Aware Super Pty Ltd as trustee of Aware Super Buys Shares of 39,439 Northern Trust Co. (NASDAQ:NTRS)

Aware Super Pty Ltd as trustee of Aware Super acquired a new position in Northern Trust Co. (NASDAQ:NTRS) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 39,439 shares of the asset manager’s stock, valued at approximately $4,042,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Massachusetts Financial Services Co. MA lifted its position in shares of Northern Trust by 1.2% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,486,616 shares of the asset manager’s stock valued at $767,378,000 after buying an additional 92,162 shares during the last quarter. Geode Capital Management LLC lifted its position in Northern Trust by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 4,904,871 shares of the asset manager’s stock valued at $501,444,000 after purchasing an additional 30,908 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Northern Trust by 9.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,296,442 shares of the asset manager’s stock worth $386,809,000 after acquiring an additional 388,692 shares in the last quarter. Invesco Ltd. grew its holdings in Northern Trust by 7.5% in the fourth quarter. Invesco Ltd. now owns 2,885,312 shares of the asset manager’s stock valued at $295,744,000 after purchasing an additional 202,327 shares during the period. Finally, Wellington Management Group LLP increased its holdings in Northern Trust by 1.6% in the 4th quarter. Wellington Management Group LLP now owns 2,532,401 shares of the asset manager’s stock worth $259,571,000 after acquiring an additional 39,592 shares in the last quarter. 83.19% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Northern Trust

In other news, insider Jason J. Tyler sold 2,237 shares of the stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $112.67, for a total value of $252,042.79. Following the completion of the sale, the insider now owns 58,449 shares of the company’s stock, valued at approximately $6,585,448.83. This represents a 3.69 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Jane Karpinski sold 2,262 shares of Northern Trust stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $111.33, for a total transaction of $251,828.46. Following the transaction, the executive vice president now directly owns 17,236 shares of the company’s stock, valued at approximately $1,918,883.88. This trade represents a 11.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 35,335 shares of company stock valued at $3,970,211. Corporate insiders own 0.77% of the company’s stock.

Northern Trust Stock Up 1.7 %

Shares of Northern Trust stock opened at $89.81 on Tuesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.71. The firm has a market cap of $17.58 billion, a price-to-earnings ratio of 9.18, a P/E/G ratio of 1.72 and a beta of 1.10. Northern Trust Co. has a 52-week low of $79.32 and a 52-week high of $114.67. The stock has a 50-day simple moving average of $101.83 and a 200-day simple moving average of $102.93.

Northern Trust (NASDAQ:NTRS) last posted 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, equities research analysts expect that Northern Trust Co. will post 8.27 earnings per share for the current fiscal year.

Northern Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th were issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date was Friday, March 14th. Northern Trust’s dividend payout ratio (DPR) is currently 30.67%.

Wall Street Analyst Weigh In

Several research analysts recently commented on NTRS shares. Royal Bank of Canada increased their price objective on Northern Trust from $107.00 to $115.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Barclays raised 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. Citigroup lowered their price objective 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. Truist Financial dropped their price target on shares of Northern Trust from $116.00 to $98.00 and set a “hold” rating for the company in a research note on Friday, April 4th. Finally, Wells Fargo & Company lowered their price target on shares of Northern Trust from $119.00 to $118.00 and set an “equal weight” rating for the company in a report on Friday, March 28th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Northern Trust has a consensus rating of “Hold” and an average price target of $112.31.

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.