Northern Trust Co. (NASDAQ:NTRS) Shares Sold by HM Payson & Co.

HM Payson & Co. lowered its holdings in Northern Trust Co. (NASDAQ:NTRS) by 33.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,095 shares of the asset manager’s stock after selling 555 shares during the quarter. HM Payson & Co.’s holdings in Northern Trust were worth $99,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC lifted its position in Northern Trust by 2.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 12,861 shares of the asset manager’s stock valued at $1,144,000 after buying an additional 302 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Northern Trust by 0.8% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 490,487 shares of the asset manager’s stock worth $43,614,000 after purchasing an additional 3,861 shares during the period. First Trust Direct Indexing L.P. increased its holdings in Northern Trust by 4.5% in the 1st quarter. First Trust Direct Indexing L.P. now owns 4,257 shares of the asset manager’s stock valued at $379,000 after purchasing an additional 182 shares during the last quarter. Sequoia Financial Advisors LLC boosted its position in shares of Northern Trust by 557.8% during the first quarter. Sequoia Financial Advisors LLC now owns 30,813 shares of the asset manager’s stock worth $2,740,000 after buying an additional 26,129 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Northern Trust by 11.3% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 68,574 shares of the asset manager’s stock valued at $5,886,000 after buying an additional 6,978 shares in the last quarter. Institutional investors and hedge funds own 83.19% of the company’s stock.

Insider Activity

In related news, EVP Teresa Parker sold 5,883 shares of Northern Trust stock in a transaction on Friday, August 9th. The shares were sold at an average price of $84.06, for a total transaction of $494,524.98. Following the sale, the executive vice president now directly owns 83,765 shares in the company, valued at $7,041,285.90. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, 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 completion of the sale, the director now directly owns 1,000 shares of the company’s stock, valued at approximately $88,120. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Teresa Parker sold 5,883 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $84.06, for a total transaction of $494,524.98. Following the transaction, the executive vice president now owns 83,765 shares in the company, valued at approximately $7,041,285.90. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 65,636 shares of company stock worth $6,443,204. Corporate insiders own 0.64% of the company’s stock.

Northern Trust Trading Down 0.6 %

NTRS opened at $99.93 on Friday. The business’s 50-day simple moving average is $92.51 and its 200-day simple moving average is $87.28. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.71 and a current ratio of 0.71. The company has a market cap of $19.81 billion, a P/E ratio of 12.43, a PEG ratio of 1.18 and a beta of 1.08. Northern Trust Co. has a one year low of $67.46 and a one year high of $104.25.

Northern Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Friday, December 6th will be given a dividend of $0.75 per share. The ex-dividend date is Friday, December 6th. This represents a $3.00 annualized dividend and a dividend yield of 3.00%. Northern Trust’s dividend payout ratio is presently 37.31%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Evercore ISI increased their target price on Northern Trust from $86.00 to $103.00 and gave the stock an “in-line” rating in a research note on Thursday, October 24th. Barclays raised their price objective on shares of Northern Trust from $98.00 to $115.00 and gave the company an “equal weight” rating in a research note on Thursday, October 24th. UBS Group upped 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. Bank of America raised their price target on shares of Northern Trust from $103.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Finally, The Goldman Sachs Group downgraded shares of Northern Trust from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $84.00 to $82.00 in a research note on Thursday, September 26th. 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 company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $99.33.

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.