Cape Cod Five Cents Savings Bank lowered its stake in shares of Northern Trust Co. (NASDAQ:NTRS) by 10.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,959 shares of the asset manager’s stock after selling 3,610 shares during the quarter. Cape Cod Five Cents Savings Bank’s holdings in Northern Trust were worth $3,092,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Raymond James Trust N.A. increased its holdings in Northern Trust by 15.9% in the fourth quarter. Raymond James Trust N.A. now owns 3,629 shares of the asset manager’s stock valued at $362,000 after buying an additional 498 shares during the last quarter. Steward Partners Investment Advisory LLC increased its holdings in Northern Trust by 18.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,232 shares of the asset manager’s stock valued at $322,000 after buying an additional 500 shares during the last quarter. OLD National Bancorp IN increased its holdings in Northern Trust by 7.7% in the fourth quarter. OLD National Bancorp IN now owns 7,010 shares of the asset manager’s stock valued at $701,000 after buying an additional 500 shares during the last quarter. Cornerstone Advisors Inc. increased its holdings in Northern Trust by 30.6% in the fourth quarter. Cornerstone Advisors Inc. now owns 2,324 shares of the asset manager’s stock valued at $232,000 after buying an additional 545 shares during the last quarter. Finally, Global X MANAGEMENT CO LLC increased its holdings in Northern Trust by 10.3% in the third quarter. Global X MANAGEMENT CO LLC now owns 5,965 shares of the asset manager’s stock valued at $548,000 after buying an additional 556 shares during the last quarter. 81.31% of the stock is currently owned by institutional investors and hedge funds.

Shares of Northern Trust Co. (NASDAQ:NTRS) opened at $97.38 on Monday. Northern Trust Co. has a 12 month low of $83.17 and a 12 month high of $108.91. The firm has a market cap of $22,146.26, a PE ratio of 19.79, a PEG ratio of 1.30 and a beta of 0.99. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.35.

Northern Trust (NASDAQ:NTRS) last announced its earnings results on Wednesday, January 24th. The asset manager reported $1.35 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.05. Northern Trust had a net margin of 20.98% and a return on equity of 12.77%. The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter in the prior year, the firm earned $1.11 earnings per share. The business’s quarterly revenue was up 15.6% compared to the same quarter last year. research analysts expect that Northern Trust Co. will post 6.02 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Sunday, April 1st. Stockholders of record on Friday, March 9th will be paid a dividend of $0.42 per share. The ex-dividend date is Thursday, March 8th. This represents a $1.68 annualized dividend and a dividend yield of 1.73%. Northern Trust’s dividend payout ratio (DPR) is 34.15%.

Several equities analysts recently commented on NTRS shares. Vining Sparks reissued a “buy” rating and issued a $118.00 target price on shares of Northern Trust in a report on Wednesday, January 24th. Zacks Investment Research raised Northern Trust from a “hold” rating to a “buy” rating and set a $110.00 target price on the stock in a report on Tuesday, December 19th. Bank of America set a $102.00 target price on Northern Trust and gave the company a “buy” rating in a report on Thursday, October 19th. UBS Group increased their target price on Northern Trust from $100.00 to $109.00 and gave the company a “buy” rating in a report on Thursday, October 19th. Finally, BidaskClub raised Northern Trust from a “hold” rating to a “buy” rating in a report on Saturday, January 13th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $104.81.

In related news, COO Jana R. Schreuder sold 2,600 shares of the firm’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $99.02, for a total value of $257,452.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Frederick H. Waddell sold 44,658 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $97.95, for a total transaction of $4,374,251.10. The disclosure for this sale can be found here. Insiders have sold 186,673 shares of company stock valued at $18,723,553 in the last quarter. Insiders own 1.27% of the company’s stock.

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About Northern Trust

Northern Trust Corporation is a financial holding company. The Company provides asset servicing, fund administration, asset management, fiduciary and banking solutions for corporations, institutions, families and individuals across the world. Its segments include Corporate & Institutional Services (C&IS), Wealth Management, and Treasury and Other.

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Institutional Ownership by Quarter for Northern Trust (NASDAQ:NTRS)

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