Robeco Institutional Asset Management B.V. Purchases 148,584 Shares of Northern Trust Co. (NASDAQ:NTRS)

Robeco Institutional Asset Management B.V. lifted its holdings in Northern Trust Co. (NASDAQ:NTRS - Free Report) by 55.4% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 416,664 shares of the asset manager's stock after purchasing an additional 148,584 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.21% of Northern Trust worth $37,512,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Massachusetts Financial Services Co. MA lifted its position in Northern Trust by 13.0% in the second quarter. Massachusetts Financial Services Co. MA now owns 7,413,620 shares of the asset manager's stock worth $622,596,000 after purchasing an additional 850,556 shares during the period. Primecap Management Co. CA lifted its holdings in shares of Northern Trust by 3.9% in the second quarter. Primecap Management Co. CA now owns 7,046,757 shares of the asset manager's stock valued at $591,787,000 after buying an additional 261,285 shares during the period. Ariel Investments LLC boosted its stake in Northern Trust by 3.6% during the second quarter. Ariel Investments LLC now owns 2,644,205 shares of the asset manager's stock valued at $222,060,000 after buying an additional 91,816 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Northern Trust by 12.3% during the second quarter. Dimensional Fund Advisors LP now owns 2,003,675 shares of the asset manager's stock worth $168,253,000 after acquiring an additional 219,387 shares during the period. Finally, Thrivent Financial for Lutherans raised its position in Northern Trust by 2.0% in the second quarter. Thrivent Financial for Lutherans now owns 1,401,680 shares of the asset manager's stock worth $117,713,000 after acquiring an additional 26,984 shares in the last quarter. 83.19% of the stock is owned by institutional investors and hedge funds.

Northern Trust Stock Up 5.2 %

NTRS traded up $5.22 on Wednesday, reaching $106.57. 2,092,581 shares of the company traded hands, compared to its average volume of 1,291,892. Northern Trust Co. has a 52-week low of $68.97 and a 52-week high of $108.53. 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 company has a market cap of $21.12 billion, a price-to-earnings ratio of 13.25, a PEG ratio of 1.17 and a beta of 1.06. The stock's 50 day moving average price is $93.34 and its 200-day moving average price is $87.79.

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. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date of this dividend is Friday, December 6th. Northern Trust's dividend payout ratio (DPR) is presently 37.31%.

Insider Buying and Selling

In other news, Director Charles A. Tribbett sold 1,855 shares of Northern Trust stock in a transaction dated Friday, September 13th. The stock was 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 directly owns 1,000 shares in the company, valued at $88,120. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Charles A. Tribbett sold 1,855 shares of the firm'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 transaction, the director now owns 1,000 shares in the company, valued at approximately $88,120. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Mark C. Gossett sold 6,000 shares of the company's stock in a transaction on 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 sale, the executive vice president now owns 28,707 shares of the company's stock, valued at $2,552,052.30. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 65,636 shares of company stock worth $6,443,204. Corporate insiders own 0.64% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on NTRS. Evercore ISI lifted their price target on shares of Northern Trust from $86.00 to $103.00 and gave the stock an "in-line" rating in a research report on Thursday, October 24th. Bank of America boosted their target price on Northern Trust from $103.00 to $115.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. Royal Bank of Canada increased their price target on Northern Trust from $100.00 to $107.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. Morgan Stanley boosted their price objective on Northern Trust from $97.00 to $103.00 and gave the stock an "underweight" rating in a report on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Northern Trust from $84.00 to $94.00 and gave the stock a "hold" rating in a report on Monday, September 23rd. Three research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $99.33.

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.