GSA Capital Partners LLP Has $217,000 Holdings in Northern Trust Co. (NASDAQ:NTRS)

GSA Capital Partners LLP trimmed its position in Northern Trust Co. (NASDAQ:NTRS) by 83.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,413 shares of the asset manager’s stock after selling 12,208 shares during the quarter. GSA Capital Partners LLP’s holdings in Northern Trust were worth $217,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Olistico Wealth LLC purchased a new stake in shares of Northern Trust in the 2nd quarter valued at approximately $25,000. Innealta Capital LLC acquired a new stake in shares of Northern Trust in the second quarter worth $26,000. Ridgewood Investments LLC purchased a new position in shares of Northern Trust during the second quarter valued at $30,000. Versant Capital Management Inc raised its position in Northern Trust by 343.9% during the second quarter. Versant Capital Management Inc now owns 435 shares of the asset manager’s stock valued at $37,000 after buying an additional 337 shares during the period. Finally, Northwest Investment Counselors LLC acquired a new stake in Northern Trust during the 3rd quarter worth about $39,000. 83.19% of the stock is owned by hedge funds and other institutional investors.

Northern Trust Trading Up 0.5 %

Shares of Northern Trust stock opened at $109.46 on Monday. Northern Trust Co. has a 1 year low of $75.55 and a 1 year high of $109.92. The company’s fifty day simple moving average is $97.76 and its 200-day simple moving average is $89.79. The company has a market cap of $21.70 billion, a price-to-earnings ratio of 13.61, a PEG ratio of 1.23 and a beta of 1.06. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.58.

Northern Trust Dividend Announcement

The business also recently disclosed 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 is Friday, December 6th. Northern Trust’s dividend payout ratio is currently 37.31%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on NTRS. Barclays upped their price target on shares of Northern Trust from $98.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 24th. Morgan Stanley lifted their target price on shares of Northern Trust from $97.00 to $103.00 and gave the company an “underweight” rating in a research note on Thursday, October 24th. StockNews.com upgraded shares of Northern Trust from a “hold” rating to a “buy” rating in a research note on Tuesday, November 12th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Northern Trust from $100.00 to $108.00 and gave the company a “hold” rating in a research note on Monday, November 11th. Finally, Royal Bank of Canada raised their target price on Northern Trust from $100.00 to $107.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $100.67.

Insider Activity

In other news, 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 transaction of $529,000.00. Following the completion of the transaction, the executive vice president now directly owns 49,756 shares of the company’s stock, valued at approximately $5,264,184.80. This trade represents a 9.13 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Peter Cherecwich sold 16,153 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were 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 approximately $462,476.46. The trade was a 78.60 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 80,906 shares of company stock valued at $8,176,652. Insiders own 0.64% of the company’s stock.

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.