Qsemble Capital Management LP Buys New Stake in Northern Trust Co. (NASDAQ:NTRS)

Qsemble Capital Management LP acquired a new stake in shares of Northern Trust Co. (NASDAQ:NTRS - Free Report) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 10,215 shares of the asset manager's stock, valued at approximately $920,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bank of Montreal Can boosted its position in Northern Trust by 34.9% during the 3rd quarter. Bank of Montreal Can now owns 283,690 shares of the asset manager's stock worth $25,552,000 after acquiring an additional 73,327 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in Northern Trust during the third quarter valued at about $1,424,000. Daiwa Securities Group Inc. boosted its stake in Northern Trust by 11.1% during the third quarter. Daiwa Securities Group Inc. now owns 24,668 shares of the asset manager's stock worth $2,221,000 after buying an additional 2,474 shares in the last quarter. Pitcairn Co. raised its position in Northern Trust by 122.4% in the third quarter. Pitcairn Co. now owns 15,951 shares of the asset manager's stock worth $1,436,000 after purchasing an additional 8,780 shares in the last quarter. Finally, Cerity Partners LLC lifted its position in shares of Northern Trust by 5.2% during the 3rd quarter. Cerity Partners LLC now owns 100,675 shares of the asset manager's stock worth $9,064,000 after buying an additional 4,989 shares during the period. 83.19% of the stock is owned by institutional investors.

Northern Trust Price Performance

NASDAQ:NTRS traded down $0.16 during trading hours on Wednesday, reaching $110.59. The stock had a trading volume of 592,534 shares, compared to its average volume of 1,296,518. The company has a 50 day moving average price of $98.99 and a two-hundred day moving average price of $90.27. Northern Trust Co. has a 52 week low of $75.70 and a 52 week high of $111.57. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.71 and a current ratio of 0.71. The stock has a market capitalization of $21.92 billion, a PE ratio of 13.75, a PEG ratio of 1.24 and a beta of 1.06.

Northern Trust Announces Dividend

The company also recently announced 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. This represents a $3.00 annualized dividend and a dividend yield of 2.71%. The ex-dividend date of this dividend is Friday, December 6th. Northern Trust's dividend payout ratio is 37.31%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on NTRS. StockNews.com upgraded Northern Trust from a "hold" rating to a "buy" rating in a research note on Tuesday, November 12th. 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. Bank of America raised their target price on shares of Northern Trust from $103.00 to $115.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Royal Bank of Canada increased their price objective on shares of Northern Trust from $100.00 to $107.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. Finally, UBS Group lifted their target price on Northern Trust from $86.00 to $92.00 and gave the stock a "neutral" rating in a research note on Tuesday, October 8th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $100.67.

Insider Activity 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 transaction of $163,462.60. Following the sale, the director now owns 1,000 shares of the company's stock, valued at approximately $88,120. The trade was a 64.97 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Peter Cherecwich sold 16,153 shares of the business's stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $105.18, for a total value of $1,698,972.54. Following the completion of the sale, the chief operating officer now directly owns 4,397 shares in the company, valued at approximately $462,476.46. The trade was a 78.60 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 74,906 shares of company stock valued at $7,643,252 over the last ninety days. 0.64% of the stock is 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.