Northern Trust Corporation $NTRS Shares Sold by Boston Trust Walden Corp

Boston Trust Walden Corp trimmed its stake in shares of Northern Trust Corporation (NASDAQ:NTRS) by 20.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 249,234 shares of the asset manager’s stock after selling 64,641 shares during the quarter. Boston Trust Walden Corp’s holdings in Northern Trust were worth $42,210,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Versant Capital Management Inc lifted its holdings in shares of Northern Trust by 2.1% during the third quarter. Versant Capital Management Inc now owns 3,379 shares of the asset manager’s stock worth $572,000 after buying an additional 70 shares in the last quarter. Greenleaf Trust boosted its position in shares of Northern Trust by 0.6% in the second quarter. Greenleaf Trust now owns 12,575 shares of the asset manager’s stock valued at $2,186,000 after acquiring an additional 71 shares during the period. Compound Planning Inc. grew its stake in shares of Northern Trust by 4.7% in the first quarter. Compound Planning Inc. now owns 1,770 shares of the asset manager’s stock valued at $247,000 after acquiring an additional 79 shares in the last quarter. Oppenheimer & Co. Inc. grew its stake in shares of Northern Trust by 2.4% in the third quarter. Oppenheimer & Co. Inc. now owns 3,405 shares of the asset manager’s stock valued at $577,000 after acquiring an additional 79 shares in the last quarter. Finally, Parkside Financial Bank & Trust grew its stake in shares of Northern Trust by 9.0% in the second quarter. Parkside Financial Bank & Trust now owns 1,063 shares of the asset manager’s stock valued at $185,000 after acquiring an additional 88 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 several recent research reports. Citigroup lowered their target price on shares of Northern Trust from $186.00 to $170.00 and set a “neutral” rating on the stock in a report on Friday, October 23rd. Barclays boosted their price target on Northern Trust from $189.00 to $194.00 and gave the company an “equal weight” rating in a research note on Thursday, October 22nd. Wells Fargo & Company increased their price target on Northern Trust from $189.00 to $194.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 23rd. Evercore lowered their price objective on Northern Trust from $183.00 to $179.00 in a research note on Wednesday, October 28th. Finally, The Goldman Sachs Group raised their price objective on Northern Trust from $190.00 to $192.00 and gave the stock a “neutral” rating in a research note on Friday, October 2nd. Two research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Northern Trust currently has a consensus rating of “Hold” and an average price target of $181.03.

Northern Trust Trading Up 3.1%

Shares of NTRS stock opened at $178.02 on Thursday. Northern Trust Corporation has a 1-year low of $121.53 and a 1-year high of $195.78. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.43. The stock has a market cap of $32.24 billion, a price-to-earnings ratio of 13.95, a PEG ratio of 0.88 and a beta of 1.21. The stock has a 50-day moving average of $174.80 and a 200-day moving average of $165.71.

Northern Trust (NASDAQ:NTRS) last announced its earnings results on Wednesday, October 21st. The asset manager reported $3.40 earnings per share for the quarter, topping analysts’ consensus estimates of $2.87 by $0.53. The business had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.26 billion. Northern Trust had a net margin of 15.86% and a return on equity of 17.97%. Northern Trust’s quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter last year, the firm earned $2.29 earnings per share. On average, equities research analysts forecast that Northern Trust Corporation will post 12.00 earnings per share for the current year.

Northern Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 1st. Stockholders of record on Friday, December 4th will be issued a dividend of $0.88 per share. The ex-dividend date is Friday, December 4th. This represents a $3.52 annualized dividend and a dividend yield of 2.0%. Northern Trust’s payout ratio is currently 27.59%.

Insider Activity

In other news, EVP Thomas South sold 1,800 shares of the stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $184.90, for a total value of $332,820.00. Following the completion of the sale, the executive vice president directly owned 92,917 shares of the company’s stock, valued at $17,180,353.30. This represents a 1.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robert Moritz, Jr. purchased 236 shares of the stock in a transaction that occurred on Friday, October 30th. The stock was bought at an average cost of $169.07 per share, with a total value of $39,900.52. Following the completion of the transaction, the director directly owned 8,636 shares in the company, valued at $1,460,088.52. The trade was a 2.81% increase in their position. The SEC filing for this purchase provides additional information. Insiders sold a total of 22,706 shares of company stock worth $3,850,282 over the last quarter. 0.66% of the stock is currently owned by corporate insiders.

Northern Trust Profile

Northern Trust Corporation (NASDAQ:NTRS) is a financial services company that provides wealth management, asset servicing, asset management and banking services. The company serves institutional investors, corporations, financial institutions, high-net-worth individuals and families.

Its offerings include custody and administration of investment assets, fund accounting, securities lending, foreign exchange, treasury services, investment management, trust and estate services, private banking and wealth planning.