Central Pacific Bank Trust Division Sells 1,000 Shares of Northern Trust Co. (NASDAQ:NTRS)

Central Pacific Bank Trust Division decreased its position in shares of Northern Trust Co. (NASDAQ:NTRS) by 21.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,600 shares of the asset manager’s stock after selling 1,000 shares during the quarter. Central Pacific Bank Trust Division’s holdings in Northern Trust were worth $369,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of NTRS. Northwest Investment Counselors LLC acquired a new stake in Northern Trust in the third quarter worth $39,000. Capital Performance Advisors LLP acquired a new stake in Northern Trust during the 3rd quarter worth $48,000. Eastern Bank bought a new position in Northern Trust during the third quarter worth about $51,000. Catalyst Capital Advisors LLC bought a new stake in shares of Northern Trust in the third quarter worth about $68,000. Finally, Versant Capital Management Inc raised its position in shares of Northern Trust by 34.9% during the fourth quarter. Versant Capital Management Inc now owns 684 shares of the asset manager’s stock worth $70,000 after purchasing an additional 177 shares during the period. Institutional investors and hedge funds own 83.19% of the company’s stock.

Insider Buying and Selling

In other Northern Trust news, Vice Chairman Steven L. Fradkin sold 9,100 shares of the company’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $111.00, for a total value of $1,010,100.00. Following the transaction, the insider now directly owns 47,797 shares in the company, valued at $5,305,467. The trade was a 15.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Thomas A. South sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $105.80, for a total transaction of $529,000.00. Following the sale, the executive vice president now owns 49,756 shares of the company’s stock, valued at $5,264,184.80. This trade represents a 9.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 82,151 shares of company stock worth $8,489,889. Company insiders own 0.64% of the company’s stock.

Northern Trust Stock Performance

NASDAQ NTRS opened at $103.28 on Friday. The firm has a market capitalization of $20.47 billion, a P/E ratio of 12.85, a price-to-earnings-growth ratio of 1.18 and a beta of 1.07. 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 firm’s fifty day moving average price is $105.53 and its two-hundred day moving average price is $94.18. Northern Trust Co. has a 1 year low of $76.67 and a 1 year high of $111.87.

Northern Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 1st. Investors of record on Friday, December 6th were paid a $0.75 dividend. The ex-dividend date was Friday, December 6th. This represents a $3.00 annualized dividend and a yield of 2.90%. Northern Trust’s dividend payout ratio (DPR) is currently 37.31%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on NTRS shares. Barclays boosted their price objective on Northern Trust from $98.00 to $115.00 and gave the company an “equal weight” rating in a research report on Thursday, October 24th. Keefe, Bruyette & Woods raised their price objective on shares of Northern Trust from $100.00 to $113.00 and gave the stock a “market perform” rating in a report on Tuesday, December 3rd. 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 research note on Monday, November 11th. Royal Bank of Canada boosted their price target on Northern Trust from $100.00 to $107.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Finally, Bank of America increased their price objective on Northern Trust from $103.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $106.64.

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.