19,449 Shares in Northern Trust Co. (NASDAQ:NTRS) Purchased by Sanctuary Advisors LLC

Sanctuary Advisors LLC purchased a new position in shares of Northern Trust Co. (NASDAQ:NTRS - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 19,449 shares of the asset manager's stock, valued at approximately $1,622,000.

Several other large investors have also bought and sold shares of NTRS. Olistico Wealth LLC bought a new stake in shares of Northern Trust in the 2nd quarter valued at $25,000. Innealta Capital LLC bought a new stake in shares of Northern Trust in the 2nd quarter valued at about $26,000. Spartan Planning & Wealth Management lifted its stake in Northern Trust by 10,566.7% in the 4th 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 last quarter. Ridgewood Investments LLC bought a new position in Northern Trust during the second quarter worth about $30,000. Finally, Versant Capital Management Inc increased its position in Northern Trust by 343.9% during the second quarter. Versant Capital Management Inc now owns 435 shares of the asset manager's stock worth $37,000 after buying an additional 337 shares during the last quarter. 83.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on NTRS. The Goldman Sachs Group cut Northern Trust from a "neutral" rating to a "sell" rating and dropped their price target for the company from $84.00 to $82.00 in a research note on Thursday, September 26th. Royal Bank of Canada increased their price target on shares of Northern Trust from $86.00 to $90.00 and gave the company an "outperform" rating in a report on Thursday, July 18th. Keefe, Bruyette & Woods decreased their target price on Northern Trust from $92.00 to $85.00 and set a "market perform" rating on the stock in a research report on Thursday, June 27th. Deutsche Bank Aktiengesellschaft increased their price objective on Northern Trust from $84.00 to $94.00 and gave the stock a "hold" rating in a research report on Monday, September 23rd. Finally, UBS Group upped their price target on shares of Northern Trust from $86.00 to $92.00 and gave the company a "neutral" rating in a research note on Tuesday. Three equities 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $90.42.

Northern Trust Trading Down 0.5 %

NASDAQ:NTRS traded down $0.44 during mid-day trading on Thursday, hitting $91.09. 1,162,536 shares of the company's stock were exchanged, compared to its average volume of 1,303,679. 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 Co. has a fifty-two week low of $62.44 and a fifty-two week high of $92.82. The company has a 50 day simple moving average of $88.19 and a 200-day simple moving average of $85.97. The firm has a market capitalization of $18.64 billion, a P/E ratio of 20.07, a PEG ratio of 1.53 and a beta of 1.08.

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

Northern Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Friday, September 6th were given a $0.75 dividend. The ex-dividend date was Friday, September 6th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.29%. Northern Trust's dividend payout ratio (DPR) is currently 66.23%.

Insider Transactions at Northern Trust

In related news, EVP Mark C. Gossett sold 6,000 shares of the firm'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 completion of the sale, the executive vice president now owns 28,707 shares of the company's stock, valued at $2,552,052.30. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, EVP Mark C. Gossett sold 6,000 shares of the company'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 transaction, the executive vice president now directly owns 28,707 shares of the company's stock, valued at approximately $2,552,052.30. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Charles A. Tribbett sold 1,855 shares of the company's stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $88.12, for a total value of $163,462.60. Following the transaction, the director now directly owns 1,000 shares in the company, valued at $88,120. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 13,738 shares of company stock worth $1,191,388 over the last three months. 0.64% of the stock is owned by company insiders.

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.