Fiduciary Management Inc. WI Sells 182,228 Shares of Northern Trust Co. (NASDAQ:NTRS)

Fiduciary Management Inc. WI trimmed its holdings in shares of Northern Trust Co. (NASDAQ:NTRS) by 7.8% during the 4th quarter, Holdings Channel reports. The fund owned 2,145,287 shares of the asset manager’s stock after selling 182,228 shares during the period. Northern Trust comprises about 1.7% of Fiduciary Management Inc. WI’s portfolio, making the stock its 21st largest position. Fiduciary Management Inc. WI’s holdings in Northern Trust were worth $181,019,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fortitude Family Office LLC purchased a new position in shares of Northern Trust in the 4th quarter valued at approximately $28,000. Quent Capital LLC raised its position in shares of Northern Trust by 77.8% in the 4th quarter. Quent Capital LLC now owns 361 shares of the asset manager’s stock valued at $30,000 after purchasing an additional 158 shares during the last quarter. Allworth Financial LP raised its position in shares of Northern Trust by 94.1% in the 4th quarter. Allworth Financial LP now owns 359 shares of the asset manager’s stock valued at $30,000 after purchasing an additional 174 shares during the last quarter. Covestor Ltd raised its position in shares of Northern Trust by 147.5% in the 3rd quarter. Covestor Ltd now owns 604 shares of the asset manager’s stock valued at $42,000 after purchasing an additional 360 shares during the last quarter. Finally, Bruce G. Allen Investments LLC purchased a new position in shares of Northern Trust in the 4th quarter valued at approximately $45,000. 83.19% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Northern Trust news, insider Peter Cherecwich sold 12,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $87.09, for a total value of $1,045,080.00. Following the completion of the sale, the insider now owns 31,471 shares in the company, valued at $2,740,809.39. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, insider Peter Cherecwich sold 12,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $87.09, for a total transaction of $1,045,080.00. Following the completion of the sale, the insider now owns 31,471 shares in the company, valued at $2,740,809.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Steven L. Fradkin sold 4,097 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $82.56, for a total value of $338,248.32. Following the sale, the insider now owns 46,078 shares of the company’s stock, valued at approximately $3,804,199.68. The disclosure for this sale can be found here. 0.64% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently weighed in on NTRS shares. Evercore ISI increased their price target on shares of Northern Trust from $86.00 to $87.00 and gave the stock an “in-line” rating in a report on Thursday, April 4th. Bank of America raised their price objective on shares of Northern Trust from $93.00 to $101.00 and gave the stock a “buy” rating in a research note on Wednesday, April 17th. Finally, Jefferies Financial Group raised their price objective on shares of Northern Trust from $101.00 to $103.00 and gave the stock a “buy” rating in a research note on Thursday, April 18th. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $84.92.

Northern Trust Trading Up 0.6 %

NASDAQ NTRS traded up $0.49 during trading on Monday, hitting $82.78. The stock had a trading volume of 991,385 shares, compared to its average volume of 1,401,958. Northern Trust Co. has a twelve month low of $62.44 and a twelve month high of $89.25. The company has a market capitalization of $16.94 billion, a PE ratio of 18.27, a PEG ratio of 1.17 and a beta of 1.10. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.61. The firm has a 50 day moving average price of $84.24 and a 200 day moving average price of $82.89.

Northern Trust (NASDAQ:NTRS) last announced its quarterly earnings data on Tuesday, April 16th. The asset manager reported $1.70 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.23. Northern Trust had a return on equity of 12.57% and a net margin of 7.59%. The business had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.79 billion. As a group, equities research analysts forecast that Northern Trust Co. will post 6.85 earnings per share for the current year.

Northern Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 7th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 3.62%. The ex-dividend date is Friday, June 7th. Northern Trust’s payout ratio is 66.23%.

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.