Ritholtz Wealth Management Buys Shares of 5,420 Northern Trust Co. (NASDAQ:NTRS)

Ritholtz Wealth Management acquired a new stake in shares of Northern Trust Co. (NASDAQ:NTRS - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 5,420 shares of the asset manager's stock, valued at approximately $488,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Avity Investment Management Inc. increased 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 purchasing an additional 5,000 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt increased its holdings in 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 buying an additional 600 shares in the last quarter. Juncture Wealth Strategies LLC raised its position in 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 buying an additional 450 shares during the last quarter. UMB Bank n.a. lifted its stake in Northern Trust by 5.4% during the 3rd quarter. UMB Bank n.a. now owns 4,328 shares of the asset manager's stock valued at $390,000 after acquiring an additional 221 shares during the period. Finally, CWM LLC boosted its holdings in shares of Northern Trust by 26.1% during the 3rd quarter. CWM LLC now owns 12,183 shares of the asset manager's stock valued at $1,097,000 after acquiring an additional 2,520 shares during the last quarter. 83.19% of the stock is currently owned by institutional investors.

Insider Transactions at Northern Trust

In related news, EVP Teresa Parker sold 5,883 shares of the 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 of the company's stock, valued at approximately $7,041,285.90. This represents a 0.00 % decrease in their ownership of the stock. 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 the company's stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $88.12, for a total transaction of $163,462.60. Following the sale, the director now directly owns 1,000 shares in the company, valued at approximately $88,120. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Teresa Parker sold 5,883 shares of the stock in a transaction dated Friday, August 9th. The shares were 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 of the company's stock, 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. Over the last three months, insiders have sold 13,738 shares of company stock valued at $1,191,388. 0.64% of the stock is currently owned by insiders.

Northern Trust Price Performance

NTRS traded up $2.26 during trading on Wednesday, reaching $96.64. 1,433,760 shares of the company traded hands, compared to its average volume of 1,300,204. The company has a market cap of $19.77 billion, a P/E ratio of 20.83, a PEG ratio of 1.44 and a beta of 1.08. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.71 and a current 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 fifty day simple moving average of $88.87 and a 200 day simple moving average of $86.11.

Northern Trust (NASDAQ:NTRS - Get Free Report) last announced its quarterly earnings results on Wednesday, July 17th. The asset manager reported $1.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.75 by $0.03. Northern Trust had a net margin of 10.53% and a return on equity of 12.24%. The company had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same period in the previous year, the firm posted $1.79 EPS. Northern Trust's revenue for the quarter was up 53.8% compared to the same quarter last year. On average, equities analysts forecast that Northern Trust Co. will post 7.04 EPS for the current year.

Wall Street Analysts Forecast Growth

NTRS has been the subject of several research reports. Royal Bank of Canada boosted 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. Deutsche Bank Aktiengesellschaft increased their price target on Northern Trust from $84.00 to $94.00 and gave the company a "hold" rating in a report on Monday, September 23rd. UBS Group lifted their price objective on Northern Trust from $86.00 to $92.00 and gave the stock a "neutral" rating in a report on Tuesday, October 8th. The Goldman Sachs Group downgraded Northern Trust from a "neutral" rating to a "sell" rating and lowered their target price for the company from $84.00 to $82.00 in a report on Thursday, September 26th. 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 report on Thursday, June 27th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Northern Trust has an average rating of "Hold" and an average price target of $90.42.

Northern Trust 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.