Qsemble Capital Management LP Makes New Investment in Northern Trust Co. (NASDAQ:NTRS)

Qsemble Capital Management LP purchased a new position in shares of Northern Trust Co. (NASDAQ:NTRS) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 10,215 shares of the asset manager’s stock, valued at approximately $920,000.

Other institutional investors have also modified their holdings of the company. Olistico Wealth LLC purchased a new stake in Northern Trust during the second quarter worth about $25,000. Innealta Capital LLC acquired a new stake in Northern Trust during the 2nd quarter worth approximately $26,000. Ridgewood Investments LLC purchased a new position in Northern Trust in the 2nd quarter valued at approximately $30,000. Versant Capital Management Inc grew its stake in shares of Northern Trust by 343.9% in the second 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. Finally, Northwest Investment Counselors LLC purchased a new stake in shares of Northern Trust during the third quarter worth $39,000. 83.19% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Northern Trust

In related news, Vice Chairman Steven L. Fradkin sold 27,874 shares of the stock in a transaction on 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 completion of the transaction, the insider now owns 46,078 shares in the company, valued at $4,630,839. This trade represents a 37.69 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Peter Cherecwich sold 16,153 shares of the stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $105.18, for a total value of $1,698,972.54. Following the completion of the sale, the chief operating officer now owns 4,397 shares of the company’s stock, valued at $462,476.46. The trade was a 78.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 74,906 shares of company stock worth $7,643,252 in the last 90 days. 0.64% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Royal Bank of Canada increased their price target on Northern Trust from $100.00 to $107.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Barclays lifted their price objective on shares of Northern Trust from $98.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 24th. Morgan Stanley raised their price target on Northern Trust from $97.00 to $103.00 and gave the company an “underweight” rating in a research note on Thursday, October 24th. Bank of America increased their price objective on Northern Trust from $103.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Finally, Evercore ISI upped their price target on Northern Trust from $86.00 to $103.00 and gave the company an “in-line” rating in a report on Thursday, October 24th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $100.67.

Northern Trust Price Performance

NTRS stock opened at $110.75 on Wednesday. Northern Trust Co. has a 52-week low of $75.68 and a 52-week high of $111.19. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $21.95 billion, a PE ratio of 13.77, a P/E/G ratio of 1.24 and a beta of 1.06. The stock’s 50 day moving average is $98.58 and its two-hundred day moving average is $90.13.

Northern Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Investors of record on Friday, December 6th will be given a dividend of $0.75 per share. 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 2.71%. Northern Trust’s dividend payout ratio is currently 37.31%.

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.