Kentucky Retirement Systems Insurance Trust Fund Has $537,000 Stock Holdings in Northern Trust Co. (NASDAQ:NTRS)

Kentucky Retirement Systems Insurance Trust Fund decreased its holdings in shares of Northern Trust Co. (NASDAQ:NTRS) by 9.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,970 shares of the asset manager’s stock after selling 629 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Northern Trust were worth $537,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Mitsubishi UFJ Trust & Banking Corp increased its position in Northern Trust by 4.3% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 119,389 shares of the asset manager’s stock worth $10,610,000 after buying an additional 4,955 shares during the last quarter. Acadian Asset Management LLC increased its holdings in shares of Northern Trust by 4,646.7% during the 1st quarter. Acadian Asset Management LLC now owns 29,097 shares of the asset manager’s stock valued at $2,585,000 after acquiring an additional 28,484 shares during the last quarter. Bahl & Gaynor Inc. bought a new position in shares of Northern Trust in the 1st quarter valued at approximately $284,000. O Shaughnessy Asset Management LLC lifted its holdings in Northern Trust by 30.9% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 3,146 shares of the asset manager’s stock worth $280,000 after purchasing an additional 743 shares during the last quarter. Finally, UniSuper Management Pty Ltd boosted its position in Northern Trust by 518.7% during the first quarter. UniSuper Management Pty Ltd now owns 13,778 shares of the asset manager’s stock worth $1,225,000 after purchasing an additional 11,551 shares during the period. Institutional investors own 83.19% of the company’s stock.

Wall Street Analysts Forecast Growth

NTRS has been the topic of a number of recent analyst reports. Royal Bank of Canada lifted 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. The Goldman Sachs Group cut shares of Northern Trust from a “neutral” rating to a “sell” rating and decreased their price target for the company from $84.00 to $82.00 in a report on Thursday, September 26th. Barclays lifted their price objective on Northern Trust from $98.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 24th. Evercore ISI increased their target price 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. Finally, Morgan Stanley lifted their price target on Northern Trust from $97.00 to $103.00 and gave the stock an “underweight” rating in a research report on Thursday, October 24th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Northern Trust presently has an average rating of “Hold” and an average price target of $100.67.

Northern Trust Trading Up 1.2 %

Shares of Northern Trust stock opened at $108.93 on Tuesday. Northern Trust Co. has a 52-week low of $74.63 and a 52-week high of $109.54. The firm has a market capitalization of $21.59 billion, a PE ratio of 13.55, a price-to-earnings-growth ratio of 1.21 and a beta of 1.06. 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’s fifty day moving average price is $96.10 and its two-hundred day moving average price is $89.12.

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 given a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 2.75%. The ex-dividend date of this dividend is Friday, December 6th. Northern Trust’s dividend payout ratio (DPR) is presently 37.31%.

Insider Buying and Selling

In related news, EVP Mark C. Gossett sold 6,000 shares of Northern Trust stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $88.90, for a total transaction of $533,400.00. Following the completion of the transaction, the executive vice president now directly owns 28,707 shares of the company’s stock, valued at $2,552,052.30. This trade represents a 17.29 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Peter Cherecwich sold 16,153 shares of the company’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $105.18, for a total transaction of $1,698,972.54. Following the sale, the chief operating officer now directly owns 4,397 shares in the company, valued at $462,476.46. This represents a 78.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 80,906 shares of company stock valued at $8,176,652 over the last quarter. Corporate insiders own 0.64% of the company’s stock.

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.