Speece Thorson Capital Group Inc. Sells 39,952 Shares of Northern Trust Co. (NASDAQ:NTRS)

Speece Thorson Capital Group Inc. lessened its holdings in Northern Trust Co. (NASDAQ:NTRS) by 24.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 121,843 shares of the asset manager’s stock after selling 39,952 shares during the quarter. Speece Thorson Capital Group Inc.’s holdings in Northern Trust were worth $10,970,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. CANADA LIFE ASSURANCE Co lifted its position in shares of Northern Trust by 6.8% in the first quarter. CANADA LIFE ASSURANCE Co now owns 360,640 shares of the asset manager’s stock worth $32,111,000 after purchasing an additional 23,020 shares in the last quarter. Bessemer Group Inc. increased its holdings in Northern Trust by 668.0% during the first quarter. Bessemer Group Inc. now owns 20,205 shares of the asset manager’s stock worth $1,797,000 after buying an additional 17,574 shares during the last quarter. Intech Investment Management LLC increased its holdings in Northern Trust by 1,891.1% during the first quarter. Intech Investment Management LLC now owns 56,845 shares of the asset manager’s stock worth $5,055,000 after buying an additional 53,990 shares during the last quarter. Swedbank AB acquired a new position in Northern Trust during the first quarter worth $1,407,000. Finally, Koshinski Asset Management Inc. acquired a new position in Northern Trust during the first quarter worth $644,000. Institutional investors own 83.19% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on NTRS shares. 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 report on Tuesday, October 8th. Morgan Stanley boosted their target price on shares of Northern Trust from $97.00 to $103.00 and gave the stock an “underweight” rating in a report on Thursday, October 24th. Evercore ISI boosted their target price on shares of Northern Trust from $86.00 to $103.00 and gave the stock an “in-line” rating in a report on Thursday, October 24th. The Goldman Sachs Group downgraded shares of Northern Trust from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $84.00 to $82.00 in a report on Thursday, September 26th. Finally, StockNews.com upgraded shares of Northern Trust from a “hold” rating to a “buy” rating in a report on Tuesday. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $100.50.

Northern Trust Stock Performance

Shares of NTRS stock traded up $1.08 on Wednesday, hitting $108.03. The company’s stock had a trading volume of 122,496 shares, compared to its average volume of 1,296,358. 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 stock’s 50 day moving average is $94.59 and its 200-day moving average is $88.44. Northern Trust Co. has a fifty-two week low of $72.28 and a fifty-two week high of $108.53. The company has a market capitalization of $21.41 billion, a PE ratio of 13.30, a PEG ratio of 1.24 and a beta of 1.06.

Northern Trust Dividend Announcement

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 paid a $0.75 dividend. The ex-dividend date is Friday, December 6th. This represents a $3.00 annualized dividend and a dividend yield of 2.78%. Northern Trust’s dividend payout ratio (DPR) is presently 37.31%.

Insider Activity at Northern Trust

In related news, EVP Thomas A. South sold 5,000 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $105.80, for a total transaction of $529,000.00. Following the completion of the sale, the executive vice president now owns 49,756 shares of the company’s stock, valued at $5,264,184.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, EVP Thomas A. South sold 5,000 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $105.80, for a total transaction of $529,000.00. Following the completion of the sale, the executive vice president now owns 49,756 shares of the company’s stock, valued at $5,264,184.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Mark C. Gossett sold 6,000 shares of the company’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $88.90, for a total transaction of $533,400.00. Following the sale, the executive vice president now directly owns 28,707 shares of the company’s stock, valued at $2,552,052.30. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 80,906 shares of company stock worth $8,176,652. Corporate insiders own 0.64% of the company’s stock.

About Northern Trust

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.