Robeco Institutional Asset Management B.V. Has $37.51 Million Holdings in Northern Trust Co. (NASDAQ:NTRS)

Robeco Institutional Asset Management B.V. raised its position in Northern Trust Co. (NASDAQ:NTRS) by 55.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 416,664 shares of the asset manager’s stock after purchasing an additional 148,584 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.21% of Northern Trust worth $37,512,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Olistico Wealth LLC acquired a new position in Northern Trust during the second quarter worth $25,000. Innealta Capital LLC bought a new stake in Northern Trust during the 2nd quarter worth about $26,000. Ridgewood Investments LLC acquired a new position in shares of Northern Trust during the 2nd quarter worth about $30,000. Northwest Investment Counselors LLC bought a new position in shares of Northern Trust in the 3rd quarter valued at about $39,000. Finally, Versant Capital Management Inc increased its position in shares of Northern Trust by 343.9% in the second 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 during the last quarter. 83.19% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Vice Chairman Steven L. Fradkin sold 27,874 shares of the company’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $100.50, for a total value of $2,801,337.00. Following the transaction, the insider now directly owns 46,078 shares in the company, valued at approximately $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 is accessible through this link. In related news, Vice Chairman Steven L. Fradkin sold 27,874 shares of the stock in a transaction that occurred 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 sale, the insider now owns 46,078 shares of the company’s stock, valued at $4,630,839. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Charles A. Tribbett sold 1,855 shares of Northern Trust stock in a transaction on Friday, September 13th. The shares were sold at an average price of $88.12, for a total value of $163,462.60. Following the completion of the transaction, the director now directly owns 1,000 shares of the company’s stock, valued at $88,120. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 65,636 shares of company stock worth $6,443,204 in the last 90 days. Company insiders own 0.64% of the company’s stock.

Northern Trust Price Performance

Northern Trust stock opened at $101.35 on Wednesday. The company has a market capitalization of $20.09 billion, a price-to-earnings ratio of 12.61, a PEG ratio of 1.17 and a beta of 1.06. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.58. Northern Trust Co. has a 12 month low of $68.97 and a 12 month high of $104.25. The stock’s 50 day moving average is $92.98 and its 200-day moving average is $87.65.

Northern Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders of record on Friday, December 6th will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 2.96%. The ex-dividend date is Friday, December 6th. Northern Trust’s payout ratio is 37.31%.

Analyst Upgrades and Downgrades

NTRS has been the subject of a number of analyst reports. Evercore ISI raised 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. Wells Fargo & Company boosted their target price on shares of Northern Trust from $92.00 to $108.00 and gave the stock an “equal weight” rating in a report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Northern Trust from $84.00 to $94.00 and gave the company a “hold” rating in a research note on Monday, September 23rd. UBS Group boosted their price objective on shares of Northern Trust from $86.00 to $92.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 8th. Finally, Royal Bank of Canada raised their target price on shares of Northern Trust from $100.00 to $107.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $99.33.

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.