ING Groep NV Has $915,000 Stock Holdings in Northern Trust Co. (NASDAQ:NTRS)

ING Groep NV reduced its stake in Northern Trust Co. (NASDAQ:NTRS - Free Report) by 59.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,163 shares of the asset manager's stock after selling 15,142 shares during the quarter. ING Groep NV's holdings in Northern Trust were worth $915,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in NTRS. Olistico Wealth LLC bought a new stake in Northern Trust in the 2nd quarter valued at $25,000. Innealta Capital LLC bought a new stake in Northern Trust during the 2nd quarter worth about $26,000. Ridgewood Investments LLC bought a new stake in Northern Trust during the 2nd quarter worth about $30,000. Versant Capital Management Inc lifted its position in Northern Trust by 343.9% during the 2nd quarter. Versant Capital Management Inc now owns 435 shares of the asset manager's stock worth $37,000 after buying an additional 337 shares in the last quarter. Finally, Northwest Investment Counselors LLC bought a new stake in Northern Trust during the 3rd quarter worth about $39,000. 83.19% of the stock is owned by institutional investors.

Insider Activity

In other news, COO Peter Cherecwich sold 16,153 shares of the firm's stock in a transaction 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 completion of the transaction, the chief operating officer now owns 4,397 shares of the company's stock, valued at approximately $462,476.46. This trade represents a 78.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Charles A. Tribbett sold 1,855 shares of the firm'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 transaction, the director now directly owns 1,000 shares of the company's stock, valued at $88,120. The trade was a 64.97 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 80,906 shares of company stock valued at $8,176,652. Insiders own 0.64% of the company's stock.

Northern Trust Price Performance

NASDAQ:NTRS traded up $1.65 on Monday, hitting $109.25. The company had a trading volume of 955,520 shares, compared to its average volume of 1,301,264. The stock has a market capitalization of $21.66 billion, a price-to-earnings ratio of 13.38, a PEG ratio of 1.21 and a beta of 1.06. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.58. The firm has a 50 day moving average of $95.68 and a two-hundred day moving average of $88.94. Northern Trust Co. has a 52 week low of $74.63 and a 52 week high of $109.54.

Northern Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Friday, December 6th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 2.75%. The ex-dividend date is Friday, December 6th. Northern Trust's payout ratio is currently 37.31%.

Analyst Ratings Changes

NTRS has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Northern Trust from $100.00 to $108.00 and gave the stock a "hold" rating in a research report on Monday, November 11th. UBS Group boosted their price target on shares of Northern Trust from $86.00 to $92.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 8th. Bank of America upped their target price on shares of Northern Trust from $103.00 to $115.00 and gave the company a "buy" rating in a report on Thursday, October 24th. Barclays upped 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. Finally, The Goldman Sachs Group cut shares of Northern Trust from a "neutral" rating to a "sell" rating and dropped their target price for the company from $84.00 to $82.00 in a report on Thursday, September 26th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, Northern Trust presently has an average rating of "Hold" and an average target price of $100.67.

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.