Mirae Asset Global Investments Co. Ltd. Has $2.29 Million Holdings in Northern Trust Co. (NASDAQ:NTRS)

Mirae Asset Global Investments Co. Ltd. grew its position in shares of Northern Trust Co. (NASDAQ:NTRS) by 24.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,061 shares of the asset manager’s stock after acquiring an additional 4,374 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Northern Trust were worth $2,286,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of NTRS. Brookstone Capital Management increased its stake in Northern Trust by 6.0% during the 3rd quarter. Brookstone Capital Management now owns 7,316 shares of the asset manager’s stock valued at $659,000 after purchasing an additional 417 shares in the last quarter. CWM LLC lifted its stake in shares of Northern Trust by 26.1% in the third quarter. CWM LLC now owns 12,183 shares of the asset manager’s stock valued at $1,097,000 after buying an additional 2,520 shares in the last quarter. UMB Bank n.a. grew its holdings in shares of Northern Trust by 5.4% during the third quarter. UMB Bank n.a. now owns 4,328 shares of the asset manager’s stock valued at $390,000 after buying an additional 221 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt increased its position in shares of Northern Trust by 303.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 798 shares of the asset manager’s stock worth $72,000 after acquiring an additional 600 shares in the last quarter. Finally, Ritholtz Wealth Management acquired a new stake in shares of Northern Trust in the 3rd quarter worth about $488,000. 83.19% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have commented on NTRS. Evercore ISI boosted their price objective on Northern Trust from $86.00 to $103.00 and gave the stock an “in-line” rating in a report on Thursday, October 24th. The Goldman Sachs Group upped their price target on Northern Trust from $92.00 to $102.00 and gave the stock a “sell” rating in a report on Friday, January 24th. Wells Fargo & Company raised 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. Deutsche Bank Aktiengesellschaft upped their target price on shares of Northern Trust from $100.00 to $108.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Northern Trust from $113.00 to $122.00 and gave the company a “market perform” rating in a research report on Friday, January 24th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $112.58.

Insider Activity at Northern Trust

In other news, insider Jason J. Tyler sold 2,237 shares of the firm’s stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $112.67, for a total value of $252,042.79. Following the completion of the transaction, the insider now directly owns 58,449 shares in the company, valued at approximately $6,585,448.83. This trade represents a 3.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman Steven L. Fradkin sold 9,100 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $111.00, for a total transaction of $1,010,100.00. Following the sale, the insider now directly owns 47,797 shares in the company, valued at $5,305,467. This trade represents a 15.99 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 40,631 shares of company stock worth $4,550,459. Corporate insiders own 0.64% of the company’s stock.

Northern Trust Price Performance

Northern Trust stock opened at $113.51 on Monday. 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 business’s 50 day simple moving average is $106.44 and its 200 day simple moving average is $98.43. Northern Trust Co. has a 12 month low of $76.67 and a 12 month high of $114.67. The company has a market cap of $22.50 billion, a price-to-earnings ratio of 11.61, a PEG ratio of 1.74 and a beta of 1.08.

Northern Trust (NASDAQ:NTRS) last posted its quarterly earnings results on Thursday, January 23rd. The asset manager reported $2.26 earnings per share for the quarter, topping 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%. Sell-side analysts forecast that Northern Trust Co. will post 8.2 EPS for the current year.

Northern Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 2.64%. The ex-dividend date of this dividend is Friday, March 14th. Northern Trust’s dividend payout ratio (DPR) is presently 30.67%.

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.