Dumont & Blake Investment Advisors LLC Has $301,000 Stock Holdings in Northern Trust Co. (NASDAQ:NTRS)

Dumont & Blake Investment Advisors LLC reduced its position in Northern Trust Co. (NASDAQ:NTRS) by 50.0% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 3,343 shares of the asset manager’s stock after selling 3,343 shares during the period. Dumont & Blake Investment Advisors LLC’s holdings in Northern Trust were worth $301,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Massachusetts Financial Services Co. MA raised its stake in Northern Trust by 13.0% in the second quarter. Massachusetts Financial Services Co. MA now owns 7,413,620 shares of the asset manager’s stock valued at $622,596,000 after buying an additional 850,556 shares during the period. Primecap Management Co. CA lifted its holdings in Northern Trust by 3.9% during the 2nd quarter. Primecap Management Co. CA now owns 7,046,757 shares of the asset manager’s stock valued at $591,787,000 after purchasing an additional 261,285 shares during the last quarter. Ariel Investments LLC boosted its position in Northern Trust by 3.6% during the second quarter. Ariel Investments LLC now owns 2,644,205 shares of the asset manager’s stock worth $222,060,000 after purchasing an additional 91,816 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Northern Trust by 12.3% in the second quarter. Dimensional Fund Advisors LP now owns 2,003,675 shares of the asset manager’s stock valued at $168,253,000 after purchasing an additional 219,387 shares during the period. Finally, Thrivent Financial for Lutherans boosted its holdings in shares of Northern Trust by 2.0% during the 2nd quarter. Thrivent Financial for Lutherans now owns 1,401,680 shares of the asset manager’s stock worth $117,713,000 after buying an additional 26,984 shares during the period. Institutional investors own 83.19% of the company’s stock.

Northern Trust Price Performance

Shares of NTRS opened at $100.19 on Friday. The firm’s 50-day simple moving average is $90.84 and its two-hundred day simple moving average is $86.64. Northern Trust Co. has a fifty-two week low of $63.43 and a fifty-two week high of $104.25. The stock has a market cap of $20.50 billion, a PE ratio of 22.12, a price-to-earnings-growth ratio of 1.65 and a beta of 1.08. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.71 and a current ratio of 0.71.

Northern Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Investors of record on Friday, December 6th will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 2.99%. The ex-dividend date of this dividend is Friday, December 6th. Northern Trust’s payout ratio is currently 66.23%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. The Goldman Sachs Group downgraded shares of Northern Trust from a “neutral” rating to a “sell” rating and cut their price objective for the stock from $84.00 to $82.00 in a research report on Thursday, September 26th. Evercore ISI upped their price objective on Northern Trust from $86.00 to $103.00 and gave the company an “in-line” rating in a report on Thursday. Wells Fargo & Company lifted their target price on Northern Trust from $92.00 to $108.00 and gave the stock an “equal weight” rating in a report on Thursday. Barclays upped their price target on shares of Northern Trust from $98.00 to $115.00 and gave the company an “equal weight” rating in a research note on Thursday. Finally, Morgan Stanley boosted their price objective on shares of Northern Trust from $97.00 to $103.00 and gave the company an “underweight” rating in a report on Thursday. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $99.33.

Insider Transactions at Northern Trust

In related news, EVP Teresa Parker sold 5,883 shares of the stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $84.06, for a total transaction of $494,524.98. Following the completion of the sale, the executive vice president now 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Northern Trust news, Director Charles A. Tribbett sold 1,855 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $88.12, for a total transaction of $163,462.60. Following the transaction, the director now owns 1,000 shares of the company’s stock, valued at approximately $88,120. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Teresa Parker sold 5,883 shares of the firm’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $84.06, for a total value of $494,524.98. Following the sale, the executive vice president now directly owns 83,765 shares in the company, valued at approximately $7,041,285.90. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,738 shares of company stock worth $1,191,388 in the last 90 days. 0.64% of the stock is currently owned by insiders.

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.