Keybank National Association OH Has $13.22 Million Position in Northern Trust Co. (NASDAQ:NTRS)

Keybank National Association OH lessened its holdings in Northern Trust Co. (NASDAQ:NTRS) by 0.9% during the fourth quarter, Holdings Channel reports. The fund owned 128,992 shares of the asset manager’s stock after selling 1,116 shares during the period. Keybank National Association OH’s holdings in Northern Trust were worth $13,222,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Y.D. More Investments Ltd raised its position in shares of Northern Trust by 118.4% in the fourth quarter. Y.D. More Investments Ltd now owns 249 shares of the asset manager’s stock valued at $26,000 after purchasing an additional 135 shares during the period. Empirical Asset Management LLC acquired a new position in Northern Trust in the 4th quarter valued at about $33,000. Brooklyn Investment Group raised its holdings in Northern Trust by 51.2% in the 4th quarter. Brooklyn Investment Group now owns 378 shares of the asset manager’s stock valued at $39,000 after acquiring an additional 128 shares during the period. Capital Performance Advisors LLP acquired a new stake in Northern Trust during the third quarter worth approximately $48,000. Finally, Proficio Capital Partners LLC bought a new stake in shares of Northern Trust during the fourth quarter worth approximately $51,000. Institutional investors and hedge funds own 83.19% of the company’s stock.

Northern Trust Trading Down 4.6 %

NTRS opened at $104.37 on Wednesday. The company has a market cap of $20.43 billion, a P/E ratio of 10.67, a PEG ratio of 1.72 and a beta of 1.08. The company has a current ratio of 0.68, a quick ratio of 0.71 and a debt-to-equity ratio of 0.58. The company’s 50 day moving average is $108.18 and its 200-day moving average is $101.53. Northern Trust Co. has a 1-year low of $79.30 and a 1-year high of $114.67.

Northern Trust (NASDAQ:NTRS) last issued its earnings results on Thursday, January 23rd. The asset manager reported $2.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.96 by $0.30. Northern Trust had a net margin of 12.77% and a return on equity of 13.74%. Equities research analysts predict that Northern Trust Co. will post 8.27 earnings per share for the current fiscal year.

Northern Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be given a dividend of $0.75 per share. The ex-dividend date is Friday, March 14th. This represents a $3.00 dividend on an annualized basis and a yield of 2.87%. Northern Trust’s dividend payout ratio is currently 30.67%.

Insiders Place Their Bets

In other news, EVP Jane Karpinski sold 2,262 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $111.33, for a total transaction of $251,828.46. Following the sale, the executive vice president now directly owns 17,236 shares in the company, valued at approximately $1,918,883.88. The trade was a 11.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Thomas A. South sold 3,804 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $113.00, for a total transaction of $429,852.00. Following the completion of the transaction, the executive vice president now owns 81,794 shares of the company’s stock, valued at approximately $9,242,722. This trade represents a 4.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 35,335 shares of company stock valued at $3,970,211 in the last 90 days. Corporate insiders own 0.64% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Keefe, Bruyette & Woods increased their target price on Northern Trust from $113.00 to $122.00 and gave the stock a “market perform” rating in a research note on Friday, January 24th. Truist Financial lifted their target price on Northern Trust from $110.00 to $116.00 and gave the stock a “hold” rating in a report on Friday, January 24th. Barclays boosted their target price on shares of Northern Trust from $115.00 to $118.00 and gave the company an “equal weight” rating in a research report on Monday, January 6th. The Goldman Sachs Group raised their price target on shares of Northern Trust from $92.00 to $102.00 and gave the stock a “sell” rating in a research report on Friday, January 24th. Finally, StockNews.com downgraded shares of Northern Trust from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $112.58.

About Northern Trust

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.