Louisiana State Employees Retirement System Sells 200 Shares of Northern Trust Co. (NASDAQ:NTRS)

Louisiana State Employees Retirement System cut its stake in Northern Trust Co. (NASDAQ:NTRS) by 1.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,400 shares of the asset manager’s stock after selling 200 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Northern Trust were worth $1,026,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of NTRS. Olistico Wealth LLC purchased a new stake in shares of Northern Trust in the second quarter valued at $25,000. Innealta Capital LLC bought a new position in Northern Trust during the 2nd quarter valued at about $26,000. Ridgewood Investments LLC purchased a new stake in Northern Trust in the 2nd quarter worth about $30,000. Versant Capital Management Inc lifted its stake in Northern Trust by 343.9% in the second quarter. Versant Capital Management Inc now owns 435 shares of the asset manager’s stock worth $37,000 after purchasing an additional 337 shares during the last quarter. Finally, Northwest Investment Counselors LLC purchased a new position in shares of Northern Trust during the third quarter valued at approximately $39,000. 83.19% of the stock is owned by hedge funds and other institutional investors.

Northern Trust Stock Performance

Shares of NASDAQ:NTRS opened at $99.93 on Monday. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $19.81 billion, a price-to-earnings ratio of 12.43, a price-to-earnings-growth ratio of 1.17 and a beta of 1.06. The firm has a 50 day moving average of $92.51 and a 200 day moving average of $87.38. Northern Trust Co. has a 52 week low of $67.46 and a 52 week high of $104.25.

Northern Trust Dividend Announcement

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

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on NTRS. Bank of America increased their price target on Northern Trust from $103.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. 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. Morgan Stanley boosted their target price on shares of Northern Trust from $97.00 to $103.00 and gave the company an “underweight” rating in a research note on Thursday, October 24th. Barclays raised 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. Finally, Royal Bank of Canada boosted their price objective 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. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $99.33.

Insider Buying and Selling at Northern Trust

In other Northern Trust news, EVP Susan Cohen Levy sold 19,585 shares of the stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $102.26, for a total transaction of $2,002,762.10. Following the completion of the sale, the executive vice president now directly owns 17,132 shares of the company’s stock, valued at approximately $1,751,918.32. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, EVP Susan Cohen Levy sold 19,585 shares of the stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $102.26, for a total transaction of $2,002,762.10. Following the completion of the sale, the executive vice president now owns 17,132 shares of the company’s stock, valued at $1,751,918.32. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Teresa Parker sold 5,883 shares of Northern Trust stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 83,765 shares in the company, valued at $7,041,285.90. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 65,636 shares of company stock worth $6,443,204 over the last quarter. 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.