Gamco Investors INC. ET AL lowered its position in shares of Northern Trust Co. (NASDAQ:NTRS) by 17.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 677,271 shares of the asset manager’s stock after selling 139,385 shares during the period. Gamco Investors INC. ET AL’s holdings in Northern Trust were worth $67,653,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Field & Main Bank bought a new position in shares of Northern Trust during the fourth quarter worth about $100,000. Cerebellum GP LLC bought a new position in shares of Northern Trust during the fourth quarter worth about $132,000. MPS Loria Financial Planners LLC bought a new position in shares of Northern Trust during the second quarter worth about $134,000. Hollencrest Capital Management bought a new position in shares of Northern Trust during the fourth quarter worth about $210,000. Finally, Cetera Investment Advisers bought a new position in shares of Northern Trust during the second quarter worth about $205,000. Institutional investors and hedge funds own 81.31% of the company’s stock.

In other news, EVP Wilson Leech sold 8,958 shares of the stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $106.17, for a total value of $951,070.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Vice Chairman William L. Morrison sold 30,000 shares of the stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $96.48, for a total transaction of $2,894,400.00. The disclosure for this sale can be found here. Insiders sold 186,673 shares of company stock valued at $18,723,553 over the last three months. 1.27% of the stock is owned by insiders.

NTRS has been the subject of several recent research reports. BidaskClub upgraded shares of Northern Trust from a “hold” rating to a “buy” rating in a research report on Saturday, January 13th. UBS Group increased their target price on shares of Northern Trust from $100.00 to $109.00 and gave the company a “buy” rating in a research report on Thursday, October 19th. Zacks Investment Research upgraded shares of Northern Trust from a “hold” rating to a “buy” rating and set a $110.00 target price for the company in a research report on Tuesday, December 19th. Bank of America set a $102.00 target price on shares of Northern Trust and gave the company a “buy” rating in a research report on Thursday, October 19th. Finally, Vining Sparks reiterated a “buy” rating and issued a $118.00 target price on shares of Northern Trust in a research report on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $104.81.

Shares of Northern Trust Co. (NASDAQ NTRS) opened at $104.63 on Monday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.71 and a current ratio of 0.71. Northern Trust Co. has a 52 week low of $83.17 and a 52 week high of $108.91. The company has a market cap of $23,795.07, a PE ratio of 21.71, a price-to-earnings-growth ratio of 1.39 and a beta of 0.99.

Northern Trust (NASDAQ:NTRS) last posted its quarterly earnings data on Wednesday, January 24th. The asset manager reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.05. The company had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.41 billion. Northern Trust had a net margin of 20.98% and a return on equity of 12.77%. The business’s quarterly revenue was up 15.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.11 earnings per share. equities research analysts predict that Northern Trust Co. will post 6.02 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Sunday, April 1st. Stockholders of record on Friday, March 9th will be given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date is Thursday, March 8th. Northern Trust’s dividend payout ratio (DPR) is 34.15%.

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About Northern Trust

Northern Trust Corporation is a financial holding company. The Company provides asset servicing, fund administration, asset management, fiduciary and banking solutions for corporations, institutions, families and individuals across the world. Its segments include Corporate & Institutional Services (C&IS), Wealth Management, and Treasury and Other.

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Institutional Ownership by Quarter for Northern Trust (NASDAQ:NTRS)

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