Vanguard Personalized Indexing Management LLC Buys 2,619 Shares of Northern Trust Co. (NASDAQ:NTRS)

Vanguard Personalized Indexing Management LLC lifted its stake in shares of Northern Trust Co. (NASDAQ:NTRS) by 15.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,596 shares of the asset manager’s stock after buying an additional 2,619 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Northern Trust were worth $1,638,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Olistico Wealth LLC purchased a new position in shares of Northern Trust during the 2nd quarter worth approximately $25,000. Innealta Capital LLC bought a new stake in shares of Northern Trust during the second quarter valued at approximately $26,000. Spartan Planning & Wealth Management grew its stake in Northern Trust by 10,566.7% in the fourth quarter. Spartan Planning & Wealth Management now owns 320 shares of the asset manager’s stock worth $27,000 after purchasing an additional 317 shares during the period. Ridgewood Investments LLC purchased a new position in Northern Trust during the second quarter valued at $30,000. Finally, Versant Capital Management Inc lifted its position in Northern Trust by 343.9% during the second quarter. Versant Capital Management Inc now owns 435 shares of the asset manager’s stock valued at $37,000 after buying an additional 337 shares during the period. 83.19% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Charles A. Tribbett sold 1,855 shares of the stock in a transaction 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 transaction, the director now directly owns 1,000 shares of the company’s stock, valued at approximately $88,120. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Charles A. Tribbett sold 1,855 shares of the company’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 completion of the sale, the director now owns 1,000 shares of the company’s stock, valued at approximately $88,120. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mark C. Gossett sold 6,000 shares of the stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $88.90, for a total transaction of $533,400.00. Following the completion of the transaction, the executive vice president now owns 28,707 shares in the company, valued at approximately $2,552,052.30. The disclosure for this sale can be found here. In the last quarter, 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 Trading Down 0.8 %

Northern Trust stock opened at $91.90 on Friday. Northern Trust Co. has a one year low of $62.44 and a one year high of $92.82. The business’s fifty day moving average is $87.59 and its 200 day moving average is $85.27. The stock has a market capitalization of $18.80 billion, a PE ratio of 20.29, a price-to-earnings-growth ratio of 1.46 and a beta of 1.08. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.71 and a quick ratio of 0.71.

Northern Trust (NASDAQ:NTRS) last posted its earnings results on Wednesday, July 17th. The asset manager reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.03. Northern Trust had a net margin of 10.53% and a return on equity of 12.24%. The business had revenue of $2.72 billion for the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter in the prior year, the business earned $1.79 EPS. The business’s revenue for the quarter was up 53.8% compared to the same quarter last year. On average, sell-side analysts predict that Northern Trust Co. will post 7.01 EPS for the current year.

Northern Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, September 6th will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 3.26%. The ex-dividend date is Friday, September 6th. Northern Trust’s dividend payout ratio is currently 66.23%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on NTRS shares. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Northern Trust from $85.00 to $84.00 and set a “hold” rating for the company in a research note on Thursday, August 15th. Royal Bank of Canada lifted their target price on shares of Northern Trust from $86.00 to $90.00 and gave the company an “outperform” rating in a report on Thursday, July 18th. Morgan Stanley dropped their price target on Northern Trust from $97.00 to $93.00 and set an “underweight” rating on the stock in a research report on Tuesday, July 30th. The Goldman Sachs Group reduced their price objective on Northern Trust from $94.00 to $84.00 and set a “neutral” rating for the company in a research report on Tuesday, July 2nd. Finally, Keefe, Bruyette & Woods dropped their target price on Northern Trust from $92.00 to $85.00 and set a “market perform” rating on the stock in a report on Thursday, June 27th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Northern Trust has an average rating of “Hold” and an average price target of $88.75.

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.