Aberdeen Group plc Has $22.29 Million Stock Position in Northern Trust Corporation $NTRS

Aberdeen Group plc lessened its holdings in Northern Trust Corporation (NASDAQ:NTRS) by 16.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 163,191 shares of the asset manager’s stock after selling 32,731 shares during the period. Aberdeen Group plc owned about 0.09% of Northern Trust worth $22,290,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in shares of Northern Trust in the fourth quarter valued at approximately $318,000. Nisa Investment Advisors LLC grew its holdings in Northern Trust by 8.2% during the fourth quarter. Nisa Investment Advisors LLC now owns 16,298 shares of the asset manager’s stock worth $2,238,000 after buying an additional 1,240 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Northern Trust by 3.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 9,720 shares of the asset manager’s stock worth $1,354,000 after buying an additional 317 shares in the last quarter. Mn Services Vermogensbeheer B.V. raised its position in Northern Trust by 1.3% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 74,778 shares of the asset manager’s stock valued at $10,214,000 after buying an additional 980 shares during the last quarter. Finally, Chesley Taft & Associates LLC raised its position in Northern Trust by 12.0% in the 4th quarter. Chesley Taft & Associates LLC now owns 24,040 shares of the asset manager’s stock valued at $3,284,000 after buying an additional 2,584 shares during the last quarter. Institutional investors own 83.19% of the company’s stock.

Insider Activity

In other Northern Trust news, insider Guy Gibson sold 3,009 shares of the firm’s stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $142.39, for a total value of $428,451.51. Following the completion of the sale, the insider directly owned 29,332 shares of the company’s stock, valued at $4,176,583.48. This trade represents a 9.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, COO Peter Cherecwich sold 25,000 shares of the business’s stock in a transaction on Monday, January 26th. The shares were sold at an average price of $149.62, for a total value of $3,740,500.00. Following the completion of the sale, the chief operating officer owned 26,259 shares in the company, valued at approximately $3,928,871.58. The trade was a 48.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 34,905 shares of company stock worth $5,166,714. 0.66% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on NTRS shares. TD Cowen lifted their price objective on shares of Northern Trust from $165.00 to $175.00 and gave the stock a “buy” rating in a report on Monday, January 26th. Citigroup began coverage on shares of Northern Trust in a report on Monday, February 23rd. They issued a “neutral” rating for the company. Wall Street Zen raised shares of Northern Trust from a “sell” rating to a “hold” rating in a research report on Saturday, December 27th. Wells Fargo & Company upped their price objective on shares of Northern Trust from $145.00 to $150.00 and gave the stock an “equal weight” rating in a research report on Friday, January 23rd. Finally, Morgan Stanley increased their price objective on shares of Northern Trust from $131.00 to $140.00 and gave the company an “underweight” rating in a research note on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $151.91.

Northern Trust Stock Performance

Shares of Northern Trust stock opened at $142.25 on Monday. The firm has a market cap of $26.36 billion, a PE ratio of 16.28, a P/E/G ratio of 1.12 and a beta of 1.23. Northern Trust Corporation has a 1 year low of $81.62 and a 1 year high of $157.60. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.69 and a quick ratio of 0.69. The stock has a fifty day moving average price of $143.39 and a 200-day moving average price of $137.29.

Northern Trust (NASDAQ:NTRS) last issued its quarterly earnings results on Friday, January 30th. The asset manager reported $2.42 earnings per share for the quarter, topping analysts’ consensus estimates of $2.37 by $0.05. Northern Trust had a net margin of 12.15% and a return on equity of 14.87%. The company had revenue of $3.15 billion for the quarter. During the same period last year, the firm posted $2.26 earnings per share. Northern Trust’s quarterly revenue was up 8.4% compared to the same quarter last year. Equities research analysts anticipate that Northern Trust Corporation will post 8.27 EPS for the current year.

Northern Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Friday, March 6th were paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Friday, March 6th. Northern Trust’s payout ratio is presently 36.61%.

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.