Thrivent Financial for Lutherans Has $119.91 Million Stock Holdings in Northern Trust Co. (NASDAQ:NTRS)

Thrivent Financial for Lutherans lowered its position in Northern Trust Co. (NASDAQ:NTRS - Free Report) by 5.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,331,883 shares of the asset manager's stock after selling 69,797 shares during the quarter. Thrivent Financial for Lutherans owned about 0.67% of Northern Trust worth $119,910,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Massachusetts Financial Services Co. MA raised its position in shares of Northern Trust by 13.0% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 7,413,620 shares of the asset manager's stock worth $622,596,000 after buying an additional 850,556 shares in the last quarter. Primecap Management Co. CA raised its holdings in Northern Trust by 3.9% during the second quarter. Primecap Management Co. CA now owns 7,046,757 shares of the asset manager's stock worth $591,787,000 after purchasing an additional 261,285 shares in the last quarter. Ariel Investments LLC lifted its position in Northern Trust by 3.6% in the second quarter. Ariel Investments LLC now owns 2,644,205 shares of the asset manager's stock worth $222,060,000 after purchasing an additional 91,816 shares during the period. Dimensional Fund Advisors LP boosted its stake in Northern Trust by 12.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,003,675 shares of the asset manager's stock valued at $168,253,000 after purchasing an additional 219,387 shares in the last quarter. Finally, AQR Capital Management LLC raised its stake in shares of Northern Trust by 55.1% in the 2nd quarter. AQR Capital Management LLC now owns 597,146 shares of the asset manager's stock worth $49,575,000 after buying an additional 212,089 shares in the last quarter. 83.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on NTRS. Deutsche Bank Aktiengesellschaft lifted their target price on Northern Trust from $100.00 to $108.00 and gave the stock a "hold" rating in a report on Monday, November 11th. Royal Bank of Canada raised their target price on shares of Northern Trust from $100.00 to $107.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. StockNews.com upgraded Northern Trust from a "hold" rating to a "buy" rating in a research report on Tuesday, November 12th. 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. Finally, Wells Fargo & Company lifted their price target on Northern Trust from $108.00 to $110.00 and gave the stock an "equal weight" rating in a research note on Friday. Three 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, Northern Trust presently has an average rating of "Hold" and a consensus price target of $100.67.

Northern Trust Stock Up 1.5 %

Shares of Northern Trust stock traded up $1.64 on Friday, hitting $107.60. 1,955,051 shares of the company traded hands, compared to its average volume of 1,313,533. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.58. Northern Trust Co. has a 12-month low of $73.98 and a 12-month high of $108.53. The company has a 50-day moving average price of $95.68 and a 200 day moving average price of $88.94. The company has a market cap of $21.33 billion, a PE ratio of 13.38, a PEG ratio of 1.21 and a beta of 1.06.

Northern Trust Announces Dividend

The firm 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 dividend of $0.75 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $3.00 annualized dividend and a dividend yield of 2.79%. 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 company'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 completion of the transaction, the director now directly owns 1,000 shares in the company, valued at $88,120. This represents a 64.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Thomas A. South sold 5,000 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $105.80, for a total transaction of $529,000.00. Following the completion of the sale, the executive vice president now owns 49,756 shares of the company's stock, valued at approximately $5,264,184.80. The trade was a 9.13 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 80,906 shares of company stock valued at $8,176,652 over the last three months. 0.64% of the stock is currently owned by 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.