Speece Thorson Capital Group Inc. Sells 39,952 Shares of Northern Trust Co. (NASDAQ:NTRS)

Speece Thorson Capital Group Inc. trimmed its stake in Northern Trust Co. (NASDAQ:NTRS - Free Report) by 24.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 121,843 shares of the asset manager's stock after selling 39,952 shares during the period. Speece Thorson Capital Group Inc. owned approximately 0.06% of Northern Trust worth $10,970,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of NTRS. Olistico Wealth LLC acquired a new stake in shares of Northern Trust in the 2nd quarter worth $25,000. Innealta Capital LLC purchased a new position in Northern Trust during the 2nd quarter valued at about $26,000. Ridgewood Investments LLC purchased a new position in Northern Trust during the 2nd quarter valued at about $30,000. Northwest Investment Counselors LLC purchased a new position in Northern Trust during the 3rd quarter valued at about $39,000. Finally, Versant Capital Management Inc grew its holdings in shares of Northern Trust by 343.9% during the second quarter. Versant Capital Management Inc now owns 435 shares of the asset manager's stock worth $37,000 after buying an additional 337 shares in the last quarter. 83.19% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on NTRS shares. UBS Group lifted their price target on shares of Northern Trust from $86.00 to $92.00 and gave the stock a "neutral" rating in a report on Tuesday, October 8th. Morgan Stanley lifted their price target on shares of Northern Trust from $97.00 to $103.00 and gave the company an "underweight" rating in a research report on Thursday, October 24th. Royal Bank of Canada lifted their price target on shares of Northern Trust from $100.00 to $107.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. The Goldman Sachs Group cut shares of Northern Trust from a "neutral" rating to a "sell" rating and reduced their target price for the stock from $84.00 to $82.00 in a research report on Thursday, September 26th. Finally, Wells Fargo & Company upped their target price on shares of Northern Trust from $92.00 to $108.00 and gave the company an "equal weight" rating in a research note on Thursday, October 24th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $100.50.

Northern Trust Price Performance

Northern Trust stock traded down $0.11 during trading hours on Wednesday, hitting $106.84. 1,191,046 shares of the company traded hands, compared to its average volume of 1,301,215. The firm has a market cap of $21.18 billion, a P/E ratio of 13.30, a P/E/G ratio of 1.24 and a beta of 1.06. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.58. The firm's 50-day simple moving average is $94.59 and its two-hundred day simple moving average is $88.44. Northern Trust Co. has a 1-year low of $72.28 and a 1-year high of $108.53.

Northern Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Friday, December 6th will be given a dividend of $0.75 per share. The ex-dividend date is Friday, December 6th. This represents a $3.00 annualized dividend and a dividend yield of 2.81%. Northern Trust's dividend payout ratio (DPR) is 37.31%.

Insiders Place Their Bets

In related news, Director Charles A. Tribbett sold 1,855 shares of the firm'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 directly owns 1,000 shares in the company, valued at approximately $88,120. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, Director Charles A. Tribbett sold 1,855 shares of the firm'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 transaction, the director now owns 1,000 shares of the company's stock, valued at approximately $88,120. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mark C. Gossett sold 6,000 shares of Northern Trust stock in a transaction that occurred on Tuesday, August 27th. The shares were 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 directly owns 28,707 shares in the company, valued at approximately $2,552,052.30. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 80,906 shares of company stock worth $8,176,652 over the last ninety days. 0.64% of the stock is currently owned by company insiders.

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.