Citigroup Inc. Has $12.37 Million Stock Position in Northern Trust Co. (NASDAQ:NTRS)

Citigroup Inc. lessened its holdings in shares of Northern Trust Co. (NASDAQ:NTRS) by 6.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 137,346 shares of the asset manager’s stock after selling 9,191 shares during the period. Citigroup Inc. owned 0.07% of Northern Trust worth $12,365,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of NTRS. Massachusetts Financial Services Co. MA raised its position in Northern Trust by 13.0% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 7,413,620 shares of the asset manager’s stock worth $622,596,000 after purchasing an additional 850,556 shares during the last quarter. Primecap Management Co. CA lifted its stake in shares of Northern Trust by 0.5% in the third quarter. Primecap Management Co. CA now owns 7,085,117 shares of the asset manager’s stock worth $637,873,000 after acquiring an additional 38,360 shares during the period. Ariel Investments LLC boosted its holdings in Northern Trust by 3.6% in the second quarter. Ariel Investments LLC now owns 2,644,205 shares of the asset manager’s stock valued at $222,060,000 after acquiring an additional 91,816 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Northern Trust by 12.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,003,675 shares of the asset manager’s stock valued at $168,253,000 after purchasing an additional 219,387 shares during the period. Finally, Thrivent Financial for Lutherans raised its holdings in Northern Trust by 2.0% during the 2nd quarter. Thrivent Financial for Lutherans now owns 1,401,680 shares of the asset manager’s stock worth $117,713,000 after purchasing an additional 26,984 shares during the last quarter. Institutional investors own 83.19% of the company’s stock.

Insider Transactions at Northern Trust

In other news, EVP Susan Cohen Levy sold 19,585 shares of the company’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $102.26, for a total value of $2,002,762.10. Following the completion of the sale, the executive vice president now owns 17,132 shares in the company, valued at $1,751,918.32. This represents a 53.34 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Charles A. Tribbett sold 1,855 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $88.12, for a total transaction of $163,462.60. Following the transaction, the director now directly owns 1,000 shares in the company, valued at $88,120. The trade was a 64.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 74,906 shares of company stock valued at $7,643,252 over the last ninety days. 0.64% of the stock is currently owned by insiders.

Northern Trust Stock Down 0.1 %

Shares of NASDAQ NTRS opened at $110.59 on Friday. 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 has a 50-day moving average price of $99.35 and a 200-day moving average price of $90.41. The stock has a market capitalization of $21.92 billion, a P/E ratio of 13.75, a P/E/G ratio of 1.24 and a beta of 1.06. Northern Trust Co. has a 1 year low of $75.70 and a 1 year high of $111.57.

Northern Trust Dividend Announcement

The business also recently disclosed 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 2.71%. The ex-dividend date is Friday, December 6th. Northern Trust’s dividend payout ratio is currently 37.31%.

Analysts Set New Price Targets

NTRS has been the subject of a number of analyst reports. Morgan Stanley lifted their target price on shares of Northern Trust from $97.00 to $103.00 and gave the stock an “underweight” rating in a research note on Thursday, October 24th. Deutsche Bank Aktiengesellschaft lifted their price objective on Northern Trust from $100.00 to $108.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. UBS Group upped their target price on Northern Trust from $86.00 to $92.00 and gave the company a “neutral” rating in a research report on Tuesday, October 8th. Barclays lifted their target price on Northern Trust from $98.00 to $115.00 and gave the stock an “equal weight” rating in a report on Thursday, October 24th. Finally, Bank of America increased their price target on Northern Trust from $103.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Northern Trust has a consensus rating of “Hold” and an average target price of $100.67.

Northern Trust Company 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.