SG Americas Securities LLC Trims Stake in Northern Trust Co. (NASDAQ:NTRS)

SG Americas Securities LLC lessened its holdings in Northern Trust Co. (NASDAQ:NTRS) by 69.7% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,215 shares of the asset manager’s stock after selling 18,882 shares during the period. SG Americas Securities LLC’s holdings in Northern Trust were worth $740,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Massmutual Trust Co. FSB ADV raised its holdings in shares of Northern Trust by 14.5% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 922 shares of the asset manager’s stock valued at $83,000 after acquiring an additional 117 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its position in Northern Trust by 0.3% during the second quarter. DekaBank Deutsche Girozentrale now owns 43,713 shares of the asset manager’s stock valued at $3,608,000 after purchasing an additional 120 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in Northern Trust by 1.3% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 10,584 shares of the asset manager’s stock worth $889,000 after buying an additional 131 shares in the last quarter. First Trust Direct Indexing L.P. increased its holdings in shares of 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 worth $379,000 after buying an additional 182 shares during the last quarter. Finally, Sanibel Captiva Trust Company Inc. raised its position in shares of Northern Trust by 7.4% during the 1st quarter. Sanibel Captiva Trust Company Inc. now owns 2,998 shares of the asset manager’s stock valued at $267,000 after buying an additional 207 shares in the last quarter. Institutional investors own 83.19% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Morgan Stanley increased their target price on Northern Trust from $93.00 to $97.00 and gave the company an “underweight” rating in a research note on Monday, September 30th. Deutsche Bank Aktiengesellschaft upped their target price on Northern Trust from $84.00 to $94.00 and gave the stock a “hold” rating in a research note on Monday, September 23rd. Keefe, Bruyette & Woods reduced their price target on shares of Northern Trust from $92.00 to $85.00 and set a “market perform” rating on the stock in a research report on Thursday, June 27th. Royal Bank of Canada boosted their price objective on shares of Northern Trust from $86.00 to $90.00 and gave the stock an “outperform” rating in a report on Thursday, July 18th. Finally, UBS Group lifted their target price on shares of Northern Trust from $86.00 to $92.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 8th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Northern Trust has an average rating of “Hold” and an average target price of $90.42.

Northern Trust Stock Performance

Northern Trust stock opened at $92.17 on Monday. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.58. The firm has a market cap of $18.59 billion, a P/E ratio of 12.61, a P/E/G ratio of 1.44 and a beta of 1.08. Northern Trust Co. has a 1-year low of $62.44 and a 1-year high of $93.50. The firm has a 50-day moving average of $88.42 and a 200-day moving average of $86.04.

Northern Trust (NASDAQ:NTRS) last released its quarterly earnings data on Wednesday, July 17th. The asset manager reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.03. Northern Trust had a return on equity of 12.24% and a net margin of 10.53%. The business had revenue of $2.72 billion during the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter last year, the business posted $1.79 EPS. The business’s revenue was up 53.8% on a year-over-year basis. Sell-side analysts expect that Northern Trust Co. will post 7.04 EPS for the current year.

Northern Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Friday, September 6th were issued a $0.75 dividend. The ex-dividend date was Friday, September 6th. This represents a $3.00 annualized dividend and a yield of 3.25%. Northern Trust’s dividend payout ratio (DPR) is presently 41.04%.

Insider Transactions at Northern Trust

In related news, Director Charles A. Tribbett sold 1,855 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $88.12, for a total transaction of $163,462.60. Following the transaction, the director now owns 1,000 shares in the company, valued at $88,120. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Charles A. Tribbett sold 1,855 shares of Northern Trust stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $88.12, for a total transaction of $163,462.60. Following the sale, the director now directly owns 1,000 shares in the company, valued at $88,120. The trade was 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 this hyperlink. Also, EVP Teresa Parker sold 5,883 shares of the stock in a transaction on Friday, August 9th. The stock was sold at an average price of $84.06, for a total value of $494,524.98. Following the completion of the transaction, the executive vice president now owns 83,765 shares of the company’s stock, valued at approximately $7,041,285.90. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,738 shares of company stock valued at $1,191,388. Company 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.