Assenagon Asset Management S.A. Acquires 166 Shares of Northern Trust Co. (NASDAQ:NTRS)

2 min read | January 26, 2025 01:22 AM PST | By Team Kalkine Media

Assenagon Asset Management S.A. Acquires 166 Shares of Northern Trust Co. (NASDAQ:NTRS)

Increased Institutional Confidence

Recent 13F filings with the SEC indicate that Assenagon Asset Management S.A. increased its holdings in Northern Trust Co. (NASDAQ:NTRS) by 4.4% in the fourth quarter. The firm bought an additional 166 shares, bringing its total holdings to 3,939 shares, valued at $404,000.

Other Notable Investments

Other institutional investors are also strong stakeholders in Northern Trust. FMR LLC increased its stake by 9.3% in the third quarter, bringing its total to 18,187,663 shares worth approximately $1.64 billion. Meanwhile, JPMorgan Chase & Co. boosted its ownership by 9.9%, now holding 4,296,442 shares.

Insider Trading Activities

Recent transactions reveal that insiders are actively trading Northern Trust stocks. Vice Chairman Steven L. Fradkin and EVP Thomas A. South made significant sales of their holdings, indicative of strategic portfolio adjustments. Insiders collectively sold 30,253 shares, valued at over $3.2 million, in the last three months.

Analyst Ratings and Performance Metrics

Northern Trust has received mixed ratings from analysts, with a consensus target price of $110.75. Barclays, Royal Bank of Canada, and Bank of America, among others, have positively adjusted their price targets, highlighting Northern Trust's strong market performance. The company's EPS of $2.26 for the fourth quarter beat expectations by $0.30.

Financial Health and Future Outlook

With a market cap of $21.99 billion and a strong return on equity of 12.75%, Northern Trust's financial metrics are robust. The company maintains stable liquidity with a quick and current ratio of 0.71. Investors look forward to a $0.75 quarterly dividend per share, representing a 2.70% annualized yield.

Company Profile

Northern Trust Corporation provides comprehensive wealth management, asset servicing, and banking solutions globally, focusing on institutional and wealth management clients. The company is divided into Asset Servicing and Wealth Management segments, offering a range of services that include custody, fund administration, and investment management.

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