Diversified Trust Co Trims Holdings in Northern Trust Co. (NASDAQ:NTRS)

Diversified Trust Co decreased its position in shares of Northern Trust Co. (NASDAQ:NTRS - Free Report) by 22.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,338 shares of the asset manager's stock after selling 5,604 shares during the quarter. Diversified Trust Co's holdings in Northern Trust were worth $1,741,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in NTRS. Olistico Wealth LLC purchased a new position in Northern Trust in the 2nd quarter worth about $25,000. Innealta Capital LLC purchased a new position in shares of Northern Trust during the second quarter valued at approximately $26,000. Spartan Planning & Wealth Management lifted its position in Northern Trust by 10,566.7% during the fourth quarter. Spartan Planning & Wealth Management now owns 320 shares of the asset manager's stock valued at $27,000 after purchasing an additional 317 shares during the period. Ridgewood Investments LLC purchased a new stake in Northern Trust in the second quarter worth approximately $30,000. Finally, Versant Capital Management Inc grew its position in Northern Trust by 343.9% in the 2nd quarter. Versant Capital Management Inc now owns 435 shares of the asset manager's stock worth $37,000 after purchasing an additional 337 shares during the period. Institutional investors own 83.19% of the company's stock.

Wall Street Analyst Weigh In

NTRS has been the topic of several research analyst reports. Morgan Stanley increased their price target on Northern Trust from $93.00 to $97.00 and gave the company an "underweight" rating in a report on Monday, September 30th. UBS Group lifted their price target on shares of Northern Trust from $86.00 to $92.00 and gave the stock a "neutral" rating in a research note on Tuesday. The Goldman Sachs Group lowered Northern Trust from a "neutral" rating to a "sell" rating and reduced their price objective for the stock from $84.00 to $82.00 in a research note on Thursday, September 26th. Royal Bank of Canada lifted their target price on Northern Trust from $86.00 to $90.00 and gave the company an "outperform" rating in a research report on Thursday, July 18th. Finally, Keefe, Bruyette & Woods cut their price target on Northern Trust from $92.00 to $85.00 and set a "market perform" rating for the company in a report on Thursday, June 27th. Three 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. According to data from MarketBeat, Northern Trust currently has an average rating of "Hold" and an average price target of $90.42.

Insider Buying and Selling at Northern Trust

In other Northern Trust news, EVP Mark C. Gossett sold 6,000 shares of the business's stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $88.90, for a total transaction of $533,400.00. Following the sale, the executive vice president now directly owns 28,707 shares of the company's stock, valued at $2,552,052.30. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Northern Trust news, EVP Mark C. Gossett sold 6,000 shares of Northern Trust stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $88.90, for a total transaction of $533,400.00. Following the completion of the transaction, the executive vice president now directly owns 28,707 shares of the company's stock, valued at $2,552,052.30. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Teresa Parker sold 5,883 shares of the stock in a transaction on Friday, August 9th. The shares were sold at an average price of $84.06, for a total transaction of $494,524.98. Following the completion of the sale, the executive vice president now directly owns 83,765 shares in the company, valued at approximately $7,041,285.90. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,738 shares of company stock worth $1,191,388 over the last 90 days. 0.64% of the stock is owned by insiders.

Northern Trust Price Performance

NTRS stock traded up $0.47 during mid-day trading on Wednesday, hitting $91.53. The company had a trading volume of 1,078,682 shares, compared to its average volume of 1,304,403. The company has a 50-day moving average price of $88.13 and a 200 day moving average price of $85.93. Northern Trust Co. has a 12-month low of $62.44 and a 12-month high of $92.82. The company has a market capitalization of $18.73 billion, a price-to-earnings ratio of 20.10, a P/E/G ratio of 1.53 and a beta of 1.08. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.58.

Northern Trust (NASDAQ:NTRS - Get Free Report) last announced its quarterly earnings results on Wednesday, July 17th. The asset manager reported $1.78 EPS for the quarter, beating analysts' consensus estimates of $1.75 by $0.03. The company had revenue of $2.72 billion during the quarter, compared to analyst estimates of $1.84 billion. Northern Trust had a return on equity of 12.24% and a net margin of 10.53%. The firm's revenue was up 53.8% on a year-over-year basis. During the same period in the prior year, the company earned $1.79 earnings per share. On average, research analysts anticipate that Northern Trust Co. will post 7.01 earnings per share for the current year.

Northern Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, September 6th were paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date was Friday, September 6th. Northern Trust's payout ratio is 66.23%.

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.