Wilmington Savings Fund Society FSB Acquires New Position in Northern Trust Co. (NASDAQ:NTRS)

Wilmington Savings Fund Society FSB acquired a new stake in shares of Northern Trust Co. (NASDAQ:NTRS) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,535 shares of the asset manager’s stock, valued at approximately $228,000.

Other institutional investors have also modified their holdings of the company. Innealta Capital LLC bought a new stake in shares of Northern Trust during the 2nd quarter valued at about $26,000. Ridgewood Investments LLC acquired a new position in Northern Trust during the 2nd quarter valued at about $30,000. Northwest Investment Counselors LLC acquired a new position in Northern Trust during the 3rd quarter valued at about $39,000. Capital Performance Advisors LLP acquired a new position in Northern Trust during the 3rd quarter valued at about $48,000. Finally, Eastern Bank acquired a new position in Northern Trust during the 3rd quarter valued at about $51,000. Institutional investors own 83.19% of the company’s stock.

Insider Buying and Selling

In other Northern Trust news, EVP Thomas A. South sold 5,000 shares of Northern Trust stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $105.80, for a total transaction of $529,000.00. Following the transaction, the executive vice president now owns 49,756 shares of the company’s stock, valued at $5,264,184.80. The trade was a 9.13 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Vice Chairman Steven L. Fradkin sold 27,874 shares of the stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $100.50, for a total transaction of $2,801,337.00. Following the completion of the sale, the insider now directly owns 46,078 shares of the company’s stock, valued at $4,630,839. This trade represents a 37.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 82,151 shares of company stock valued at $8,489,889. Company insiders own 0.64% of the company’s stock.

Wall Street Analyst Weigh In

NTRS has been the subject of a number of analyst reports. Evercore ISI boosted their target price on shares of Northern Trust from $86.00 to $103.00 and gave the company an “in-line” rating in a research note on Thursday, October 24th. The Goldman Sachs Group lowered shares of Northern Trust from a “neutral” rating to a “sell” rating and reduced their target price for the company from $84.00 to $82.00 in a research note on Thursday, September 26th. Royal Bank of Canada boosted their target price 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. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Northern Trust from $100.00 to $108.00 and gave the company a “hold” rating in a report on Monday, November 11th. Finally, Morgan Stanley raised Northern Trust from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $103.00 to $127.00 in a report on Monday, December 9th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Northern Trust presently has a consensus rating of “Hold” and a consensus target price of $105.00.

Northern Trust Price Performance

NASDAQ NTRS opened at $104.71 on Wednesday. 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 Co. has a 1 year low of $76.67 and a 1 year high of $111.87. The company has a market cap of $20.76 billion, a PE ratio of 13.02, a PEG ratio of 1.18 and a beta of 1.07. The stock’s 50-day moving average price is $103.88 and its two-hundred day moving average price is $92.64.

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 given a $0.75 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $3.00 annualized dividend and a dividend yield of 2.87%. Northern Trust’s dividend payout ratio (DPR) is presently 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.