Haverford Trust Co Has $261,000 Stock Position in Northern Trust Co. (NASDAQ:NTRS)

Haverford Trust Co grew its position in Northern Trust Co. (NASDAQ:NTRS) by 5.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,904 shares of the asset manager’s stock after purchasing an additional 163 shares during the period. Haverford Trust Co’s holdings in Northern Trust were worth $261,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Victory Capital Management Inc. raised its position in Northern Trust by 67.4% during the third quarter. Victory Capital Management Inc. now owns 403,990 shares of the asset manager’s stock valued at $36,371,000 after acquiring an additional 162,623 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Northern Trust by 2.3% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 452,702 shares of the asset manager’s stock worth $40,757,000 after purchasing an additional 10,202 shares during the last quarter. Versor Investments LP acquired a new stake in shares of Northern Trust in the 3rd quarter valued at $918,000. Mesirow Financial Investment Management Inc. boosted its holdings in Northern Trust by 0.4% in the third quarter. Mesirow Financial Investment Management Inc. now owns 35,673 shares of the asset manager’s stock worth $3,212,000 after purchasing an additional 127 shares in the last quarter. Finally, Capital Performance Advisors LLP acquired a new position in Northern Trust during the third quarter worth $48,000. 83.19% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on NTRS. UBS Group increased their price objective on Northern Trust from $86.00 to $92.00 and gave the company a “neutral” rating in a report on Tuesday, October 8th. Royal Bank of Canada increased their price target on Northern Trust from $100.00 to $107.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Bank of America boosted their price objective on shares of Northern Trust from $103.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Northern Trust from $100.00 to $108.00 and gave the company a “hold” rating in a research note on Monday. Finally, Morgan Stanley boosted their target price on shares of Northern Trust from $97.00 to $103.00 and gave the stock an “underweight” rating in a research report on Thursday, October 24th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Northern Trust presently has an average rating of “Hold” and an average price target of $100.50.

Insider Transactions at Northern Trust

In related news, Vice Chairman Steven L. Fradkin sold 27,874 shares of the firm’s 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 transaction, the insider now owns 46,078 shares in the company, valued at $4,630,839. This trade represents a 37.69 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Thomas A. South sold 5,000 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $105.80, for a total value of $529,000.00. Following the completion of the sale, the executive vice president now directly owns 49,756 shares in the company, valued at approximately $5,264,184.80. This represents a 9.13 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 80,906 shares of company stock valued at $8,176,652. Company insiders own 0.64% of the company’s stock.

Northern Trust Price Performance

Shares of NASDAQ:NTRS opened at $105.96 on Friday. The firm has a market capitalization of $21.00 billion, a PE ratio of 13.18, a PEG ratio of 1.24 and a beta of 1.06. 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 $73.85 and a 1-year high of $108.53. The business’s 50 day moving average is $94.93 and its 200-day moving average is $88.57.

Northern Trust Announces Dividend

The firm 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 $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date of this dividend is Friday, December 6th. Northern Trust’s dividend payout ratio is 37.31%.

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.