Northern Trust Co. (NASDAQ:NTRS) Shares Sold by Headlands Technologies LLC

Headlands Technologies LLC reduced its position in Northern Trust Co. (NASDAQ:NTRS) by 11.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,336 shares of the asset manager’s stock after selling 1,934 shares during the period. Headlands Technologies LLC’s holdings in Northern Trust were worth $1,294,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Deutsche Bank AG grew its holdings in shares of Northern Trust by 8.1% in the third quarter. Deutsche Bank AG now owns 597,143 shares of the asset manager’s stock valued at $41,489,000 after purchasing an additional 44,516 shares during the period. Financiere des Professionnels Fonds d investissement inc. raised its position in Northern Trust by 51.3% in the 4th quarter. Financiere des Professionnels Fonds d investissement inc. now owns 70,384 shares of the asset manager’s stock valued at $5,939,000 after purchasing an additional 23,859 shares during the last quarter. HB Wealth Management LLC acquired a new position in Northern Trust in the fourth quarter valued at $227,000. Nordea Investment Management AB increased its stake in Northern Trust by 2.4% in the third quarter. Nordea Investment Management AB now owns 12,962 shares of the asset manager’s stock valued at $907,000 after purchasing an additional 305 shares during the period. Finally, Pathstone Family Office LLC acquired a new position in Northern Trust in the third quarter valued at $715,000. Hedge funds and other institutional investors own 83.19% of the company’s stock.

Insider Activity at Northern Trust

In related news, insider Steven L. Fradkin sold 30,392 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $80.11, for a total transaction of $2,434,703.12. Following the transaction, the insider now owns 55,707 shares of the company’s stock, valued at $4,462,687.77. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.64% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Morgan Stanley reaffirmed an “underweight” rating and issued a $86.00 target price (up previously from $82.00) on shares of Northern Trust in a report on Tuesday, January 30th. TheStreet raised shares of Northern Trust from a “c+” rating to a “b-” rating in a research report on Friday, January 12th. Royal Bank of Canada increased their price objective on shares of Northern Trust from $82.00 to $86.00 and gave the stock an “outperform” rating in a research report on Friday, January 19th. UBS Group increased their price objective on shares of Northern Trust from $72.00 to $84.00 and gave the company a “neutral” rating in a research note on Tuesday, January 9th. Finally, Jefferies Financial Group increased their target price on shares of Northern Trust from $101.00 to $103.00 and gave the stock a “buy” rating in a report on Thursday, April 18th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $84.92.

Northern Trust Price Performance

Shares of NTRS opened at $83.38 on Friday. The firm has a market cap of $17.06 billion, a PE ratio of 18.41, a PEG ratio of 1.20 and a beta of 1.13. The firm’s 50 day moving average price is $83.67 and its 200 day moving average price is $79.60. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.71 and a current ratio of 0.71. Northern Trust Co. has a twelve month low of $62.44 and a twelve month high of $89.25.

Northern Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 7th will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 3.60%. The ex-dividend date of this dividend is Friday, June 7th. Northern Trust’s payout ratio is presently 66.23%.

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.