Harbour Trust & Investment Management Co Sells 830 Shares of Northern Trust Co. (NASDAQ:NTRS)

Harbour Trust & Investment Management Co trimmed its holdings in shares of Northern Trust Co. (NASDAQ:NTRS) by 18.2% in the 3rd quarter, Holdings Channel reports. The firm owned 3,726 shares of the asset manager’s stock after selling 830 shares during the quarter. Harbour Trust & Investment Management Co’s holdings in Northern Trust were worth $335,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Massmutual Trust Co. FSB ADV lifted its holdings in Northern Trust by 14.5% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 922 shares of the asset manager’s stock valued at $83,000 after buying an additional 117 shares in the last quarter. DekaBank Deutsche Girozentrale grew its position in shares of Northern Trust by 0.3% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 43,713 shares of the asset manager’s stock worth $3,608,000 after buying an additional 120 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Northern Trust by 1.3% in the second quarter. Allspring Global Investments Holdings LLC now owns 10,584 shares of the asset manager’s stock worth $889,000 after acquiring an additional 131 shares during the period. Koshinski Asset Management Inc. grew its holdings in Northern Trust by 2.4% during the 3rd quarter. Koshinski Asset Management Inc. now owns 6,488 shares of the asset manager’s stock worth $584,000 after acquiring an additional 153 shares in the last quarter. Finally, OLD National Bancorp IN increased its position in Northern Trust by 2.3% during the 3rd quarter. OLD National Bancorp IN now owns 6,920 shares of the asset manager’s stock valued at $623,000 after purchasing an additional 156 shares during the period. 83.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. The Goldman Sachs Group downgraded shares of Northern Trust from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $84.00 to $82.00 in a research note on Thursday, September 26th. Bank of America increased their target price on Northern Trust from $103.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday. UBS Group upped their price objective on Northern Trust from $86.00 to $92.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 8th. Barclays lifted their target price on Northern Trust from $98.00 to $115.00 and gave the company an “equal weight” rating in a research note on Thursday. Finally, Keefe, Bruyette & Woods lowered their price target on shares of Northern Trust from $92.00 to $85.00 and set a “market perform” rating on the stock in a report on Thursday, June 27th. Three 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. According to MarketBeat, Northern Trust presently has an average rating of “Hold” and a consensus target price of $99.33.

Northern Trust Trading Up 0.3 %

Shares of NASDAQ:NTRS opened at $102.79 on Friday. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.58. Northern Trust Co. has a 52-week low of $62.44 and a 52-week high of $104.25. The stock has a market cap of $20.73 billion, a price-to-earnings ratio of 14.06, a PEG ratio of 1.65 and a beta of 1.08. The business has a 50-day moving average price of $90.51 and a 200-day moving average price of $86.53.

Northern Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders of record on Friday, December 6th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date of this dividend is Friday, December 6th. Northern Trust’s dividend payout ratio is presently 41.04%.

Insider Buying and Selling at Northern Trust

In other news, Director Charles A. Tribbett sold 1,855 shares of the stock in a transaction on Friday, September 13th. The shares were sold at an average price of $88.12, for a total value of $163,462.60. Following the sale, the director now owns 1,000 shares in the company, valued at $88,120. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Northern Trust news, Director Charles A. Tribbett sold 1,855 shares of the company’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $88.12, for a total value of $163,462.60. Following the sale, the director now directly owns 1,000 shares of the company’s stock, valued at approximately $88,120. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Teresa Parker sold 5,883 shares of Northern Trust stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $84.06, for a total value of $494,524.98. Following the transaction, the executive vice president now owns 83,765 shares of the company’s stock, valued at $7,041,285.90. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,738 shares of company stock worth $1,191,388. Company insiders own 0.64% of the company’s stock.

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.