Glenmede Trust Co. NA Has $13.18 Million Position in Northern Trust Co. (NASDAQ:NTRS)

Glenmede Trust Co. NA lessened its stake in shares of Northern Trust Co. (NASDAQ:NTRS) by 4.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 146,440 shares of the asset manager’s stock after selling 7,266 shares during the period. Glenmede Trust Co. NA’s holdings in Northern Trust were worth $13,184,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of NTRS. Olistico Wealth LLC bought a new stake in shares of Northern Trust during the 2nd quarter worth $25,000. Innealta Capital LLC bought a new stake in Northern Trust during the second quarter valued at about $26,000. Ridgewood Investments LLC acquired a new stake in shares of Northern Trust in the second quarter valued at about $30,000. Northwest Investment Counselors LLC bought a new position in shares of Northern Trust in the third quarter worth about $39,000. Finally, Versant Capital Management Inc lifted its position in shares of Northern Trust by 343.9% during the 2nd quarter. Versant Capital Management Inc now owns 435 shares of the asset manager’s stock worth $37,000 after purchasing an additional 337 shares during the last quarter. Institutional investors own 83.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on NTRS. Royal Bank of Canada raised their target price on Northern Trust from $100.00 to $107.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Evercore ISI boosted 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 report on Thursday, October 24th. Morgan Stanley increased their price target on shares of Northern Trust from $97.00 to $103.00 and gave the company an “underweight” rating in a report on Thursday, October 24th. UBS Group boosted their price objective on shares of Northern Trust from $86.00 to $92.00 and gave the stock a “neutral” rating in a report on Tuesday, October 8th. Finally, Wells Fargo & Company increased their target price on shares of Northern Trust from $108.00 to $110.00 and gave the company an “equal weight” rating in a research note on Friday, November 15th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $100.67.

Northern Trust Trading Down 0.1 %

Shares of NTRS opened at $110.59 on Friday. The stock has a 50 day simple moving average of $99.35 and a 200-day simple moving average of $90.41. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.58. The stock has a market cap of $21.92 billion, a PE ratio of 13.75, a PEG 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 Announces Dividend

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. The ex-dividend date is Friday, December 6th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.71%. Northern Trust’s payout ratio is presently 37.31%.

Insider Activity

In other news, 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 value of $163,462.60. Following the transaction, the director now directly owns 1,000 shares of the company’s stock, valued at $88,120. The trade was a 64.97 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Susan Cohen Levy sold 19,585 shares of the firm’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 sale, the executive vice president now directly owns 17,132 shares of the company’s stock, valued at $1,751,918.32. This represents a 53.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 74,906 shares of company stock worth $7,643,252. Corporate 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.