Nuance Investments LLC Sells 900,838 Shares of Northern Trust Co. (NASDAQ:NTRS)

Nuance Investments LLC cut its position in shares of Northern Trust Co. (NASDAQ:NTRS) by 49.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 926,082 shares of the asset manager’s stock after selling 900,838 shares during the period. Northern Trust makes up 3.8% of Nuance Investments LLC’s holdings, making the stock its 7th biggest holding. Nuance Investments LLC’s holdings in Northern Trust were worth $94,923,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Y.D. More Investments Ltd lifted its holdings in Northern Trust by 118.4% in the fourth quarter. Y.D. More Investments Ltd now owns 249 shares of the asset manager’s stock valued at $26,000 after acquiring an additional 135 shares during the last quarter. Assetmark Inc. increased its position in shares of Northern Trust by 528.3% during the 4th quarter. Assetmark Inc. now owns 377 shares of the asset manager’s stock worth $39,000 after purchasing an additional 317 shares during the last quarter. Brooklyn Investment Group raised its holdings in Northern Trust by 51.2% in the 4th 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 period. EverSource Wealth Advisors LLC lifted its position in Northern Trust by 83.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 494 shares of the asset manager’s stock valued at $51,000 after buying an additional 224 shares during the last quarter. Finally, Friedenthal Financial purchased a new position in Northern Trust during the fourth quarter worth about $57,000. 83.19% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Northern Trust

In other Northern Trust news, insider John Landers sold 900 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $111.44, for a total transaction of $100,296.00. Following the sale, the insider now directly owns 7,640 shares in the company, valued at approximately $851,401.60. The trade was a 10.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jason J. Tyler sold 2,237 shares of the stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $112.67, for a total transaction of $252,042.79. Following the completion of the transaction, the insider now owns 58,449 shares of the company’s stock, valued at $6,585,448.83. This represents a 3.69 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 35,335 shares of company stock worth $3,970,211 in the last three months. Insiders own 0.64% of the company’s stock.

Northern Trust Trading Up 0.2 %

Shares of Northern Trust stock opened at $101.60 on Wednesday. The company has a fifty day simple moving average of $107.45 and a 200-day simple moving average of $102.74. Northern Trust Co. has a 12-month low of $79.32 and a 12-month high of $114.67. The company has a current ratio of 0.68, a quick ratio of 0.71 and a debt-to-equity ratio of 0.58. The stock has a market cap of $19.88 billion, a price-to-earnings ratio of 10.39, a PEG ratio of 1.72 and a beta of 1.07.

Northern Trust (NASDAQ:NTRS) last released its quarterly earnings results on Thursday, January 23rd. The asset manager reported $2.26 EPS for the quarter, topping the consensus estimate of $1.96 by $0.30. Northern Trust had a return on equity of 13.74% and a net margin of 12.77%. On average, equities analysts forecast that Northern Trust Co. will post 8.27 EPS for the current fiscal year.

Northern Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 2.95%. The ex-dividend date of this dividend is Friday, March 14th. Northern Trust’s dividend payout ratio is presently 30.67%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Barclays increased their price objective on shares of Northern Trust from $115.00 to $118.00 and gave the stock an “equal weight” rating in a research report on Monday, January 6th. The Goldman Sachs Group lifted their price objective on Northern Trust from $92.00 to $102.00 and gave the company a “sell” rating in a research note on Friday, January 24th. StockNews.com lowered Northern Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Citigroup dropped their target price on Northern Trust from $110.00 to $105.00 and set a “neutral” rating for the company in a research report on Monday. Finally, Morgan Stanley reduced their price target on shares of Northern Trust from $138.00 to $136.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 6th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $112.85.

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.