Northern Trust Co. (NASDAQ:NTRS) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. cut its position in shares of Northern Trust Co. (NASDAQ:NTRS) by 14.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 13,262 shares of the asset manager’s stock after selling 2,256 shares during the quarter. Vontobel Holding Ltd.’s holdings in Northern Trust were worth $1,119,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Deutsche Bank AG increased its position in Northern Trust by 8.1% during the third quarter. Deutsche Bank AG now owns 597,143 shares of the asset manager’s stock worth $41,489,000 after buying an additional 44,516 shares in the last quarter. Financiere des Professionnels Fonds d investissement inc. increased its position in Northern Trust by 51.3% during the fourth quarter. Financiere des Professionnels Fonds d investissement inc. now owns 70,384 shares of the asset manager’s stock worth $5,939,000 after buying an additional 23,859 shares in the last quarter. HB Wealth Management LLC purchased a new position in Northern Trust during the fourth quarter worth $227,000. Nordea Investment Management AB increased its position in Northern Trust by 2.4% during the third quarter. Nordea Investment Management AB now owns 12,962 shares of the asset manager’s stock worth $907,000 after buying an additional 305 shares in the last quarter. Finally, Pathstone Family Office LLC purchased a new position in Northern Trust during the third quarter worth $715,000. 83.19% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Steven L. Fradkin sold 30,392 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $80.11, for a total transaction of $2,434,703.12. Following the completion of the transaction, the insider now owns 55,707 shares in the company, valued at approximately $4,462,687.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Royal Bank of Canada lifted their price objective on Northern Trust from $82.00 to $86.00 and gave the company an “outperform” rating in a research report on Friday, January 19th. Jefferies Financial Group increased their price target on Northern Trust from $101.00 to $103.00 and gave the stock a “buy” rating in a research note on Thursday. Bank of America upped their price objective on Northern Trust from $93.00 to $101.00 and gave the company a “buy” rating in a report on Wednesday. Evercore ISI upped their price objective on Northern Trust from $86.00 to $87.00 and gave the company an “in-line” rating in a report on Thursday, April 4th. Finally, Wolfe Research lowered Northern Trust from a “peer perform” rating to an “underperform” rating and set a $85.00 price objective for the company. in a report on Wednesday, January 3rd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Northern Trust presently has a consensus rating of “Hold” and a consensus target price of $84.92.

Northern Trust Trading Up 0.0 %

Shares of NASDAQ NTRS opened at $81.45 on Friday. The business has a fifty day simple moving average of $83.26 and a 200-day simple moving average of $79.02. The company has a market cap of $16.62 billion, a price-to-earnings ratio of 17.98, a P/E/G ratio of 1.17 and a beta of 1.13. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.61. Northern Trust Co. has a 12 month low of $62.44 and a 12 month high of $89.25.

Northern Trust (NASDAQ:NTRS) last issued its quarterly earnings data on Thursday, January 18th. The asset manager reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.81). Northern Trust had a net margin of 7.59% and a return on equity of 12.57%. The company had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same period in the prior year, the company posted $1.65 EPS. The business’s revenue was up 1.9% on a year-over-year basis. Sell-side analysts predict that Northern Trust Co. will post 6.82 EPS for the current year.

Northern Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 7th will be paid a dividend of $0.75 per share. The ex-dividend date is Friday, June 7th. This represents a $3.00 annualized dividend and a yield of 3.68%. Northern Trust’s payout ratio is 66.23%.

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.