7,413 Shares in Northern Trust Co. (NASDAQ:NTRS) Purchased by Virtu Financial LLC

Virtu Financial LLC acquired a new stake in shares of Northern Trust Co. (NASDAQ:NTRS - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 7,413 shares of the asset manager's stock, valued at approximately $667,000.

Other institutional investors also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC raised its position in Northern Trust by 13.4% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 14,588 shares of the asset manager's stock worth $1,225,000 after buying an additional 1,727 shares during the last quarter. Blue Trust Inc. lifted its position in Northern Trust by 28.1% during the second quarter. Blue Trust Inc. now owns 1,204 shares of the asset manager's stock valued at $107,000 after purchasing an additional 264 shares during the period. Neo Ivy Capital Management purchased a new stake in Northern Trust in the second quarter worth approximately $2,800,000. Pallas Capital Advisors LLC boosted its holdings in Northern Trust by 98.0% in the second quarter. Pallas Capital Advisors LLC now owns 4,947 shares of the asset manager's stock worth $427,000 after purchasing an additional 2,449 shares during the last quarter. Finally, &PARTNERS bought a new stake in Northern Trust in the 2nd quarter worth approximately $265,000. 83.19% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NTRS has been the topic of a number of research reports. Barclays raised their price target on Northern Trust from $98.00 to $115.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 24th. Evercore ISI upped 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. Wells Fargo & Company lifted their target price on Northern Trust from $108.00 to $110.00 and gave the company an "equal weight" rating in a research note on Friday, November 15th. Royal Bank of Canada upped their target price on shares of Northern Trust from $100.00 to $107.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. Finally, Bank of America raised their price target on Northern Trust from $103.00 to $115.00 and gave the company a "buy" rating in a report on Thursday, October 24th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $105.00.

Northern Trust Trading Down 0.4 %

Northern Trust stock traded down $0.41 during midday trading on Friday, reaching $104.98. The stock had a trading volume of 1,990,708 shares, compared to its average volume of 1,303,318. Northern Trust Co. has a 52-week low of $76.67 and a 52-week high of $111.87. The company has a fifty day moving average of $103.30 and a 200 day moving average of $92.27. The firm 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. 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 Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders of record on Friday, December 6th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 2.86%. The ex-dividend date of this dividend is Friday, December 6th. Northern Trust's payout ratio is 37.31%.

Insiders Place Their Bets

In other Northern Trust news, Vice Chairman Steven L. Fradkin sold 27,874 shares of Northern Trust stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $100.50, for a total value of $2,801,337.00. Following the transaction, the insider now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Teresa Parker sold 4,439 shares of the stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $100.86, for a total transaction of $447,717.54. Following the sale, the insider now directly owns 79,326 shares of the company's stock, valued at approximately $8,000,820.36. The trade was a 5.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 82,151 shares of company stock worth $8,489,889 in the last three months. Corporate insiders own 0.64% of the company's stock.

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.