Atria Investments Inc Lowers Holdings in Northern Trust Co. (NASDAQ:NTRS)

Atria Investments Inc lowered its position in Northern Trust Co. (NASDAQ:NTRS) by 26.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,092 shares of the asset manager’s stock after selling 1,107 shares during the quarter. Atria Investments Inc’s holdings in Northern Trust were worth $278,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Olistico Wealth LLC bought a new stake in shares of Northern Trust in the 2nd quarter valued at about $25,000. Innealta Capital LLC purchased a new stake in Northern Trust during the second quarter worth $26,000. Ridgewood Investments LLC bought a new stake in Northern Trust during the 2nd quarter valued at $30,000. Versant Capital Management Inc increased its holdings in shares of Northern Trust by 343.9% in the 2nd quarter. Versant Capital Management Inc now owns 435 shares of the asset manager’s stock valued at $37,000 after acquiring an additional 337 shares during the period. Finally, Northwest Investment Counselors LLC purchased a new stake in shares of Northern Trust during the 3rd quarter worth $39,000. 83.19% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Northern Trust

In other news, EVP Mark C. Gossett sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $88.90, for a total transaction of $533,400.00. Following the completion of the transaction, the executive vice president now directly owns 28,707 shares of the company’s stock, valued at $2,552,052.30. This represents a 17.29 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Charles A. Tribbett sold 1,855 shares of the business’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $88.12, for a total transaction of $163,462.60. Following the completion of the sale, the director now directly owns 1,000 shares of the company’s stock, valued at approximately $88,120. The trade was a 64.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 80,906 shares of company stock worth $8,176,652 in the last 90 days. Corporate insiders own 0.64% of the company’s stock.

Northern Trust Stock Performance

Shares of NASDAQ NTRS opened at $109.46 on Friday. The company has a market capitalization of $21.70 billion, a PE ratio of 13.61, a price-to-earnings-growth ratio of 1.21 and a beta of 1.06. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.71 and a current ratio of 0.71. The company’s fifty day moving average price is $97.76 and its 200 day moving average price is $89.73. Northern Trust Co. has a 1 year low of $75.55 and a 1 year high of $109.92.

Northern Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Friday, December 6th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date of this dividend is Friday, December 6th. Northern Trust’s dividend payout ratio (DPR) is presently 37.31%.

Wall Street Analyst Weigh In

NTRS has been the topic of a number of analyst reports. Barclays lifted their price objective on shares of Northern Trust from $98.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 24th. Morgan Stanley increased their price objective on Northern Trust from $97.00 to $103.00 and gave the company an “underweight” rating in a report on Thursday, October 24th. Royal Bank of Canada upped their target price on Northern Trust from $100.00 to $107.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. UBS Group upped their price objective on shares of Northern Trust from $86.00 to $92.00 and gave the company a “neutral” rating in a report on Tuesday, October 8th. Finally, StockNews.com upgraded shares of Northern Trust from a “hold” rating to a “buy” rating in a research note on Tuesday, November 12th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $100.67.

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.