Northern Trust Co. (NASDAQ:NTRS) Shares Sold by Nuance Investments LLC

Nuance Investments LLC cut its holdings in Northern Trust Co. (NASDAQ:NTRS - Free Report) by 19.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,826,920 shares of the asset manager's stock after selling 455,286 shares during the period. Northern Trust comprises about 5.5% of Nuance Investments LLC's holdings, making the stock its 4th largest position. Nuance Investments LLC owned about 0.92% of Northern Trust worth $164,477,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in NTRS. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of Northern Trust by 4.3% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 119,389 shares of the asset manager's stock valued at $10,610,000 after acquiring an additional 4,955 shares in the last quarter. Acadian Asset Management LLC grew its holdings in shares of Northern Trust by 4,646.7% during the first quarter. Acadian Asset Management LLC now owns 29,097 shares of the asset manager's stock valued at $2,585,000 after purchasing an additional 28,484 shares during the last quarter. O Shaughnessy Asset Management LLC grew its position in shares of Northern Trust by 30.9% during the first quarter. O Shaughnessy Asset Management LLC now owns 3,146 shares of the asset manager's stock worth $280,000 after acquiring an additional 743 shares during the last quarter. UniSuper Management Pty Ltd grew its holdings in Northern Trust by 518.7% in the 1st quarter. UniSuper Management Pty Ltd now owns 13,778 shares of the asset manager's stock worth $1,225,000 after buying an additional 11,551 shares in the last quarter. Finally, Bessemer Group Inc. grew its holdings in Northern Trust by 668.0% in the 1st quarter. Bessemer Group Inc. now owns 20,205 shares of the asset manager's stock worth $1,797,000 after buying an additional 17,574 shares in the last quarter. 83.19% of the stock is currently owned by hedge funds and other institutional investors.

Northern Trust Stock Performance

Shares of Northern Trust stock traded up $0.04 on Wednesday, reaching $107.88. 761,480 shares of the company traded hands, compared to its average volume of 1,299,355. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.71 and a quick ratio of 0.71. The firm has a market capitalization of $21.38 billion, a PE ratio of 13.41, a PEG ratio of 1.21 and a beta of 1.06. Northern Trust Co. has a 52 week low of $75.26 and a 52 week high of $109.54. The company has a 50 day moving average of $96.49 and a 200 day moving average of $89.29.

Northern Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders of record on Friday, December 6th will be issued a $0.75 dividend. The ex-dividend date is Friday, December 6th. This represents a $3.00 annualized dividend and a dividend yield of 2.78%. Northern Trust's payout ratio is currently 37.31%.

Analyst Ratings Changes

Several research firms have recently weighed in on NTRS. StockNews.com upgraded shares of Northern Trust from a "hold" rating to a "buy" rating in a research report on Tuesday, November 12th. Morgan Stanley boosted their target price on Northern Trust from $97.00 to $103.00 and gave the stock an "underweight" rating in a report on Thursday, October 24th. UBS Group upped their price target on Northern Trust from $86.00 to $92.00 and gave the stock a "neutral" rating in a report on Tuesday, October 8th. The Goldman Sachs Group lowered Northern Trust from a "neutral" rating to a "sell" rating and lowered their price target for the company from $84.00 to $82.00 in a research note on Thursday, September 26th. Finally, Barclays upped 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. Three analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Northern Trust presently has a consensus rating of "Hold" and an average target price of $100.67.

Insider Buying and Selling

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 stock was 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 $88,120. The trade was a 64.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Mark C. Gossett sold 6,000 shares of the company's stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $88.90, for a total transaction of $533,400.00. Following the completion of the transaction, the executive vice president now owns 28,707 shares in the company, valued at approximately $2,552,052.30. The trade was a 17.29 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 80,906 shares of company stock worth $8,176,652. Corporate insiders own 0.64% of the company's stock.

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.