Northern Trust Co. (NASDAQ:NTRS) Shares Sold by Toronto Dominion Bank

Toronto Dominion Bank lowered its position in Northern Trust Co. (NASDAQ:NTRS - Free Report) by 32.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 68,145 shares of the asset manager's stock after selling 33,065 shares during the quarter. Toronto Dominion Bank's holdings in Northern Trust were worth $6,135,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Coldstream Capital Management Inc. grew its holdings in shares of Northern Trust by 22.9% during the 3rd quarter. Coldstream Capital Management Inc. now owns 6,212 shares of the asset manager's stock worth $571,000 after purchasing an additional 1,157 shares during the period. LRI Investments LLC purchased a new position in Northern Trust during the third quarter worth about $180,000. Harvest Investment Advisors LLC increased its position in shares of Northern Trust by 2.9% during the third quarter. Harvest Investment Advisors LLC now owns 16,986 shares of the asset manager's stock valued at $1,529,000 after acquiring an additional 475 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of Northern Trust by 1.3% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 78,137 shares of the asset manager's stock valued at $7,035,000 after acquiring an additional 1,015 shares during the period. Finally, Groupama Asset Managment raised its stake in shares of Northern Trust by 113.6% in the 3rd quarter. Groupama Asset Managment now owns 7,186 shares of the asset manager's stock valued at $647,000 after acquiring an additional 3,822 shares during the period. 83.19% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Northern Trust news, COO Peter Cherecwich sold 16,153 shares of Northern Trust stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $105.18, for a total transaction of $1,698,972.54. Following the transaction, the chief operating officer now owns 4,397 shares of the company's stock, valued at $462,476.46. The trade was a 78.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Vice Chairman Steven L. Fradkin sold 9,100 shares of the business's stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $111.00, for a total value of $1,010,100.00. Following the completion of the sale, the insider now owns 47,797 shares of the company's stock, valued at approximately $5,305,467. This represents a 15.99 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 82,151 shares of company stock worth $8,489,889 over the last 90 days. 0.64% of the stock is owned by insiders.

Northern Trust Stock Down 0.4 %

Shares of Northern Trust stock traded down $0.41 during trading on Friday, hitting $104.98. 1,990,708 shares of the stock were exchanged, compared to its average volume of 1,303,318. 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 firm's 50-day moving average price is $103.30 and its 200 day moving average price is $92.34. The stock has a market cap of $20.81 billion, a price-to-earnings ratio of 13.06, a price-to-earnings-growth ratio of 1.18 and a beta of 1.07. Northern Trust Co. has a 12-month low of $76.67 and a 12-month high of $111.87.

Northern Trust Dividend Announcement

The firm also recently announced 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. This represents a $3.00 annualized dividend and a dividend yield of 2.86%. The ex-dividend date is Friday, December 6th. Northern Trust's dividend payout ratio (DPR) is presently 37.31%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Royal Bank of Canada lifted their target price on shares of Northern Trust from $100.00 to $107.00 and gave the company an "outperform" rating in a report on Thursday, October 24th. Evercore ISI lifted their price objective on Northern Trust from $86.00 to $103.00 and gave the company an "in-line" rating in a research note on Thursday, October 24th. Deutsche Bank Aktiengesellschaft raised their target price on Northern Trust from $100.00 to $108.00 and gave the company a "hold" rating in a report on Monday, November 11th. Keefe, Bruyette & Woods boosted their price target on shares of Northern Trust from $100.00 to $113.00 and gave the stock a "market perform" rating in a research note on Tuesday, December 3rd. Finally, Wells Fargo & Company increased their price target on shares of Northern Trust from $108.00 to $110.00 and gave the stock an "equal weight" rating in a research report on Friday, November 15th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $105.00.

About Northern Trust

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.