BNP PARIBAS ASSET MANAGEMENT Holding S.A. Decreases Stock Holdings in Northern Trust Co. (NASDAQ:NTRS)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. lowered its holdings in Northern Trust Co. (NASDAQ:NTRS) by 8.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 141,971 shares of the asset manager’s stock after selling 12,907 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned about 0.07% of Northern Trust worth $12,782,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Ontario Teachers Pension Plan Board bought a new stake in shares of Northern Trust during the 3rd quarter worth $390,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Northern Trust during the third quarter worth about $2,071,000. Pathstone Holdings LLC raised its position in Northern Trust by 2.6% in the third quarter. Pathstone Holdings LLC now owns 15,936 shares of the asset manager’s stock worth $1,437,000 after acquiring an additional 402 shares during the period. Aviance Capital Partners LLC boosted its stake in Northern Trust by 11.8% in the third quarter. Aviance Capital Partners LLC now owns 11,652 shares of the asset manager’s stock valued at $1,049,000 after acquiring an additional 1,226 shares during the last quarter. Finally, Claro Advisors LLC grew its position in shares of Northern Trust by 6.7% during the 3rd quarter. Claro Advisors LLC now owns 9,755 shares of the asset manager’s stock valued at $878,000 after acquiring an additional 614 shares during the period. Institutional investors own 83.19% of the company’s stock.

Northern Trust Price Performance

Shares of NASDAQ:NTRS opened at $109.46 on Friday. Northern Trust Co. has a 12 month low of $75.55 and a 12 month high of $109.92. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.58. The stock has a market cap of $21.70 billion, a P/E ratio of 13.61, a P/E/G ratio of 1.23 and a beta of 1.06. The company has a 50 day moving average of $97.76 and a 200 day moving average of $89.76.

Northern Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Friday, December 6th will be issued a $0.75 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $3.00 annualized dividend and a dividend yield of 2.74%. Northern Trust’s payout ratio is currently 37.31%.

Insider Buying and Selling

In other news, EVP Thomas A. South sold 5,000 shares of Northern Trust stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $105.80, for a total transaction of $529,000.00. Following the completion of the sale, the executive vice president now directly owns 49,756 shares of the company’s stock, valued at approximately $5,264,184.80. The trade was a 9.13 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Charles A. Tribbett sold 1,855 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $88.12, for a total transaction of $163,462.60. Following the transaction, the director now owns 1,000 shares in the company, valued at $88,120. The trade was a 64.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 80,906 shares of company stock worth $8,176,652. Corporate insiders own 0.64% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on NTRS shares. Wells Fargo & Company lifted their price target on shares of Northern Trust from $108.00 to $110.00 and gave the stock an “equal weight” rating in a report on Friday, November 15th. StockNews.com upgraded Northern Trust from a “hold” rating to a “buy” rating in a research note on Tuesday, November 12th. Royal Bank of Canada upped 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. Bank of America lifted their price objective on Northern Trust from $103.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Finally, The Goldman Sachs Group downgraded shares of Northern Trust from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $84.00 to $82.00 in a report on Thursday, September 26th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $100.67.

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.