IFM Investors Pty Ltd Has $4.32 Million Stock Holdings in Northern Trust Co. (NASDAQ:NTRS)

IFM Investors Pty Ltd lifted its stake in shares of Northern Trust Co. (NASDAQ:NTRS) by 1.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 47,938 shares of the asset manager’s stock after purchasing an additional 594 shares during the quarter. IFM Investors Pty Ltd’s holdings in Northern Trust were worth $4,316,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Olistico Wealth LLC acquired a new stake in Northern Trust during the second quarter worth about $25,000. Innealta Capital LLC acquired a new stake in shares of Northern Trust during the 2nd quarter worth approximately $26,000. Ridgewood Investments LLC bought a new position in Northern Trust in the second quarter valued at approximately $30,000. Northwest Investment Counselors LLC acquired a new position in Northern Trust during the third quarter valued at approximately $39,000. Finally, Versant Capital Management Inc lifted its stake in Northern Trust by 343.9% during the second quarter. Versant Capital Management Inc now owns 435 shares of the asset manager’s stock worth $37,000 after purchasing an additional 337 shares during the last quarter. Institutional investors own 83.19% of the company’s stock.

Northern Trust Stock Down 2.5 %

Shares of NASDAQ:NTRS opened at $100.19 on Friday. The firm has a market cap 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 Co. has a 12-month low of $63.43 and a 12-month high of $104.25. The business has a fifty day simple moving average of $91.10 and a 200 day simple moving average of $86.73. 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 Dividend Announcement

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

Insider Buying and Selling at Northern Trust

In other news, Director Charles A. Tribbett sold 1,855 shares of the business’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 value of $163,462.60. Following the transaction, the director now owns 1,000 shares in the company, valued at approximately $88,120. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Northern Trust news, EVP Mark C. Gossett sold 6,000 shares of Northern Trust stock in a transaction that occurred on Tuesday, August 27th. The stock was 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 in the company, valued at approximately $2,552,052.30. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Charles A. Tribbett sold 1,855 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $88.12, for a total value of $163,462.60. Following the transaction, the director now owns 1,000 shares in the company, valued at $88,120. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,738 shares of company stock valued at $1,191,388. 0.64% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on NTRS shares. Deutsche Bank Aktiengesellschaft lifted their price target on Northern Trust from $84.00 to $94.00 and gave the company a “hold” rating in a research note on Monday, September 23rd. Bank of America boosted their target price on Northern Trust from $103.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday. Barclays lifted their price target on shares of Northern Trust from $98.00 to $115.00 and gave the company an “equal weight” rating in a report on Thursday. The Goldman Sachs Group downgraded shares of Northern Trust from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $84.00 to $82.00 in a research note on Thursday, September 26th. Finally, 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. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, Northern Trust presently has an average rating of “Hold” and an average price target of $99.33.

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.