Livforsakringsbolaget Skandia Omsesidigt Increases Stake in Northern Trust Co. (NASDAQ:NTRS)

Livforsakringsbolaget Skandia Omsesidigt boosted its stake in Northern Trust Co. (NASDAQ:NTRS) by 303.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 798 shares of the asset manager’s stock after purchasing an additional 600 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Northern Trust were worth $72,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Olistico Wealth LLC acquired a new position in Northern Trust in the 2nd quarter worth $25,000. Innealta Capital LLC acquired a new stake in Northern Trust during the 2nd quarter valued at approximately $26,000. Ridgewood Investments LLC purchased a new stake in Northern Trust during the 2nd quarter worth approximately $30,000. Versant Capital Management Inc increased its holdings in Northern Trust by 343.9% during the 2nd quarter. Versant Capital Management Inc now owns 435 shares of the asset manager’s stock worth $37,000 after purchasing an additional 337 shares during the last quarter. Finally, Tributary Capital Management LLC acquired a new position in shares of Northern Trust in the 1st quarter valued at approximately $53,000. 83.19% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. The Goldman Sachs Group lowered shares of Northern Trust from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $84.00 to $82.00 in a research note on Thursday, September 26th. UBS Group upped their target price on shares of Northern Trust from $86.00 to $92.00 and gave the company a “neutral” rating in a research note on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Northern Trust from $84.00 to $94.00 and gave the stock a “hold” rating in a research report on Monday, September 23rd. Royal Bank of Canada upped their price objective on Northern Trust from $86.00 to $90.00 and gave the company an “outperform” rating in a research note on Thursday, July 18th. Finally, Morgan Stanley increased their target price on Northern Trust from $93.00 to $97.00 and gave the stock an “underweight” rating in a report on Monday, September 30th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $90.42.

Insider Buying and Selling

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

Northern Trust Trading Up 2.4 %

Northern Trust stock opened at $96.64 on Thursday. The stock has a market capitalization of $19.77 billion, a PE ratio of 21.33, 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 current ratio of 0.71 and a quick ratio of 0.71. Northern Trust Co. has a 12-month low of $62.44 and a 12-month high of $97.08. The firm has a 50 day simple moving average of $89.15 and a 200-day simple moving average of $86.19.

Northern Trust (NASDAQ:NTRS) last posted its quarterly earnings data on Wednesday, July 17th. The asset manager reported $1.78 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.03. Northern Trust had a return on equity of 12.24% and a net margin of 10.53%. The company had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter in the previous year, the business earned $1.79 EPS. The company’s quarterly revenue was up 53.8% compared to the same quarter last year. As a group, equities research analysts expect that Northern Trust Co. will post 7.04 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.