CHICAGO TRUST Co NA Buys New Position in Northern Trust Co. (NASDAQ:NTRS)

CHICAGO TRUST Co NA bought a new stake in Northern Trust Co. (NASDAQ:NTRS) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 2,391 shares of the asset manager’s stock, valued at approximately $215,000.

A number of other large investors have also recently made changes to their positions in NTRS. Exchange Traded Concepts LLC raised its stake in Northern Trust by 912.4% during the 3rd quarter. Exchange Traded Concepts LLC now owns 1,144 shares of the asset manager’s stock valued at $103,000 after acquiring an additional 1,031 shares during the last quarter. Ritholtz Wealth Management purchased a new stake in Northern Trust during the 3rd quarter valued at approximately $488,000. Avity Investment Management Inc. raised its stake in Northern Trust by 100.0% during the 3rd quarter. Avity Investment Management Inc. now owns 10,000 shares of the asset manager’s stock valued at $900,000 after acquiring an additional 5,000 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its stake in Northern Trust by 303.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 798 shares of the asset manager’s stock valued at $72,000 after acquiring an additional 600 shares during the last quarter. Finally, Juncture Wealth Strategies LLC raised its stake in Northern Trust by 12.3% during the 3rd quarter. Juncture Wealth Strategies LLC now owns 4,112 shares of the asset manager’s stock valued at $370,000 after acquiring an additional 450 shares during the last quarter. 83.19% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Northern Trust

In other Northern Trust news, EVP Teresa Parker sold 5,883 shares of the stock in a transaction on Friday, August 9th. The stock was sold at an average price of $84.06, for a total transaction of $494,524.98. Following the sale, the executive vice president now owns 83,765 shares in the company, valued at approximately $7,041,285.90. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Northern Trust news, EVP Teresa Parker sold 5,883 shares of the stock in a transaction on Friday, August 9th. The stock was sold at an average price of $84.06, for a total transaction of $494,524.98. Following the sale, the executive vice president now owns 83,765 shares in the company, valued at approximately $7,041,285.90. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Mark C. Gossett sold 6,000 shares of the stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $88.90, for a total value of $533,400.00. Following the sale, the executive vice president now owns 28,707 shares in the company, valued at approximately $2,552,052.30. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,738 shares of company stock worth $1,191,388. 0.64% of the stock is owned by insiders.

Northern Trust Price Performance

Shares of NASDAQ:NTRS opened at $94.06 on Tuesday. The business’s fifty day moving average price is $88.65 and its two-hundred day moving average price is $86.07. The stock has a market cap of $19.24 billion, a PE ratio of 20.76, a price-to-earnings-growth ratio of 1.44 and a beta of 1.08. 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 Co. has a one year low of $62.44 and a one year high of $94.12.

Northern Trust (NASDAQ:NTRS) last announced its earnings results on Wednesday, July 17th. The asset manager reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $1.75 by $0.03. The firm had revenue of $2.72 billion for the quarter, compared to analysts’ expectations of $1.84 billion. Northern Trust had a return on equity of 12.24% and a net margin of 10.53%. Northern Trust’s quarterly revenue was up 53.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.79 EPS. On average, analysts forecast that Northern Trust Co. will post 7.04 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on NTRS shares. UBS Group increased their target price on Northern Trust from $86.00 to $92.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 8th. Royal Bank of Canada increased their target price on Northern Trust from $86.00 to $90.00 and gave the stock an “outperform” rating in a research note on Thursday, July 18th. The Goldman Sachs Group downgraded 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. Morgan Stanley increased their target price on Northern Trust from $93.00 to $97.00 and gave the stock an “underweight” rating in a research note on Monday, September 30th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Northern Trust from $84.00 to $94.00 and gave the stock a “hold” rating in a research note on Monday, September 23rd. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $90.42.

About Northern Trust

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.