Northern Trust Co. (NASDAQ:NTRS) Shares Acquired by Creative Planning

Creative Planning raised its holdings in shares of Northern Trust Co. (NASDAQ:NTRS) by 4.1% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 24,582 shares of the asset manager’s stock after buying an additional 968 shares during the quarter. Creative Planning’s holdings in Northern Trust were worth $2,213,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the company. Massmutual Trust Co. FSB ADV increased its holdings in shares of Northern Trust by 14.5% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 922 shares of the asset manager’s stock valued at $83,000 after purchasing an additional 117 shares in the last quarter. DekaBank Deutsche Girozentrale increased its holdings in shares of Northern Trust by 0.3% during the 2nd 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 in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Northern Trust by 1.3% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 10,584 shares of the asset manager’s stock valued at $889,000 after purchasing an additional 131 shares in the last quarter. Koshinski Asset Management Inc. increased its holdings in shares of Northern Trust by 2.4% during the 3rd quarter. Koshinski Asset Management Inc. now owns 6,488 shares of the asset manager’s stock valued at $584,000 after purchasing an additional 153 shares in the last quarter. Finally, First Trust Direct Indexing L.P. increased its holdings in shares of Northern Trust by 4.5% during the 1st quarter. First Trust Direct Indexing L.P. now owns 4,257 shares of the asset manager’s stock valued at $379,000 after purchasing an additional 182 shares in the last quarter. 83.19% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on NTRS. Morgan Stanley boosted their price target on shares of Northern Trust from $97.00 to $103.00 and gave the stock an “underweight” rating in a report on Thursday. Evercore ISI boosted their price target on shares of Northern Trust from $86.00 to $103.00 and gave the stock an “in-line” rating in a report on Thursday. Bank of America boosted their price target on shares of Northern Trust from $103.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday. Barclays boosted their price target on shares of Northern Trust from $98.00 to $115.00 and gave the stock an “equal weight” rating in a report on Thursday. Finally, Royal Bank of Canada upped their target price on shares of Northern Trust from $100.00 to $107.00 and gave the stock an “outperform” rating in a report on Thursday. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $99.33.

Insider Activity

In other news, 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 value of $533,400.00. Following the completion of the sale, the executive vice president now directly owns 28,707 shares of the company’s stock, valued at approximately $2,552,052.30. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Northern Trust news, Director Charles A. Tribbett sold 1,855 shares of the firm’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $88.12, for a total value 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. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Mark C. Gossett sold 6,000 shares of the firm’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $88.90, for a total value of $533,400.00. Following the completion of the transaction, the executive vice president now owns 28,707 shares of the company’s stock, valued at approximately $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 ninety days, insiders sold 13,738 shares of company stock valued at $1,191,388. 0.64% of the stock is currently owned by company insiders.

Northern Trust Stock Down 2.5 %

NTRS stock opened at $100.19 on Monday. The company’s 50 day moving average price is $91.10 and its 200 day moving average price is $86.73. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.71 and a current ratio of 0.71. Northern Trust Co. has a fifty-two week low of $63.43 and a fifty-two week high of $104.25. The firm has a market capitalization of $20.50 billion, a price-to-earnings ratio of 22.12, a PEG ratio of 1.65 and a beta of 1.08.

Northern Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Friday, December 6th will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 2.99%. The ex-dividend date is Friday, December 6th. Northern Trust’s payout ratio is currently 66.23%.

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.