Coldstream Capital Management Inc. Has $571,000 Stock Holdings in Northern Trust Co. (NASDAQ:NTRS)

Coldstream Capital Management Inc. lifted its stake in shares of Northern Trust Co. (NASDAQ:NTRS) by 22.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,212 shares of the asset manager’s stock after purchasing an additional 1,157 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Northern Trust were worth $571,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of NTRS. Allworth Financial LP grew its stake in Northern Trust by 9.1% during the third quarter. Allworth Financial LP now owns 1,170 shares of the asset manager’s stock worth $105,000 after buying an additional 98 shares in the last quarter. Massmutual Trust Co. FSB ADV boosted its position in shares of Northern Trust by 14.5% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 922 shares of the asset manager’s stock worth $83,000 after acquiring an additional 117 shares in the last quarter. DekaBank Deutsche Girozentrale increased its stake in 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 acquiring an additional 120 shares during the last quarter. Mesirow Financial Investment Management Inc. increased its stake in Northern Trust by 0.4% in the third quarter. Mesirow Financial Investment Management Inc. now owns 35,673 shares of the asset manager’s stock valued at $3,212,000 after acquiring an additional 127 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in 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 purchasing an additional 131 shares in the last quarter. Institutional investors own 83.19% of the company’s stock.

Analyst Ratings Changes

NTRS has been the topic of several recent analyst reports. UBS Group lifted their price target on Northern Trust from $86.00 to $92.00 and gave the company a “neutral” rating in a research note on Tuesday, October 8th. Royal Bank of Canada lifted their target price on Northern Trust from $100.00 to $107.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. StockNews.com raised shares of Northern Trust from a “hold” rating to a “buy” rating in a report on Tuesday. The Goldman Sachs Group lowered 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 report on Thursday, September 26th. Finally, Evercore ISI increased 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 note on Thursday, October 24th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Northern Trust presently has a consensus rating of “Hold” and an average price target of $105.00.

Northern Trust Trading Down 0.4 %

NTRS opened at $104.98 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.71 and a quick ratio of 0.71. Northern Trust Co. has a fifty-two week low of $76.67 and a fifty-two week high of $111.87. The company’s 50 day moving average price is $103.30 and its two-hundred day moving average price is $92.20. The firm has a market capitalization of $20.81 billion, a price-to-earnings ratio of 13.06, a PEG ratio of 1.18 and a beta of 1.07.

Northern Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Investors of record on Friday, December 6th will be paid a $0.75 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $3.00 annualized dividend and a dividend yield of 2.86%. Northern Trust’s dividend payout ratio is 37.31%.

Insider Activity at Northern Trust

In related news, insider Teresa Parker sold 4,439 shares of Northern Trust stock in a transaction on Friday, October 25th. The shares were sold at an average price of $100.86, for a total transaction 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. This trade represents a 5.30 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman Steven L. Fradkin sold 27,874 shares of the company’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $100.50, for a total transaction of $2,801,337.00. Following the sale, the insider now directly owns 46,078 shares in the company, valued at $4,630,839. This trade represents a 37.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 82,151 shares of company stock worth $8,489,889 over the last three months. Company insiders own 0.64% of the company’s stock.

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.