Hsbc Holdings PLC Sells 105,413 Shares of Northern Trust Corporation $NTRS

Hsbc Holdings PLC lowered its position in shares of Northern Trust Corporation (NASDAQ:NTRS) by 15.6% in the fourth quarter, Holdings Channel reports. The firm owned 569,812 shares of the asset manager’s stock after selling 105,413 shares during the period. Hsbc Holdings PLC’s holdings in Northern Trust were worth $78,040,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of NTRS. Triumph Capital Management acquired a new stake in Northern Trust in the third quarter worth $25,000. Reflection Asset Management bought a new stake in shares of Northern Trust in the 4th quarter valued at $25,000. Board of the Pension Protection Fund acquired a new stake in Northern Trust during the 4th quarter worth $27,000. Elyxium Wealth LLC bought a new position in Northern Trust during the fourth quarter worth about $34,000. Finally, International Assets Investment Management LLC acquired a new position in Northern Trust in the fourth quarter valued at about $35,000. Institutional investors own 83.19% of the company’s stock.

Insider Transactions at Northern Trust

In other news, insider Clive Bellows sold 2,800 shares of the business’s stock in a transaction on Friday, April 24th. The shares were sold at an average price of $165.02, for a total value of $462,056.00. Following the sale, the insider owned 28,217 shares of the company’s stock, valued at $4,656,369.34. The trade was a 9.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO David W. Fox, Jr. sold 19,987 shares of the firm’s stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $166.16, for a total transaction of $3,321,039.92. Following the completion of the transaction, the chief financial officer directly owned 18,588 shares of the company’s stock, valued at approximately $3,088,582.08. This trade represents a 51.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 22,800 shares of company stock valued at $3,785,251 over the last 90 days. 0.66% of the stock is owned by corporate insiders.

Northern Trust Stock Performance

NTRS opened at $175.56 on Tuesday. The company has a market capitalization of $32.49 billion, a price-to-earnings ratio of 18.38, a P/E/G ratio of 1.23 and a beta of 1.25. The business’s 50-day moving average price is $166.03 and its two-hundred day moving average price is $150.82. Northern Trust Corporation has a 1 year low of $117.71 and a 1 year high of $176.99. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.62 and a quick ratio of 0.62.

Northern Trust (NASDAQ:NTRS) last posted its quarterly earnings data on Tuesday, April 21st. The asset manager reported $2.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.37 by $0.34. Northern Trust had a return on equity of 15.94% and a net margin of 12.84%.The business had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same period last year, the company earned $1.90 earnings per share. Northern Trust’s quarterly revenue was up 13.8% on a year-over-year basis. Equities analysts expect that Northern Trust Corporation will post 10.68 EPS for the current fiscal year.

Northern Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Friday, June 5th will be paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, June 5th. Northern Trust’s dividend payout ratio (DPR) is currently 33.51%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on NTRS shares. JPMorgan Chase & Co. increased their price target on Northern Trust from $153.50 to $170.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. Truist Financial lifted their price objective on Northern Trust from $155.00 to $176.00 and gave the company a “hold” rating in a report on Wednesday, April 22nd. The Goldman Sachs Group boosted their price objective on Northern Trust from $151.00 to $169.00 and gave the company a “neutral” rating in a research report on Wednesday, April 22nd. Barclays increased their target price on Northern Trust from $160.00 to $176.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 22nd. Finally, BMO Capital Markets upgraded shares of Northern Trust from a “market perform” rating to an “outperform” rating and set a $168.00 target price on the stock in a report on Monday, April 6th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $164.08.

Northern Trust Company Profile

Northern Trust Corporation (NASDAQ: NTRS) is a global financial services firm headquartered in Chicago that provides asset servicing, asset management and wealth management solutions to institutions, corporations and high-net-worth individuals. The company’s core businesses include custody and fund administration, investment operations outsourcing, trust and fiduciary services, private banking, and retirement and defined contribution plan services.

Northern Trust’s product and service offerings span custody and fund accounting, portfolio and performance analytics, securities lending, cash management and foreign exchange, as well as discretionary and non-discretionary investment management.