Donoghue Forlines LLC Buys New Shares in Northern Trust Co. (NASDAQ:NTRS)

Donoghue Forlines LLC acquired a new position in Northern Trust Co. (NASDAQ:NTRS) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 14,779 shares of the asset manager’s stock, valued at approximately $1,515,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NTRS. FMR LLC increased its position in shares of Northern Trust by 9.3% in the third quarter. FMR LLC now owns 18,187,663 shares of the asset manager’s stock worth $1,637,435,000 after acquiring an additional 1,542,685 shares in the last quarter. JPMorgan Chase & Co. raised its position in Northern Trust by 9.9% in the third quarter. JPMorgan Chase & Co. now owns 4,296,442 shares of the asset manager’s stock valued at $386,809,000 after purchasing an additional 388,692 shares during the period. AQR Capital Management LLC lifted its stake in shares of Northern Trust by 55.1% during the second quarter. AQR Capital Management LLC now owns 597,146 shares of the asset manager’s stock worth $49,575,000 after purchasing an additional 212,089 shares in the last quarter. International Assets Investment Management LLC boosted its position in shares of Northern Trust by 93,421.2% in the third quarter. International Assets Investment Management LLC now owns 185,172 shares of the asset manager’s stock worth $152,194,000 after buying an additional 184,974 shares during the period. Finally, Victory Capital Management Inc. grew its stake in shares of Northern Trust by 67.4% in the third quarter. Victory Capital Management Inc. now owns 403,990 shares of the asset manager’s stock valued at $36,371,000 after buying an additional 162,623 shares in the last quarter. Institutional investors and hedge funds own 83.19% of the company’s stock.

Analyst Ratings Changes

NTRS has been the subject of a number of analyst reports. Morgan Stanley decreased their price target on Northern Trust from $127.00 to $125.00 and set an “equal weight” rating for the company in a report on Friday, January 3rd. Barclays raised their price target on shares of Northern Trust from $115.00 to $118.00 and gave the company an “equal weight” rating in a report on Monday, January 6th. Evercore ISI boosted their price objective on shares of Northern Trust from $86.00 to $103.00 and gave the stock an “in-line” rating in a report on Thursday, October 24th. Keefe, Bruyette & Woods raised their target price on Northern Trust from $100.00 to $113.00 and gave the company a “market perform” rating in a research note on Tuesday, December 3rd. Finally, Bank of America boosted their price target on Northern Trust from $103.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $107.17.

Northern Trust Trading Up 2.0 %

Shares of NASDAQ NTRS opened at $109.52 on Thursday. The stock has a market capitalization of $21.71 billion, a P/E ratio of 13.55, a PEG ratio of 1.23 and a beta of 1.08. The stock’s 50 day moving average price is $105.76 and its two-hundred day moving average price is $96.30. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.58. Northern Trust Co. has a 52-week low of $76.67 and a 52-week high of $111.87.

Northern Trust (NASDAQ:NTRS) last announced its quarterly earnings data on Thursday, January 23rd. The asset manager reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $0.30. Northern Trust had a return on equity of 12.75% and a net margin of 10.92%. On average, analysts anticipate that Northern Trust Co. will post 7.56 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Susan Cohen Levy sold 19,585 shares of the business’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $102.26, for a total transaction of $2,002,762.10. Following the completion of the transaction, the executive vice president now owns 17,132 shares in the company, valued at $1,751,918.32. The trade was a 53.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Vice Chairman Steven L. Fradkin sold 9,100 shares of the stock in a transaction on Friday, November 29th. The stock was sold at an average price of $111.00, for a total value of $1,010,100.00. Following the completion of the sale, the insider now directly owns 47,797 shares in the company, valued at $5,305,467. This represents a 15.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 82,151 shares of company stock valued at $8,489,889. Company insiders own 0.64% of the company’s stock.

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.