargo & Company increased their price objective on Northern Trust from $108.00 to $110.00 and gave the company an “equal weight” rating in a research note on Friday, November 15th. Truist Financial raised their price target on shares of Northern Trust from $110.00 to $116.00 and gave the stock a “hold” rating in a research note on Friday, January 24th. UBS Group lifted their price target on shares of Northern Trust from $110.00 to $114.00 and gave the stock a “neutral” rating in a report on Monday, January 27th. Keefe, Bruyette & Woods upped their price objective on shares of Northern Trust from $113.00 to $122.00 and gave the company a “market perform” rating in a research note on Friday, January 24th. Finally, Morgan Stanley lowered their target price on shares of Northern Trust from $138.00 to $136.00 and set an “equal weight” rating for the company in a research note on Thursday, March 6th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Northern Trust has a consensus rating of “Hold” and a consensus price target of $113.50.

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.