Northern Trust Co. (NASDAQ:NTRS) Shares Purchased by Everence Capital Management Inc.

Everence Capital Management Inc. lifted its stake in Northern Trust Co. (NASDAQ:NTRS - Free Report) by 144.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,937 shares of the asset manager's stock after buying an additional 8,830 shares during the period. Everence Capital Management Inc.'s holdings in Northern Trust were worth $1,531,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Northwest Investment Counselors LLC purchased a new position in Northern Trust in the 3rd quarter worth approximately $39,000. Capital Performance Advisors LLP acquired a new position in shares of Northern Trust during the third quarter worth $48,000. Eastern Bank purchased a new position in shares of Northern Trust in the third quarter valued at $51,000. Catalyst Capital Advisors LLC acquired a new stake in Northern Trust during the 3rd quarter valued at $68,000. Finally, Versant Capital Management Inc increased its stake in Northern Trust by 34.9% during the 4th quarter. Versant Capital Management Inc now owns 684 shares of the asset manager's stock worth $70,000 after buying an additional 177 shares during the period. Institutional investors and hedge funds own 83.19% of the company's stock.

Insider Buying and Selling

In other Northern Trust news, COO Peter Cherecwich sold 16,153 shares of the company's stock in a transaction dated Thursday, November 7th. The shares were 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 represents a 78.60 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Vice Chairman Steven L. Fradkin sold 9,100 shares of the firm's stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $111.00, for a total transaction of $1,010,100.00. Following the completion of the sale, the insider now owns 47,797 shares in the company, valued at $5,305,467. The trade was a 15.99 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 82,151 shares of company stock worth $8,489,889 in the last three months. 0.64% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on NTRS shares. The Goldman Sachs Group cut shares of Northern Trust from a "neutral" rating to a "sell" rating and decreased their price objective for the company from $84.00 to $82.00 in a research report on Thursday, September 26th. UBS Group raised their price objective on Northern Trust from $86.00 to $92.00 and gave the company a "neutral" rating in a research note on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft increased their target price on Northern Trust from $100.00 to $108.00 and gave the company a "hold" rating in a research note on Monday, November 11th. Keefe, Bruyette & Woods raised 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 report on Tuesday, December 3rd. Finally, Evercore ISI upped their price target on shares of Northern Trust from $86.00 to $103.00 and gave the company an "in-line" rating in a report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $106.64.

Northern Trust Stock Performance

Shares of NASDAQ NTRS traded up $0.29 during midday trading on Friday, hitting $103.28. The company's stock had a trading volume of 900,079 shares, compared to its average volume of 918,089. 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 1-year low of $76.67 and a 1-year high of $111.87. The firm's fifty day moving average price is $105.59 and its 200-day moving average price is $94.33. The firm has a market cap of $20.47 billion, a P/E ratio of 12.85, a P/E/G ratio of 1.18 and a beta of 1.07.

Northern Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 1st. Investors of record on Friday, December 6th were paid a dividend of $0.75 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $3.00 dividend on an annualized basis and a yield of 2.90%. Northern Trust's payout ratio is currently 37.31%.

Northern Trust 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.