Claro Advisors LLC Acquires 26,345 Shares of Northern Trust Co. (NASDAQ:NTRS)

Claro Advisors LLC raised its position in shares of Northern Trust Co. (NASDAQ:NTRS - Free Report) by 288.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 35,486 shares of the asset manager's stock after buying an additional 26,345 shares during the quarter. Claro Advisors LLC's holdings in Northern Trust were worth $3,195,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of NTRS. Massmutual Trust Co. FSB ADV lifted its position in shares of Northern Trust by 14.5% in the third quarter. Massmutual Trust Co. FSB ADV now owns 922 shares of the asset manager's stock worth $83,000 after purchasing an additional 117 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its position in shares of Northern Trust by 0.3% in the second quarter. DekaBank Deutsche Girozentrale now owns 43,713 shares of the asset manager's stock worth $3,608,000 after purchasing an additional 120 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Northern Trust by 1.3% in the second quarter. Allspring Global Investments Holdings LLC now owns 10,584 shares of the asset manager's stock worth $889,000 after buying an additional 131 shares during the last quarter. Koshinski Asset Management Inc. increased its holdings in Northern Trust by 2.4% in the third quarter. Koshinski Asset Management Inc. now owns 6,488 shares of the asset manager's stock worth $584,000 after buying an additional 153 shares during the last quarter. Finally, First Trust Direct Indexing L.P. increased its holdings in Northern Trust by 4.5% in the first quarter. First Trust Direct Indexing L.P. now owns 4,257 shares of the asset manager's stock worth $379,000 after buying an additional 182 shares during the last quarter. 83.19% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, 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 sale, the director now directly owns 1,000 shares of the company's stock, valued at $88,120. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other 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 sale, the executive vice president now directly owns 28,707 shares of the company's stock, valued at $2,552,052.30. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available 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 shares were sold at an average price of $88.12, for a total value of $163,462.60. Following the completion of the sale, the director now directly owns 1,000 shares of the company's stock, valued at approximately $88,120. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 13,738 shares of company stock worth $1,191,388 over the last three months. 0.64% of the stock is currently owned by company insiders.

Northern Trust Trading Up 0.1 %

NTRS stock traded up $0.14 during midday trading on Friday, reaching $96.40. The stock had a trading volume of 903,961 shares, compared to its average volume of 1,296,581. The business has a fifty day simple moving average of $89.40 and a two-hundred day simple moving average of $86.25. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.58. The firm has a market cap of $19.72 billion, a price-to-earnings ratio of 21.25, a PEG ratio of 1.44 and a beta of 1.08. Northern Trust Co. has a twelve month low of $62.44 and a twelve month high of $97.08.

Northern Trust (NASDAQ:NTRS - Get Free Report) last announced its quarterly earnings data on Wednesday, July 17th. The asset manager reported $1.78 EPS for the quarter, topping analysts' consensus estimates of $1.75 by $0.03. The firm had revenue of $2.72 billion during the quarter, compared to analyst estimates of $1.84 billion. Northern Trust had a return on equity of 12.24% and a net margin of 10.53%. The company's revenue was up 53.8% on a year-over-year basis. During the same period last year, the company earned $1.79 earnings per share. As a group, research analysts expect that Northern Trust Co. will post 7.04 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently commented on NTRS shares. Keefe, Bruyette & Woods dropped their price objective on Northern Trust from $92.00 to $85.00 and set a "market perform" rating on the stock in a report on Thursday, June 27th. Morgan Stanley increased their price objective on Northern Trust from $93.00 to $97.00 and gave the stock an "underweight" rating in a report on Monday, September 30th. 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 increased their price target on Northern Trust from $86.00 to $92.00 and gave the company a "neutral" rating in a report on Tuesday, October 8th. Finally, Royal Bank of Canada increased their price target on Northern Trust from $86.00 to $90.00 and gave the company an "outperform" rating in a report on Thursday, July 18th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Northern Trust presently has a consensus rating of "Hold" and an average price target of $90.42.

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.