Northern Trust Co. (NASDAQ:NTRS) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC reduced its stake in shares of Northern Trust Co. (NASDAQ:NTRS - Free Report) by 37.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,924 shares of the asset manager's stock after selling 14,800 shares during the period. Nisa Investment Advisors LLC's holdings in Northern Trust were worth $2,263,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Olistico Wealth LLC purchased a new stake in shares of Northern Trust during the 2nd quarter valued at approximately $25,000. Innealta Capital LLC purchased a new stake in shares of Northern Trust during the 2nd quarter valued at approximately $26,000. Ridgewood Investments LLC purchased a new stake in shares of Northern Trust during the 2nd quarter valued at approximately $30,000. Versant Capital Management Inc raised its position in shares of Northern Trust by 343.9% during the 2nd quarter. Versant Capital Management Inc now owns 435 shares of the asset manager's stock valued at $37,000 after buying an additional 337 shares during the period. Finally, Northwest Investment Counselors LLC purchased a new stake in shares of Northern Trust during the 3rd quarter valued at approximately $39,000. 83.19% of the stock is currently owned by institutional investors and hedge funds.

Northern Trust Stock Down 0.6 %

Shares of NTRS stock traded down $0.59 on Friday, reaching $99.93. 1,072,070 shares of the stock were exchanged, compared to its average volume of 1,289,943. 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 business's 50 day moving average price is $92.51 and its 200 day moving average price is $87.38. The company has a market capitalization of $19.81 billion, a price-to-earnings ratio of 12.43, a PEG ratio of 1.17 and a beta of 1.06. Northern Trust Co. has a twelve month low of $67.46 and a twelve month high of $104.25.

Northern Trust Announces Dividend

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

Insider Buying and Selling

In related news, EVP Teresa Parker sold 5,883 shares of the business's 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 transaction, the executive vice president now owns 83,765 shares in the company, valued at approximately $7,041,285.90. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Northern Trust news, EVP Teresa Parker sold 5,883 shares of the company's stock in a transaction on Friday, August 9th. The shares were sold at an average price of $84.06, for a total value of $494,524.98. Following the completion of the transaction, the executive vice president now owns 83,765 shares in the company, valued at $7,041,285.90. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Vice Chairman Steven L. Fradkin sold 27,874 shares of the company's stock in a transaction on Friday, October 25th. The shares were sold at an average price of $100.50, for a total transaction of $2,801,337.00. Following the completion of the transaction, the insider now owns 46,078 shares of the company's stock, valued at $4,630,839. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 65,636 shares of company stock worth $6,443,204. Corporate insiders own 0.64% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on NTRS. The Goldman Sachs Group lowered shares of Northern Trust from a "neutral" rating to a "sell" rating and reduced their price target for the company from $84.00 to $82.00 in a research report on Thursday, September 26th. Evercore ISI boosted their target price on Northern Trust from $86.00 to $103.00 and gave the company an "in-line" rating in a research report on Thursday, October 24th. Royal Bank of Canada boosted their target price on Northern Trust from $100.00 to $107.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. Bank of America boosted their target price on Northern Trust from $103.00 to $115.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. Finally, Barclays boosted their target price on Northern Trust from $98.00 to $115.00 and gave the company an "equal weight" rating in a research report on Thursday, October 24th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $99.33.

Northern Trust Company 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.