Apollon Wealth Management LLC Sells 145 Shares of Northern Trust Co. (NASDAQ:NTRS)

Apollon Wealth Management LLC decreased its position in Northern Trust Co. (NASDAQ:NTRS) by 5.6% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 2,463 shares of the asset manager’s stock after selling 145 shares during the quarter. Apollon Wealth Management LLC’s holdings in Northern Trust were worth $222,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of Northern Trust by 4.3% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 119,389 shares of the asset manager’s stock worth $10,610,000 after buying an additional 4,955 shares in the last quarter. Acadian Asset Management LLC boosted its position in Northern Trust by 4,646.7% in the first quarter. Acadian Asset Management LLC now owns 29,097 shares of the asset manager’s stock worth $2,585,000 after purchasing an additional 28,484 shares during the last quarter. Bahl & Gaynor Inc. bought a new position in Northern Trust in the 1st quarter valued at $284,000. O Shaughnessy Asset Management LLC grew its stake in Northern Trust by 30.9% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 3,146 shares of the asset manager’s stock valued at $280,000 after purchasing an additional 743 shares during the period. Finally, UniSuper Management Pty Ltd increased its position in shares of Northern Trust by 518.7% during the 1st quarter. UniSuper Management Pty Ltd now owns 13,778 shares of the asset manager’s stock valued at $1,225,000 after purchasing an additional 11,551 shares during the last quarter. 83.19% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Northern Trust news, EVP Mark C. Gossett sold 6,000 shares of Northern Trust 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 completion of the sale, the executive vice president now directly owns 28,707 shares in the company, valued at $2,552,052.30. The trade was a 17.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Thomas A. South sold 5,000 shares of the stock in a transaction on Thursday, November 7th. The stock was 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 directly owns 49,756 shares in the company, valued at $5,264,184.80. The trade was a 9.13 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 80,906 shares of company stock worth $8,176,652 in the last three months. 0.64% of the stock is currently owned by corporate insiders.

Northern Trust Trading Up 1.2 %

Shares of NTRS opened at $108.93 on Tuesday. Northern Trust Co. has a twelve month low of $74.63 and a twelve month high of $109.54. The stock has a market cap of $21.59 billion, a PE ratio of 13.55, a P/E/G ratio of 1.21 and a beta of 1.06. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.58. The business’s 50-day moving average price is $96.10 and its 200-day moving average price is $89.12.

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 paid a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 2.75%. The ex-dividend date is Friday, December 6th. Northern Trust’s dividend payout ratio is presently 37.31%.

Analysts Set New Price Targets

Several research firms recently weighed in on NTRS. StockNews.com upgraded shares of Northern Trust from a “hold” rating to a “buy” rating in a research report on Tuesday, November 12th. Morgan Stanley increased their target price on shares of Northern Trust from $97.00 to $103.00 and gave the company an “underweight” rating in a research report on Thursday, October 24th. Wells Fargo & Company raised their price target on shares of Northern Trust from $108.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Friday. Barclays upped their price objective on 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, The Goldman Sachs Group downgraded Northern Trust from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $84.00 to $82.00 in a research report on Thursday, September 26th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $100.67.

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.