American Century Companies Inc. Has $340.09 Million Holdings in Northern Trust Corporation $NTRS

American Century Companies Inc. trimmed its position in Northern Trust Corporation (NASDAQ:NTRS) by 12.7% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 2,526,645 shares of the asset manager’s stock after selling 366,633 shares during the period. American Century Companies Inc.’s holdings in Northern Trust were worth $340,087,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Salomon & Ludwin LLC lifted its position in shares of Northern Trust by 13.1% in the 3rd quarter. Salomon & Ludwin LLC now owns 682 shares of the asset manager’s stock valued at $90,000 after acquiring an additional 79 shares in the last quarter. New York Life Investment Management LLC grew its position in 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 purchasing an additional 80 shares in the last quarter. Compound Planning Inc. raised its stake in Northern Trust by 5.1% during the 3rd quarter. Compound Planning Inc. now owns 1,666 shares of the asset manager’s stock valued at $224,000 after purchasing an additional 81 shares during the period. HighPoint Advisor Group LLC lifted its holdings in shares of Northern Trust by 2.3% in the third quarter. HighPoint Advisor Group LLC now owns 3,717 shares of the asset manager’s stock valued at $500,000 after purchasing an additional 84 shares in the last quarter. Finally, Twin Capital Management Inc. boosted its position in shares of Northern Trust by 0.5% in the second quarter. Twin Capital Management Inc. now owns 20,071 shares of the asset manager’s stock worth $2,545,000 after buying an additional 94 shares during the period. 83.19% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NTRS has been the topic of a number of research analyst reports. Wells Fargo & Company lifted their price target on Northern Trust from $145.00 to $150.00 and gave the company an “equal weight” rating in a report on Friday, January 23rd. Truist Financial set a $148.00 target price on Northern Trust in a research note on Wednesday, January 7th. Zacks Research raised shares of Northern Trust from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 23rd. The Goldman Sachs Group raised their price target on shares of Northern Trust from $130.00 to $148.00 and gave the stock a “sell” rating in a report on Wednesday, January 28th. Finally, Barclays upped their price objective on shares of Northern Trust from $136.00 to $160.00 and gave the company an “equal weight” rating in a research note on Monday, January 5th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $148.75.

Insider Buying and Selling

In other news, insider Guy Gibson sold 1,043 shares of the business’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $147.43, for a total value of $153,769.49. Following the completion of the sale, the insider directly owned 35,013 shares in the company, valued at approximately $5,161,966.59. The trade was a 2.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Peter Cherecwich sold 25,000 shares of the company’s stock in a transaction on Monday, January 26th. The stock was sold at an average price of $149.62, for a total transaction of $3,740,500.00. Following the sale, the chief operating officer directly owned 26,259 shares of the company’s stock, valued at approximately $3,928,871.58. This represents a 48.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 28,641 shares of company stock valued at $4,269,900. 0.77% of the stock is owned by corporate insiders.

Northern Trust Trading Down 3.0%

Northern Trust stock opened at $143.09 on Friday. Northern Trust Corporation has a one year low of $81.62 and a one year high of $157.60. The company’s fifty day moving average price is $145.39 and its two-hundred day moving average price is $135.41. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.69 and a quick ratio of 0.70. The company has a market capitalization of $26.59 billion, a price-to-earnings ratio of 16.37, a PEG ratio of 1.18 and a beta of 1.27.

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

Northern Trust Dividend Announcement

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

About Northern Trust

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.