Y Intercept Hong Kong Ltd bought a new position in shares of Northern Trust Co. (NASDAQ:NTRS - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 11,891 shares of the asset manager's stock, valued at approximately $1,071,000.
Other institutional investors also recently bought and sold shares of the company. Innealta Capital LLC bought a new position in Northern Trust in the 2nd quarter worth $26,000. Ridgewood Investments LLC bought a new position in shares of Northern Trust in the second quarter worth about $30,000. Northwest Investment Counselors LLC acquired a new position in shares of Northern Trust during the 3rd quarter worth about $39,000. Capital Performance Advisors LLP bought a new stake in Northern Trust during the 3rd quarter valued at approximately $48,000. Finally, Eastern Bank bought a new stake in Northern Trust during the 3rd quarter valued at approximately $51,000. 83.19% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In related news, Vice Chairman Steven L. Fradkin sold 9,100 shares of the 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 sale, the insider now directly owns 47,797 shares in the company, valued at $5,305,467. This trade represents a 15.99 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Teresa Parker sold 4,439 shares of the business's stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $100.86, for a total transaction of $447,717.54. Following the transaction, the insider now owns 79,326 shares of the company's stock, valued at approximately $8,000,820.36. This represents a 5.30 % 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 three months. 0.64% of the stock is currently owned by company insiders.
Analyst Ratings Changes
A number of research analysts have recently commented on the company. Barclays upped their price target on Northern Trust from $98.00 to $115.00 and gave the stock an "equal weight" rating in a report on Thursday, October 24th. Keefe, Bruyette & Woods boosted their price objective on shares of Northern Trust from $100.00 to $113.00 and gave the stock a "market perform" rating in a report on Tuesday, December 3rd. StockNews.com raised shares of Northern Trust from a "hold" rating to a "buy" rating in a research report on Tuesday. Evercore ISI lifted their target price on Northern Trust from $86.00 to $103.00 and gave the stock an "in-line" rating in a research report on Thursday, October 24th. Finally, Morgan Stanley raised Northern Trust from an "underweight" rating to an "equal weight" rating and upped their price target for the company from $103.00 to $127.00 in a report on Monday. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $105.00.
Check Out Our Latest Stock Report on NTRS
Northern Trust Price Performance
Shares of NASDAQ NTRS traded down $0.41 during trading on Friday, reaching $104.98. The company 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 debt-to-equity ratio of 0.58, a quick ratio of 0.71 and a current ratio of 0.71. The business's 50 day moving average price is $103.01 and its 200-day moving average price is $92.05. The stock has a market cap of $20.81 billion, a PE ratio of 13.11, a PEG ratio of 1.18 and a beta of 1.07.
Northern Trust Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Investors of record on Friday, December 6th will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 2.86%. The ex-dividend date is Friday, December 6th. Northern Trust's dividend payout ratio is 37.31%.
Northern Trust Company Profile
(
Free Report)
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.
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