Public Employees Retirement Association of Colorado Trims Position in Northern Trust Co. (NASDAQ:NTRS)

Public Employees Retirement Association of Colorado trimmed its position in Northern Trust Co. (NASDAQ:NTRS) by 5.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 21,489 shares of the asset manager’s stock after selling 1,202 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Northern Trust were worth $1,805,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Olistico Wealth LLC bought a new position in Northern Trust in the second quarter worth approximately $25,000. Innealta Capital LLC bought a new position in shares of Northern Trust in the second quarter worth about $26,000. Spartan Planning & Wealth Management lifted its position in shares of Northern Trust by 10,566.7% during the 4th quarter. Spartan Planning & Wealth Management now owns 320 shares of the asset manager’s stock valued at $27,000 after buying an additional 317 shares in the last quarter. Ridgewood Investments LLC bought a new position in shares of Northern Trust during the 2nd quarter valued at approximately $30,000. Finally, Versant Capital Management Inc increased its holdings in Northern Trust by 343.9% in the 2nd quarter. Versant Capital Management Inc now owns 435 shares of the asset manager’s stock worth $37,000 after acquiring an additional 337 shares in the last quarter. Institutional investors own 83.19% of the company’s stock.

Analyst Ratings Changes

NTRS has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Northern Trust from $84.00 to $94.00 and gave the company a “hold” rating in a report on Monday. Royal Bank of Canada upped their price objective on Northern Trust from $86.00 to $90.00 and gave the stock an “outperform” rating in a research note on Thursday, July 18th. The Goldman Sachs Group decreased their target price on Northern Trust from $94.00 to $84.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 2nd. Morgan Stanley dropped their price target on Northern Trust from $97.00 to $93.00 and set an “underweight” rating for the company in a research note on Tuesday, July 30th. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of Northern Trust from $92.00 to $85.00 and set a “market perform” rating on the stock in a research report on Thursday, June 27th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $89.58.

Insider Buying and Selling

In other Northern Trust news, Director Charles A. Tribbett sold 1,855 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $88.12, for a total value of $163,462.60. Following the completion of the sale, the director now owns 1,000 shares of the company’s stock, valued at $88,120. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, EVP Mark C. Gossett sold 6,000 shares of the company’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $88.90, for a total value of $533,400.00. Following the transaction, the executive vice president now directly owns 28,707 shares in the company, valued at $2,552,052.30. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Charles A. Tribbett sold 1,855 shares of Northern Trust stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $88.12, for a total transaction of $163,462.60. Following the sale, the director now owns 1,000 shares of the company’s stock, valued at approximately $88,120. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,738 shares of company stock valued at $1,191,388. Company insiders own 0.64% of the company’s stock.

Northern Trust Stock Down 0.4 %

Shares of NASDAQ:NTRS opened at $91.51 on Tuesday. The company has a market cap of $18.72 billion, a price-to-earnings ratio of 20.20, a PEG ratio of 1.46 and a beta of 1.08. Northern Trust Co. has a 12 month low of $62.44 and a 12 month high of $92.82. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.58. The company has a 50-day moving average price of $87.61 and a 200 day moving average price of $85.36.

Northern Trust (NASDAQ:NTRS) last announced its earnings results on Wednesday, July 17th. The asset manager reported $1.78 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.03. Northern Trust had a return on equity of 12.24% and a net margin of 10.53%. The firm had revenue of $2.72 billion during the quarter, compared to analysts’ expectations of $1.84 billion. The company’s quarterly revenue was up 53.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.79 EPS. As a group, equities research analysts predict that Northern Trust Co. will post 7.01 earnings per share for the current year.

Northern Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 6th will be issued a $0.75 dividend. The ex-dividend date is Friday, September 6th. This represents a $3.00 annualized dividend and a dividend yield of 3.28%. Northern Trust’s dividend payout ratio (DPR) is presently 66.23%.

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.