Natixis Advisors LLC Has $7.36 Million Position in Northern Trust Co. (NASDAQ:NTRS)

Natixis Advisors LLC lifted its position in shares of Northern Trust Co. (NASDAQ:NTRS) by 31.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 81,774 shares of the asset manager’s stock after purchasing an additional 19,655 shares during the period. Natixis Advisors LLC’s holdings in Northern Trust were worth $7,362,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in NTRS. Bessemer Group Inc. increased its position in Northern Trust by 668.0% in the 1st quarter. Bessemer Group Inc. now owns 20,205 shares of the asset manager’s stock valued at $1,797,000 after acquiring an additional 17,574 shares during the period. Swedbank AB bought a new position in Northern Trust during the 1st quarter worth $1,407,000. Tidal Investments LLC raised its position in Northern Trust by 141.3% during the 1st quarter. Tidal Investments LLC now owns 13,771 shares of the asset manager’s stock worth $1,224,000 after purchasing an additional 8,063 shares during the last quarter. Lazard Asset Management LLC bought a new stake in shares of Northern Trust in the 1st quarter valued at about $2,761,000. Finally, M&G Plc acquired a new stake in shares of Northern Trust in the second quarter valued at about $971,000. Institutional investors and hedge funds own 83.19% of the company’s stock.

Northern Trust Stock Up 1.3 %

Northern Trust stock opened at $109.32 on Friday. 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 12-month low of $75.43 and a 12-month high of $109.54. The firm’s fifty day moving average is $97.34 and its 200 day moving average is $89.56. The company has a market capitalization of $21.67 billion, a PE ratio of 13.60, a PEG ratio of 1.21 and a beta of 1.06.

Northern Trust Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Friday, December 6th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.74%. Northern Trust’s payout ratio is presently 37.31%.

Insiders Place Their Bets

In other Northern Trust news, COO Peter Cherecwich sold 16,153 shares of the company’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $105.18, for a total transaction of $1,698,972.54. Following the transaction, the chief operating officer now owns 4,397 shares in the company, valued at approximately $462,476.46. This represents a 78.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Vice Chairman Steven L. Fradkin sold 27,874 shares of the company’s stock in a transaction on 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 in the company, valued at approximately $4,630,839. The trade was a 37.69 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 80,906 shares of company stock worth $8,176,652. Insiders own 0.64% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on NTRS. Bank of America lifted their price objective on Northern Trust from $103.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Royal Bank of Canada boosted their price target on shares of Northern Trust from $100.00 to $107.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Wells Fargo & Company boosted their price target on shares of Northern Trust from $108.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Friday, November 15th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Northern Trust from $100.00 to $108.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. 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 report on Thursday, September 26th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Northern Trust has a consensus rating of “Hold” and an average target price of $100.67.

Northern Trust 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.