Monarch Capital Management Inc. Has $760,000 Stock Position in Northern Trust Co. (NASDAQ:NTRS)

Monarch Capital Management Inc. cut its stake in shares of Northern Trust Co. (NASDAQ:NTRS) by 3.9% in the 4th quarter, HoldingsChannel reports. The fund owned 7,357 shares of the asset manager’s stock after selling 300 shares during the quarter. Monarch Capital Management Inc.’s holdings in Northern Trust were worth $760,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in NTRS. Brooklyn Investment Group increased its stake in shares of Northern Trust by 51.2% during the fourth quarter. Brooklyn Investment Group now owns 378 shares of the asset manager’s stock worth $39,000 after purchasing an additional 128 shares during the period. Northwest Investment Counselors LLC acquired a new position in Northern Trust in the 3rd quarter valued at $39,000. Capital Performance Advisors LLP bought a new position in Northern Trust during the 3rd quarter worth $48,000. Friedenthal Financial acquired a new stake in shares of Northern Trust during the fourth quarter worth $57,000. Finally, Eastern Bank bought a new stake in shares of Northern Trust in the third quarter valued at about $51,000. Institutional investors own 83.19% of the company’s stock.

Insider Transactions at Northern Trust

In other Northern Trust news, EVP Thomas A. South sold 5,000 shares of the company’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $105.80, for a total value of $529,000.00. Following the completion of the transaction, the executive vice president now owns 49,756 shares of the company’s stock, valued at $5,264,184.80. This represents a 9.13 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Vice Chairman Steven L. Fradkin sold 9,100 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $111.00, for a total value of $1,010,100.00. Following the completion of the transaction, the insider now directly owns 47,797 shares of the company’s stock, valued at $5,305,467. This represents a 15.99 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 82,151 shares of company stock valued at $8,489,889. 0.64% of the stock is currently owned by insiders.

Northern Trust Price Performance

Northern Trust stock opened at $106.87 on Friday. 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 Co. has a 52 week low of $76.67 and a 52 week high of $111.87. The stock has a market capitalization of $21.18 billion, a P/E ratio of 13.29, a price-to-earnings-growth ratio of 1.06 and a beta of 1.08. The stock has a fifty day moving average of $105.73 and a 200-day moving average of $95.73.

Northern Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 1st. Shareholders of record on Friday, December 6th were paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 2.81%. The ex-dividend date was Friday, December 6th. Northern Trust’s payout ratio is 37.31%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on NTRS shares. Bank of America raised 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. Morgan Stanley lowered their target price on shares of Northern Trust from $127.00 to $125.00 and set an “equal weight” rating on the stock in a report on Friday, January 3rd. StockNews.com cut Northern Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Wells Fargo & Company raised their price objective on Northern Trust from $108.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Friday, November 15th. Finally, The Goldman Sachs Group downgraded Northern Trust from a “neutral” rating to a “sell” rating and cut their target price for the company from $84.00 to $82.00 in a research report on Thursday, September 26th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $107.17.

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.