3,295 Shares in Northern Trust Co. (NASDAQ:NTRS) Acquired by IHT Wealth Management LLC

IHT Wealth Management LLC purchased a new stake in shares of Northern Trust Co. (NASDAQ:NTRS) in the third quarter, HoldingsChannel reports. The institutional investor purchased 3,295 shares of the asset manager’s stock, valued at approximately $297,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Innealta Capital LLC bought a new position in Northern Trust during the 2nd quarter valued at $26,000. Ridgewood Investments LLC bought a new position in Northern Trust during the 2nd quarter valued at $30,000. Northwest Investment Counselors LLC bought a new position in Northern Trust during the 3rd quarter valued at $39,000. Capital Performance Advisors LLP bought a new position in Northern Trust during the 3rd quarter valued at $48,000. Finally, Eastern Bank acquired a new stake in shares of Northern Trust during the 3rd quarter valued at $51,000. 83.19% of the stock is owned by institutional investors.

Insider Activity

In related news, COO Peter Cherecwich sold 16,153 shares of Northern Trust stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $105.18, for a total transaction of $1,698,972.54. Following the sale, the chief operating officer now directly owns 4,397 shares of the company’s stock, valued at $462,476.46. This trade represents a 78.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Charles A. Tribbett sold 1,855 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $88.12, for a total transaction of $163,462.60. Following the transaction, the director now owns 1,000 shares of the company’s stock, valued at approximately $88,120. This represents a 64.97 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 84,006 shares of company stock valued at $8,653,352. 0.64% of the stock is owned by insiders.

Northern Trust Trading Up 0.6 %

Shares of NASDAQ:NTRS opened at $108.60 on Tuesday. The company has a market cap of $21.53 billion, a P/E ratio of 13.51, a P/E/G ratio of 1.21 and a beta of 1.07. The stock’s 50-day moving average is $101.95 and its 200-day moving average is $91.68. Northern Trust Co. has a 52-week low of $76.67 and a 52-week high of $111.87. 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 Dividend Announcement

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 given a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 2.76%. The ex-dividend date is Friday, December 6th. Northern Trust’s dividend payout ratio is currently 37.31%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on NTRS shares. StockNews.com downgraded Northern Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Morgan Stanley upgraded Northern Trust from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $103.00 to $127.00 in a report on Monday. Barclays increased their price objective on Northern Trust from $98.00 to $115.00 and gave the stock an “equal weight” rating in a report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft increased their price objective on Northern Trust from $100.00 to $108.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Finally, Bank of America increased their price objective on Northern Trust from $103.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $105.00.

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.