Davis R M Inc. Has $757,000 Stock Holdings in Northern Trust Co. (NASDAQ:NTRS)

Davis R M Inc. reduced its position in shares of Northern Trust Co. (NASDAQ:NTRS) by 24.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,404 shares of the asset manager’s stock after selling 2,662 shares during the quarter. Davis R M Inc.’s holdings in Northern Trust were worth $757,000 at the end of the most recent quarter.

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

Insider Activity at Northern Trust

In related news, Director Charles A. Tribbett sold 1,855 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $88.12, for a total transaction of $163,462.60. Following the sale, the director now directly owns 1,000 shares in the company, valued at approximately $88,120. This represents a 64.97 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Vice Chairman Steven L. Fradkin sold 27,874 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The stock was 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 directly owns 46,078 shares of the company’s stock, valued at approximately $4,630,839. This trade represents a 37.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 74,906 shares of company stock worth $7,643,252. Insiders own 0.64% of the company’s stock.

Northern Trust Stock Performance

Shares of NTRS stock opened at $110.53 on Tuesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.71 and a current ratio of 0.71. The firm has a market cap of $21.91 billion, a price-to-earnings ratio of 13.75, a P/E/G ratio of 1.23 and a beta of 1.06. Northern Trust Co. has a 52 week low of $75.68 and a 52 week high of $110.99. The firm’s 50-day simple moving average is $98.18 and its two-hundred day simple moving average is $89.96.

Northern Trust Announces Dividend

The company 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 yield of 2.71%. Northern Trust’s payout ratio is 37.31%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft upped their target price on shares of Northern Trust from $100.00 to $108.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Barclays increased their price objective on Northern Trust from $98.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 24th. 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. Wells Fargo & Company increased their price target on Northern Trust from $108.00 to $110.00 and gave the company an “equal weight” rating in a research report on Friday, November 15th. Finally, UBS Group lifted their price objective on shares of Northern Trust from $86.00 to $92.00 and gave the stock a “neutral” rating in a report on Tuesday, October 8th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $100.67.

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.