Davis R M Inc. lessened its holdings in Northern Trust Co. (NASDAQ:NTRS) by 1.1% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 251,823 shares of the asset manager’s stock after selling 2,890 shares during the period. Davis R M Inc.’s holdings in Northern Trust were worth $25,155,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of NTRS. Alyeska Investment Group L.P. bought a new position in shares of Northern Trust in the 3rd quarter worth approximately $128,778,000. Arrowstreet Capital Limited Partnership increased its holdings in Northern Trust by 7,106.6% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 526,081 shares of the asset manager’s stock worth $51,140,000 after acquiring an additional 518,781 shares in the last quarter. Vanguard Group Inc. increased its holdings in Northern Trust by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 14,255,623 shares of the asset manager’s stock worth $1,385,789,000 after acquiring an additional 363,691 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Northern Trust by 14.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,965,535 shares of the asset manager’s stock worth $180,691,000 after acquiring an additional 255,106 shares in the last quarter. Finally, Point72 Asset Management L.P. purchased a new stake in Northern Trust in the 3rd quarter worth approximately $23,359,000. Hedge funds and other institutional investors own 81.70% of the company’s stock.

Shares of Northern Trust Co. (NTRS) traded down $0.52 on Tuesday, reaching $106.74. 496,496 shares of the company’s stock were exchanged, compared to its average volume of 973,800. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.71 and a current ratio of 0.71. Northern Trust Co. has a twelve month low of $81.92 and a twelve month high of $107.56. The stock has a market cap of $24,240.00, a price-to-earnings ratio of 23.56, a P/E/G ratio of 1.62 and a beta of 0.96.

Northern Trust (NASDAQ:NTRS) last announced its quarterly earnings data on Wednesday, October 18th. The asset manager reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.08. Northern Trust had a net margin of 20.27% and a return on equity of 12.33%. The business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.35 billion. During the same period last year, the firm posted $1.11 EPS. The company’s revenue was up 11.2% on a year-over-year basis. equities research analysts expect that Northern Trust Co. will post 4.69 EPS for the current year.

In other Northern Trust news, COO Jana R. Schreuder sold 2,600 shares of the stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $99.02, for a total transaction of $257,452.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Peter Cherecwich sold 7,331 shares of the stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $99.09, for a total transaction of $726,428.79. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 323,382 shares of company stock valued at $31,182,013. Insiders own 1.27% of the company’s stock.

NTRS has been the subject of several analyst reports. Bank of America set a $102.00 target price on shares of Northern Trust and gave the stock a “buy” rating in a report on Thursday, October 19th. Zacks Investment Research raised shares of Northern Trust from a “hold” rating to a “buy” rating and set a $110.00 target price for the company in a report on Tuesday, December 19th. Citigroup reissued a “neutral” rating and issued a $92.00 target price (up from $90.00) on shares of Northern Trust in a report on Monday, October 9th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $110.00 target price on shares of Northern Trust in a report on Friday, December 22nd. Finally, Morgan Stanley increased their target price on shares of Northern Trust from $83.00 to $91.00 and gave the stock an “underweight” rating in a report on Thursday, October 19th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $100.20.

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Northern Trust Profile

Northern Trust Corporation is a financial holding company. The Company provides asset servicing, fund administration, asset management, fiduciary and banking solutions for corporations, institutions, families and individuals across the world. Its segments include Corporate & Institutional Services (C&IS), Wealth Management, and Treasury and Other.

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Institutional Ownership by Quarter for Northern Trust (NASDAQ:NTRS)

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