Commonwealth of Pennsylvania Public School Empls Retrmt SYS Lowers Stake in Northern Trust Co. (NASDAQ:NTRS)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lowered its stake in shares of Northern Trust Co. (NASDAQ:NTRS) by 4.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 42,147 shares of the asset manager’s stock after selling 1,748 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Northern Trust were worth $4,320,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Y.D. More Investments Ltd lifted its holdings in Northern Trust by 118.4% during the 4th quarter. Y.D. More Investments Ltd now owns 249 shares of the asset manager’s stock worth $26,000 after buying an additional 135 shares in the last quarter. Empirical Asset Management LLC acquired a new stake in Northern Trust during the 4th quarter worth approximately $33,000. Brooklyn Investment Group lifted its holdings in Northern Trust by 51.2% during the 4th quarter. Brooklyn Investment Group now owns 378 shares of the asset manager’s stock worth $39,000 after buying an additional 128 shares in the last quarter. Assetmark Inc. lifted its holdings in Northern Trust by 528.3% during the 4th quarter. Assetmark Inc. now owns 377 shares of the asset manager’s stock worth $39,000 after buying an additional 317 shares in the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in Northern Trust during the 4th quarter worth approximately $51,000. 83.19% of the stock is currently owned by institutional investors and hedge funds.

Northern Trust Trading Down 0.1 %

Shares of Northern Trust stock opened at $98.77 on Monday. Northern Trust Co. has a 1 year low of $79.32 and a 1 year high of $114.67. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.71 and a current ratio of 0.68. The company has a market capitalization of $19.33 billion, a P/E ratio of 10.10, a PEG ratio of 1.72 and a beta of 1.07. The company’s fifty day moving average is $107.42 and its two-hundred day moving average is $102.55.

Northern Trust (NASDAQ:NTRS) last issued its quarterly earnings data on Thursday, January 23rd. The asset manager reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $0.30. Northern Trust had a net margin of 12.77% and a return on equity of 13.74%. Analysts forecast that Northern Trust Co. will post 8.27 earnings per share for the current year.

Northern Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 3.04%. The ex-dividend date of this dividend is Friday, March 14th. Northern Trust’s payout ratio is currently 30.67%.

Insider Activity

In other news, insider John Landers sold 900 shares of Northern Trust stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $111.44, for a total value of $100,296.00. Following the sale, the insider now owns 7,640 shares of the company’s stock, valued at $851,401.60. The trade was a 10.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jason J. Tyler sold 2,237 shares of Northern Trust stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $112.67, for a total transaction of $252,042.79. Following the completion of the sale, the insider now directly owns 58,449 shares in the company, valued at approximately $6,585,448.83. The trade was a 3.69 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 35,335 shares of company stock valued at $3,970,211 over the last quarter. Corporate insiders own 0.64% of the company’s stock.

Analyst Ratings Changes

NTRS has been the topic of a number of analyst reports. The Goldman Sachs Group raised their price objective on shares of Northern Trust from $92.00 to $102.00 and gave the company a “sell” rating in a report on Friday, January 24th. Keefe, Bruyette & Woods raised their price objective on shares of Northern Trust from $113.00 to $122.00 and gave the company a “market perform” rating in a report on Friday, January 24th. Barclays raised their price objective on shares of Northern Trust from $115.00 to $118.00 and gave the company an “equal weight” rating in a report on Monday, January 6th. Morgan Stanley reduced their price objective on shares of Northern Trust from $138.00 to $136.00 and set an “equal weight” rating on the stock in a report on Thursday, March 6th. Finally, Truist Financial raised their price objective on shares of Northern Trust from $110.00 to $116.00 and gave the company a “hold” rating in a report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Northern Trust has a consensus rating of “Hold” and a consensus price target of $113.50.

About Northern Trust

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.