Barrow Hanley Mewhinney & Strauss LLC Cuts Stock Holdings in Northern Trust Co. (NASDAQ:NTRS)

Barrow Hanley Mewhinney & Strauss LLC reduced its stake in Northern Trust Co. (NASDAQ:NTRS) by 1.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 223,189 shares of the asset manager’s stock after selling 4,193 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC’s holdings in Northern Trust were worth $22,877,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Y.D. More Investments Ltd raised its position in shares of Northern Trust by 118.4% during the 4th quarter. Y.D. More Investments Ltd now owns 249 shares of the asset manager’s stock valued at $26,000 after buying an additional 135 shares in the last quarter. Assetmark Inc. increased its stake in Northern Trust by 528.3% in the fourth quarter. Assetmark Inc. now owns 377 shares of the asset manager’s stock valued at $39,000 after acquiring an additional 317 shares during the last quarter. Brooklyn Investment Group raised its position in Northern Trust by 51.2% during the fourth quarter. Brooklyn Investment Group now owns 378 shares of the asset manager’s stock valued at $39,000 after purchasing an additional 128 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in Northern Trust by 83.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 494 shares of the asset manager’s stock worth $51,000 after purchasing an additional 224 shares during the last quarter. Finally, Friedenthal Financial purchased a new position in shares of Northern Trust in the 4th quarter worth about $57,000. 83.19% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Northern Trust

In other news, EVP Jane Karpinski sold 2,262 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $111.33, for a total value of $251,828.46. Following the sale, the executive vice president now directly owns 17,236 shares of the company’s stock, valued at $1,918,883.88. This represents a 11.60 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Peter Cherecwich sold 26,132 shares of Northern Trust stock in a transaction dated Wednesday, January 29th. The shares were sold at an average price of $112.36, for a total transaction of $2,936,191.52. Following the transaction, the chief operating officer now directly owns 26,586 shares of the company’s stock, valued at approximately $2,987,202.96. This trade represents a 49.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 35,335 shares of company stock valued at $3,970,211. 0.77% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

NTRS has been the subject of a number of recent research reports. UBS Group boosted their target price on Northern Trust from $110.00 to $114.00 and gave the stock a “neutral” rating in a research report on Monday, January 27th. Truist Financial boosted their price objective on shares of Northern Trust from $110.00 to $116.00 and gave the stock a “hold” rating in a report on Friday, January 24th. Royal Bank of Canada increased their target price on shares of Northern Trust from $107.00 to $115.00 and gave the company an “outperform” rating in a report on Friday, January 24th. Citigroup lowered their price target on shares of Northern Trust from $110.00 to $105.00 and set a “neutral” rating for the company in a research note on Monday, March 24th. Finally, Wells Fargo & Company reduced their price objective on Northern Trust from $119.00 to $118.00 and set an “equal weight” rating on the stock in a research note on Friday. One analyst has rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $113.46.

Northern Trust Trading Down 3.4 %

NASDAQ NTRS opened at $97.15 on Monday. The stock has a market cap of $19.01 billion, a P/E ratio of 9.93, a price-to-earnings-growth ratio of 1.72 and a beta of 1.07. Northern Trust Co. has a fifty-two week low of $79.32 and a fifty-two week high of $114.67. The stock has a 50 day simple moving average of $107.04 and a two-hundred day simple moving average of $102.99. 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 (NASDAQ:NTRS) last released its quarterly earnings results on Thursday, January 23rd. The asset manager reported $2.26 earnings per share 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%. On average, analysts forecast that Northern Trust Co. will post 8.27 earnings per share for the current year.

Northern Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date is Friday, March 14th. Northern Trust’s payout ratio is currently 30.67%.

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.