10,200 Shares in Northern Trust Co. (NASDAQ:NTRS) Purchased by Versor Investments LP

Versor Investments LP bought a new stake in shares of Northern Trust Co. (NASDAQ:NTRS - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 10,200 shares of the asset manager's stock, valued at approximately $918,000.

A number of other hedge funds also recently modified their holdings of NTRS. CANADA LIFE ASSURANCE Co boosted its stake in shares of Northern Trust by 6.8% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 360,640 shares of the asset manager's stock valued at $32,111,000 after buying an additional 23,020 shares during the period. Bessemer Group Inc. grew its stake in Northern Trust by 668.0% in the first quarter. Bessemer Group Inc. now owns 20,205 shares of the asset manager's stock valued at $1,797,000 after purchasing an additional 17,574 shares in the last quarter. Intech Investment Management LLC increased its position in Northern Trust by 1,891.1% in the 1st quarter. Intech Investment Management LLC now owns 56,845 shares of the asset manager's stock worth $5,055,000 after purchasing an additional 53,990 shares during the last quarter. Swedbank AB purchased a new stake in shares of Northern Trust during the 1st quarter worth about $1,407,000. Finally, Koshinski Asset Management Inc. acquired a new stake in shares of Northern Trust during the 1st quarter valued at about $644,000. Hedge funds and other institutional investors own 83.19% of the company's stock.

Northern Trust Stock Performance

Shares of NTRS traded down $0.11 during mid-day trading on Wednesday, hitting $106.84. The company's stock had a trading volume of 1,191,046 shares, compared to its average volume of 1,301,215. The stock's 50-day moving average is $94.59 and its two-hundred day moving average is $88.44. The firm has a market capitalization of $21.18 billion, a PE ratio of 13.30, a price-to-earnings-growth ratio of 1.24 and a beta of 1.06. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.71 and a current ratio of 0.71. Northern Trust Co. has a one year low of $72.28 and a one year high of $108.53.

Northern Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Friday, December 6th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date is Friday, December 6th. Northern Trust's dividend payout ratio is currently 37.31%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on NTRS shares. StockNews.com upgraded Northern Trust from a "hold" rating to a "buy" rating in a report on Tuesday. UBS Group increased their price target on shares of Northern Trust from $86.00 to $92.00 and gave the stock a "neutral" rating in a research note on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Northern Trust from $100.00 to $108.00 and gave the company a "hold" rating in a research note on Monday. Morgan Stanley increased their target price on shares of Northern Trust from $97.00 to $103.00 and gave the stock an "underweight" rating in a research report on Thursday, October 24th. Finally, Barclays boosted their price target on Northern Trust from $98.00 to $115.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 24th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, Northern Trust has a consensus rating of "Hold" and a consensus target price of $100.50.

Insider Activity at Northern Trust

In related news, EVP Thomas A. South sold 5,000 shares of the business's stock in a transaction dated 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 directly owns 49,756 shares in the company, valued at $5,264,184.80. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Charles A. Tribbett sold 1,855 shares of the company's stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $88.12, for a total value of $163,462.60. Following the sale, the director now owns 1,000 shares of the company's stock, valued at $88,120. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Thomas A. South sold 5,000 shares of Northern Trust stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $105.80, for a total value of $529,000.00. Following the sale, the executive vice president now directly owns 49,756 shares in the company, valued at $5,264,184.80. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 80,906 shares of company stock worth $8,176,652. Company insiders own 0.64% of the company's stock.

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.