Northern Trust Co. (NASDAQ:NTRS) Shares Sold by Sanctuary Advisors LLC

Sanctuary Advisors LLC trimmed its position in shares of Northern Trust Co. (NASDAQ:NTRS) by 9.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,566 shares of the asset manager’s stock after selling 1,883 shares during the period. Sanctuary Advisors LLC’s holdings in Northern Trust were worth $1,581,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NTRS. &PARTNERS purchased a new stake in shares of Northern Trust during the second quarter worth about $265,000. Allspring Global Investments Holdings LLC increased its holdings in Northern Trust by 1.3% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 10,584 shares of the asset manager’s stock worth $889,000 after purchasing an additional 131 shares during the last quarter. AlphaStar Capital Management LLC raised its position in shares of Northern Trust by 884.4% in the 2nd quarter. AlphaStar Capital Management LLC now owns 24,481 shares of the asset manager’s stock valued at $2,056,000 after purchasing an additional 21,994 shares in the last quarter. K.J. Harrison & Partners Inc purchased a new position in shares of Northern Trust during the 2nd quarter valued at approximately $420,000. Finally, HB Wealth Management LLC grew its position in shares of Northern Trust by 12.2% during the second quarter. HB Wealth Management LLC now owns 2,986 shares of the asset manager’s stock worth $251,000 after buying an additional 324 shares in the last quarter. Hedge funds and other institutional investors own 83.19% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on NTRS. Deutsche Bank Aktiengesellschaft upped their price target on shares of Northern Trust from $100.00 to $108.00 and gave the company a “hold” rating in a report on Monday, November 11th. Evercore ISI increased their price target 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. Barclays boosted their price objective on Northern Trust from $98.00 to $115.00 and gave the company an “equal weight” rating in a report on Thursday, October 24th. StockNews.com raised Northern Trust from a “hold” rating to a “buy” rating in a report on Tuesday, December 10th. Finally, Royal Bank of Canada lifted their target price on Northern Trust from $100.00 to $107.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $105.00.

Northern Trust Stock Performance

Shares of NTRS opened at $100.51 on Friday. The firm has a fifty day moving average of $104.24 and a 200-day moving average of $92.75. The company has a market cap of $19.92 billion, a price-to-earnings ratio of 12.50, a price-to-earnings-growth ratio of 1.18 and a beta of 1.07. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.71 and a current ratio of 0.71. Northern Trust Co. has a 1 year low of $76.67 and a 1 year high of $111.87.

Northern Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders of record on Friday, December 6th will be paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date of this dividend is Friday, December 6th. Northern Trust’s payout ratio is 37.31%.

Insiders Place Their Bets

In related news, Vice Chairman Steven L. Fradkin sold 9,100 shares of the stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $111.00, for a total value of $1,010,100.00. Following the completion of the transaction, the insider now directly owns 47,797 shares of the company’s stock, valued at $5,305,467. This represents a 15.99 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 value of $447,717.54. Following the sale, the insider now directly owns 79,326 shares in the company, valued at $8,000,820.36. The trade was a 5.30 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 82,151 shares of company stock worth $8,489,889. 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.