California Public Employees Retirement System Sells 11,174 Shares of Northern Trust Co. (NASDAQ:NTRS)

California Public Employees Retirement System trimmed its holdings in shares of Northern Trust Co. (NASDAQ:NTRS) by 2.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 379,913 shares of the asset manager’s stock after selling 11,174 shares during the quarter. California Public Employees Retirement System’s holdings in Northern Trust were worth $32,057,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of NTRS. RWA Wealth Partners LLC bought a new position in shares of Northern Trust during the 4th quarter worth approximately $1,583,000. Duality Advisers LP grew its stake in shares of Northern Trust by 31.7% during the 4th quarter. Duality Advisers LP now owns 11,185 shares of the asset manager’s stock worth $944,000 after acquiring an additional 2,695 shares in the last quarter. CWM LLC grew its stake in shares of Northern Trust by 23.9% during the 4th quarter. CWM LLC now owns 9,062 shares of the asset manager’s stock worth $765,000 after acquiring an additional 1,746 shares in the last quarter. Signaturefd LLC grew its stake in shares of Northern Trust by 165.6% during the 4th quarter. Signaturefd LLC now owns 3,615 shares of the asset manager’s stock worth $305,000 after acquiring an additional 2,254 shares in the last quarter. Finally, Lindbrook Capital LLC grew its stake in shares of Northern Trust by 70.3% during the 4th quarter. Lindbrook Capital LLC now owns 860 shares of the asset manager’s stock worth $73,000 after acquiring an additional 355 shares in the last quarter. 83.19% of the stock is owned by institutional investors.

Insider Transactions at Northern Trust

In other news, insider Steven L. Fradkin sold 30,392 shares of Northern Trust stock in a transaction 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 sale, the insider now owns 55,707 shares of the company’s stock, valued at $4,462,687.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.64% of the company’s stock.

Northern Trust Trading Down 0.1 %

Shares of Northern Trust stock opened at $83.38 on Friday. The business has a fifty day simple moving average of $83.67 and a two-hundred day simple moving average of $79.60. Northern Trust Co. has a 1 year low of $62.44 and a 1 year high of $89.25. The company has a market capitalization of $17.06 billion, a price-to-earnings ratio of 18.41, a P/E/G ratio of 1.20 and a beta of 1.13. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.71 and a quick ratio of 0.71.

Northern Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 7th will be issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.60%. The ex-dividend date is Friday, June 7th. Northern Trust’s dividend payout ratio is currently 66.23%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on NTRS. Royal Bank of Canada raised their price target on shares of Northern Trust from $82.00 to $86.00 and gave the stock an “outperform” rating in a research note on Friday, January 19th. Bank of America raised their price target on shares of Northern Trust from $93.00 to $101.00 and gave the stock a “buy” rating in a research note on Wednesday, April 17th. TheStreet raised shares of Northern Trust from a “c+” rating to a “b-” rating in a research note on Friday, January 12th. Wolfe Research cut shares of Northern Trust from a “peer perform” rating to an “underperform” rating and set a $85.00 target price for the company. in a research note on Wednesday, January 3rd. Finally, Morgan Stanley reissued an “underweight” rating and issued a $86.00 target price (up from $82.00) on shares of Northern Trust in a research note on Tuesday, January 30th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $84.92.

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.