Johnson Financial Group Inc. Sells 4,298 Shares of Northern Trust Corporation $NTRS

Johnson Financial Group Inc. decreased its position in shares of Northern Trust Corporation (NASDAQ:NTRS) by 95.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 206 shares of the asset manager’s stock after selling 4,298 shares during the quarter. Johnson Financial Group Inc.’s holdings in Northern Trust were worth $26,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. FNY Investment Advisers LLC acquired a new stake in Northern Trust in the 2nd quarter valued at $25,000. Hantz Financial Services Inc. lifted its stake in shares of Northern Trust by 5,225.0% in the second quarter. Hantz Financial Services Inc. now owns 213 shares of the asset manager’s stock valued at $27,000 after buying an additional 209 shares in the last quarter. AlphaCore Capital LLC grew its holdings in shares of Northern Trust by 87.4% during the second quarter. AlphaCore Capital LLC now owns 208 shares of the asset manager’s stock valued at $27,000 after buying an additional 97 shares during the last quarter. Zions Bancorporation National Association UT bought a new stake in shares of Northern Trust during the first quarter worth about $29,000. Finally, Clearstead Trust LLC acquired a new stake in shares of Northern Trust in the 2nd quarter worth about $29,000. 83.19% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Northern Trust

In other Northern Trust news, EVP Susan Cohen Levy sold 27,591 shares of the firm’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $128.13, for a total value of $3,535,234.83. Following the completion of the sale, the executive vice president directly owned 48,257 shares of the company’s stock, valued at $6,183,169.41. This trade represents a 36.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Robert Edward Jr. Moritz bought 3,891 shares of the stock in a transaction on Tuesday, November 4th. The stock was purchased at an average price of $128.57 per share, for a total transaction of $500,265.87. Following the completion of the purchase, the director owned 6,686 shares of the company’s stock, valued at approximately $859,619.02. This trade represents a 139.21% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.77% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have issued reports on NTRS. BMO Capital Markets began coverage on Northern Trust in a research note on Friday, October 3rd. They set a “market perform” rating and a $142.00 price target for the company. Truist Financial decreased their price target on Northern Trust from $142.00 to $139.00 and set a “hold” rating for the company in a report on Thursday, October 23rd. Wells Fargo & Company increased their price target on Northern Trust from $127.00 to $131.00 and gave the company an “equal weight” rating in a research report on Thursday, October 23rd. The Goldman Sachs Group set a $135.00 price objective on shares of Northern Trust in a report on Tuesday, September 30th. Finally, Wall Street Zen downgraded shares of Northern Trust from a “hold” rating to a “sell” rating in a report on Saturday, October 25th. Five analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $132.46.

Northern Trust Stock Down 0.0%

Shares of NASDAQ:NTRS opened at $131.34 on Friday. Northern Trust Corporation has a 1 year low of $81.62 and a 1 year high of $135.48. The company has a market capitalization of $24.84 billion, a PE ratio of 15.31, a price-to-earnings-growth ratio of 1.37 and a beta of 1.32. The business has a fifty day moving average price of $128.94 and a two-hundred day moving average price of $124.33. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.70 and a quick ratio of 0.72.

Northern Trust (NASDAQ:NTRS) last issued its quarterly earnings results on Wednesday, October 22nd. The asset manager reported $2.29 earnings per share for the quarter, topping analysts’ consensus estimates of $2.26 by $0.03. Northern Trust had a net margin of 11.99% and a return on equity of 14.37%. The company had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $2.02 billion. During the same period in the previous year, the firm earned $2.22 EPS. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. Analysts forecast that Northern Trust Corporation will post 8.27 earnings per share for the current year.

Northern Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 1st. Stockholders of record on Friday, December 5th will be given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, December 5th. Northern Trust’s dividend payout ratio is currently 37.30%.

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.