Thompson Investment Management Inc. Trims Position in Northern Trust Co. (NASDAQ:NTRS)

Thompson Investment Management Inc. cut its holdings in shares of Northern Trust Co. (NASDAQ:NTRS) by 3.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 63,778 shares of the asset manager’s stock after selling 2,226 shares during the quarter. Thompson Investment Management Inc.’s holdings in Northern Trust were worth $6,537,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Czech National Bank increased its holdings in shares of Northern Trust by 5.4% during the 3rd quarter. Czech National Bank now owns 41,075 shares of the asset manager’s stock valued at $3,698,000 after purchasing an additional 2,088 shares in the last quarter. Brookstone Capital Management grew its stake in Northern Trust by 6.0% in the 3rd quarter. Brookstone Capital Management now owns 7,316 shares of the asset manager’s stock valued at $659,000 after acquiring an additional 417 shares during the period. CWM LLC grew its stake in Northern Trust by 26.1% in the 3rd quarter. CWM LLC now owns 12,183 shares of the asset manager’s stock valued at $1,097,000 after acquiring an additional 2,520 shares during the period. UMB Bank n.a. grew its stake in Northern Trust by 5.4% in the 3rd quarter. UMB Bank n.a. now owns 4,328 shares of the asset manager’s stock valued at $390,000 after acquiring an additional 221 shares during the period. Finally, Juncture Wealth Strategies LLC grew its stake in Northern Trust by 12.3% in the 3rd quarter. Juncture Wealth Strategies LLC now owns 4,112 shares of the asset manager’s stock valued at $370,000 after acquiring an additional 450 shares during the period. 83.19% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Northern Trust

In other news, insider John Landers sold 900 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $111.44, for a total transaction of $100,296.00. Following the completion of the sale, the insider now owns 7,640 shares in the company, valued at $851,401.60. This represents a 10.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Vice Chairman Steven L. Fradkin sold 9,100 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $111.00, for a total value of $1,010,100.00. Following the sale, the insider now owns 47,797 shares of the company’s stock, valued at $5,305,467. This trade represents a 15.99 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 40,631 shares of company stock valued at $4,550,459 over the last three months. 0.64% of the stock is owned by corporate insiders.

Northern Trust Stock Down 0.3 %

Shares of NASDAQ:NTRS opened at $113.51 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. The firm has a market capitalization of $22.50 billion, a PE ratio of 11.61, a price-to-earnings-growth ratio of 1.74 and a beta of 1.08. The firm’s 50-day moving average is $106.44 and its two-hundred day moving average is $98.34. Northern Trust Co. has a 1 year low of $76.67 and a 1 year high of $114.67.

Northern Trust (NASDAQ:NTRS) last announced its quarterly earnings results on Thursday, January 23rd. The asset manager reported $2.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.96 by $0.30. Northern Trust had a return on equity of 13.74% and a net margin of 12.77%. Analysts predict that Northern Trust Co. will post 8.2 EPS for the current year.

Northern Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date of this dividend is Friday, March 14th. Northern Trust’s dividend payout ratio (DPR) is 30.67%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Truist Financial lifted their target price 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. Royal Bank of Canada lifted their target price on shares of Northern Trust from $107.00 to $115.00 and gave the stock an “outperform” rating in a research note on Friday, January 24th. Evercore ISI lifted their target price on shares of Northern Trust from $86.00 to $103.00 and gave the stock an “in-line” rating in a research note on Thursday, October 24th. StockNews.com raised shares of Northern Trust from a “hold” rating to a “buy” rating in a research note on Friday, January 24th. Finally, Wells Fargo & Company lifted their target price on shares of Northern Trust from $108.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Friday, November 15th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Northern Trust presently has a consensus rating of “Hold” and a consensus target price of $112.58.

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, 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.