Northern Trust Co. (NASDAQ:NTRS) Shares Purchased by National Pension Service

National Pension Service boosted its position in Northern Trust Co. (NASDAQ:NTRS - Free Report) by 7.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 363,352 shares of the asset manager's stock after purchasing an additional 24,821 shares during the period. National Pension Service owned approximately 0.18% of Northern Trust worth $32,713,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Northern Trust by 11.3% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 68,574 shares of the asset manager's stock worth $5,886,000 after acquiring an additional 6,978 shares during the period. Nordea Investment Management AB grew its position in shares of Northern Trust by 3.7% during the 1st quarter. Nordea Investment Management AB now owns 14,104 shares of the asset manager's stock worth $1,253,000 after buying an additional 505 shares in the last quarter. GSA Capital Partners LLP purchased a new position in shares of Northern Trust during the first quarter valued at $679,000. Empirical Finance LLC raised its holdings in shares of Northern Trust by 3.5% in the first quarter. Empirical Finance LLC now owns 7,502 shares of the asset manager's stock valued at $667,000 after acquiring an additional 256 shares in the last quarter. Finally, Empowered Funds LLC grew its holdings in Northern Trust by 103.6% during the 1st quarter. Empowered Funds LLC now owns 4,987 shares of the asset manager's stock worth $443,000 after acquiring an additional 2,537 shares in the last quarter. Hedge funds and other institutional investors own 83.19% of the company's stock.

Insider Buying and Selling at Northern Trust

In other news, Vice Chairman Steven L. Fradkin sold 27,874 shares of the firm's stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $100.50, for a total transaction of $2,801,337.00. Following the sale, the insider now directly owns 46,078 shares in the company, valued at $4,630,839. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Vice Chairman Steven L. Fradkin sold 27,874 shares of the business's stock in a transaction on Friday, October 25th. The shares were sold at an average price of $100.50, for a total value of $2,801,337.00. Following the completion of the sale, the insider now owns 46,078 shares of the company's stock, valued at approximately $4,630,839. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Teresa Parker sold 4,439 shares of the stock in a transaction on Friday, October 25th. The shares were sold at an average price of $100.86, for a total transaction of $447,717.54. Following the transaction, the insider now directly owns 79,326 shares in the company, valued at approximately $8,000,820.36. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 75,906 shares of company stock valued at $7,647,652. Corporate insiders own 0.64% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on NTRS shares. Wells Fargo & Company boosted their price target on Northern Trust from $92.00 to $108.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 24th. The Goldman Sachs Group downgraded Northern Trust from a "neutral" rating to a "sell" rating and reduced their price target for the stock from $84.00 to $82.00 in a research report on Thursday, September 26th. Deutsche Bank Aktiengesellschaft raised 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. Morgan Stanley upped their target price on Northern Trust from $97.00 to $103.00 and gave the company an "underweight" rating in a research report on Thursday, October 24th. Finally, Bank of America boosted their price target on Northern Trust from $103.00 to $115.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $99.33.

Northern Trust Stock Performance

Shares of NTRS stock traded down $0.05 on Friday, hitting $105.20. The company had a trading volume of 444,287 shares, compared to its average volume of 1,302,420. Northern Trust Co. has a twelve month low of $68.97 and a twelve month high of $108.53. The firm has a market cap of $20.85 billion, a P/E ratio of 13.09, a price-to-earnings-growth ratio of 1.17 and a beta of 1.06. The company has a 50-day moving average price of $93.34 and a 200-day moving average price of $87.79. 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 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Investors of record on Friday, December 6th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $3.00 annualized dividend and a yield of 2.85%. Northern Trust's dividend payout ratio is presently 37.31%.

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.