Northern Trust Co. (NASDAQ:NTRS) Shares Sold by Ballentine Partners LLC

Ballentine Partners LLC lowered its stake in Northern Trust Co. (NASDAQ:NTRS) by 7.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,378 shares of the asset manager’s stock after selling 196 shares during the quarter. Ballentine Partners LLC’s holdings in Northern Trust were worth $214,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Olistico Wealth LLC bought a new stake in Northern Trust in the second quarter worth about $25,000. Innealta Capital LLC purchased a new position in Northern Trust during the 2nd quarter valued at about $26,000. Ridgewood Investments LLC purchased a new position in Northern Trust during the 2nd quarter valued at about $30,000. Versant Capital Management Inc grew its stake in Northern Trust by 343.9% during the 2nd quarter. Versant Capital Management Inc now owns 435 shares of the asset manager’s stock valued at $37,000 after acquiring an additional 337 shares in the last quarter. Finally, Northwest Investment Counselors LLC purchased a new position in Northern Trust during the 3rd quarter valued at about $39,000. Institutional investors and hedge funds own 83.19% of the company’s stock.

Northern Trust Stock Performance

Shares of NASDAQ NTRS opened at $102.32 on Wednesday. The business has a fifty day simple moving average of $91.72 and a 200 day simple moving average of $86.98. 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 capitalization of $20.63 billion, a price-to-earnings ratio of 12.73, a PEG ratio of 1.45 and a beta of 1.08. Northern Trust Co. has a one year low of $64.13 and a one year high of $104.25.

Northern Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 1st. Investors of record on Friday, December 6th will be paid a $0.75 dividend. 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 2.93%. Northern Trust’s payout ratio is 37.31%.

Wall Street Analyst Weigh In

Several brokerages recently commented on NTRS. Deutsche Bank Aktiengesellschaft boosted their price target on Northern Trust from $84.00 to $94.00 and gave the company a “hold” rating in a research note on Monday, September 23rd. Royal Bank of Canada boosted their price target on Northern Trust from $100.00 to $107.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Barclays boosted their price target on Northern Trust from $98.00 to $115.00 and gave the company an “equal weight” rating in a research note on Thursday, October 24th. Evercore ISI boosted their price target on Northern Trust from $86.00 to $103.00 and gave the company an “in-line” rating in a research note on Thursday, October 24th. Finally, Morgan Stanley boosted their price target on Northern Trust from $97.00 to $103.00 and gave the company an “underweight” rating in a research note on Thursday, October 24th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $99.33.

Insider Activity at Northern Trust

In related news, EVP Teresa Parker sold 5,883 shares of the company’s 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 directly owns 83,765 shares in the company, valued at approximately $7,041,285.90. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Northern Trust news, Vice Chairman Steven L. Fradkin sold 27,874 shares of the 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 completion of the transaction, the insider now directly owns 46,078 shares in the company, valued at $4,630,839. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 transaction, the executive vice president now owns 83,765 shares of the company’s stock, 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. Over the last ninety days, insiders sold 65,636 shares of company stock worth $6,443,204. 0.64% of the stock is owned by corporate insiders.

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.