Segall Bryant & Hamill LLC decreased its holdings in Northern Trust Co. (NASDAQ:NTRS) by 2.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 346,863 shares of the asset manager’s stock after selling 8,273 shares during the period. Segall Bryant & Hamill LLC owned 0.15% of Northern Trust worth $31,887,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Salem Investment Counselors Inc. grew its stake in Northern Trust by 8.3% during the second quarter. Salem Investment Counselors Inc. now owns 1,083 shares of the asset manager’s stock valued at $105,000 after acquiring an additional 83 shares in the last quarter. Dupont Capital Management Corp purchased a new position in Northern Trust in the 2nd quarter worth approximately $107,000. MPS Loria Financial Planners LLC purchased a new position in Northern Trust in the 2nd quarter worth approximately $134,000. Bessemer Group Inc. grew its stake in Northern Trust by 16.9% in the 2nd quarter. Bessemer Group Inc. now owns 1,461 shares of the asset manager’s stock worth $143,000 after buying an additional 211 shares in the last quarter. Finally, Sun Life Financial INC grew its stake in Northern Trust by 15,740.0% in the 2nd quarter. Sun Life Financial INC now owns 1,584 shares of the asset manager’s stock worth $154,000 after buying an additional 1,574 shares in the last quarter. Hedge funds and other institutional investors own 81.69% of the company’s stock.
Northern Trust Co. (NTRS) traded down $0.43 on Friday, reaching $99.89. 637,509 shares of the company’s stock traded hands, compared to its average volume of 858,150. Northern Trust Co. has a 1-year low of $81.92 and a 1-year high of $101.46. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.37. The company has a market cap of $22,814.88, a PE ratio of 22.10, a P/E/G ratio of 2.14 and a beta of 0.96.
The firm also recently announced a quarterly dividend, which will be paid on Monday, January 1st. Investors of record on Friday, December 1st will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date is Thursday, November 30th. Northern Trust’s dividend payout ratio (DPR) is presently 37.17%.
A number of equities analysts have commented on the stock. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $110.00 price target on shares of Northern Trust in a research note on Friday, December 22nd. Zacks Investment Research upgraded shares of Northern Trust from a “hold” rating to a “buy” rating and set a $110.00 price objective for the company in a report on Tuesday, December 19th. Wells Fargo & Co set a $105.00 price objective on shares of Northern Trust and gave the stock a “hold” rating in a report on Wednesday, December 20th. Bank of America set a $102.00 price target on shares of Northern Trust and gave the company a “buy” rating in a report on Thursday, October 19th. Finally, Morgan Stanley upped their price target on shares of Northern Trust from $83.00 to $91.00 and gave the company an “underweight” rating in a report on Thursday, October 19th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $98.50.
In other Northern Trust news, COO Jana R. Schreuder sold 18,489 shares of Northern Trust stock in a transaction on Monday, December 4th. The shares were sold at an average price of $99.20, for a total transaction of $1,834,108.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Frederick H. Waddell sold 177,964 shares of Northern Trust stock in a transaction on Wednesday, October 18th. The stock was sold at an average price of $95.64, for a total transaction of $17,020,476.96. The disclosure for this sale can be found here. Over the last three months, insiders sold 324,382 shares of company stock valued at $31,276,013. 1.27% of the stock is currently owned by insiders.
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About Northern Trust
Northern Trust Corporation is a financial holding company. The Company provides asset servicing, fund administration, asset management, fiduciary and banking solutions for corporations, institutions, families and individuals across the world. Its segments include Corporate & Institutional Services (C&IS), Wealth Management, and Treasury and Other.
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