IFM Investors Pty Ltd Purchases 594 Shares of Northern Trust Co. (NASDAQ:NTRS)

IFM Investors Pty Ltd increased its position in shares of Northern Trust Co. (NASDAQ:NTRS) by 1.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 47,938 shares of the asset manager’s stock after buying an additional 594 shares during the quarter. IFM Investors Pty Ltd’s holdings in Northern Trust were worth $4,316,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Massmutual Trust Co. FSB ADV lifted its holdings in shares of Northern Trust by 14.5% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 922 shares of the asset manager’s stock worth $83,000 after purchasing an additional 117 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its stake in shares of Northern Trust by 0.3% in the second quarter. DekaBank Deutsche Girozentrale now owns 43,713 shares of the asset manager’s stock valued at $3,608,000 after buying an additional 120 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Northern Trust by 1.3% during the second quarter. Allspring Global Investments Holdings LLC now owns 10,584 shares of the asset manager’s stock valued at $889,000 after buying an additional 131 shares during the last quarter. Koshinski Asset Management Inc. increased its position in shares of Northern Trust by 2.4% during the third quarter. Koshinski Asset Management Inc. now owns 6,488 shares of the asset manager’s stock worth $584,000 after acquiring an additional 153 shares in the last quarter. Finally, OLD National Bancorp IN raised its holdings in shares of Northern Trust by 2.3% in the 3rd quarter. OLD National Bancorp IN now owns 6,920 shares of the asset manager’s stock worth $623,000 after acquiring an additional 156 shares during the last quarter. Institutional investors and hedge funds own 83.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Bank of America lifted their price target on Northern Trust from $103.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday. Royal Bank of Canada upped their price target on Northern Trust from $100.00 to $107.00 and gave the stock an “outperform” rating in a report on Thursday. Barclays increased their price target on Northern Trust from $98.00 to $115.00 and gave the company an “equal weight” rating in a research report on Thursday. Evercore ISI upped their target price on shares of Northern Trust from $86.00 to $103.00 and gave the stock an “in-line” rating in a research note on Thursday. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Northern Trust from $84.00 to $94.00 and gave the company a “hold” rating in a research report on Monday, September 23rd. Three 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.com, Northern Trust presently has a consensus rating of “Hold” and an average price target of $99.33.

Northern Trust Stock Down 2.5 %

Northern Trust stock opened at $100.19 on Friday. The firm has a 50 day moving average price of $91.10 and a 200-day moving average price of $86.73. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.58. Northern Trust Co. has a twelve month low of $63.43 and a twelve month high of $104.25. The company has a market capitalization of $20.50 billion, a P/E ratio of 22.12, a P/E/G ratio of 1.65 and a beta of 1.08.

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 issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 2.99%. The ex-dividend date of this dividend is Friday, December 6th. Northern Trust’s dividend payout ratio (DPR) is 66.23%.

Insiders Place Their Bets

In other news, Director Charles A. Tribbett sold 1,855 shares of the company’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $88.12, for a total transaction of $163,462.60. Following the transaction, the director now owns 1,000 shares of the company’s stock, valued at $88,120. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Northern Trust news, EVP Mark C. Gossett sold 6,000 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $88.90, for a total transaction of $533,400.00. Following the sale, the executive vice president now owns 28,707 shares of the company’s stock, valued at $2,552,052.30. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Charles A. Tribbett sold 1,855 shares of the firm’s 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 completion of the transaction, the director now directly owns 1,000 shares of the company’s stock, valued at $88,120. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,738 shares of company stock valued at $1,191,388 over the last ninety days. 0.64% of the stock is currently owned by insiders.

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.