GSA Capital Partners LLP Has $217,000 Stock Holdings in Northern Trust Co. (NASDAQ:NTRS)

GSA Capital Partners LLP decreased its holdings in shares of Northern Trust Co. (NASDAQ:NTRS) by 83.5% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 2,413 shares of the asset manager’s stock after selling 12,208 shares during the period. GSA Capital Partners LLP’s holdings in Northern Trust were worth $217,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Olistico Wealth LLC bought a new stake in Northern Trust in the second quarter valued at about $25,000. Innealta Capital LLC acquired a new position in shares of Northern Trust in the 2nd quarter valued at $26,000. Ridgewood Investments LLC acquired a new position in shares of Northern Trust in the 2nd quarter valued at $30,000. Versant Capital Management Inc lifted 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 acquiring an additional 337 shares in the last quarter. Finally, Northwest Investment Counselors LLC acquired a new position in Northern Trust in the third quarter valued at about $39,000. Institutional investors and hedge funds own 83.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft raised their price target on Northern Trust from $100.00 to $108.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Bank of America upped their price target on shares of Northern Trust from $103.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Morgan Stanley raised their price objective on shares of Northern Trust from $97.00 to $103.00 and gave the stock an “underweight” rating in a report on Thursday, October 24th. Barclays upped their target price on shares of Northern Trust from $98.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 24th. Finally, StockNews.com raised Northern Trust from a “hold” rating to a “buy” rating in a research report on Tuesday, November 12th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Northern Trust has a consensus rating of “Hold” and a consensus price target of $100.67.

Northern Trust Stock Up 0.5 %

NTRS opened at $109.46 on Monday. The stock’s fifty day simple moving average is $97.76 and its 200 day simple moving average is $89.79. Northern Trust Co. has a 1-year low of $75.55 and a 1-year high of $109.92. The stock has a market cap of $21.70 billion, a PE ratio of 13.61, a price-to-earnings-growth ratio of 1.23 and a beta of 1.06. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.58.

Northern Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 1st. Investors of record on Friday, December 6th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 2.74%. The ex-dividend date of this dividend is Friday, December 6th. Northern Trust’s payout ratio is 37.31%.

Insider Activity at Northern Trust

In other news, EVP Mark C. Gossett sold 6,000 shares of Northern Trust stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $88.90, for a total transaction of $533,400.00. Following the completion of the sale, the executive vice president now owns 28,707 shares of the company’s stock, valued at approximately $2,552,052.30. This trade represents a 17.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Thomas A. South sold 5,000 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $105.80, for a total transaction of $529,000.00. Following the completion of the transaction, the executive vice president now owns 49,756 shares in the company, 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. In the last 90 days, insiders have sold 80,906 shares of company stock worth $8,176,652. 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.