Dynamic Technology Lab Private Ltd Buys New Holdings in Northern Trust Co. (NASDAQ:NTRS)

Dynamic Technology Lab Private Ltd purchased a new position in Northern Trust Co. (NASDAQ:NTRS) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 15,816 shares of the asset manager’s stock, valued at approximately $1,424,000.

Other institutional investors also recently bought and sold shares of the company. Swedbank AB acquired a new position in shares of Northern Trust in the 1st quarter valued at about $1,407,000. Tidal Investments LLC lifted its holdings in Northern Trust by 141.3% in the first quarter. Tidal Investments LLC now owns 13,771 shares of the asset manager’s stock valued at $1,224,000 after acquiring an additional 8,063 shares during the period. Lazard Asset Management LLC purchased a new stake in Northern Trust in the 1st quarter worth approximately $2,761,000. M&G Plc acquired a new stake in shares of Northern Trust during the 2nd quarter worth approximately $971,000. Finally, Williams Financial LLC purchased a new position in shares of Northern Trust during the 2nd quarter valued at approximately $1,322,000. 83.19% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Vice Chairman Steven L. Fradkin sold 27,874 shares of Northern Trust 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 transaction, the insider now owns 46,078 shares in the company, valued at approximately $4,630,839. This trade represents a 37.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Peter Cherecwich sold 16,153 shares of the company’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $105.18, for a total value of $1,698,972.54. Following the completion of the sale, the chief operating officer now owns 4,397 shares of the company’s stock, valued at approximately $462,476.46. The trade was a 78.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 74,906 shares of company stock worth $7,643,252. 0.64% of the stock is owned by insiders.

Northern Trust Trading Up 0.2 %

Shares of NTRS stock opened at $110.75 on Wednesday. Northern Trust Co. has a fifty-two week low of $75.68 and a fifty-two week high of $111.19. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.71 and a current ratio of 0.71. The stock’s fifty day moving average is $98.58 and its two-hundred day moving average is $90.13. The firm has a market capitalization of $21.95 billion, a P/E ratio of 13.77, a PEG ratio of 1.23 and a beta of 1.06.

Northern Trust Announces Dividend

The firm also recently declared 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. This represents a $3.00 annualized dividend and a dividend yield of 2.71%. The ex-dividend date is Friday, December 6th. Northern Trust’s dividend payout ratio is currently 37.31%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on NTRS shares. Deutsche Bank Aktiengesellschaft increased their price target on shares of Northern Trust from $100.00 to $108.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Barclays raised their target price on Northern Trust from $98.00 to $115.00 and gave the company an “equal weight” rating in a research report on Thursday, October 24th. Wells Fargo & Company upped their price target on Northern Trust from $108.00 to $110.00 and gave the stock an “equal weight” rating in a report on Friday, November 15th. Royal Bank of Canada raised their price objective on Northern Trust from $100.00 to $107.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Finally, The Goldman Sachs Group downgraded Northern Trust from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $84.00 to $82.00 in a research note on Thursday, September 26th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $100.67.

Northern Trust 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.