15,816 Shares in Northern Trust Co. (NASDAQ:NTRS) Purchased by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd bought a new stake in shares of Northern Trust Co. (NASDAQ:NTRS) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 15,816 shares of the asset manager’s stock, valued at approximately $1,424,000.

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

Analyst Ratings Changes

Several brokerages recently issued reports on NTRS. Wells Fargo & Company increased their price objective on Northern Trust from $108.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Friday, November 15th. Morgan Stanley increased their price target on Northern Trust from $97.00 to $103.00 and gave the stock an “underweight” rating in a research report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft lifted their price objective on Northern Trust from $100.00 to $108.00 and gave the company a “hold” rating in a report on Monday, November 11th. StockNews.com upgraded shares of Northern Trust from a “hold” rating to a “buy” rating in a report on Tuesday, November 12th. Finally, UBS Group raised their target price on shares of Northern Trust from $86.00 to $92.00 and gave the company a “neutral” rating in a research report on Tuesday, October 8th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $100.67.

Northern Trust Stock Performance

Shares of NTRS stock opened at $110.75 on Wednesday. Northern Trust Co. has a 12-month low of $75.68 and a 12-month high of $111.19. The business’s fifty day simple moving average is $98.58 and its 200-day simple moving average is $90.13. 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 company has a market cap of $21.95 billion, a PE ratio of 13.77, a PEG ratio of 1.23 and a beta of 1.06.

Northern Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 1st. Investors of record on Friday, December 6th will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 2.71%. The ex-dividend date is Friday, December 6th. Northern Trust’s dividend payout ratio is currently 37.31%.

Insider Buying and Selling at Northern Trust

In other news, EVP Thomas A. South sold 5,000 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $105.80, for a total transaction of $529,000.00. Following the transaction, the executive vice president now owns 49,756 shares in the company, valued at $5,264,184.80. This represents a 9.13 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Peter Cherecwich sold 16,153 shares of Northern Trust stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $105.18, for a total transaction of $1,698,972.54. Following the completion of the sale, the chief operating officer now owns 4,397 shares of the company’s stock, valued at $462,476.46. This trade represents a 78.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 74,906 shares of company stock worth $7,643,252. 0.64% of the stock is owned by insiders.

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.