Northern Trust Co. (NASDAQ:NTRS) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC boosted its position in shares of Northern Trust Co. (NASDAQ:NTRS) by 18.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 4,268 shares of the asset manager’s stock after acquiring an additional 677 shares during the quarter. GAMMA Investing LLC’s holdings in Northern Trust were worth $437,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in NTRS. Northwest Investment Counselors LLC acquired a new stake in shares of Northern Trust during the third quarter worth about $39,000. Capital Performance Advisors LLP acquired a new stake in Northern Trust during the 3rd quarter valued at approximately $48,000. Eastern Bank purchased a new stake in shares of Northern Trust in the 3rd quarter valued at $51,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Northern Trust in the third quarter worth $68,000. Finally, Versant Capital Management Inc raised its holdings 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 last quarter. Hedge funds and other institutional investors own 83.19% of the company’s stock.

Northern Trust Price Performance

Shares of Northern Trust stock opened at $103.28 on Monday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.71 and a quick ratio of 0.71. The business has a 50 day simple moving average of $105.59 and a two-hundred day simple moving average of $94.49. The stock has a market capitalization of $20.47 billion, a P/E ratio of 12.85, a PEG ratio of 1.18 and a beta of 1.07. Northern Trust Co. has a 12 month low of $76.67 and a 12 month high of $111.87.

Northern Trust Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on NTRS shares. UBS Group increased their price target on Northern Trust from $86.00 to $92.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 8th. Wells Fargo & Company lifted 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. 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 research note on Tuesday, December 3rd. Barclays boosted 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. Finally, StockNews.com upgraded shares of Northern Trust from a “hold” rating to a “buy” rating in a research report on Tuesday, December 10th. One equities 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. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $106.64.

Insiders Place Their Bets

In related news, EVP Susan Cohen Levy sold 19,585 shares of the business’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $102.26, for a total transaction of $2,002,762.10. Following the transaction, the executive vice president now directly owns 17,132 shares in the company, valued at approximately $1,751,918.32. The trade was a 53.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Teresa Parker sold 4,439 shares of the company’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $100.86, for a total transaction of $447,717.54. Following the sale, the insider now directly owns 79,326 shares of the company’s stock, valued at approximately $8,000,820.36. This represents a 5.30 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 82,151 shares of company stock valued at $8,489,889 in the last 90 days. 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.