DnB Asset Management AS Has $4 Million Holdings in Northern Trust Co. (NASDAQ:NTRS)

DnB Asset Management AS grew its position in Northern Trust Co. (NASDAQ:NTRS) by 0.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 38,982 shares of the asset manager’s stock after purchasing an additional 242 shares during the period. DnB Asset Management AS’s holdings in Northern Trust were worth $3,996,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Y.D. More Investments Ltd grew its holdings in Northern Trust by 118.4% in 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. Empirical Asset Management LLC bought a new position in Northern Trust during the fourth quarter worth about $33,000. Brooklyn Investment Group raised its stake in Northern Trust by 51.2% in the 4th quarter. Brooklyn Investment Group now owns 378 shares of the asset manager’s stock worth $39,000 after purchasing an additional 128 shares in the last quarter. Assetmark Inc. boosted its holdings in Northern Trust by 528.3% in the 4th quarter. Assetmark Inc. now owns 377 shares of the asset manager’s stock valued at $39,000 after purchasing an additional 317 shares during the period. Finally, Proficio Capital Partners LLC acquired a new position in shares of Northern Trust during the 4th quarter worth approximately $51,000. Institutional investors own 83.19% of the company’s stock.

Northern Trust Stock Up 1.5 %

Shares of NTRS opened at $98.65 on Tuesday. 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 52 week low of $79.32 and a 52 week high of $114.67. The stock has a market capitalization of $19.31 billion, a price-to-earnings ratio of 10.09, a PEG ratio of 1.72 and a beta of 1.07. The stock has a fifty day moving average of $106.88 and a 200-day moving average of $103.07.

Northern Trust (NASDAQ:NTRS) last posted its earnings results on Thursday, January 23rd. The asset manager reported $2.26 EPS for the quarter, topping 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%. As a group, sell-side analysts anticipate that Northern Trust Co. will post 8.27 earnings per share for the current fiscal year.

Northern Trust Announces Dividend

The business also recently disclosed 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. The ex-dividend date is Friday, March 14th. This represents a $3.00 dividend on an annualized basis and a yield of 3.04%. Northern Trust’s payout ratio is 30.67%.

Insiders Place Their Bets

In related news, EVP Jane Karpinski sold 2,262 shares of Northern Trust stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $111.33, for a total value of $251,828.46. Following the transaction, the executive vice president now directly owns 17,236 shares of the company’s stock, valued at $1,918,883.88. The trade was a 11.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John Landers sold 900 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $111.44, for a total transaction of $100,296.00. Following the sale, the insider now directly owns 7,640 shares of the company’s stock, valued at $851,401.60. This represents a 10.54 % decrease in their position. 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 company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Truist Financial boosted their price target on Northern Trust from $110.00 to $116.00 and gave the company a “hold” rating in a research note on Friday, January 24th. Wells Fargo & Company reduced their target price on Northern Trust from $119.00 to $118.00 and set an “equal weight” rating on the stock in a report on Friday. Keefe, Bruyette & Woods boosted their price target on Northern Trust from $113.00 to $122.00 and gave the company a “market perform” rating in a research note on Friday, January 24th. Barclays increased their price objective on shares of Northern Trust from $115.00 to $118.00 and gave the stock an “equal weight” rating in a research note on Monday, January 6th. Finally, UBS Group boosted their target price on shares of Northern Trust from $110.00 to $114.00 and gave the company a “neutral” rating in a research report on Monday, January 27th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $113.46.

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.