Exchange Traded Concepts LLC Boosts Stock Holdings in Northern Trust Co. (NASDAQ:NTRS)

Exchange Traded Concepts LLC raised its holdings in shares of Northern Trust Co. (NASDAQ:NTRS) by 912.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,144 shares of the asset manager’s stock after purchasing an additional 1,031 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Northern Trust were worth $103,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the business. Ritholtz Wealth Management bought a new position in Northern Trust during the third quarter valued at $488,000. Avity Investment Management Inc. lifted its holdings in shares of Northern Trust by 100.0% in the 3rd quarter. Avity Investment Management Inc. now owns 10,000 shares of the asset manager’s stock worth $900,000 after acquiring an additional 5,000 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in shares of Northern Trust by 303.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 798 shares of the asset manager’s stock worth $72,000 after acquiring an additional 600 shares during the last quarter. Juncture Wealth Strategies LLC lifted its holdings in shares of Northern Trust by 12.3% in the 3rd quarter. Juncture Wealth Strategies LLC now owns 4,112 shares of the asset manager’s stock worth $370,000 after acquiring an additional 450 shares during the last quarter. Finally, UMB Bank n.a. lifted its holdings in shares of Northern Trust by 5.4% in the 3rd quarter. UMB Bank n.a. now owns 4,328 shares of the asset manager’s stock worth $390,000 after acquiring an additional 221 shares during the last quarter. Institutional investors own 83.19% of the company’s stock.

Analyst Ratings Changes

NTRS has been the subject of several analyst reports. UBS Group raised their target price on shares of Northern Trust from $86.00 to $92.00 and gave the stock a “neutral” rating in a report on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Northern Trust from $84.00 to $94.00 and gave the stock a “hold” rating in a report on Monday, September 23rd. The Goldman Sachs Group lowered shares of Northern Trust from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $84.00 to $82.00 in a report on Thursday, September 26th. Royal Bank of Canada lifted their price objective on shares of Northern Trust from $86.00 to $90.00 and gave the company an “outperform” rating in a report on Thursday, July 18th. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of Northern Trust from $92.00 to $85.00 and set a “market perform” rating for the company in a report on Thursday, June 27th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $92.18.

Insider Transactions at Northern Trust

In other news, Director Charles A. Tribbett sold 1,855 shares of Northern Trust stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $88.12, for a total value of $163,462.60. Following 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 Securities & Exchange Commission, which is accessible through this link. In other news, Director Charles A. Tribbett sold 1,855 shares of Northern Trust stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $88.12, for a total value of $163,462.60. Following 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 Securities & Exchange Commission, which is accessible through this link. Also, EVP Teresa Parker sold 5,883 shares of Northern Trust stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $84.06, for a total transaction of $494,524.98. Following the completion of the transaction, the executive vice president now directly owns 83,765 shares in the company, valued at approximately $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 a total of 13,738 shares of company stock valued at $1,191,388 in the last 90 days. Insiders own 0.64% of the company’s stock.

Northern Trust Stock Up 0.0 %

Shares of Northern Trust stock opened at $95.79 on Wednesday. The firm’s 50 day moving average price is $90.15 and its 200-day moving average price is $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. The company has a market cap of $19.60 billion, a P/E ratio of 21.15, a PEG ratio of 1.44 and a beta of 1.08.

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.