10,200 Shares in Northern Trust Co. (NASDAQ:NTRS) Acquired by Versor Investments LP

Versor Investments LP purchased a new position in shares of Northern Trust Co. (NASDAQ:NTRS) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,200 shares of the asset manager’s stock, valued at approximately $918,000.

A number of other large investors also recently bought and sold shares of the stock. Mesirow Financial Investment Management Inc. increased its holdings in shares of Northern Trust by 0.4% during the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 35,673 shares of the asset manager’s stock worth $3,212,000 after buying an additional 127 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in Northern Trust during the third quarter valued at about $48,000. Stiles Financial Services Inc increased its stake in Northern Trust by 41.7% during the third quarter. Stiles Financial Services Inc now owns 13,096 shares of the asset manager’s stock worth $1,179,000 after acquiring an additional 3,856 shares during the last quarter. AIA Group Ltd raised its holdings in shares of Northern Trust by 7.5% in the 3rd quarter. AIA Group Ltd now owns 577,855 shares of the asset manager’s stock worth $52,024,000 after purchasing an additional 40,271 shares during the period. Finally, Catalyst Capital Advisors LLC acquired a new position in shares of Northern Trust in the 3rd quarter valued at about $68,000. Hedge funds and other institutional investors own 83.19% of the company’s stock.

Analyst Ratings Changes

NTRS has been the topic of several research reports. UBS Group raised their price target on shares of Northern Trust from $86.00 to $92.00 and gave the company a “neutral” rating in a report on Tuesday, October 8th. Morgan Stanley lifted their target price on shares of Northern Trust from $97.00 to $103.00 and gave the company an “underweight” rating in a report on Thursday, October 24th. Bank of America upped their price target on shares of Northern Trust from $103.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Barclays boosted their price objective on Northern Trust from $98.00 to $115.00 and gave the stock 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 given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $100.50.

Insider Transactions at Northern Trust

In other Northern Trust news, EVP Mark C. Gossett sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $88.90, for a total transaction of $533,400.00. Following the sale, the executive vice president now owns 28,707 shares in the company, valued at $2,552,052.30. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. In other Northern Trust news, Director Charles A. Tribbett sold 1,855 shares of the business’s stock in a transaction 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 completion of the sale, the director now owns 1,000 shares in the company, valued at $88,120. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Mark C. Gossett sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $88.90, for a total transaction of $533,400.00. Following the completion of the transaction, the executive vice president now owns 28,707 shares in the company, valued at approximately $2,552,052.30. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 80,906 shares of company stock valued at $8,176,652. Insiders own 0.64% of the company’s stock.

Northern Trust Stock Up 0.2 %

NTRS stock opened at $106.95 on Wednesday. The company has a market capitalization of $21.20 billion, a P/E ratio of 13.30, a PEG ratio of 1.22 and a beta of 1.06. The firm has a 50 day simple moving average of $94.25 and a 200-day simple moving average of $88.28. 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 twelve month low of $69.98 and a twelve month high of $108.53.

Northern Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Friday, December 6th will be paid a $0.75 dividend. The ex-dividend date is Friday, December 6th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.81%. Northern Trust’s dividend payout ratio (DPR) is presently 37.31%.

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.