First Community Trust NA Has $805,000 Stock Holdings in Northern Trust Co. (NASDAQ:NTRS)

First Community Trust NA lowered its stake in Northern Trust Co. (NASDAQ:NTRS) by 14.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 7,853 shares of the asset manager’s stock after selling 1,339 shares during the period. First Community Trust NA’s holdings in Northern Trust were worth $805,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC grew its holdings in Northern Trust by 9.3% during the third quarter. FMR LLC now owns 18,187,663 shares of the asset manager’s stock worth $1,637,435,000 after purchasing an additional 1,542,685 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in shares of Northern Trust by 13.0% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 7,413,620 shares of the asset manager’s stock worth $622,596,000 after acquiring an additional 850,556 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Northern Trust by 9.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,296,442 shares of the asset manager’s stock valued at $386,809,000 after purchasing an additional 388,692 shares during the last quarter. Primecap Management Co. CA boosted its position in Northern Trust by 3.9% during the second quarter. Primecap Management Co. CA now owns 7,046,757 shares of the asset manager’s stock worth $591,787,000 after purchasing an additional 261,285 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Northern Trust by 12.3% in the second quarter. Dimensional Fund Advisors LP now owns 2,003,675 shares of the asset manager’s stock valued at $168,253,000 after purchasing an additional 219,387 shares during the last quarter. Institutional investors own 83.19% of the company’s stock.

Insider Buying and Selling

In related news, COO Peter Cherecwich sold 16,153 shares of the company’s stock in a transaction on 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 completion of the sale, the chief operating officer now directly owns 4,397 shares in the company, valued at $462,476.46. This represents a 78.60 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Thomas A. South sold 5,000 shares of the firm’s stock in a transaction dated 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 $5,264,184.80. This trade represents a 9.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 82,151 shares of company stock worth $8,489,889. Corporate insiders own 0.64% of the company’s stock.

Northern Trust Stock Up 1.3 %

NTRS stock opened at $101.63 on Wednesday. The company has a market cap of $20.14 billion, a PE ratio of 12.64, a price-to-earnings-growth ratio of 1.18 and a beta of 1.08. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.58. Northern Trust Co. has a 52 week low of $76.67 and a 52 week high of $111.87. The business has a 50-day simple moving average of $105.68 and a 200 day simple moving average of $95.42.

Northern Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 1st. Stockholders of record on Friday, December 6th were issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date was Friday, December 6th. Northern Trust’s dividend payout ratio (DPR) is presently 37.31%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on NTRS shares. Barclays lifted their target price on shares of Northern Trust from $115.00 to $118.00 and gave the stock an “equal weight” rating in a report on Monday, January 6th. UBS Group boosted their price objective on Northern Trust from $86.00 to $92.00 and gave the stock a “neutral” rating in a report on Tuesday, October 8th. The Goldman Sachs Group lowered Northern Trust from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $84.00 to $82.00 in a research note on Thursday, September 26th. Deutsche Bank Aktiengesellschaft upped their price objective on Northern Trust from $100.00 to $108.00 and gave the company a “hold” rating in a report on Monday, November 11th. Finally, Bank of America lifted their target price on Northern Trust from $103.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $107.17.

Northern Trust Company 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.