Allianz Asset Management GmbH significantly reduced its stake in Northern Trust Corporation (NASDAQ:NTRS) by 52.9% in the third quarter, selling 135,963 shares. Despite this, Northern Trust reported strong Q4 earnings, surpassing analyst estimates, and declared a quarterly dividend of $0.80. The company’s stock currently holds an average “Hold” rating from analysts with a consensus target price of $148.75.
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Northern Trust Corporation $NTRS Stock Position Lowered by Allianz Asset Management GmbH
Allianz Asset Management GmbH significantly reduced its stake in Northern Trust Corporation (NASDAQ:NTRS) by 52.9% in the third quarter, selling 135,963 shares. Despite this, Northern Trust reported strong Q4 earnings, surpassing analyst estimates, and declared a quarterly dividend of $0.80. The company’s stock currently holds an average “Hold” rating from analysts with a consensus target price of $148.75.