Northern Trust Co. (NASDAQ:NTRS) Shares Purchased by Everence Capital Management Inc.

Everence Capital Management Inc. grew its stake in shares of Northern Trust Co. (NASDAQ:NTRS) by 144.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,937 shares of the asset manager’s stock after purchasing an additional 8,830 shares during the quarter. Everence Capital Management Inc.’s holdings in Northern Trust were worth $1,531,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. FMR LLC lifted its position in Northern Trust by 9.3% during the 3rd quarter. FMR LLC now owns 18,187,663 shares of the asset manager’s stock worth $1,637,435,000 after acquiring an additional 1,542,685 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Northern Trust by 13.0% during the second 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 in the last quarter. Primecap Management Co. CA boosted 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 valued at $637,873,000 after purchasing an additional 38,360 shares during the period. JPMorgan Chase & Co. grew its holdings in Northern Trust by 9.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,296,442 shares of the asset manager’s stock valued at $386,809,000 after purchasing an additional 388,692 shares in the last quarter. Finally, Ariel Investments LLC increased its stake in Northern Trust by 3.6% during the 2nd quarter. Ariel Investments LLC now owns 2,644,205 shares of the asset manager’s stock worth $222,060,000 after buying an additional 91,816 shares during the period. Hedge funds and other institutional investors own 83.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on NTRS. Evercore ISI upped their price objective on shares of Northern Trust from $86.00 to $103.00 and gave the company an “in-line” rating in a research report on Thursday, October 24th. Barclays raised their price objective on Northern Trust from $98.00 to $115.00 and gave the company an “equal weight” rating in a research note on Thursday, October 24th. Keefe, Bruyette & Woods upped their target price on Northern Trust from $100.00 to $113.00 and gave the company a “market perform” rating in a research report on Tuesday, December 3rd. UBS Group lifted their price target on shares of Northern Trust from $86.00 to $92.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 8th. Finally, Morgan Stanley reduced their price objective on shares of Northern Trust from $127.00 to $125.00 and set an “equal weight” rating on the stock in a research note on Friday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $106.64.

Northern Trust Trading Up 0.3 %

NASDAQ NTRS opened at $103.28 on Friday. The firm has a market capitalization of $20.47 billion, a PE ratio of 12.85, a price-to-earnings-growth ratio of 1.18 and a beta of 1.07. Northern Trust Co. has a one year low of $76.67 and a one year high of $111.87. The company has a 50-day simple moving average of $105.53 and a 200-day simple moving average of $94.18. 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 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 1st. Stockholders of record on Friday, December 6th were given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date was Friday, December 6th. Northern Trust’s payout ratio is 37.31%.

Insider Buying and Selling

In related news, Vice Chairman Steven L. Fradkin sold 27,874 shares of the stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $100.50, for a total value of $2,801,337.00. Following the sale, the insider now owns 46,078 shares of the company’s stock, valued at $4,630,839. This trade represents a 37.69 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Peter Cherecwich sold 16,153 shares of the business’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $105.18, for a total transaction of $1,698,972.54. Following the transaction, the chief operating officer now directly owns 4,397 shares of the company’s stock, valued at $462,476.46. The trade was a 78.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 82,151 shares of company stock valued at $8,489,889. Insiders own 0.64% of the company’s stock.

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.