Northwest Investment Counselors LLC Takes Position in Northern Trust Co. (NASDAQ:NTRS)

Northwest Investment Counselors LLC purchased a new stake in Northern Trust Co. (NASDAQ:NTRS) during the third quarter, according to its most recent filing with the SEC. The firm purchased 433 shares of the asset manager’s stock, valued at approximately $39,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Olistico Wealth LLC purchased a new position in shares of Northern Trust in the 2nd quarter valued at $25,000. Innealta Capital LLC purchased a new position in shares of Northern Trust in the 2nd quarter valued at $26,000. Ridgewood Investments LLC purchased a new position in shares of Northern Trust in the 2nd quarter valued at $30,000. Versant Capital Management Inc grew its stake 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 buying an additional 337 shares during the last quarter. Finally, Tributary Capital Management LLC purchased a new position in Northern Trust during the 1st quarter worth $53,000. 83.19% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NTRS has been the topic of several research analyst reports. The Goldman Sachs Group downgraded Northern Trust from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $84.00 to $82.00 in a research note on Thursday, September 26th. Morgan Stanley boosted 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. UBS Group boosted 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 boosted 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. Finally, Keefe, Bruyette & Woods dropped their target price on Northern Trust from $92.00 to $85.00 and set a “market perform” rating on the stock in a research note on Thursday, June 27th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Northern Trust currently has an average rating of “Hold” and a consensus price target of $92.18.

Insider Activity

In other news, Director Charles A. Tribbett sold 1,855 shares of the business’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $88.12, for a total value of $163,462.60. Following the completion of the transaction, the director now owns 1,000 shares of the company’s stock, valued at $88,120. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, EVP Mark C. Gossett sold 6,000 shares of the company’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $88.90, for a total value of $533,400.00. Following the completion of the transaction, the executive vice president now owns 28,707 shares of the company’s stock, valued at approximately $2,552,052.30. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Charles A. Tribbett sold 1,855 shares of the company’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $88.12, for a total value of $163,462.60. Following the completion of the transaction, the director now directly owns 1,000 shares of the company’s stock, valued at $88,120. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,738 shares of company stock valued at $1,191,388 in the last quarter. 0.64% of the stock is currently owned by company insiders.

Northern Trust Stock Performance

Shares of NTRS stock opened at $95.79 on Wednesday. The stock has a market cap of $19.60 billion, a PE ratio of 21.15, a price-to-earnings-growth ratio of 1.44 and a beta of 1.08. The business has a 50-day simple moving average of $90.15 and a 200-day simple moving average of $86.42. 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 $62.44 and a 52-week high of $97.08.

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.