BI Asset Management Fondsmaeglerselskab A S Boosts Position in Northern Trust Co. (NASDAQ:NTRS)

BI Asset Management Fondsmaeglerselskab A S raised its position in Northern Trust Co. (NASDAQ:NTRS) by 40.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,744 shares of the asset manager’s stock after acquiring an additional 3,378 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Northern Trust were worth $1,204,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Massachusetts Financial Services Co. MA boosted its holdings in shares of Northern Trust by 1.2% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,486,616 shares of the asset manager’s stock worth $767,378,000 after buying an additional 92,162 shares during the last quarter. Geode Capital Management LLC raised its position in Northern Trust by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 4,904,871 shares of the asset manager’s stock worth $501,444,000 after acquiring an additional 30,908 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Northern Trust by 9.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,296,442 shares of the asset manager’s stock worth $386,809,000 after acquiring an additional 388,692 shares during the last quarter. Invesco Ltd. grew its position in shares of Northern Trust by 7.5% during the 4th quarter. Invesco Ltd. now owns 2,885,312 shares of the asset manager’s stock valued at $295,744,000 after acquiring an additional 202,327 shares during the period. Finally, Wellington Management Group LLP increased its stake in shares of Northern Trust by 1.6% in the 4th quarter. Wellington Management Group LLP now owns 2,532,401 shares of the asset manager’s stock worth $259,571,000 after purchasing an additional 39,592 shares in the last quarter. 83.19% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Northern Trust news, COO Peter Cherecwich sold 26,132 shares of the business’s stock in a transaction that occurred on Wednesday, January 29th. The stock was sold at an average price of $112.36, for a total transaction of $2,936,191.52. Following the sale, the chief operating officer now directly owns 26,586 shares of the company’s stock, valued at $2,987,202.96. The trade was a 49.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Jane Karpinski sold 2,262 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $111.33, for a total value of $251,828.46. Following the sale, the executive vice president now owns 17,236 shares in the company, valued at approximately $1,918,883.88. This trade represents a 11.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 35,335 shares of company stock worth $3,970,211. Insiders own 0.77% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on NTRS. Evercore ISI cut their price target on Northern Trust from $113.00 to $104.00 and set an “in-line” rating for the company in a report on Tuesday, April 1st. Royal Bank of Canada boosted their price objective on Northern Trust from $107.00 to $115.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Keefe, Bruyette & Woods raised their target price on shares of Northern Trust from $113.00 to $122.00 and gave the stock a “market perform” rating in a research note on Friday, January 24th. Barclays upped their price target on shares of Northern Trust from $115.00 to $118.00 and gave the stock an “equal weight” rating in a research report on Monday, January 6th. Finally, Citigroup decreased their price objective on shares of Northern Trust from $110.00 to $105.00 and set a “neutral” rating on the stock in a research report on Monday, March 24th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $113.08.

Northern Trust Trading Up 3.0 %

Shares of Northern Trust stock opened at $89.36 on Wednesday. Northern Trust Co. has a twelve month low of $79.68 and a twelve month high of $114.67. The company has a quick ratio of 0.71, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The business has a 50-day moving average price of $99.01 and a 200-day moving average price of $102.79. The firm has a market cap of $17.49 billion, a price-to-earnings ratio of 9.14, a PEG ratio of 1.72 and a beta of 1.10.

Northern Trust (NASDAQ:NTRS) last released its quarterly earnings data on Tuesday, April 22nd. The asset manager reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.85 by $0.05. The business had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.95 billion. Northern Trust had a return on equity of 13.74% and a net margin of 12.77%. Equities research analysts anticipate that Northern Trust Co. will post 8.27 EPS for the current fiscal year.

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.