UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Holdings in Northern Trust Co. (NASDAQ:NTRS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Northern Trust Co. (NASDAQ:NTRS) by 1.1% during the third quarter, according to its most recent filing with the SEC. The fund owned 1,577,091 shares of the asset manager’s stock after buying an additional 16,500 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.80% of Northern Trust worth $141,986,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in NTRS. Swedbank AB purchased a new stake in Northern Trust in the first quarter worth $1,407,000. Tidal Investments LLC raised its stake in Northern Trust by 141.3% in the 1st quarter. Tidal Investments LLC now owns 13,771 shares of the asset manager’s stock valued at $1,224,000 after acquiring an additional 8,063 shares during the period. M&G Plc purchased a new stake in Northern Trust during the second quarter valued at about $971,000. Williams Financial LLC bought a new position in Northern Trust during the second quarter worth about $1,322,000. Finally, Diversified Trust Co increased its stake in shares of Northern Trust by 47.5% in the second quarter. Diversified Trust Co now owns 24,942 shares of the asset manager’s stock worth $2,095,000 after purchasing an additional 8,028 shares in the last quarter. Institutional investors own 83.19% of the company’s stock.

Insider Buying and Selling at Northern Trust

In related news, COO Peter Cherecwich sold 16,153 shares of the business’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $105.18, for a total transaction of $1,698,972.54. Following the transaction, the chief operating officer now owns 4,397 shares in the company, valued at $462,476.46. The trade was a 78.60 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Charles A. Tribbett sold 1,855 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was 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 approximately $88,120. This trade represents a 64.97 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 74,906 shares of company stock worth $7,643,252. 0.64% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on NTRS. Barclays upped their price target on shares of Northern Trust from $98.00 to $115.00 and gave the company an “equal weight” rating in a research note on Thursday, October 24th. Morgan Stanley increased their target price on Northern Trust from $97.00 to $103.00 and gave the stock an “underweight” rating in a research report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft lifted their price target on 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 cut Northern Trust from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $84.00 to $82.00 in a report on Thursday, September 26th. Finally, Royal Bank of Canada lifted 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 analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $100.67.

Northern Trust Stock Up 0.5 %

Shares of NASDAQ:NTRS opened at $111.16 on Monday. The stock has a market capitalization of $22.03 billion, a P/E ratio of 13.83, a price-to-earnings-growth ratio of 1.25 and a beta of 1.06. The stock’s 50-day moving average price is $99.73 and its 200-day moving average price is $90.65. 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 Co. has a 12-month low of $76.67 and a 12-month high of $111.87.

Northern Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders of record on Friday, December 6th will be paid a $0.75 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $3.00 dividend on an annualized basis and a yield of 2.70%. Northern Trust’s dividend payout ratio (DPR) 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.