Versant Capital Management Inc Has $70,000 Holdings in Northern Trust Co. (NASDAQ:NTRS)

Versant Capital Management Inc lifted its holdings in shares of Northern Trust Co. (NASDAQ:NTRS) by 34.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 684 shares of the asset manager’s stock after acquiring an additional 177 shares during the period. Versant Capital Management Inc’s holdings in Northern Trust were worth $70,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of NTRS. FMR LLC grew its holdings 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 during the period. Massachusetts Financial Services Co. MA boosted its position in shares of Northern Trust by 13.0% in 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 grew its stake in shares of Northern Trust by 0.5% during the third quarter. Primecap Management Co. CA now owns 7,085,117 shares of the asset manager’s stock worth $637,873,000 after purchasing an additional 38,360 shares during the period. JPMorgan Chase & Co. increased its holdings in Northern Trust by 9.9% in the third 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 during the last quarter. Finally, Ariel Investments LLC lifted its stake 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 buying an additional 91,816 shares during the period. 83.19% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on NTRS. Deutsche Bank Aktiengesellschaft boosted their target price on Northern Trust from $100.00 to $108.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Morgan Stanley lowered their target price on shares of Northern Trust from $127.00 to $125.00 and set an “equal weight” rating for the company in a research note on Friday. Evercore ISI lifted their price target on shares of Northern Trust from $86.00 to $103.00 and gave the stock an “in-line” rating in a research report on Thursday, October 24th. Keefe, Bruyette & Woods upped their price objective on shares of Northern Trust from $100.00 to $113.00 and gave the company a “market perform” rating in a research report on Tuesday, December 3rd. Finally, StockNews.com upgraded Northern Trust from a “hold” rating to a “buy” rating in a report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Northern Trust presently has a consensus rating of “Hold” and an average price target of $106.64.

Northern Trust Stock Performance

NTRS opened at $103.28 on Monday. 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 market capitalization of $20.47 billion, a price-to-earnings ratio of 12.85, a P/E/G ratio of 1.18 and a beta of 1.07. The business’s 50-day moving average price is $105.59 and its two-hundred day moving average price is $94.49. Northern Trust Co. has a 1 year low of $76.67 and a 1 year high of $111.87.

Northern Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 1st. Shareholders of record on Friday, December 6th were paid a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 2.90%. The ex-dividend date of this dividend was Friday, December 6th. Northern Trust’s payout ratio is 37.31%.

Insiders Place Their Bets

In other news, Vice Chairman Steven L. Fradkin sold 9,100 shares of the stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $111.00, for a total transaction of $1,010,100.00. Following the completion of the transaction, the insider now directly owns 47,797 shares in the company, valued at $5,305,467. This represents a 15.99 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Teresa Parker sold 4,439 shares of the firm’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $100.86, for a total value of $447,717.54. Following the completion of the transaction, the insider now owns 79,326 shares of the company’s stock, valued at $8,000,820.36. The trade was a 5.30 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 82,151 shares of company stock valued at $8,489,889 in the last quarter. 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.