Meiji Yasuda Asset Management Co Ltd. Sells 1,180 Shares of Northern Trust Co. (NASDAQ:NTRS)

Meiji Yasuda Asset Management Co Ltd. decreased its position in shares of Northern Trust Co. (NASDAQ:NTRS) by 15.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,484 shares of the asset manager’s stock after selling 1,180 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in Northern Trust were worth $665,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. raised its position in Northern Trust by 9.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,296,442 shares of the asset manager’s stock valued at $386,809,000 after buying an additional 388,692 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Northern Trust by 1.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,577,091 shares of the asset manager’s stock worth $141,986,000 after acquiring an additional 16,500 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Northern Trust by 0.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,267,406 shares of the asset manager’s stock worth $129,909,000 after purchasing an additional 8,102 shares during the period. KBC Group NV lifted its position in shares of Northern Trust by 201.6% during the 4th quarter. KBC Group NV now owns 963,811 shares of the asset manager’s stock valued at $98,791,000 after buying an additional 644,261 shares during the last quarter. Finally, Boston Trust Walden Corp lifted its holdings in Northern Trust by 1.6% during the fourth quarter. Boston Trust Walden Corp now owns 928,854 shares of the asset manager’s stock valued at $95,208,000 after purchasing an additional 14,362 shares during the last quarter. Institutional investors and hedge funds own 83.19% of the company’s stock.

Insider Transactions at Northern Trust

In other news, EVP Jane Karpinski sold 2,262 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $111.33, for a total transaction of $251,828.46. Following the sale, the executive vice president now owns 17,236 shares of the company’s stock, valued at $1,918,883.88. This trade represents a 11.60 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jason J. Tyler sold 2,237 shares of Northern Trust stock in a transaction that occurred on Thursday, January 30th. The stock was 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 of the company’s stock, valued at approximately $6,585,448.83. This trade represents a 3.69 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 35,335 shares of company stock worth $3,970,211. Corporate insiders own 0.64% of the company’s stock.

Northern Trust Price Performance

Shares of NASDAQ NTRS opened at $100.55 on Friday. Northern Trust Co. has a 1 year low of $79.32 and a 1 year high of $114.67. The stock has a market capitalization of $19.68 billion, a P/E ratio of 10.28, a P/E/G ratio of 1.72 and a beta of 1.07. The company’s 50-day moving average is $107.23 and its 200 day moving average is $102.71. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.71.

Northern Trust (NASDAQ:NTRS) last issued its quarterly earnings results 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%. On average, sell-side analysts expect that Northern Trust Co. will post 8.27 earnings per share for the current year.

Northern Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date is Friday, March 14th. Northern Trust’s payout ratio is 30.67%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on NTRS shares. Truist Financial increased their price target on shares of Northern Trust from $110.00 to $116.00 and gave the stock a “hold” 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 research report on Monday, January 6th. The Goldman Sachs Group increased their target price on Northern Trust from $92.00 to $102.00 and gave the company a “sell” rating in a research note on Friday, January 24th. UBS Group lifted their price target on shares of Northern Trust from $110.00 to $114.00 and gave the stock a “neutral” rating in a research note on Monday, January 27th. Finally, Keefe, Bruyette & Woods upped 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 research analyst has rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $112.85.

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.