Northern Trust Corporation $NTRS Shares Sold by Fiducient Advisors LLC

Fiducient Advisors LLC lessened its position in Northern Trust Corporation (NASDAQ:NTRS) by 90.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,500 shares of the asset manager’s stock after selling 23,453 shares during the period. Fiducient Advisors LLC’s holdings in Northern Trust were worth $338,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Cullen Frost Bankers Inc. increased its holdings in shares of Northern Trust by 84.8% in the second quarter. Cullen Frost Bankers Inc. now owns 1,567 shares of the asset manager’s stock valued at $199,000 after buying an additional 719 shares in the last quarter. First Pacific Financial bought a new stake in shares of Northern Trust during the 2nd quarter worth $3,118,000. Aviva PLC grew its holdings in shares of Northern Trust by 8.4% in the 2nd quarter. Aviva PLC now owns 149,911 shares of the asset manager’s stock worth $19,007,000 after acquiring an additional 11,587 shares during the last quarter. SG Americas Securities LLC raised its position in shares of Northern Trust by 228.0% during the third quarter. SG Americas Securities LLC now owns 75,829 shares of the asset manager’s stock worth $10,207,000 after purchasing an additional 52,711 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Northern Trust by 5.3% during the second quarter. Bank of New York Mellon Corp now owns 1,907,408 shares of the asset manager’s stock valued at $241,840,000 after purchasing an additional 96,592 shares during the last quarter. 83.19% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Northern Trust

In other news, EVP Susan Cohen Levy sold 27,591 shares of Northern Trust stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $128.13, for a total value of $3,535,234.83. Following the transaction, the executive vice president owned 48,257 shares of the company’s stock, valued at $6,183,169.41. This trade represents a 36.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robert Edward Jr. Moritz acquired 3,891 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The shares were purchased at an average cost of $128.57 per share, with a total value of $500,265.87. Following the completion of the acquisition, the director owned 6,686 shares in the company, valued at $859,619.02. This trade represents a 139.21% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 0.77% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Morgan Stanley lifted their price target on Northern Trust from $127.00 to $131.00 and gave the stock an “underweight” rating in a research note on Wednesday, December 17th. Wall Street Zen raised shares of Northern Trust from a “sell” rating to a “hold” rating in a research report on Saturday, December 27th. Truist Financial set a $148.00 price target on shares of Northern Trust in a report on Wednesday, January 7th. BMO Capital Markets started coverage on shares of Northern Trust in a research note on Friday, October 3rd. They issued a “market perform” rating and a $142.00 price objective for the company. Finally, Barclays boosted their target price on shares of Northern Trust from $136.00 to $160.00 and gave the company an “equal weight” rating in a research note on Monday, January 5th. Four research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $136.00.

Northern Trust Stock Up 0.8%

Northern Trust stock opened at $144.42 on Thursday. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.58. Northern Trust Corporation has a 1-year low of $81.62 and a 1-year high of $148.98. The firm’s fifty day simple moving average is $136.96 and its 200-day simple moving average is $131.54. The company has a market capitalization of $27.31 billion, a P/E ratio of 16.83, a P/E/G ratio of 1.19 and a beta of 1.27.

Northern Trust (NASDAQ:NTRS) last posted its earnings results on Wednesday, October 22nd. The asset manager reported $2.29 EPS for the quarter, topping the consensus estimate of $2.26 by $0.03. Northern Trust had a net margin of 11.99% and a return on equity of 14.37%. The firm had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $2.02 billion. During the same period in the prior year, the business posted $2.22 earnings per share. The business’s quarterly revenue was up 2.8% on a year-over-year basis. Sell-side analysts forecast that Northern Trust Corporation will post 8.27 earnings per share for the current fiscal year.

Northern Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 6th will be given a dividend of $0.80 per share. The ex-dividend date of this dividend is Friday, March 6th. This represents a $3.20 dividend on an annualized basis and a yield of 2.2%. Northern Trust’s dividend payout ratio is presently 37.30%.

Northern Trust Profile

Northern Trust Corporation (NASDAQ: NTRS) is a global financial services firm headquartered in Chicago that provides asset servicing, asset management and wealth management solutions to institutions, corporations and high-net-worth individuals. The company’s core businesses include custody and fund administration, investment operations outsourcing, trust and fiduciary services, private banking, and retirement and defined contribution plan services.

Northern Trust’s product and service offerings span custody and fund accounting, portfolio and performance analytics, securities lending, cash management and foreign exchange, as well as discretionary and non-discretionary investment management.