Huntington National Bank Buys 311 Shares of Northern Trust Co. (NASDAQ:NTRS)

Huntington National Bank increased its stake in shares of Northern Trust Co. (NASDAQ:NTRS) by 17.1% during the 3rd quarter, Holdings Channel.com reports. The fund owned 2,133 shares of the asset manager’s stock after purchasing an additional 311 shares during the quarter. Huntington National Bank’s holdings in Northern Trust were worth $192,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of NTRS. Mitsubishi UFJ Trust & Banking Corp increased its position in shares of Northern Trust by 4.3% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 119,389 shares of the asset manager’s stock valued at $10,610,000 after acquiring an additional 4,955 shares during the period. Acadian Asset Management LLC raised its position in Northern Trust by 4,646.7% during the 1st quarter. Acadian Asset Management LLC now owns 29,097 shares of the asset manager’s stock valued at $2,585,000 after purchasing an additional 28,484 shares during the last quarter. Hillsdale Investment Management Inc. bought a new stake in shares of Northern Trust in the 1st quarter worth approximately $638,000. Bahl & Gaynor Inc. purchased a new position in shares of Northern Trust during the first quarter valued at approximately $284,000. Finally, O Shaughnessy Asset Management LLC raised its holdings in shares of Northern Trust by 30.9% during the first quarter. O Shaughnessy Asset Management LLC now owns 3,146 shares of the asset manager’s stock valued at $280,000 after acquiring an additional 743 shares in the last quarter. 83.19% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Northern Trust

In other news, Director Charles A. Tribbett sold 1,855 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $88.12, for a total transaction of $163,462.60. Following the sale, the director now owns 1,000 shares in the company, valued at $88,120. This represents a 64.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Mark C. Gossett sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $88.90, for a total transaction of $533,400.00. Following the sale, the executive vice president now directly owns 28,707 shares of the company’s stock, valued at $2,552,052.30. This trade represents a 17.29 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 80,906 shares of company stock valued at $8,176,652. 0.64% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on NTRS shares. Royal Bank of Canada lifted their price target on shares of Northern Trust from $100.00 to $107.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. The Goldman Sachs Group lowered shares of Northern Trust from a “neutral” rating to a “sell” rating and cut their target price for the company from $84.00 to $82.00 in a research note on Thursday, September 26th. Wells Fargo & Company raised their price objective on shares of Northern Trust from $108.00 to $110.00 and gave the stock an “equal weight” rating in a report on Friday. Bank of America upped their target price on Northern Trust from $103.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Finally, Evercore ISI raised their target price on Northern Trust from $86.00 to $103.00 and gave the company an “in-line” rating in a research note on Thursday, October 24th. Three analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $100.67.

Northern Trust Trading Up 1.5 %

Northern Trust stock opened at $107.60 on Monday. Northern Trust Co. has a 12 month low of $73.98 and a 12 month high of $108.53. The company has a market capitalization of $21.33 billion, a price-to-earnings ratio of 13.38, a price-to-earnings-growth ratio of 1.21 and a beta of 1.06. The business’s fifty day simple moving average is $95.68 and its two-hundred day simple moving average is $88.94. 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 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Investors of record on Friday, December 6th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date is Friday, December 6th. Northern Trust’s payout ratio is 37.31%.

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.