Nuance Investments LLC Has $94.92 Million Stock Holdings in Northern Trust Co. (NASDAQ:NTRS)

Nuance Investments LLC trimmed its position in shares of Northern Trust Co. (NASDAQ:NTRS) by 49.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 926,082 shares of the asset manager’s stock after selling 900,838 shares during the period. Northern Trust makes up approximately 3.8% of Nuance Investments LLC’s holdings, making the stock its 7th biggest holding. Nuance Investments LLC owned approximately 0.47% of Northern Trust worth $94,923,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Ballentine Partners LLC raised its position in Northern Trust by 4.4% in the 4th quarter. Ballentine Partners LLC now owns 2,483 shares of the asset manager’s stock worth $255,000 after purchasing an additional 105 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Northern Trust by 24.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 22,061 shares of the asset manager’s stock worth $2,286,000 after acquiring an additional 4,374 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Northern Trust by 9.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,296,442 shares of the asset manager’s stock valued at $386,809,000 after acquiring an additional 388,692 shares during the period. Kovitz Investment Group Partners LLC grew its position in Northern Trust by 68.1% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 13,765 shares of the asset manager’s stock valued at $1,239,000 after acquiring an additional 5,578 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Northern Trust by 0.6% in the fourth 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. 83.19% of the stock is currently owned by hedge funds and other institutional investors.

Northern Trust Stock Up 0.2 %

Shares of NTRS stock opened at $101.60 on Wednesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.71 and a current ratio of 0.68. Northern Trust Co. has a fifty-two week low of $79.32 and a fifty-two week high of $114.67. The firm has a market capitalization of $19.88 billion, a PE ratio of 10.39, a P/E/G ratio of 1.72 and a beta of 1.07. The stock’s 50-day simple moving average is $107.45 and its 200-day simple moving average is $102.74.

Northern Trust (NASDAQ:NTRS) last announced its quarterly earnings data on Thursday, January 23rd. The asset manager reported $2.26 EPS for the quarter, beating 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%. Equities analysts expect that Northern Trust Co. will post 8.27 earnings per share for the current year.

Northern Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be issued a $0.75 dividend. The ex-dividend date is Friday, March 14th. This represents a $3.00 annualized dividend and a dividend yield of 2.95%. Northern Trust’s dividend payout ratio (DPR) is presently 30.67%.

Insider Transactions at Northern Trust

In related news, EVP Thomas A. South sold 3,804 shares of the firm’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $113.00, for a total transaction of $429,852.00. Following the sale, the executive vice president now owns 81,794 shares in the company, valued at approximately $9,242,722. This trade represents a 4.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jason J. Tyler sold 2,237 shares of the stock in a transaction dated 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 directly owns 58,449 shares in the company, valued at approximately $6,585,448.83. The trade was a 3.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 35,335 shares of company stock worth $3,970,211 over the last quarter. 0.64% of the stock is currently owned by insiders.

Analysts Set New Price Targets

NTRS has been the topic of a number of research analyst reports. Morgan Stanley cut their price target 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. Barclays boosted their price target on Northern Trust from $115.00 to $118.00 and gave the company an “equal weight” rating in a report on Monday, January 6th. UBS Group raised their price objective on Northern Trust from $110.00 to $114.00 and gave the stock a “neutral” rating in a report on Monday, January 27th. Truist Financial increased their price target on Northern Trust from $110.00 to $116.00 and gave the stock a “hold” rating in a research report on Friday, January 24th. Finally, StockNews.com downgraded Northern Trust from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $112.85.

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.