Robeco Institutional Asset Management B.V. Has $69.54 Million Stake in Northern Trust Co. (NASDAQ:NTRS)

Robeco Institutional Asset Management B.V. boosted its position in shares of Northern Trust Co. (NASDAQ:NTRS) by 62.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 678,461 shares of the asset manager’s stock after acquiring an additional 261,797 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.34% of Northern Trust worth $69,542,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of NTRS. Empirical Asset Management LLC acquired a new stake in Northern Trust in the 4th quarter valued at about $33,000. Northwest Investment Counselors LLC bought a new stake in Northern Trust in the third quarter valued at approximately $39,000. Brooklyn Investment Group lifted its position in shares of Northern Trust by 51.2% in the fourth quarter. Brooklyn Investment Group now owns 378 shares of the asset manager’s stock valued at $39,000 after buying an additional 128 shares during the last quarter. Capital Performance Advisors LLP bought a new position in shares of Northern Trust during the 3rd quarter worth approximately $48,000. Finally, Eastern Bank acquired a new position in shares of Northern Trust during the 3rd quarter worth approximately $51,000. Institutional investors own 83.19% of the company’s stock.

Insider Activity

In other Northern Trust news, COO Peter Cherecwich sold 16,153 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $105.18, for a total value of $1,698,972.54. Following the sale, the chief operating officer now owns 4,397 shares in the company, valued at $462,476.46. This trade represents a 78.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Thomas A. South sold 5,000 shares of the company’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $105.80, for a total transaction of $529,000.00. Following the transaction, the executive vice president now owns 49,756 shares of the company’s stock, valued at $5,264,184.80. This trade represents a 9.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 30,253 shares of company stock worth $3,238,073. Insiders own 0.64% of the company’s stock.

Northern Trust Stock Up 0.2 %

Shares of NASDAQ NTRS opened at $112.60 on Thursday. Northern Trust Co. has a 52 week low of $76.67 and a 52 week high of $113.91. The stock’s fifty day moving average is $106.04 and its 200 day moving average is $97.09. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.71 and a current ratio of 0.71. The stock has a market capitalization of $22.32 billion, a P/E ratio of 14.00, a PEG ratio of 1.22 and a beta of 1.08.

Northern Trust (NASDAQ:NTRS) last issued its earnings results on Thursday, January 23rd. The asset manager reported $2.26 EPS for the quarter, beating the consensus estimate of $1.96 by $0.30. Northern Trust had a net margin of 10.92% and a return on equity of 12.75%. Sell-side analysts forecast that Northern Trust Co. will post 7.56 earnings per share for the current fiscal year.

Northern Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date of this dividend is Friday, March 14th. Northern Trust’s dividend payout ratio is presently 37.31%.

Wall Street Analysts Forecast Growth

NTRS has been the subject of several research reports. Barclays raised their price target on Northern Trust from $115.00 to $118.00 and gave the company an “equal weight” rating in a report on Monday, January 6th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Northern Trust from $100.00 to $108.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Wells Fargo & Company increased their price target on shares of Northern Trust from $108.00 to $110.00 and gave the company an “equal weight” rating in a report on Friday, November 15th. Keefe, Bruyette & Woods boosted their price objective on Northern Trust from $113.00 to $122.00 and gave the stock a “market perform” rating in a report on Friday, January 24th. Finally, StockNews.com upgraded Northern Trust from a “hold” rating to a “buy” rating in a research note on Friday, January 24th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $112.58.

Northern Trust Company Profile

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.