Entropy Technologies LP Sells 26,867 Shares of Northern Trust Co. (NASDAQ:NTRS)

Entropy Technologies LP lowered its stake in shares of Northern Trust Co. (NASDAQ:NTRS) by 76.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,291 shares of the asset manager’s stock after selling 26,867 shares during the quarter. Entropy Technologies LP’s holdings in Northern Trust were worth $746,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Allworth Financial LP grew its holdings in Northern Trust by 9.1% during the third quarter. Allworth Financial LP now owns 1,170 shares of the asset manager’s stock worth $105,000 after buying an additional 98 shares in the last quarter. Massmutual Trust Co. FSB ADV grew its holdings in Northern Trust by 14.5% during the third quarter. Massmutual Trust Co. FSB ADV now owns 922 shares of the asset manager’s stock worth $83,000 after buying an additional 117 shares in the last quarter. DekaBank Deutsche Girozentrale grew its stake in Northern Trust by 0.3% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 43,713 shares of the asset manager’s stock valued at $3,608,000 after purchasing an additional 120 shares during the period. Mesirow Financial Investment Management Inc. grew its stake in Northern Trust by 0.4% in the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 35,673 shares of the asset manager’s stock valued at $3,212,000 after purchasing an additional 127 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its stake in Northern Trust by 1.3% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 10,584 shares of the asset manager’s stock valued at $889,000 after purchasing an additional 131 shares during the period. Institutional investors own 83.19% of the company’s stock.

Wall Street Analyst Weigh In

NTRS has been the subject of a number of recent analyst reports. Barclays upped their price objective on Northern Trust from $98.00 to $115.00 and gave the company an “equal weight” rating in a research note on Thursday, October 24th. The Goldman Sachs Group downgraded Northern Trust from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $84.00 to $82.00 in a research note on Thursday, September 26th. Evercore ISI upped 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. Wells Fargo & Company upped their price objective on Northern Trust from $92.00 to $108.00 and gave the company an “equal weight” rating in a research note on Thursday, October 24th. Finally, UBS Group upped their price target on Northern Trust from $86.00 to $92.00 and gave the company a “neutral” rating in a research report on Tuesday, October 8th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $100.50.

Northern Trust Stock Performance

Shares of NTRS opened at $105.96 on Friday. The stock’s 50-day simple moving average is $94.93 and its 200 day simple moving average is $88.57. Northern Trust Co. has a 52-week low of $73.85 and a 52-week high of $108.53. The stock has a market capitalization of $21.00 billion, a price-to-earnings ratio of 13.18, a price-to-earnings-growth ratio of 1.24 and a beta of 1.06. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.71 and a current ratio of 0.71.

Northern Trust Dividend Announcement

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 given a dividend of $0.75 per share. The ex-dividend date is Friday, December 6th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.83%. Northern Trust’s dividend payout ratio (DPR) is presently 37.31%.

Insider Activity

In related news, EVP Thomas A. South sold 5,000 shares of the firm’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $105.80, for a total transaction of $529,000.00. Following the transaction, the executive vice president now directly owns 49,756 shares of the company’s stock, valued at approximately $5,264,184.80. This trade represents a 9.13 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Charles A. Tribbett sold 1,855 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $88.12, for a total value of $163,462.60. Following the transaction, the director now directly owns 1,000 shares in the company, valued at approximately $88,120. This represents a 64.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 80,906 shares of company stock worth $8,176,652. 0.64% of the stock is currently owned by insiders.

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.