Norinchukin Bank The Boosts Position in Northern Trust Co. (NASDAQ:NTRS)

Norinchukin Bank The increased its holdings in Northern Trust Co. (NASDAQ:NTRS) by 8.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 9,111 shares of the asset manager’s stock after acquiring an additional 723 shares during the period. Norinchukin Bank The’s holdings in Northern Trust were worth $934,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the stock. Virtu Financial LLC purchased a new position in shares of Northern Trust during the third quarter valued at about $667,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Northern Trust in the 3rd quarter valued at approximately $228,000. Synovus Financial Corp bought a new stake in shares of Northern Trust during the third quarter valued at approximately $229,000. JPMorgan Chase & Co. raised its holdings in Northern Trust by 9.9% in the third quarter. JPMorgan Chase & Co. now owns 4,296,442 shares of the asset manager’s stock worth $386,809,000 after purchasing an additional 388,692 shares in the last quarter. Finally, Versant Capital Management Inc lifted its position in Northern Trust by 34.9% during the fourth quarter. Versant Capital Management Inc now owns 684 shares of the asset manager’s stock valued at $70,000 after buying an additional 177 shares during the period. Institutional investors own 83.19% of the company’s stock.

Northern Trust Stock Performance

Shares of NTRS stock opened at $86.78 on Tuesday. The firm has a market capitalization of $16.98 billion, a PE ratio of 8.87, a P/E/G ratio of 1.72 and a beta of 1.10. The company has a 50 day moving average price of $99.45 and a 200-day moving average price of $102.89. Northern Trust Co. has a 52 week low of $79.68 and a 52 week high of $114.67. The company has a quick ratio of 0.71, a current ratio of 0.68 and a debt-to-equity ratio of 0.58.

Northern Trust (NASDAQ:NTRS) last released its quarterly earnings results on Thursday, January 23rd. The asset manager reported $2.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.96 by $0.30. Northern Trust had a return on equity of 13.74% and a net margin of 12.77%. As a group, equities research analysts expect 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 was paid on Tuesday, April 1st. Investors of record on Friday, March 14th were issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date of this dividend was Friday, March 14th. Northern Trust’s payout ratio is 30.67%.

Insider Buying and Selling at Northern Trust

In other news, EVP Thomas A. South sold 3,804 shares of Northern Trust stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $113.00, for a total transaction of $429,852.00. Following the transaction, the executive vice president now directly owns 81,794 shares of the company’s stock, valued at $9,242,722. The trade was a 4.44 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jason J. Tyler sold 2,237 shares of the firm’s 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 sale, the insider now 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. Over the last ninety days, insiders sold 35,335 shares of company stock valued at $3,970,211. Insiders own 0.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Citigroup lowered their price target on shares of Northern Trust from $110.00 to $105.00 and set a “neutral” rating for the company in a research report on Monday, March 24th. Wells Fargo & Company dropped their price target on Northern Trust from $119.00 to $118.00 and set an “equal weight” rating on the stock in a research report on Friday, March 28th. StockNews.com lowered Northern Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Barclays increased their target price on Northern Trust from $115.00 to $118.00 and gave the stock an “equal weight” rating in a research note on Monday, January 6th. Finally, Truist Financial reduced their price target on Northern Trust from $116.00 to $98.00 and set a “hold” rating for the company in a report on Friday, April 4th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $113.08.

Northern Trust 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.