Northern Trust Co. (NASDAQ:NTRS) Shares Sold by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. lessened its position in Northern Trust Co. (NASDAQ:NTRS - Free Report) by 9.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 89,470 shares of the asset manager's stock after selling 9,427 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Northern Trust were worth $8,055,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA lifted its holdings in Northern Trust by 13.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 7,413,620 shares of the asset manager's stock valued at $622,596,000 after purchasing an additional 850,556 shares in the last quarter. Panagora Asset Management Inc. lifted its stake in shares of Northern Trust by 4,660.5% in the second quarter. Panagora Asset Management Inc. now owns 399,932 shares of the asset manager's stock worth $33,586,000 after buying an additional 391,531 shares in the last quarter. Primecap Management Co. CA boosted its position in Northern Trust by 3.9% during the second quarter. Primecap Management Co. CA now owns 7,046,757 shares of the asset manager's stock worth $591,787,000 after acquiring an additional 261,285 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Northern Trust by 12.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,003,675 shares of the asset manager's stock valued at $168,253,000 after acquiring an additional 219,387 shares in the last quarter. Finally, AQR Capital Management LLC raised its holdings in Northern Trust by 55.1% in the 2nd quarter. AQR Capital Management LLC now owns 597,146 shares of the asset manager's stock valued at $49,575,000 after acquiring an additional 212,089 shares during the last quarter. 83.19% of the stock is owned by institutional investors and hedge funds.

Northern Trust Trading Down 0.1 %

NASDAQ NTRS traded down $0.07 on Friday, reaching $105.18. The stock had a trading volume of 790,975 shares, compared to its average volume of 1,304,018. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.58. The stock has a fifty day moving average price of $93.34 and a two-hundred day moving average price of $87.79. Northern Trust Co. has a 12-month low of $68.97 and a 12-month high of $108.53. The firm has a market capitalization of $20.85 billion, a price-to-earnings ratio of 13.09, a P/E/G ratio of 1.17 and a beta of 1.06.

Northern Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Friday, December 6th will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 2.85%. The ex-dividend date is Friday, December 6th. Northern Trust's payout ratio is 37.31%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on NTRS. Deutsche Bank Aktiengesellschaft upped their price target on Northern Trust from $84.00 to $94.00 and gave the company a "hold" rating in a research report on Monday, September 23rd. The Goldman Sachs Group downgraded Northern Trust from a "neutral" rating to a "sell" rating and cut their target price for the stock from $84.00 to $82.00 in a research note on Thursday, September 26th. Wells Fargo & Company boosted their price target on shares of Northern Trust from $92.00 to $108.00 and gave the company an "equal weight" rating in a research report on Thursday, October 24th. Morgan Stanley raised their price objective 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 target price on shares of Northern Trust from $98.00 to $115.00 and gave the company an "equal weight" rating in a report on Thursday, October 24th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $99.33.

Insider Activity at Northern Trust

In other Northern Trust news, COO Peter Cherecwich sold 16,153 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $105.18, for a total transaction of $1,698,972.54. Following the sale, the chief operating officer now directly owns 4,397 shares in the company, valued at $462,476.46. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, COO Peter Cherecwich sold 16,153 shares of Northern Trust stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $105.18, for a total value of $1,698,972.54. Following the completion of the transaction, the chief operating officer now owns 4,397 shares in the company, valued at approximately $462,476.46. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Vice Chairman Steven L. Fradkin sold 27,874 shares of the company's stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $100.50, for a total transaction of $2,801,337.00. Following the sale, the insider now owns 46,078 shares in the company, valued at $4,630,839. 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 quarter, insiders sold 75,906 shares of company stock worth $7,647,652. Corporate 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.