Robeco Institutional Asset Management B.V. Purchases 137,825 Shares of Northern Trust Corporation (NASDAQ:NTRS)

Robeco Institutional Asset Management B.V. grew its position in shares of Northern Trust Corporation (NASDAQ:NTRS) by 20.3% in the first quarter, Holdings Channel reports. The fund owned 816,286 shares of the asset manager’s stock after buying an additional 137,825 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Northern Trust were worth $80,527,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of NTRS. Colonial Trust Co SC lifted its holdings in shares of Northern Trust by 6,400.0% in the 4th quarter. Colonial Trust Co SC now owns 260 shares of the asset manager’s stock valued at $27,000 after acquiring an additional 256 shares during the last quarter. Continuum Advisory LLC boosted its holdings in Northern Trust by 5,340.0% during the 1st quarter. Continuum Advisory LLC now owns 272 shares of the asset manager’s stock valued at $27,000 after acquiring an additional 267 shares during the period. Assetmark Inc. boosted its stake in shares of Northern Trust by 528.3% during the fourth 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. True Wealth Design LLC grew its holdings in shares of Northern Trust by 84.0% in the fourth quarter. True Wealth Design LLC now owns 425 shares of the asset manager’s stock worth $44,000 after purchasing an additional 194 shares during the last quarter. Finally, Coppell Advisory Solutions LLC purchased a new position in Northern Trust in the 4th quarter worth about $44,000. 83.19% of the stock is owned by hedge funds and other institutional investors.

Northern Trust Price Performance

Shares of NTRS opened at $122.97 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.71 and a quick ratio of 0.71. The company’s fifty day moving average price is $104.51 and its 200-day moving average price is $103.60. Northern Trust Corporation has a 1-year low of $80.81 and a 1-year high of $124.19. The firm has a market capitalization of $23.92 billion, a PE ratio of 11.47, a price-to-earnings-growth ratio of 1.87 and a beta of 1.22.

Northern Trust (NASDAQ:NTRS) last issued its quarterly earnings results on Tuesday, April 22nd. The asset manager reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.85 by $0.05. The company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.95 billion. Northern Trust had a net margin of 13.93% and a return on equity of 13.73%. On average, equities research analysts predict that Northern Trust Corporation will post 8.27 EPS for the current year.

Northern Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 6th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $3.00 dividend on an annualized basis and a yield of 2.44%. Northern Trust’s dividend payout ratio is presently 27.99%.

Analyst Ratings Changes

NTRS has been the subject of several research reports. Evercore ISI lowered their price objective on shares of Northern Trust from $104.00 to $100.00 and set an “in-line” rating for the company in a research report on Wednesday, April 23rd. Truist Financial dropped their target price on shares of Northern Trust from $98.00 to $92.00 and set a “hold” rating on the stock in a report on Wednesday, April 23rd. Wells Fargo & Company lowered their price target on shares of Northern Trust from $118.00 to $111.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 23rd. Morgan Stanley reissued an “underweight” rating and set a $103.00 price objective (up from $101.00) on shares of Northern Trust in a report on Tuesday, June 3rd. Finally, Citigroup reduced their target price on shares of Northern Trust from $110.00 to $105.00 and set a “neutral” rating for the company in a report on Monday, March 24th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $108.42.

Insider Buying and Selling at Northern Trust

In other news, insider Teresa Parker sold 6,467 shares of the firm’s stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $100.62, for a total transaction of $650,709.54. Following the sale, the insider now directly owns 79,391 shares in the company, valued at $7,988,322.42. This trade represents a 7.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Clive Bellows sold 3,300 shares of the company’s stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $99.95, for a total value of $329,835.00. Following the completion of the transaction, the executive vice president now directly owns 28,736 shares of the company’s stock, valued at $2,872,163.20. The trade was a 10.30% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,772 shares of company stock worth $981,069. Insiders own 0.77% of the company’s stock.

Northern Trust Company 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.