Quantinno Capital Management LP Grows Holdings in Northern Trust Co. (NASDAQ:NTRS)

Quantinno Capital Management LP grew its position in shares of Northern Trust Co. (NASDAQ:NTRS - Free Report) by 25.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,838 shares of the asset manager's stock after purchasing an additional 14,617 shares during the period. Quantinno Capital Management LP's holdings in Northern Trust were worth $6,468,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Royal London Asset Management Ltd. increased its position in shares of Northern Trust by 4.9% during the third quarter. Royal London Asset Management Ltd. now owns 83,214 shares of the asset manager's stock valued at $7,492,000 after buying an additional 3,857 shares during the period. NFJ Investment Group LLC bought a new position in shares of Northern Trust in the third quarter worth approximately $7,682,000. IHT Wealth Management LLC bought a new position in shares of Northern Trust in the third quarter worth approximately $297,000. Investment Management Corp of Ontario lifted its position in Northern Trust by 47.9% during the third quarter. Investment Management Corp of Ontario now owns 6,794 shares of the asset manager's stock valued at $612,000 after purchasing an additional 2,200 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC lifted its position in Northern Trust by 1.5% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 38,755 shares of the asset manager's stock valued at $3,489,000 after purchasing an additional 590 shares during the period. 83.19% of the stock is owned by institutional investors.

Insider Buying and Selling at Northern Trust

In other news, Director Charles A. Tribbett sold 1,855 shares of the business's 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 completion of the sale, the director now owns 1,000 shares in the company, valued at approximately $88,120. The trade was a 64.97 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Vice Chairman Steven L. Fradkin sold 27,874 shares of Northern Trust stock in a transaction on Friday, October 25th. The shares were sold at an average price of $100.50, for a total transaction of $2,801,337.00. Following the completion of the transaction, the insider now directly owns 46,078 shares in the company, valued at $4,630,839. The trade was a 37.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 84,006 shares of company stock worth $8,653,352 over the last three months. Insiders own 0.64% of the company's stock.

Northern Trust Price Performance

Shares of NASDAQ NTRS traded down $2.02 during mid-day trading on Friday, reaching $107.92. The company's stock had a trading volume of 1,633,159 shares, compared to its average volume of 1,075,329. The stock has a 50-day moving average of $101.57 and a two-hundred day moving average of $91.45. The stock has a market capitalization of $21.39 billion, a P/E ratio of 13.42, a P/E/G ratio of 1.22 and a beta of 1.07. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.71 and a current ratio of 0.71. Northern Trust Co. has a 1-year low of $76.67 and a 1-year high of $111.87.

Northern Trust Dividend Announcement

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

Analyst Ratings Changes

Several research analysts have weighed in on NTRS shares. Bank of America increased their price target on shares of Northern Trust from $103.00 to $115.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Northern Trust from $100.00 to $108.00 and gave the stock a "hold" rating in a research note on Monday, November 11th. Evercore ISI increased their price objective on shares of Northern Trust from $86.00 to $103.00 and gave the stock an "in-line" rating in a research note on Thursday, October 24th. Barclays increased their price objective on shares of Northern Trust from $98.00 to $115.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 24th. Finally, Wells Fargo & Company raised their target price 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 research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, Northern Trust currently has a consensus rating of "Hold" and a consensus price target of $103.00.

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.