Northern Trust Corporation $NTRS Stock Sold by Vestor Capital LLC

Vestor Capital LLC lessened its holdings in Northern Trust Corporation (NASDAQ:NTRS) by 89.3% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,546 shares of the asset manager’s stock after selling 46,139 shares during the period. Vestor Capital LLC’s holdings in Northern Trust were worth $939,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of NTRS. Continuum Advisory LLC acquired a new stake in shares of Northern Trust in the second quarter valued at $26,000. NBH Bank purchased a new position in Northern Trust in the second quarter valued at $30,000. Keating Financial Advisory Services Inc. acquired a new position in Northern Trust during the 2nd quarter worth $31,000. Basecamp Wealth Advisors LLC grew its stake in Northern Trust by 99.0% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 203 shares of the asset manager’s stock worth $28,000 after purchasing an additional 101 shares in the last quarter. Finally, Clearstead Trust LLC purchased a new stake in Northern Trust during the 2nd quarter worth about $37,000. Institutional investors and hedge funds own 83.19% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Susan Levy sold 3,922 shares of the business’s stock in a transaction that occurred on Monday, October 26th. The shares were sold at an average price of $168.69, for a total transaction of $661,602.18. Following the completion of the sale, the executive vice president owned 59,378 shares in the company, valued at approximately $10,016,474.82. The trade was a 6.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert Moritz, Jr. bought 236 shares of the stock in a transaction dated Friday, October 30th. The stock was bought at an average price of $169.07 per share, with a total value of $39,900.52. Following the acquisition, the director owned 8,636 shares in the company, valued at approximately $1,460,088.52. This represents a 2.81% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have sold 22,706 shares of company stock valued at $3,850,282. 0.66% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on NTRS shares. Morgan Stanley lifted their price objective on Northern Trust from $173.00 to $177.00 and gave the company an “underweight” rating in a research note on Thursday, October 22nd. Barclays upped their target price on shares of Northern Trust from $189.00 to $194.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 22nd. Weiss Ratings raised shares of Northern Trust from a “buy (b)” rating to a “buy (b+)” rating in a report on Wednesday, November 4th. The Goldman Sachs Group lifted their price target on shares of Northern Trust from $190.00 to $192.00 and gave the stock a “neutral” rating in a research note on Friday, October 2nd. Finally, Evercore lowered their price target on shares of Northern Trust from $183.00 to $179.00 in a report on Wednesday, October 28th. Two equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $181.03.

Northern Trust Trading Up 2.8%

NASDAQ:NTRS opened at $177.65 on Tuesday. The stock has a 50-day simple moving average of $174.02 and a 200-day simple moving average of $166.15. The stock has a market cap of $32.18 billion, a P/E ratio of 15.39, a P/E/G ratio of 0.91 and a beta of 1.21. Northern Trust Corporation has a 1 year low of $121.53 and a 1 year high of $195.78. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.61 and a current ratio of 0.61.

Northern Trust (NASDAQ:NTRS) last issued its earnings results on Wednesday, October 21st. The asset manager reported $3.40 earnings per share for the quarter, topping the consensus estimate of $2.87 by $0.53. The business had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.26 billion. Northern Trust had a return on equity of 17.97% and a net margin of 15.86%. The business’s quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter last year, the company earned $2.29 EPS. As a group, analysts anticipate that Northern Trust Corporation will post 12.00 earnings per share for the current fiscal year.

Northern Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 1st. Shareholders of record on Friday, December 4th will be issued a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, December 4th. This represents a $3.52 dividend on an annualized basis and a yield of 2.0%. Northern Trust’s dividend payout ratio (DPR) is presently 27.59%.

About Northern Trust

Northern Trust Corporation is a financial services company headquartered in Chicago. Founded in 1889, it provides services to institutions, corporations, governments, and individuals and families.

The company’s businesses include asset servicing, asset management, wealth management, and banking. Its services include investment management, custody and administration, fiduciary services, banking, and financial planning.

Northern Trust serves clients in the United States and internationally, with operations across multiple regions.