Northern Trust Co. (NASDAQ:NTRS) Shares Sold by Glenmede Trust Co. NA

Glenmede Trust Co. NA trimmed its position in Northern Trust Co. (NASDAQ:NTRS - Free Report) by 4.7% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 146,440 shares of the asset manager's stock after selling 7,266 shares during the period. Glenmede Trust Co. NA owned about 0.07% of Northern Trust worth $13,184,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Allworth Financial LP grew its position in Northern Trust by 9.1% in the 3rd quarter. Allworth Financial LP now owns 1,170 shares of the asset manager's stock worth $105,000 after purchasing an additional 98 shares in the last quarter. Massmutual Trust Co. FSB ADV boosted its stake in 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 last quarter. DekaBank Deutsche Girozentrale boosted its stake in 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 last quarter. Mesirow Financial Investment Management Inc. boosted its stake in Northern Trust by 0.4% in the third quarter. Mesirow Financial Investment Management Inc. now owns 35,673 shares of the asset manager's stock valued at $3,212,000 after acquiring an additional 127 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in 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 last quarter. 83.19% of the stock is owned by institutional investors.

Northern Trust Stock Up 0.5 %

NASDAQ:NTRS traded up $0.57 on Friday, reaching $111.16. 621,275 shares of the stock traded hands, compared to its average volume of 1,293,595. The company has a market capitalization of $22.03 billion, a price-to-earnings ratio of 13.75, a PEG ratio of 1.24 and a beta of 1.06. 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 12 month low of $76.67 and a 12 month high of $111.87. The company's fifty day simple moving average is $99.35 and its 200 day simple moving average is $90.41.

Northern Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Friday, December 6th will be paid a $0.75 dividend. 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 2.70%. Northern Trust's dividend payout ratio is presently 37.31%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Evercore ISI boosted 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 boosted 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. StockNews.com cut shares of Northern Trust from a "buy" rating to a "hold" rating in a research note on Wednesday. Royal Bank of Canada upped their price target on shares of Northern Trust from $100.00 to $107.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. Finally, Wells Fargo & Company upped their price target on shares of Northern Trust from $108.00 to $110.00 and gave the company an "equal weight" rating in a research note on Friday, November 15th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Northern Trust presently has a consensus rating of "Hold" and a consensus price target of $100.67.

Insider Transactions at Northern Trust

In related news, EVP Thomas A. South sold 5,000 shares of the company's stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $105.80, for a total transaction of $529,000.00. Following the sale, the executive vice president now owns 49,756 shares of the company's stock, valued at $5,264,184.80. This represents a 9.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 transaction of $163,462.60. Following the sale, the director now directly owns 1,000 shares in the company, valued at approximately $88,120. The trade was a 64.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 74,906 shares of company stock worth $7,643,252 over the last three months. 0.64% of the stock is currently 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.