KBC Group NV Has $28.77 Million Stock Holdings in Northern Trust Co. (NASDAQ:NTRS)

KBC Group NV lowered its position in Northern Trust Co. (NASDAQ:NTRS) by 20.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 319,550 shares of the asset manager’s stock after selling 82,903 shares during the quarter. KBC Group NV owned 0.16% of Northern Trust worth $28,769,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Olistico Wealth LLC bought a new position in Northern Trust during the second quarter worth $25,000. Innealta Capital LLC bought a new position in shares of Northern Trust in the 2nd quarter worth about $26,000. Ridgewood Investments LLC bought a new position in shares of Northern Trust in the 2nd quarter worth about $30,000. Versant Capital Management Inc lifted its stake in 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 buying an additional 337 shares during the period. Finally, Northwest Investment Counselors LLC bought a new position in shares of Northern Trust during the 3rd quarter worth approximately $39,000. Institutional investors own 83.19% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on NTRS shares. StockNews.com raised shares of Northern Trust from a “hold” rating to a “buy” rating in a research note on Tuesday. Bank of America boosted their target price on shares of Northern Trust from $103.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Evercore ISI increased their price target on Northern Trust from $86.00 to $103.00 and gave the company an “in-line” rating in a research report on Thursday, October 24th. Morgan Stanley boosted their price objective on Northern Trust from $97.00 to $103.00 and gave the stock an “underweight” rating in a research report on Thursday, October 24th. Finally, The Goldman Sachs Group downgraded Northern Trust from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $84.00 to $82.00 in a research note on Thursday, September 26th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $100.67.

Insider Transactions at Northern Trust

In other news, EVP Thomas A. South sold 5,000 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $105.80, for a total transaction of $529,000.00. Following the transaction, the executive vice president now owns 49,756 shares in the company, valued at approximately $5,264,184.80. This trade represents a 9.13 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 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 owns 1,000 shares in the company, valued at $88,120. This represents a 64.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 80,906 shares of company stock worth $8,176,652. 0.64% of the stock is currently owned by insiders.

Northern Trust Stock Performance

NTRS opened at $107.60 on Friday. The stock has a market capitalization of $21.33 billion, a price-to-earnings ratio of 13.38, a PEG ratio of 1.20 and a beta of 1.06. The company has a fifty day moving average of $95.26 and a 200 day moving average of $88.69. 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 $73.98 and a fifty-two week high of $108.53.

Northern Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Investors of record on Friday, December 6th will be issued a dividend of $0.75 per share. The ex-dividend date is Friday, December 6th. This represents a $3.00 annualized dividend and a yield of 2.79%. Northern Trust’s payout ratio is presently 37.31%.

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.