Nissay Asset Management Corp Japan ADV Reduces Stock Position in Northern Trust Co. (NASDAQ:NTRS)

Nissay Asset Management Corp Japan ADV lowered its position in Northern Trust Co. (NASDAQ:NTRS) by 2.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 20,533 shares of the asset manager’s stock after selling 483 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in Northern Trust were worth $2,158,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in NTRS. Janney Montgomery Scott LLC bought a new position in shares of Northern Trust in the fourth quarter worth $417,000. First Trust Advisors LP increased its holdings in shares of Northern Trust by 40.0% in the fourth quarter. First Trust Advisors LP now owns 99,813 shares of the asset manager’s stock worth $9,297,000 after purchasing an additional 28,534 shares during the period. California Public Employees Retirement System increased its holdings in shares of Northern Trust by 4.7% in the fourth quarter. California Public Employees Retirement System now owns 463,287 shares of the asset manager’s stock worth $43,151,000 after purchasing an additional 20,986 shares during the period. Treasurer of the State of North Carolina increased its holdings in shares of Northern Trust by 0.4% in the fourth quarter. Treasurer of the State of North Carolina now owns 73,756 shares of the asset manager’s stock worth $6,870,000 after purchasing an additional 260 shares during the period. Finally, Daiwa Securities Group Inc. increased its holdings in shares of Northern Trust by 2.1% in the fourth quarter. Daiwa Securities Group Inc. now owns 9,698 shares of the asset manager’s stock worth $903,000 after purchasing an additional 197 shares during the period. 81.06% of the stock is currently owned by hedge funds and other institutional investors.

In other news, EVP Clair Joyce St sold 9,248 shares of Northern Trust stock in a transaction that occurred on Friday, April 23rd. The shares were sold at an average price of $107.42, for a total transaction of $993,420.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Thomas A. South sold 1,000 shares of Northern Trust stock in a transaction that occurred on Monday, April 26th. The shares were sold at an average price of $109.65, for a total transaction of $109,650.00. The disclosure for this sale can be found here. Insiders sold 141,276 shares of company stock valued at $16,518,831 over the last 90 days. 0.69% of the stock is currently owned by company insiders.

NTRS has been the topic of several research analyst reports. UBS Group raised shares of Northern Trust from a “sell” rating to a “neutral” rating and upped their price target for the stock from $89.00 to $106.00 in a report on Tuesday, April 13th. Barclays increased their target price on Northern Trust from $105.00 to $112.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 7th. Morgan Stanley reduced their target price on Northern Trust from $131.00 to $126.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 21st. Wells Fargo & Company increased their target price on Northern Trust from $112.00 to $122.00 and gave the company an “overweight” rating in a research note on Thursday, April 1st. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Northern Trust from $110.00 to $117.00 and gave the company a “buy” rating in a research note on Friday, April 9th. Five analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $103.56.

Northern Trust stock opened at $117.12 on Friday. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.42. The business’s 50-day moving average price is $114.76. The stock has a market capitalization of $24.38 billion, a price-to-earnings ratio of 20.91, a P/E/G ratio of 1.18 and a beta of 1.10. Northern Trust Co. has a 1-year low of $72.64 and a 1-year high of $123.10.

Northern Trust (NASDAQ:NTRS) last posted its earnings results on Monday, April 19th. The asset manager reported $1.70 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.49 by $0.21. The company had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.54 billion. Northern Trust had a net margin of 19.78% and a return on equity of 12.22%. Northern Trust’s revenue for the quarter was down .4% on a year-over-year basis. During the same period in the prior year, the business posted $1.55 earnings per share. Sell-side analysts anticipate that Northern Trust Co. will post 6.88 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 1st. Shareholders of record on Friday, June 11th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Thursday, June 10th. This represents a $2.80 annualized dividend and a yield of 2.39%. Northern Trust’s dividend payout ratio (DPR) is presently 48.03%.

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, Corporate & Institutional Services (C&IS) and Wealth Management.

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

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