Mn Services Vermogensbeheer B.V. Sells 1,900 Shares of Northern Trust Co. (NASDAQ:NTRS)

Mn Services Vermogensbeheer B.V. reduced its position in Northern Trust Co. (NASDAQ:NTRS) by 2.3% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 79,398 shares of the asset manager’s stock after selling 1,900 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Northern Trust were worth $7,148,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in NTRS. Olistico Wealth LLC bought a new position in Northern Trust in the second quarter valued at approximately $25,000. Innealta Capital LLC bought 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 during the 2nd quarter worth $30,000. Versant Capital Management Inc lifted its position in shares of Northern Trust by 343.9% during the 2nd 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 acquired a new stake in Northern Trust in the third quarter valued at about $39,000. 83.19% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Susan Cohen Levy sold 19,585 shares of the company’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $102.26, for a total value of $2,002,762.10. Following the sale, the executive vice president now directly owns 17,132 shares of the company’s stock, valued at approximately $1,751,918.32. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, EVP Susan Cohen Levy sold 19,585 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $102.26, for a total transaction of $2,002,762.10. Following the completion of the sale, the executive vice president now owns 17,132 shares of the company’s stock, valued at $1,751,918.32. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Teresa Parker sold 5,883 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $84.06, for a total value of $494,524.98. Following the completion of the transaction, the executive vice president now directly owns 83,765 shares in the company, valued at approximately $7,041,285.90. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 65,636 shares of company stock worth $6,443,204. 0.64% of the stock is currently owned by insiders.

Northern Trust Trading Up 5.2 %

Shares of NTRS stock opened at $106.57 on Thursday. Northern Trust Co. has a 1-year low of $68.97 and a 1-year high of $108.53. 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 stock has a market cap of $21.12 billion, a price-to-earnings ratio of 13.25, a PEG ratio of 1.17 and a beta of 1.06. The stock has a 50-day moving average of $93.34 and a 200-day moving average of $87.79.

Northern Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders of record on Friday, December 6th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date is Friday, December 6th. Northern Trust’s dividend payout ratio is presently 37.31%.

Analysts Set New Price Targets

A number of research analysts have recently commented on NTRS shares. Morgan Stanley increased their target price 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. Royal Bank of Canada increased their price objective on shares of Northern Trust from $100.00 to $107.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Bank of America raised their target price on shares of Northern Trust from $103.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Northern Trust from $84.00 to $94.00 and gave the stock a “hold” rating in a report on Monday, September 23rd. Finally, Barclays raised their price objective on Northern Trust from $98.00 to $115.00 and gave the company an “equal weight” rating in a report on Thursday, October 24th. Three equities 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 company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $99.33.

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.