Northern Trust Co. (NASDAQ:NTRS) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky trimmed its stake in shares of Northern Trust Co. (NASDAQ:NTRS) by 6.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,232 shares of the asset manager’s stock after selling 1,133 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Northern Trust were worth $1,371,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Coldstream Capital Management Inc. grew its stake in shares of Northern Trust by 22.9% during the 3rd quarter. Coldstream Capital Management Inc. now owns 6,212 shares of the asset manager’s stock worth $571,000 after purchasing an additional 1,157 shares during the period. LRI Investments LLC acquired a new stake in Northern Trust during the third quarter valued at $180,000. Harvest Investment Advisors LLC raised its position in shares of Northern Trust by 2.9% in the third quarter. Harvest Investment Advisors LLC now owns 16,986 shares of the asset manager’s stock worth $1,529,000 after acquiring an additional 475 shares during the period. Public Employees Retirement System of Ohio boosted its stake in shares of Northern Trust by 1.3% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 78,137 shares of the asset manager’s stock worth $7,035,000 after acquiring an additional 1,015 shares in the last quarter. Finally, Groupama Asset Managment grew its position in shares of Northern Trust by 113.6% during the 3rd quarter. Groupama Asset Managment now owns 7,186 shares of the asset manager’s stock valued at $647,000 after acquiring an additional 3,822 shares during the period. 83.19% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NTRS has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft upped their price target on Northern Trust from $100.00 to $108.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Royal Bank of Canada increased their target price on Northern Trust from $100.00 to $107.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Wells Fargo & Company boosted their price target on shares of Northern Trust from $108.00 to $110.00 and gave the stock an “equal weight” rating in a report on Friday, November 15th. Morgan Stanley raised shares of Northern Trust from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $103.00 to $127.00 in a report on Monday, December 9th. Finally, UBS Group lifted their target price on shares of Northern Trust from $86.00 to $92.00 and gave the company a “neutral” rating in a research report on Tuesday, October 8th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Northern Trust has an average rating of “Hold” and a consensus target price of $105.00.

Northern Trust Trading Down 0.8 %

NTRS opened at $104.71 on Wednesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.71 and a quick ratio of 0.71. The company’s 50 day simple moving average is $103.88 and its two-hundred day simple moving average is $92.64. The firm has a market capitalization of $20.76 billion, a price-to-earnings ratio of 13.02, a price-to-earnings-growth ratio of 1.18 and a beta of 1.07. Northern Trust Co. has a 1-year low of $76.67 and a 1-year high of $111.87.

Northern Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders of record on Friday, December 6th will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 2.87%. The ex-dividend date of this dividend is Friday, December 6th. Northern Trust’s payout ratio is currently 37.31%.

Insiders Place Their Bets

In related news, EVP Thomas A. South sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $105.80, for a total value of $529,000.00. Following the transaction, the executive vice president now directly owns 49,756 shares in the company, valued at approximately $5,264,184.80. This represents a 9.13 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Susan Cohen Levy sold 19,585 shares of the firm’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $102.26, for a total value of $2,002,762.10. Following the sale, the executive vice president now directly owns 17,132 shares of the company’s stock, valued at approximately $1,751,918.32. This trade represents a 53.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 82,151 shares of company stock valued at $8,489,889 in the last three months. 0.64% of the stock is currently owned by 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.