Northern Trust Co. (NASDAQ:NTRS) Shares Sold by Garland Capital Management Inc.

Garland Capital Management Inc. decreased its holdings in shares of Northern Trust Co. (NASDAQ:NTRS - Free Report) by 14.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 39,405 shares of the asset manager's stock after selling 6,495 shares during the quarter. Northern Trust comprises about 2.7% of Garland Capital Management Inc.'s investment portfolio, making the stock its 22nd largest position. Garland Capital Management Inc.'s holdings in Northern Trust were worth $3,548,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Allworth Financial LP raised its stake in Northern Trust by 9.1% during the third quarter. Allworth Financial LP now owns 1,170 shares of the asset manager's stock valued at $105,000 after purchasing an additional 98 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its stake in shares of Northern Trust by 14.5% in the third quarter. Massmutual Trust Co. FSB ADV now owns 922 shares of the asset manager's stock valued at $83,000 after acquiring an additional 117 shares during the period. DekaBank Deutsche Girozentrale raised its stake in shares of Northern Trust by 0.3% in the second quarter. DekaBank Deutsche Girozentrale now owns 43,713 shares of the asset manager's stock valued at $3,608,000 after acquiring an additional 120 shares during the period. Allspring Global Investments Holdings LLC raised its stake in shares of Northern Trust by 1.3% in the second quarter. Allspring Global Investments Holdings LLC now owns 10,584 shares of the asset manager's stock valued at $889,000 after acquiring an additional 131 shares during the period. Finally, Koshinski Asset Management Inc. raised its stake in shares of Northern Trust by 2.4% in the third quarter. Koshinski Asset Management Inc. now owns 6,488 shares of the asset manager's stock valued at $584,000 after acquiring an additional 153 shares during the period. Hedge funds and other institutional investors own 83.19% of the company's stock.

Northern Trust Stock Up 1.1 %

Shares of Northern Trust stock traded up $1.11 on Tuesday, reaching $101.35. The stock had a trading volume of 752,838 shares, compared to its average volume of 1,303,626. The company has a 50 day moving average price of $92.73 and a 200 day moving average price of $87.51. 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 Co. has a 1 year low of $68.97 and a 1 year high of $104.25. The stock has a market capitalization of $20.09 billion, a P/E ratio of 12.62, a P/E/G ratio of 1.17 and a beta of 1.06.

Northern Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Friday, December 6th will be given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date is Friday, December 6th. Northern Trust's payout ratio is currently 37.31%.

Insider Transactions at Northern Trust

In other news, Director Charles A. Tribbett sold 1,855 shares of Northern Trust stock in a transaction that occurred 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 owns 1,000 shares of the company's stock, valued at $88,120. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Charles A. Tribbett sold 1,855 shares of Northern Trust stock in a transaction that occurred 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 completion of the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Teresa Parker sold 5,883 shares of Northern Trust stock in a transaction that occurred on Friday, August 9th. The stock was 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 owns 83,765 shares of the company's stock, valued at $7,041,285.90. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 65,636 shares of company stock valued at $6,443,204 in the last 90 days. Insiders own 0.64% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Evercore ISI increased their target price on shares of Northern Trust from $86.00 to $103.00 and gave the company an "in-line" rating in a research note on Thursday, October 24th. Barclays increased their target price on shares of Northern Trust from $98.00 to $115.00 and gave the company an "equal weight" rating in a research note on Thursday, October 24th. Bank of America increased their target price on shares of Northern Trust from $103.00 to $115.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Northern Trust from $84.00 to $94.00 and gave the stock a "hold" rating in a report on Monday, September 23rd. Finally, Royal Bank of Canada upped their price target on shares of Northern Trust from $100.00 to $107.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Northern Trust currently has an average rating of "Hold" and a consensus price target of $99.33.

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.