Wellington Management Group LLP Decreases Holdings in Northern Trust Co. (NASDAQ:NTRS)

Wellington Management Group LLP cut its stake in Northern Trust Co. (NASDAQ:NTRS - Free Report) by 23.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,492,809 shares of the asset manager's stock after selling 756,775 shares during the period. Wellington Management Group LLP owned 1.26% of Northern Trust worth $224,428,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in NTRS. CWM LLC boosted its holdings in Northern Trust by 45.7% in the second quarter. CWM LLC now owns 9,663 shares of the asset manager's stock valued at $812,000 after acquiring an additional 3,032 shares during the last quarter. Czech National Bank boosted its holdings in Northern Trust by 8.0% in the second quarter. Czech National Bank now owns 38,987 shares of the asset manager's stock valued at $3,274,000 after acquiring an additional 2,895 shares during the last quarter. Sequoia Financial Advisors LLC boosted its holdings in Northern Trust by 0.8% in the second quarter. Sequoia Financial Advisors LLC now owns 31,068 shares of the asset manager's stock valued at $2,609,000 after acquiring an additional 255 shares during the last quarter. M&G Plc acquired a new position in Northern Trust in the second quarter valued at approximately $971,000. Finally, Diversified Trust Co lifted its stake in Northern Trust by 47.5% in the second quarter. Diversified Trust Co now owns 24,942 shares of the asset manager's stock valued at $2,095,000 after buying an additional 8,028 shares during the period. 83.19% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on NTRS shares. Evercore ISI boosted their price target on Northern Trust from $86.00 to $103.00 and gave the company an "in-line" rating in a research note on Thursday, October 24th. Wells Fargo & Company boosted their price target on Northern Trust from $108.00 to $110.00 and gave the company an "equal weight" rating in a research note on Friday, November 15th. StockNews.com lowered Northern Trust from a "buy" rating to a "hold" rating in a research note on Wednesday, November 27th. Bank of America boosted their price target on Northern Trust from $103.00 to $115.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Northern Trust from $100.00 to $108.00 and gave the stock a "hold" rating in a research report on Monday, November 11th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $105.00.

Northern Trust Stock Performance

Shares of NTRS stock traded up $0.68 on Monday, hitting $108.60. 1,594,261 shares of the stock were exchanged, compared to its average volume of 1,295,274. The firm's 50 day moving average is $101.95 and its two-hundred day moving average is $91.68. The firm has a market capitalization of $21.53 billion, a PE ratio of 13.51, a P/E/G ratio of 1.21 and a beta of 1.07. 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 one year low of $76.67 and a one year high of $111.87.

Northern Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Investors of record on Friday, December 6th will be issued a dividend of $0.75 per share. The ex-dividend date is Friday, December 6th. This represents a $3.00 dividend on an annualized basis and a yield of 2.76%. Northern Trust's dividend payout ratio (DPR) is 37.31%.

Insider Buying and Selling

In other Northern Trust news, Vice Chairman Steven L. Fradkin sold 9,100 shares of the firm's stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $111.00, for a total value of $1,010,100.00. Following the sale, the insider now owns 47,797 shares of the company's stock, valued at $5,305,467. This trade represents a 15.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Charles A. Tribbett sold 1,855 shares of the firm's stock in a transaction dated 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 directly owns 1,000 shares in the company, valued at approximately $88,120. This represents a 64.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 84,006 shares of company stock valued at $8,653,352. Corporate insiders own 0.64% of the company's stock.

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.