Versant Capital Management Inc Has $70,000 Stake in Northern Trust Co. (NASDAQ:NTRS)

Versant Capital Management Inc boosted its position in shares of Northern Trust Co. (NASDAQ:NTRS) by 34.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 684 shares of the asset manager’s stock after purchasing an additional 177 shares during the period. Versant Capital Management Inc’s holdings in Northern Trust were worth $70,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. FMR LLC raised its position in Northern Trust by 9.3% during the third quarter. FMR LLC now owns 18,187,663 shares of the asset manager’s stock valued at $1,637,435,000 after buying 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% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 7,413,620 shares of the asset manager’s stock valued at $622,596,000 after purchasing an additional 850,556 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Northern Trust by 9.9% in 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 period. Primecap Management Co. CA raised its holdings in shares of 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 acquiring an additional 261,285 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Northern Trust by 12.3% during 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. 83.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Bank of America raised their price target on Northern Trust from $103.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Northern Trust from $100.00 to $108.00 and gave the company a “hold” rating in a research report on Monday, November 11th. The Goldman Sachs Group downgraded shares of Northern Trust from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $84.00 to $82.00 in a research report on Thursday, September 26th. Keefe, Bruyette & Woods raised their price target on shares of Northern Trust from $100.00 to $113.00 and gave the company a “market perform” rating in a report on Tuesday, December 3rd. Finally, Wells Fargo & Company upped their price objective on shares of Northern Trust from $108.00 to $110.00 and gave the stock an “equal weight” rating in a report on Friday, November 15th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Northern Trust presently has an average rating of “Hold” and an average price target of $106.64.

Insider Transactions at Northern Trust

In other news, EVP Thomas A. South sold 5,000 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $105.80, for a total value of $529,000.00. Following the sale, the executive vice president now owns 49,756 shares in the company, valued at approximately $5,264,184.80. The trade was a 9.13 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Vice Chairman Steven L. Fradkin sold 27,874 shares of the business’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $100.50, for a total transaction of $2,801,337.00. Following the completion of the transaction, the insider now owns 46,078 shares in the company, valued at approximately $4,630,839. This trade represents a 37.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 82,151 shares of company stock worth $8,489,889 over the last three months. 0.64% of the stock is currently owned by insiders.

Northern Trust Trading Up 0.3 %

Shares of NASDAQ:NTRS opened at $103.28 on Monday. 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 stock’s 50-day moving average is $105.59 and its 200-day moving average is $94.49. The company has a market cap of $20.47 billion, a P/E ratio of 12.85, a P/E/G ratio of 1.18 and a beta of 1.07. Northern Trust Co. has a 52-week low of $76.67 and a 52-week high of $111.87.

Northern Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 1st. Shareholders of record on Friday, December 6th were given a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 2.90%. The ex-dividend date of this dividend was Friday, December 6th. Northern Trust’s dividend payout ratio is currently 37.31%.

Northern Trust 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.