Kentucky Retirement Systems Insurance Trust Fund Has $537,000 Stock Holdings in Northern Trust Co. (NASDAQ:NTRS)

Kentucky Retirement Systems Insurance Trust Fund decreased its stake in shares of Northern Trust Co. (NASDAQ:NTRS) by 9.5% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 5,970 shares of the asset manager’s stock after selling 629 shares during the period. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Northern Trust were worth $537,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA lifted its position in shares of Northern Trust by 13.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 7,413,620 shares of the asset manager’s stock worth $622,596,000 after purchasing an additional 850,556 shares in the last quarter. Primecap Management Co. CA raised its position in Northern Trust by 3.9% in the 2nd quarter. Primecap Management Co. CA now owns 7,046,757 shares of the asset manager’s stock worth $591,787,000 after purchasing an additional 261,285 shares during the last quarter. Ariel Investments LLC lifted its holdings in Northern Trust by 3.6% during the 2nd quarter. Ariel Investments LLC now owns 2,644,205 shares of the asset manager’s stock worth $222,060,000 after buying an additional 91,816 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Northern Trust by 12.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,003,675 shares of the asset manager’s stock valued at $168,253,000 after buying an additional 219,387 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its stake in shares of Northern Trust by 2.0% in the 2nd quarter. Thrivent Financial for Lutherans now owns 1,401,680 shares of the asset manager’s stock valued at $117,713,000 after buying an additional 26,984 shares during the period. Institutional investors own 83.19% of the company’s stock.

Insider Buying and Selling at Northern Trust

In other news, Vice Chairman Steven L. Fradkin sold 27,874 shares of the business’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $100.50, for a total value of $2,801,337.00. Following the sale, the insider now directly owns 46,078 shares in the company, valued at $4,630,839. The trade was a 37.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Mark C. Gossett sold 6,000 shares of the stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $88.90, for a total value of $533,400.00. Following the transaction, the executive vice president now owns 28,707 shares of the company’s stock, valued at approximately $2,552,052.30. The trade was a 17.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 80,906 shares of company stock valued at $8,176,652. 0.64% of the stock is currently owned by corporate insiders.

Northern Trust Stock Up 1.2 %

NASDAQ:NTRS opened at $108.93 on Tuesday. Northern Trust Co. has a 1 year low of $74.63 and a 1 year high of $109.54. 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 stock has a market cap of $21.59 billion, a price-to-earnings ratio of 13.55, a PEG ratio of 1.21 and a beta of 1.06. The stock has a 50-day moving average price of $96.10 and a two-hundred day moving average price of $89.12.

Northern Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders of record on Friday, December 6th will be issued a dividend of $0.75 per share. The ex-dividend date is Friday, December 6th. This represents a $3.00 annualized dividend and a yield of 2.75%. Northern Trust’s dividend payout ratio (DPR) is currently 37.31%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft raised their price target on Northern Trust from $100.00 to $108.00 and gave the company a “hold” rating in a report on Monday, November 11th. Evercore ISI lifted their price target on shares of Northern Trust from $86.00 to $103.00 and gave the stock an “in-line” rating in a research report on Thursday, October 24th. Morgan Stanley increased their price objective on shares of 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 lifted their target price on shares of Northern Trust from $100.00 to $107.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Finally, Wells Fargo & Company increased their price target on Northern Trust from $108.00 to $110.00 and gave the company an “equal weight” rating in a research note on Friday. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Northern Trust currently has a consensus rating of “Hold” and an average 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.