Coldstream Capital Management Inc. Purchases 1,157 Shares of Northern Trust Co. (NASDAQ:NTRS)

Coldstream Capital Management Inc. lifted its position in Northern Trust Co. (NASDAQ:NTRS) by 22.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,212 shares of the asset manager’s stock after buying an additional 1,157 shares during the period. Coldstream Capital Management Inc.’s holdings in Northern Trust were worth $571,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in NTRS. Innealta Capital LLC acquired a new position in Northern Trust in the second quarter valued at about $26,000. Ridgewood Investments LLC bought a new position in shares of Northern Trust during the 2nd quarter valued at about $30,000. Northwest Investment Counselors LLC acquired a new position in shares of Northern Trust in the 3rd quarter valued at approximately $39,000. Capital Performance Advisors LLP acquired a new position in shares of Northern Trust in the 3rd quarter valued at approximately $48,000. Finally, Eastern Bank bought a new stake in Northern Trust during the 3rd quarter worth approximately $51,000. Institutional investors and hedge funds own 83.19% of the company’s stock.

Insider Activity

In other Northern Trust news, EVP Susan Cohen Levy sold 19,585 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The shares were 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 directly owns 17,132 shares in the company, valued at $1,751,918.32. This trade represents a 53.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Thomas A. South sold 5,000 shares of Northern Trust stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $105.80, for a total value of $529,000.00. Following the sale, the executive vice president now directly owns 49,756 shares of the company’s stock, valued at approximately $5,264,184.80. The trade was a 9.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 82,151 shares of company stock valued at $8,489,889. 0.64% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft upped their price target 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. Keefe, Bruyette & Woods upped their target price on shares of Northern Trust from $100.00 to $113.00 and gave the stock a “market perform” rating in a research note on Tuesday, December 3rd. Wells Fargo & Company lifted their price target on Northern Trust from $108.00 to $110.00 and gave the company an “equal weight” rating in a research note on Friday, November 15th. StockNews.com raised Northern Trust from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, Bank of America lifted their target price on Northern Trust from $103.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Northern Trust presently has an average rating of “Hold” and a consensus target price of $105.00.

Northern Trust Price Performance

NASDAQ:NTRS opened at $104.98 on Friday. 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 firm has a fifty day simple moving average of $103.30 and a 200 day simple moving average of $92.20. Northern Trust Co. has a 1-year low of $76.67 and a 1-year high of $111.87. The stock has a market capitalization of $20.81 billion, a PE ratio of 13.06, a P/E/G ratio of 1.18 and a beta of 1.07.

Northern Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Friday, December 6th will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $3.00 annualized dividend and a dividend yield of 2.86%. Northern Trust’s dividend payout ratio 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.