Orion Portfolio Solutions LLC Sells 922 Shares of Northern Trust Co. (NASDAQ:NTRS)

Orion Portfolio Solutions LLC reduced its position in shares of Northern Trust Co. (NASDAQ:NTRS) by 3.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,687 shares of the asset manager’s stock after selling 922 shares during the period. Orion Portfolio Solutions LLC’s holdings in Northern Trust were worth $2,313,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NTRS. Innealta Capital LLC bought a new position in shares of Northern Trust in the 2nd quarter valued at $26,000. Ridgewood Investments LLC bought a new position in Northern Trust in the second quarter valued at about $30,000. Northwest Investment Counselors LLC acquired a new position in Northern Trust during the third quarter worth about $39,000. Capital Performance Advisors LLP bought a new position in shares of Northern Trust in the third quarter worth about $48,000. Finally, Eastern Bank acquired a new stake in shares of Northern Trust in the 3rd quarter valued at approximately $51,000. 83.19% of the stock is currently owned by institutional investors.

Northern Trust Stock Performance

NASDAQ:NTRS opened at $105.15 on Thursday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.71 and a current ratio of 0.71. Northern Trust Co. has a fifty-two week low of $76.67 and a fifty-two week high of $111.87. The company has a 50 day simple moving average of $102.33 and a two-hundred day simple moving average of $91.86. The company has a market capitalization of $20.84 billion, a PE ratio of 13.08, a P/E/G ratio of 1.21 and a beta of 1.07.

Northern Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 1st. Investors of record on Friday, December 6th will be paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date of this dividend is Friday, December 6th. Northern Trust’s dividend payout ratio is presently 37.31%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Keefe, Bruyette & Woods increased their price objective on shares of Northern Trust from $100.00 to $113.00 and gave the company a “market perform” rating in a research note on Tuesday, December 3rd. Barclays increased their price target on Northern Trust from $98.00 to $115.00 and gave the company an “equal weight” rating in a research note on Thursday, October 24th. Royal Bank of Canada boosted their price objective on Northern Trust from $100.00 to $107.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Wells Fargo & Company increased their target price on Northern Trust from $108.00 to $110.00 and gave the company an “equal weight” rating in a research report on Friday, November 15th. Finally, Morgan Stanley raised Northern Trust from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $103.00 to $127.00 in a research note on Monday. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $105.00.

Insider Activity at Northern Trust

In other Northern Trust news, Vice Chairman Steven L. Fradkin sold 9,100 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $111.00, for a total value of $1,010,100.00. Following the transaction, the insider now directly owns 47,797 shares of the company’s stock, valued at approximately $5,305,467. The trade was a 15.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Charles A. Tribbett sold 1,855 shares of the firm’s stock in a transaction that occurred 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 sale, the director now directly owns 1,000 shares of the company’s stock, valued at approximately $88,120. This trade represents a 64.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 84,006 shares of company stock worth $8,653,352 over the last quarter. Company insiders own 0.64% of the company’s stock.

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.