Northern Trust Co. (NASDAQ:NTRS) Shares Acquired by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co boosted its stake in Northern Trust Co. (NASDAQ:NTRS) by 23.3% in the 4th quarter, Holdings Channel reports. The firm owned 22,413 shares of the asset manager’s stock after buying an additional 4,240 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Northern Trust were worth $2,297,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in NTRS. KBC Group NV grew its stake in shares of Northern Trust by 201.6% in the fourth 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 in the last quarter. JPMorgan Chase & Co. boosted its holdings 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 worth $386,809,000 after acquiring an additional 388,692 shares during the period. Robeco Institutional Asset Management B.V. raised its stake in shares of Northern Trust by 62.8% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 678,461 shares of the asset manager’s stock valued at $69,542,000 after purchasing an additional 261,797 shares during the period. Teacher Retirement System of Texas lifted its position in shares of Northern Trust by 49.2% during the fourth quarter. Teacher Retirement System of Texas now owns 359,304 shares of the asset manager’s stock worth $36,829,000 after purchasing an additional 118,544 shares in the last quarter. Finally, NFJ Investment Group LLC acquired a new position in shares of Northern Trust during the third quarter worth $7,682,000. 83.19% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Northern Trust

In related news, EVP Jane Karpinski sold 2,262 shares of the company’s 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 completion of the transaction, the executive vice president now directly owns 17,236 shares in the company, valued at $1,918,883.88. This represents a 11.60 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Peter Cherecwich sold 26,132 shares of the firm’s stock in a transaction on Wednesday, January 29th. The shares were sold at an average price of $112.36, for a total value of $2,936,191.52. Following the completion of the sale, the chief operating officer now owns 26,586 shares in the company, valued at $2,987,202.96. The trade was a 49.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 35,335 shares of company stock worth $3,970,211. 0.64% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms recently issued reports on NTRS. Truist Financial lifted their price target on shares of Northern Trust from $110.00 to $116.00 and gave the stock a “hold” rating in a research note on Friday, January 24th. Citigroup cut their price target on Northern Trust from $110.00 to $105.00 and set a “neutral” rating on the stock in a research note on Monday, March 24th. Barclays raised their price objective on Northern Trust from $115.00 to $118.00 and gave the company an “equal weight” rating in a research note on Monday, January 6th. Keefe, Bruyette & Woods upped their target price on Northern Trust from $113.00 to $122.00 and gave the company a “market perform” rating in a research report on Friday, January 24th. Finally, Morgan Stanley decreased their price target on shares of Northern Trust from $138.00 to $136.00 and set an “equal weight” rating for the company in a research report on Thursday, March 6th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $113.46.

Northern Trust Stock Performance

Shares of NTRS opened at $97.15 on Friday. 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 Co. has a 12-month low of $79.32 and a 12-month high of $114.67. The business’s fifty day moving average price is $107.04 and its 200 day moving average price is $102.88. The stock has a market capitalization of $19.01 billion, a PE ratio of 9.93, a price-to-earnings-growth ratio of 1.72 and a beta of 1.07.

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 analysts’ consensus estimates of $1.96 by $0.30. Northern Trust had a net margin of 12.77% and a return on equity of 13.74%. Equities research analysts forecast that Northern Trust Co. will post 8.27 EPS for the current year.

Northern Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 3.09%. The ex-dividend date 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.