CreativeOne Wealth LLC Sells 352 Shares of Northern Trust Co. (NASDAQ:NTRS)

CreativeOne Wealth LLC lessened its position in shares of Northern Trust Co. (NASDAQ:NTRS) by 12.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,496 shares of the asset manager’s stock after selling 352 shares during the period. CreativeOne Wealth LLC’s holdings in Northern Trust were worth $225,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in NTRS. Innealta Capital LLC bought a new stake in shares of Northern Trust in the second quarter valued at approximately $26,000. Ridgewood Investments LLC bought a new stake in shares of Northern Trust in the second quarter valued at approximately $30,000. Northwest Investment Counselors LLC bought a new stake in shares of Northern Trust in the third quarter valued at approximately $39,000. Capital Performance Advisors LLP bought a new stake in shares of Northern Trust in the third quarter valued at approximately $48,000. Finally, Eastern Bank bought a new stake in shares of Northern Trust in the third quarter valued at approximately $51,000. 83.19% of the stock is currently owned by institutional investors.

Northern Trust Stock Down 0.5 %

Shares of NASDAQ:NTRS opened at $109.34 on Wednesday. The company has a market capitalization of $21.67 billion, a PE ratio of 13.60, a price-to-earnings-growth ratio of 1.24 and a beta of 1.07. Northern Trust Co. has a 52-week low of $76.67 and a 52-week high of $111.87. The company has a fifty day moving average of $100.46 and a 200-day moving average of $90.98. 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 Dividend Announcement

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 issued a $0.75 dividend. The ex-dividend date is Friday, December 6th. This represents a $3.00 dividend on an annualized basis and a yield of 2.74%. Northern Trust’s payout ratio is 37.31%.

Analysts Set New Price Targets

NTRS has been the subject of several recent research reports. UBS Group boosted their price target on Northern Trust from $86.00 to $92.00 and gave the company a “neutral” rating in a research note on Tuesday, October 8th. The Goldman Sachs Group cut Northern Trust from a “neutral” rating to a “sell” rating and cut their target price for the stock from $84.00 to $82.00 in a research note on Thursday, September 26th. Royal Bank of Canada upped their target price on Northern Trust from $100.00 to $107.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Keefe, Bruyette & Woods upped their target price on Northern Trust from $100.00 to $113.00 and gave the stock a “market perform” rating in a research note on Tuesday. Finally, StockNews.com cut Northern Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $103.00.

Insider Activity at Northern Trust

In other Northern Trust news, insider Teresa Parker sold 4,439 shares of the company’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $100.86, for a total transaction of $447,717.54. Following the sale, the insider now owns 79,326 shares of the company’s stock, valued at approximately $8,000,820.36. This represents a 5.30 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Vice Chairman Steven L. Fradkin sold 27,874 shares of the company’s 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 sale, the insider now directly owns 46,078 shares in the company, valued at $4,630,839. This trade represents a 37.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 84,006 shares of company stock worth $8,653,352 over the last three months. Company insiders own 0.64% of the company’s stock.

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.