Crossmark Global Holdings Inc. Has $1.04 Million Position in Northern Trust Co. (NASDAQ:NTRS)

Crossmark Global Holdings Inc. reduced its holdings in shares of Northern Trust Co. (NASDAQ:NTRS) by 11.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,541 shares of the asset manager’s stock after selling 1,535 shares during the period. Crossmark Global Holdings Inc.’s holdings in Northern Trust were worth $1,039,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. Empowered Funds LLC boosted its position in Northern Trust by 103.6% in the first quarter. Empowered Funds LLC now owns 4,987 shares of the asset manager’s stock valued at $443,000 after buying an additional 2,537 shares in the last quarter. ProShare Advisors LLC boosted its position in Northern Trust by 24.9% in the first quarter. ProShare Advisors LLC now owns 53,418 shares of the asset manager’s stock valued at $4,750,000 after buying an additional 10,665 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Northern Trust by 15.2% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 246,319 shares of the asset manager’s stock valued at $21,903,000 after buying an additional 32,534 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its position in Northern Trust by 4.3% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 119,389 shares of the asset manager’s stock valued at $10,610,000 after buying an additional 4,955 shares in the last quarter. Finally, Intech Investment Management LLC boosted its position in Northern Trust by 1,891.1% in the first quarter. Intech Investment Management LLC now owns 56,845 shares of the asset manager’s stock valued at $5,055,000 after buying an additional 53,990 shares in the last quarter. 83.19% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NTRS has been the topic of a number of recent analyst reports. Morgan Stanley boosted their price target on shares of Northern Trust from $97.00 to $103.00 and gave the company an “underweight” rating in a research report on Thursday, October 24th. Royal Bank of Canada boosted their price target on shares of Northern Trust from $100.00 to $107.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. UBS Group boosted their target price on shares of Northern Trust from $86.00 to $92.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Northern Trust from $100.00 to $108.00 and gave the stock a “hold” rating in a research note on Monday. Finally, The Goldman Sachs Group downgraded shares of Northern Trust from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $84.00 to $82.00 in a research note on Thursday, September 26th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Northern Trust presently has an average rating of “Hold” and a consensus price target of $100.50.

Insider Buying and Selling at Northern Trust

In other Northern Trust news, EVP Mark C. Gossett sold 6,000 shares of the company’s stock in a transaction that occurred 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 owns 28,707 shares of the company’s stock, valued at approximately $2,552,052.30. This represents a 17.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Charles A. Tribbett sold 1,855 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $88.12, for a total transaction of $163,462.60. Following the completion of the sale, the director now directly owns 1,000 shares of the company’s stock, valued at $88,120. The trade was a 64.97 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 80,906 shares of company stock valued at $8,176,652. Corporate insiders own 0.64% of the company’s stock.

Northern Trust Trading Down 0.8 %

NTRS opened at $105.96 on Friday. 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 company has a market cap of $21.00 billion, a price-to-earnings ratio of 13.29, a price-to-earnings-growth ratio of 1.24 and a beta of 1.06. The firm has a 50 day simple moving average of $94.93 and a 200 day simple moving average of $88.57. Northern Trust Co. has a fifty-two week low of $73.85 and a fifty-two week high of $108.53.

Northern Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Investors of record on Friday, December 6th will be paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date is Friday, December 6th. Northern Trust’s dividend payout ratio (DPR) is 37.31%.

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.