Davis R M Inc. Sells 2,890 Shares of Northern Trust Co. (NTRS)
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.
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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