Boston Trust Walden Corp Has $82.33 Million Stake in Northern Trust Co. (NASDAQ:NTRS)

Boston Trust Walden Corp reduced its holdings in Northern Trust Co. (NASDAQ:NTRS - Free Report) by 7.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 914,492 shares of the asset manager's stock after selling 72,431 shares during the period. Boston Trust Walden Corp owned approximately 0.45% of Northern Trust worth $82,332,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Olistico Wealth LLC bought a new position in Northern Trust in the 2nd quarter worth approximately $25,000. Innealta Capital LLC bought a new position in Northern Trust in the 2nd quarter worth approximately $26,000. Ridgewood Investments LLC bought a new position in Northern Trust in the 2nd quarter worth approximately $30,000. Northwest Investment Counselors LLC bought a new position in Northern Trust in the 3rd quarter worth approximately $39,000. Finally, Versant Capital Management Inc increased 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 buying an additional 337 shares during the period. 83.19% of the stock is owned by institutional investors.

Northern Trust Price Performance

Northern Trust stock traded down $2.60 on Friday, reaching $100.19. The company's stock had a trading volume of 1,482,296 shares, compared to its average volume of 1,312,110. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.71 and a current ratio of 0.71. The company has a market cap of $20.50 billion, a price-to-earnings ratio of 22.12, a PEG ratio of 1.65 and a beta of 1.08. The business's fifty day moving average price is $91.10 and its 200 day moving average price is $86.73. Northern Trust Co. has a twelve month low of $63.43 and a twelve month high of $104.25.

Northern Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders of record on Friday, December 6th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date of this dividend is Friday, December 6th. Northern Trust's dividend payout ratio is currently 66.23%.

Insiders Place Their Bets

In other Northern Trust news, EVP Mark C. Gossett sold 6,000 shares of the business's stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $88.90, for a total value of $533,400.00. Following the transaction, the executive vice president now owns 28,707 shares of the company's stock, valued at approximately $2,552,052.30. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Mark C. Gossett sold 6,000 shares of the company's stock in a transaction 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 owns 28,707 shares of the company's stock, valued at $2,552,052.30. This represents 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. Also, Director Charles A. Tribbett sold 1,855 shares of the company's stock in a transaction on Friday, September 13th. The shares were 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. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,738 shares of company stock valued at $1,191,388. 0.64% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have commented on NTRS. Evercore ISI lifted their price target on Northern Trust from $86.00 to $103.00 and gave the stock an "in-line" rating in a research report on Thursday. Barclays boosted their price objective on Northern Trust from $98.00 to $115.00 and gave the company an "equal weight" rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft boosted their price objective on Northern Trust from $84.00 to $94.00 and gave the company a "hold" rating in a research report on Monday, September 23rd. The Goldman Sachs Group cut Northern Trust from a "neutral" rating to a "sell" rating and lowered their price objective for the company from $84.00 to $82.00 in a research report on Thursday, September 26th. Finally, Morgan Stanley boosted their price objective on Northern Trust from $97.00 to $103.00 and gave the company an "underweight" rating in a research report on Thursday. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, Northern Trust currently has a consensus rating of "Hold" and an average price target of $99.33.

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.