Boston Trust Walden Corp Sells 330,657 Shares of Northern Trust Corporation $NTRS

Boston Trust Walden Corp lowered its position in Northern Trust Corporation (NASDAQ:NTRS) by 37.6% in the third quarter, Holdings Channel.com reports. The institutional investor owned 547,936 shares of the asset manager’s stock after selling 330,657 shares during the period. Boston Trust Walden Corp’s holdings in Northern Trust were worth $73,752,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. FNY Investment Advisers LLC bought a new position in Northern Trust during the 2nd quarter worth about $25,000. AlphaCore Capital LLC lifted its stake in shares of Northern Trust by 87.4% during the 2nd quarter. AlphaCore Capital LLC now owns 208 shares of the asset manager’s stock worth $27,000 after buying an additional 97 shares during the last quarter. Hantz Financial Services Inc. grew its position in shares of Northern Trust by 5,225.0% in the second quarter. Hantz Financial Services Inc. now owns 213 shares of the asset manager’s stock valued at $27,000 after purchasing an additional 209 shares during the last quarter. Clearstead Trust LLC acquired a new position in Northern Trust in the 2nd quarter valued at $29,000. Finally, GFG Capital LLC bought a new position in Northern Trust during the second quarter worth about $35,000. Institutional investors and hedge funds own 83.19% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on NTRS shares. TD Cowen boosted their target price on shares of Northern Trust from $152.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. Morgan Stanley upped their price objective on Northern Trust from $127.00 to $131.00 and gave the company an “underweight” rating in a research note on Wednesday, December 17th. Evercore ISI upped their price target on shares of Northern Trust from $125.00 to $135.00 and gave the company an “in-line” rating in a research report on Tuesday, September 30th. BMO Capital Markets started coverage on shares of Northern Trust in a research note on Friday, October 3rd. They issued a “market perform” rating and a $142.00 price objective on the stock. Finally, Citigroup raised their target price on Northern Trust from $110.00 to $135.00 and gave the stock a “neutral” rating in a research report on Friday, September 5th. Five analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $132.46.

Northern Trust Stock Performance

NASDAQ NTRS opened at $140.14 on Monday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.70 and a quick ratio of 0.70. The company has a fifty day moving average price of $131.57 and a 200-day moving average price of $128.65. Northern Trust Corporation has a 1 year low of $81.62 and a 1 year high of $141.25. The firm has a market cap of $26.50 billion, a price-to-earnings ratio of 16.33, a PEG ratio of 1.51 and a beta of 1.27.

Northern Trust (NASDAQ:NTRS) last posted its quarterly earnings data on Wednesday, October 22nd. The asset manager reported $2.29 EPS for the quarter, beating the consensus estimate of $2.26 by $0.03. The firm had revenue of $2.03 billion during the quarter, compared to analyst estimates of $2.02 billion. Northern Trust had a net margin of 11.99% and a return on equity of 14.37%. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter last year, the business posted $2.22 EPS. As a group, equities research analysts predict that Northern Trust Corporation will post 8.27 EPS for the current fiscal year.

Northern Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 1st. Stockholders of record on Friday, December 5th will be paid a dividend of $0.80 per share. The ex-dividend date is Friday, December 5th. This represents a $3.20 annualized dividend and a dividend yield of 2.3%. Northern Trust’s dividend payout ratio (DPR) is presently 37.30%.

Insider Buying and Selling at Northern Trust

In other Northern Trust news, insider John Landers sold 766 shares of the company’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $124.35, for a total transaction of $95,252.10. Following the sale, the insider directly owned 7,313 shares of the company’s stock, valued at $909,371.55. This represents a 9.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Susan Cohen Levy sold 27,591 shares of the stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $128.13, for a total value of $3,535,234.83. Following the sale, the executive vice president directly owned 48,257 shares in the company, valued at $6,183,169.41. This trade represents a 36.38% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.77% of the stock is owned by corporate insiders.

About Northern Trust

Northern Trust Corporation (NASDAQ: NTRS) is a global financial services firm headquartered in Chicago that provides asset servicing, asset management and wealth management solutions to institutions, corporations and high-net-worth individuals. The company’s core businesses include custody and fund administration, investment operations outsourcing, trust and fiduciary services, private banking, and retirement and defined contribution plan services.

Northern Trust’s product and service offerings span custody and fund accounting, portfolio and performance analytics, securities lending, cash management and foreign exchange, as well as discretionary and non-discretionary investment management.