Strs Ohio Sells 24,021 Shares of Northern Trust Corporation $NTRS

Strs Ohio lowered its stake in shares of Northern Trust Corporation (NASDAQ:NTRS) by 24.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 74,545 shares of the asset manager’s stock after selling 24,021 shares during the period. Strs Ohio’s holdings in Northern Trust were worth $10,034,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of NTRS. Salomon & Ludwin LLC increased its position in Northern Trust by 13.1% in the third quarter. Salomon & Ludwin LLC now owns 682 shares of the asset manager’s stock worth $90,000 after buying an additional 79 shares during the last quarter. New York Life Investment Management LLC grew its stake in shares of Northern Trust by 0.3% during the 2nd quarter. New York Life Investment Management LLC now owns 29,132 shares of the asset manager’s stock worth $3,694,000 after acquiring an additional 80 shares during the period. Welch Group LLC increased its holdings in Northern Trust by 2.8% in the 2nd quarter. Welch Group LLC now owns 3,153 shares of the asset manager’s stock worth $400,000 after acquiring an additional 87 shares during the last quarter. Harbour Investments Inc. raised its stake in Northern Trust by 10.0% in the 2nd quarter. Harbour Investments Inc. now owns 1,032 shares of the asset manager’s stock valued at $131,000 after acquiring an additional 94 shares during the period. Finally, Twin Capital Management Inc. lifted its holdings in Northern Trust by 0.5% during the second quarter. Twin Capital Management Inc. now owns 20,071 shares of the asset manager’s stock valued at $2,545,000 after purchasing an additional 94 shares during the last quarter. Institutional investors own 83.19% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on NTRS. Morgan Stanley lifted their target price on shares of Northern Trust from $131.00 to $140.00 and gave the stock an “underweight” rating in a research note on Friday. Keefe, Bruyette & Woods lifted their price objective on shares of Northern Trust from $123.00 to $125.00 and gave the company an “underperform” rating in a research note on Thursday, October 23rd. Wells Fargo & Company increased their target price on Northern Trust from $145.00 to $150.00 and gave the stock an “equal weight” rating in a research report on Friday. Wall Street Zen upgraded Northern Trust from a “sell” rating to a “hold” rating in a research report on Saturday, December 27th. Finally, Barclays boosted their price objective on Northern Trust from $136.00 to $160.00 and gave the company an “equal weight” rating in a research note on Monday, January 5th. Four investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, Northern Trust presently has a consensus rating of “Hold” and an average price target of $142.46.

Northern Trust Trading Down 2.9%

Shares of NTRS stock opened at $148.63 on Monday. The company has a market capitalization of $28.11 billion, a PE ratio of 17.01, a price-to-earnings-growth ratio of 1.21 and a beta of 1.27. Northern Trust Corporation has a 52-week low of $81.62 and a 52-week high of $157.60. The business’s fifty day moving average is $137.87 and its 200 day moving average is $131.90. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.70 and a current ratio of 0.69.

Northern Trust (NASDAQ:NTRS) last announced its earnings results on Friday, January 30th. The asset manager reported $2.42 earnings per share for the quarter, topping analysts’ consensus estimates of $2.37 by $0.05. Northern Trust had a return on equity of 14.87% and a net margin of 12.15%.The business had revenue of $3.15 billion for the quarter. During the same quarter in the prior year, the company earned $2.26 earnings per share. Northern Trust’s revenue was up 8.4% compared to the same quarter last year. On average, equities research analysts anticipate that Northern Trust Corporation will post 8.27 EPS for the current fiscal year.

Northern Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Friday, March 6th will be paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Friday, March 6th. Northern Trust’s dividend payout ratio (DPR) is currently 36.61%.

Insider Buying and Selling at Northern Trust

In other news, insider John Landers sold 766 shares of the stock in a transaction on Monday, November 17th. The shares were sold at an average price of $124.35, for a total value of $95,252.10. Following the transaction, the insider owned 7,313 shares of the company’s stock, valued at $909,371.55. This represents a 9.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Susan Cohen Levy sold 27,591 shares of Northern Trust stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $128.13, for a total transaction of $3,535,234.83. Following the sale, the executive vice president directly owned 48,257 shares of the company’s stock, valued at $6,183,169.41. This represents a 36.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.77% of the stock is currently owned by company insiders.

Key Northern Trust News

Here are the key news stories impacting Northern Trust this week:

• Positive Sentiment: Q4 results topped estimates — Northern Trust reported stronger-than-expected quarterly results with year-over-year net interest income and asset growth helping revenue and EPS beat consensus, a core bullish catalyst for the stock. Q4 Beat: Zacks
• Positive Sentiment: Management highlighted record NII and raised targets on the earnings call — the company pointed to higher net interest income and stronger fee/servicing trends on the call, which prompted some analysts to lift forecasts. Earnings Call Summary: TipRanks
• Positive Sentiment: RBC raised its price target to $159 and moved to an outperform view — a bullish analyst action that signals upside expectations following the quarter. RBC Raise: The Fly
• Positive Sentiment: Board approved/announced quarterly dividend — Northern Trust declared a quarterly dividend of $0.80 (record March 6), supporting income-oriented investor interest.
• Neutral Sentiment: Several firms nudged up targets but kept neutral/in-line ratings (Evercore to $155 in-line; Wells Fargo to $150 equal weight) — these moves recognize better results but stop short of a strong buy endorsement. Evercore: TickerReport Wells Fargo: TickerReport
• Negative Sentiment: Morgan Stanley raised its target to $140 but kept an “underweight” rating — the firm’s stance signals limited confidence in near-term upside and likely contributed to selling pressure. MS PT Change: Benzinga
• Negative Sentiment: Costs and valuation concerns persist — several write-ups note elevated expenses are trimming margin expansion and that valuation may be rich after the run, which can temper enthusiasm despite the beat. Valuation Concerns: Seeking Alpha

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.