AustralianSuper Pty Ltd Makes New Investment in Northern Trust Co. (NASDAQ:NTRS)

AustralianSuper Pty Ltd bought a new stake in Northern Trust Co. (NASDAQ:NTRS) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 78,141 shares of the asset manager’s stock, valued at approximately $7,035,000.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Olistico Wealth LLC purchased a new position in Northern Trust in the 2nd quarter valued at $25,000. Innealta Capital LLC purchased a new stake in Northern Trust during the 2nd quarter valued at about $26,000. Ridgewood Investments LLC acquired a new stake in Northern Trust in the 2nd quarter valued at about $30,000. Northwest Investment Counselors LLC acquired a new stake in shares of Northern Trust during the 3rd quarter worth about $39,000. Finally, Versant Capital Management Inc lifted its position in Northern Trust by 343.9% in the second quarter. Versant Capital Management Inc now owns 435 shares of the asset manager’s stock valued at $37,000 after buying an additional 337 shares during the last quarter. Hedge funds and other institutional investors own 83.19% of the company’s stock.

Analyst Ratings Changes

NTRS has been the topic of several recent analyst reports. Wells Fargo & Company upped their price objective on shares of Northern Trust from $92.00 to $108.00 and gave the stock an “equal weight” rating in a report on Thursday, October 24th. The Goldman Sachs Group lowered Northern Trust from a “neutral” rating to a “sell” rating and lowered their price target for the stock from $84.00 to $82.00 in a research report on Thursday, September 26th. Royal Bank of Canada lifted their price objective on Northern Trust from $100.00 to $107.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. UBS Group increased their target price on Northern Trust from $86.00 to $92.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 8th. Finally, Barclays boosted their price target on shares of Northern Trust from $98.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 24th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $99.33.

Northern Trust Stock Performance

Shares of Northern Trust stock opened at $100.52 on Friday. The firm has a market capitalization of $19.93 billion, a P/E ratio of 12.50, a P/E/G ratio of 1.18 and a beta of 1.08. 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 Co. has a 52 week low of $64.96 and a 52 week high of $104.25. The firm’s 50 day moving average is $92.28 and its two-hundred day moving average is $87.17.

Northern Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders 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 yield of 2.98%. Northern Trust’s dividend payout ratio is presently 37.31%.

Insider Transactions at Northern Trust

In related news, insider Teresa Parker sold 4,439 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $100.86, for a total transaction of $447,717.54. Following the transaction, the insider now owns 79,326 shares in the company, valued at $8,000,820.36. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Vice Chairman Steven L. Fradkin sold 27,874 shares of the firm’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $100.50, for a total transaction of $2,801,337.00. Following the transaction, the insider now owns 46,078 shares of the company’s stock, valued at $4,630,839. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Teresa Parker sold 4,439 shares of the company’s stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $100.86, for a total value of $447,717.54. Following the sale, the insider now directly owns 79,326 shares of the company’s stock, valued at approximately $8,000,820.36. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 65,636 shares of company stock worth $6,443,204. Corporate 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.