Benjamin Edwards Inc. Raises Stock Position in Northern Trust Co. (NASDAQ:NTRS)

Benjamin Edwards Inc. raised its holdings in shares of Northern Trust Co. (NASDAQ:NTRS - Free Report) by 9,445.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 78,365 shares of the asset manager's stock after acquiring an additional 77,544 shares during the period. Benjamin Edwards Inc.'s holdings in Northern Trust were worth $7,055,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in NTRS. Allworth Financial LP grew its holdings in shares of Northern Trust by 9.1% in the third quarter. Allworth Financial LP now owns 1,170 shares of the asset manager's stock worth $105,000 after purchasing an additional 98 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its stake in shares of Northern Trust by 14.5% during the third quarter. Massmutual Trust Co. FSB ADV now owns 922 shares of the asset manager's stock valued at $83,000 after acquiring an additional 117 shares during the last quarter. DekaBank Deutsche Girozentrale grew its stake in shares of Northern Trust by 0.3% in the second quarter. DekaBank Deutsche Girozentrale now owns 43,713 shares of the asset manager's stock worth $3,608,000 after purchasing an additional 120 shares during the last quarter. Mesirow Financial Investment Management Inc. increased its holdings in Northern Trust by 0.4% during the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 35,673 shares of the asset manager's stock valued at $3,212,000 after purchasing an additional 127 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its position in Northern Trust by 1.3% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 10,584 shares of the asset manager's stock valued at $889,000 after purchasing an additional 131 shares during the last quarter. 83.19% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Northern Trust

In other news, Director Charles A. Tribbett sold 1,855 shares of the business's stock in a transaction on Friday, September 13th. The shares were sold at an average price of $88.12, for a total transaction of $163,462.60. Following the completion of the sale, the director now owns 1,000 shares of the company's stock, valued at $88,120. The trade was a 64.97 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Thomas A. South sold 5,000 shares of Northern Trust stock in a transaction 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 transaction, the executive vice president now owns 49,756 shares in the company, valued at $5,264,184.80. This trade represents a 9.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 74,906 shares of company stock worth $7,643,252. Company insiders own 0.64% of the company's stock.

Northern Trust Stock Up 0.1 %

NASDAQ:NTRS traded up $0.15 on Tuesday, reaching $110.04. 804,363 shares of the stock traded hands, compared to its average volume of 1,290,060. The company's fifty day simple moving average is $100.10 and its 200 day simple moving average is $90.82. The company has a market capitalization of $21.81 billion, a price-to-earnings ratio of 13.67, a PEG ratio of 1.25 and a beta of 1.07. Northern Trust Co. has a 12 month low of $76.67 and a 12 month high of $111.87. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.58.

Northern Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders of record on Friday, December 6th will be given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date is Friday, December 6th. Northern Trust's dividend payout ratio (DPR) is 37.31%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Bank of America upped their target price on Northern Trust from $103.00 to $115.00 and gave the company a "buy" rating in a report on Thursday, October 24th. The Goldman Sachs Group lowered shares of Northern Trust from a "neutral" rating to a "sell" rating and cut their target price for the company from $84.00 to $82.00 in a research note on Thursday, September 26th. Evercore ISI increased their price target on shares of Northern Trust from $86.00 to $103.00 and gave the stock an "in-line" rating in a research note on Thursday, October 24th. Barclays lifted their price objective on Northern Trust from $98.00 to $115.00 and gave the company an "equal weight" rating in a research report on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Northern Trust from $100.00 to $108.00 and gave the stock a "hold" rating in a research report on Monday, November 11th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $103.00.

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.