Mowery & Schoenfeld Wealth Management LLC Trims Stock Holdings in Northern Trust Co. (NASDAQ:NTRS)

Mowery & Schoenfeld Wealth Management LLC reduced its holdings in shares of Northern Trust Co. (NASDAQ:NTRS) by 4.1% in the third quarter, Holdings Channel.com reports. The fund owned 2,651 shares of the asset manager’s stock after selling 112 shares during the quarter. Mowery & Schoenfeld Wealth Management LLC’s holdings in Northern Trust were worth $239,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Olistico Wealth LLC bought a new stake in shares of Northern Trust during the second quarter worth $25,000. Innealta Capital LLC purchased a new position in Northern Trust in the 2nd quarter worth about $26,000. Ridgewood Investments LLC bought a new stake in Northern Trust during the 2nd quarter valued at about $30,000. Versant Capital Management Inc boosted its position in Northern Trust by 343.9% in the 2nd quarter. Versant Capital Management Inc now owns 435 shares of the asset manager’s stock valued at $37,000 after buying an additional 337 shares during the period. Finally, Northwest Investment Counselors LLC bought a new position in Northern Trust in the 3rd quarter worth about $39,000. Hedge funds and other institutional investors own 83.19% of the company’s stock.

Insider Buying and Selling

In other Northern Trust news, EVP Teresa Parker sold 5,883 shares of the firm’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 completion of the sale, the executive vice president now owns 83,765 shares of the company’s stock, valued at approximately $7,041,285.90. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Teresa Parker sold 5,883 shares of the stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $84.06, for a total value of $494,524.98. Following the completion of the transaction, the executive vice president now directly owns 83,765 shares of the company’s stock, valued at $7,041,285.90. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Charles A. Tribbett sold 1,855 shares of the business’s stock in a transaction that occurred 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 sale, the director now directly owns 1,000 shares in the company, valued at approximately $88,120. This represents a 0.00 % decrease in their position. 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 in the last ninety days. 0.64% of the stock is owned by insiders.

Northern Trust Stock Down 0.2 %

NASDAQ:NTRS traded down $0.22 during midday trading on Thursday, reaching $102.29. 510,476 shares of the stock traded hands, compared to its average volume of 1,303,555. The stock has a market capitalization of $20.93 billion, a PE ratio of 22.64, a price-to-earnings-growth ratio of 1.44 and a beta of 1.08. Northern Trust Co. has a 12-month low of $62.44 and a 12-month high of $104.25. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.71 and a current ratio of 0.71. The business has a 50-day moving average of $90.51 and a two-hundred day moving average of $86.53.

Northern Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Friday, December 6th will be given a $0.75 dividend. The ex-dividend date is Friday, December 6th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.93%. Northern Trust’s payout ratio is 66.23%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. The Goldman Sachs Group downgraded shares of Northern Trust from a “neutral” rating to a “sell” rating and decreased their price target for the company from $84.00 to $82.00 in a research note on Thursday, September 26th. Keefe, Bruyette & Woods lowered their target price on Northern Trust from $92.00 to $85.00 and set a “market perform” rating for the company in a report on Thursday, June 27th. Deutsche Bank Aktiengesellschaft raised their price target on Northern Trust from $84.00 to $94.00 and gave the company a “hold” rating in a research note on Monday, September 23rd. Morgan Stanley upped their price objective on shares of Northern Trust from $93.00 to $97.00 and gave the stock an “underweight” rating in a research note on Monday, September 30th. Finally, Barclays raised their target price on shares of Northern Trust from $98.00 to $115.00 and gave the company an “equal weight” rating in a research report on Thursday. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $96.25.

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.