Boston Trust Walden Corp Lowers Position in Northern Trust Co. (NASDAQ:NTRS)

Boston Trust Walden Corp decreased its stake in shares of Northern Trust Co. (NASDAQ:NTRS) by 7.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 914,492 shares of the asset manager’s stock after selling 72,431 shares during the period. Boston Trust Walden Corp owned about 0.45% of Northern Trust worth $82,332,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. CANADA LIFE ASSURANCE Co boosted its holdings in Northern Trust by 6.8% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 360,640 shares of the asset manager’s stock worth $32,111,000 after acquiring an additional 23,020 shares during the last quarter. Sequoia Financial Advisors LLC grew its position in Northern Trust by 557.8% in the 1st quarter. Sequoia Financial Advisors LLC now owns 30,813 shares of the asset manager’s stock worth $2,740,000 after purchasing an additional 26,129 shares in the last quarter. Bessemer Group Inc. increased its stake in Northern Trust by 668.0% in the 1st quarter. Bessemer Group Inc. now owns 20,205 shares of the asset manager’s stock valued at $1,797,000 after buying an additional 17,574 shares during the last quarter. AIA Group Ltd boosted its stake in shares of Northern Trust by 4.3% in the 1st quarter. AIA Group Ltd now owns 602,785 shares of the asset manager’s stock worth $53,600,000 after buying an additional 24,791 shares during the last quarter. Finally, Intech Investment Management LLC grew its holdings in shares of Northern Trust by 1,891.1% in the first quarter. Intech Investment Management LLC now owns 56,845 shares of the asset manager’s stock valued at $5,055,000 after acquiring an additional 53,990 shares in the last quarter. Institutional investors own 83.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on NTRS shares. Deutsche Bank Aktiengesellschaft boosted their price objective on Northern Trust from $84.00 to $94.00 and gave the stock a “hold” rating in a research report on Monday, September 23rd. Royal Bank of Canada boosted their price target on shares of Northern Trust from $100.00 to $107.00 and gave the stock an “outperform” rating in a report on Thursday. Bank of America raised their price objective on shares of Northern Trust from $103.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday. Evercore ISI boosted their target price on shares of Northern Trust from $86.00 to $103.00 and gave the company an “in-line” rating in a research note on Thursday. Finally, Wells Fargo & Company raised their price target on shares of Northern Trust from $92.00 to $108.00 and gave the stock an “equal weight” rating in a research note on Thursday. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $99.33.

Northern Trust Stock Performance

Shares of NASDAQ NTRS traded down $2.60 during mid-day trading on Friday, hitting $100.19. The company had a trading volume of 1,482,296 shares, compared to its average volume of 1,312,110. 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 1 year low of $63.43 and a 1 year high of $104.25. The company has a market capitalization of $20.50 billion, a price-to-earnings ratio of 22.12, a P/E/G ratio of 1.65 and a beta of 1.08. The stock’s 50-day moving average price is $91.10 and its 200-day moving average price is $86.73.

Northern Trust Announces Dividend

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 dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date is Friday, December 6th. Northern Trust’s payout ratio is presently 66.23%.

Insider Activity

In other news, Director Charles A. Tribbett sold 1,855 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at approximately $88,120. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Charles A. Tribbett sold 1,855 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $88.12, for a total value of $163,462.60. Following the sale, the director now owns 1,000 shares in the company, valued at approximately $88,120. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Teresa Parker sold 5,883 shares of the business’s stock in a transaction dated 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 approximately $7,041,285.90. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 13,738 shares of company stock worth $1,191,388 over the last ninety days. Company insiders own 0.64% of the company’s stock.

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.