Qsemble Capital Management LP Invests $920,000 in Northern Trust Co. (NASDAQ:NTRS)

Qsemble Capital Management LP purchased a new stake in shares of Northern Trust Co. (NASDAQ:NTRS) in the third quarter, Holdings Channel.com reports. The fund purchased 10,215 shares of the asset manager’s stock, valued at approximately $920,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Allworth Financial LP boosted its stake in shares of Northern Trust by 9.1% in the 3rd quarter. Allworth Financial LP now owns 1,170 shares of the asset manager’s stock valued at $105,000 after purchasing an additional 98 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its stake in shares of Northern Trust by 14.5% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 922 shares of the asset manager’s stock valued at $83,000 after purchasing an additional 117 shares during the period. DekaBank Deutsche Girozentrale increased its stake in Northern Trust by 0.3% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 43,713 shares of the asset manager’s stock valued at $3,608,000 after buying an additional 120 shares during the last quarter. Mesirow Financial Investment Management Inc. grew its stake in Northern Trust by 0.4% in the third quarter. Mesirow Financial Investment Management Inc. now owns 35,673 shares of the asset manager’s stock valued at $3,212,000 after purchasing an additional 127 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of Northern Trust by 1.3% in the second quarter. Allspring Global Investments Holdings LLC now owns 10,584 shares of the asset manager’s stock valued at $889,000 after buying an additional 131 shares in the last quarter. Institutional investors and hedge funds own 83.19% of the company’s stock.

Analyst Upgrades and Downgrades

NTRS has been the topic of a number of research analyst reports. 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. Wells Fargo & Company lifted their target price on shares of Northern Trust from $108.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Friday, November 15th. StockNews.com raised shares of Northern Trust from a “hold” rating to a “buy” rating in a research report on Tuesday, November 12th. UBS Group upped their price objective on shares of Northern Trust from $86.00 to $92.00 and gave the company a “neutral” rating in a research note on Tuesday, October 8th. Finally, Morgan Stanley upped their price objective on shares of Northern Trust from $97.00 to $103.00 and gave the stock an “underweight” 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 company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $100.67.

Insiders Place Their Bets

In other Northern Trust news, Vice Chairman Steven L. Fradkin sold 27,874 shares of the stock in a transaction on Friday, October 25th. The shares were sold at an average price of $100.50, for a total transaction 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Peter Cherecwich sold 16,153 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $105.18, for a total transaction of $1,698,972.54. Following the completion of the transaction, the chief operating officer now directly owns 4,397 shares of the company’s stock, valued at approximately $462,476.46. The trade was a 78.60 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 74,906 shares of company stock valued at $7,643,252 in the last quarter. 0.64% of the stock is currently owned by insiders.

Northern Trust Trading Up 0.2 %

Northern Trust stock opened at $110.75 on Wednesday. Northern Trust Co. has a 1 year low of $75.68 and a 1 year high of $111.19. The firm’s 50 day moving average price is $98.58 and its 200-day moving average price is $90.13. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.71 and a quick ratio of 0.71. The stock has a market cap of $21.95 billion, a P/E ratio of 13.77, a PEG ratio of 1.24 and a beta of 1.06.

Northern Trust Announces Dividend

The company also recently declared 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 2.71%. The ex-dividend date is Friday, December 6th. Northern Trust’s payout ratio is presently 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.