Erste Asset Management GmbH Invests $5.85 Million in Northern Trust Co. (NASDAQ:NTRS)

Erste Asset Management GmbH acquired a new stake in Northern Trust Co. (NASDAQ:NTRS - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 64,900 shares of the asset manager's stock, valued at approximately $5,846,000.

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

Northern Trust Stock Down 0.5 %

Northern Trust stock traded down $0.55 during mid-day trading on Tuesday, hitting $109.34. The company's stock had a trading volume of 1,635,493 shares, compared to its average volume of 1,293,747. Northern Trust Co. has a 52-week low of $76.67 and a 52-week high of $111.87. The company has a market cap of $21.67 billion, a PE ratio of 13.60, a price-to-earnings-growth ratio of 1.24 and a beta of 1.07. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.71 and a quick ratio of 0.71. The firm's 50 day moving average is $100.46 and its 200 day moving average is $90.98.

Northern Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders of record on Friday, December 6th will be paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date of this dividend is Friday, December 6th. Northern Trust's dividend payout ratio (DPR) is currently 37.31%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Keefe, Bruyette & Woods upped their price target on shares of Northern Trust from $100.00 to $113.00 and gave the stock a "market perform" rating in a research note on Tuesday. StockNews.com cut Northern Trust from a "buy" rating to a "hold" rating in a research report on Wednesday, November 27th. Evercore ISI upped their price objective on Northern Trust from $86.00 to $103.00 and gave the company an "in-line" rating in a report on Thursday, October 24th. Wells Fargo & Company lifted their target price on Northern Trust from $108.00 to $110.00 and gave the stock an "equal weight" rating in a report on Friday, November 15th. Finally, Morgan Stanley raised their target price on shares of Northern Trust from $97.00 to $103.00 and gave the stock an "underweight" rating in a report on Thursday, October 24th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $103.00.

Insider Transactions at Northern Trust

In other Northern Trust news, EVP Susan Cohen Levy sold 19,585 shares of the company's stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $102.26, for a total transaction of $2,002,762.10. Following the completion of the sale, the executive vice president now directly owns 17,132 shares in the company, valued at $1,751,918.32. This represents a 53.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman Steven L. Fradkin sold 9,100 shares of the business's stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $111.00, for a total value of $1,010,100.00. Following the transaction, the insider now directly owns 47,797 shares of the company's stock, valued at $5,305,467. This represents a 15.99 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 84,006 shares of company stock valued at $8,653,352. 0.64% of the stock is owned by insiders.

About Northern Trust

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.