Blue Trust Inc. Buys 1,635 Shares of Northern Trust Co. (NASDAQ:NTRS)

Blue Trust Inc. lifted its stake in shares of Northern Trust Co. (NASDAQ:NTRS) by 135.8% during the 3rd quarter, HoldingsChannel reports. The firm owned 2,839 shares of the asset manager’s stock after acquiring an additional 1,635 shares during the period. Blue Trust Inc.’s holdings in Northern Trust were worth $238,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Olistico Wealth LLC acquired a new stake in Northern Trust in the second quarter valued at approximately $25,000. Innealta Capital LLC bought a new position in shares of Northern Trust in the 2nd quarter valued at $26,000. Ridgewood Investments LLC acquired a new stake in shares of Northern Trust during the 2nd quarter valued at $30,000. Versant Capital Management Inc grew its position in Northern Trust by 343.9% during the 2nd quarter. Versant Capital Management Inc now owns 435 shares of the asset manager’s stock worth $37,000 after acquiring an additional 337 shares during the last quarter. Finally, Tributary Capital Management LLC acquired a new position in Northern Trust in the 1st quarter worth about $53,000. 83.19% of the stock is currently owned by institutional investors and hedge funds.

Northern Trust Trading Down 2.5 %

NASDAQ NTRS opened at $100.19 on Friday. Northern Trust Co. has a one year low of $63.43 and a one year high of $104.25. 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 business has a 50 day simple moving average of $90.84 and a 200 day simple moving average of $86.64. The stock has a market capitalization of $20.50 billion, a P/E ratio of 22.12, a P/E/G ratio of 1.65 and a beta of 1.08.

Northern Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Friday, December 6th will be paid a $0.75 dividend. The ex-dividend date is Friday, December 6th. This represents a $3.00 annualized dividend and a dividend yield of 2.99%. Northern Trust’s dividend payout ratio is currently 66.23%.

Analyst Ratings Changes

NTRS has been the topic of several research reports. Barclays boosted 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. Deutsche Bank Aktiengesellschaft upped their price target on shares of Northern Trust from $84.00 to $94.00 and gave the company a “hold” rating in a research report on Monday, September 23rd. Wells Fargo & Company lifted their price target on shares of Northern Trust from $92.00 to $108.00 and gave the stock an “equal weight” rating in a report on Thursday. Bank of America increased their price objective on Northern Trust from $103.00 to $115.00 and gave the company a “buy” rating in a report on Thursday. Finally, The Goldman Sachs Group downgraded Northern Trust from a “neutral” rating to a “sell” rating and cut their target price for the stock from $84.00 to $82.00 in a report on Thursday, September 26th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $99.33.

Insider Activity at Northern Trust

In other Northern Trust news, EVP Mark C. Gossett sold 6,000 shares of Northern Trust stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $88.90, for a total value of $533,400.00. Following the completion of the sale, the executive vice president now directly owns 28,707 shares of the company’s stock, valued at approximately $2,552,052.30. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, EVP Teresa Parker sold 5,883 shares of Northern Trust stock in a transaction on Friday, August 9th. The shares were sold at an average price of $84.06, for a total value of $494,524.98. Following the completion of the sale, the executive vice president now owns 83,765 shares of the company’s stock, valued at approximately $7,041,285.90. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Mark C. Gossett sold 6,000 shares of the company’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $88.90, for a total transaction of $533,400.00. Following the transaction, the executive vice president now owns 28,707 shares in the company, valued at approximately $2,552,052.30. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,738 shares of company stock worth $1,191,388 in the last quarter. Company insiders own 0.64% of the company’s stock.

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.