Lowe Brockenbrough & Co. Inc. Cuts Stock Holdings in Northern Trust Co. (NASDAQ:NTRS)

Lowe Brockenbrough & Co. Inc. lessened its holdings in Northern Trust Co. (NASDAQ:NTRS) by 1.8% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 10,883 shares of the asset manager’s stock after selling 198 shares during the period. Lowe Brockenbrough & Co. Inc.’s holdings in Northern Trust were worth $988,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Allworth Financial LP boosted its position in Northern Trust by 9.1% during the 3rd quarter. Allworth Financial LP now owns 1,170 shares of the asset manager’s stock valued at $105,000 after acquiring an additional 98 shares in the last quarter. Massmutual Trust Co. FSB ADV boosted its position in Northern Trust by 14.5% during the third quarter. Massmutual Trust Co. FSB ADV now owns 922 shares of the asset manager’s stock valued at $83,000 after purchasing an additional 117 shares in the last quarter. DekaBank Deutsche Girozentrale grew 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 purchasing an additional 120 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings 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 purchasing an additional 131 shares in the last quarter. Finally, Koshinski Asset Management Inc. boosted its holdings in shares of Northern Trust by 2.4% in the 3rd quarter. Koshinski Asset Management Inc. now owns 6,488 shares of the asset manager’s stock valued at $584,000 after buying an additional 153 shares in the last quarter. 83.19% of the stock is currently owned by institutional investors.

Insider Transactions at Northern Trust

In other Northern Trust news, EVP Teresa Parker sold 5,883 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $84.06, for a total value of $494,524.98. Following the completion of the transaction, the executive vice president now directly owns 83,765 shares of the company’s stock, valued at approximately $7,041,285.90. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Northern Trust news, EVP Teresa Parker sold 5,883 shares of the 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 completion of the sale, the executive vice president now owns 83,765 shares in the company, valued at approximately $7,041,285.90. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman Steven L. Fradkin sold 27,874 shares of the business’s stock in a transaction dated 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 completion of the transaction, the insider now owns 46,078 shares in the company, valued at $4,630,839. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 65,636 shares of company stock worth $6,443,204 over the last quarter. 0.64% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

NTRS has been the subject of several recent analyst reports. Barclays raised their target price on shares of Northern Trust from $98.00 to $115.00 and gave the company an “equal weight” rating in a research note on Thursday, October 24th. Wells Fargo & Company boosted their target price on Northern Trust from $92.00 to $108.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 24th. Morgan Stanley increased their price target on Northern Trust from $97.00 to $103.00 and gave the company an “underweight” rating in a research note on Thursday, October 24th. Deutsche Bank Aktiengesellschaft boosted their price target on Northern Trust from $84.00 to $94.00 and gave the stock a “hold” rating in a research note on Monday, September 23rd. Finally, Bank of America lifted their target price on shares of Northern Trust from $103.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Northern Trust presently has a consensus rating of “Hold” and an average target price of $99.33.

Northern Trust Trading Down 0.6 %

Shares of Northern Trust stock opened at $99.93 on Friday. The stock has a market cap of $19.81 billion, a PE ratio of 12.43, a price-to-earnings-growth ratio of 1.17 and a beta of 1.06. The firm has a fifty day moving average price of $92.51 and a 200 day moving average price of $87.34. Northern Trust Co. has a 1 year low of $67.46 and a 1 year high of $104.25. 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 Dividend Announcement

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

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.