U S Global Investors Inc. Takes Position in Northern Trust Co. (NASDAQ:NTRS)

U S Global Investors Inc. bought a new stake in Northern Trust Co. (NASDAQ:NTRS - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 9,400 shares of the asset manager's stock, valued at approximately $846,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Olistico Wealth LLC bought a new position in Northern Trust in the 2nd quarter valued at $25,000. Innealta Capital LLC acquired a new stake in Northern Trust in the second quarter worth about $26,000. Ridgewood Investments LLC bought a new stake in shares of Northern Trust during the second quarter worth approximately $30,000. Versant Capital Management Inc lifted its stake in shares of Northern Trust by 343.9% in the 2nd quarter. Versant Capital Management Inc now owns 435 shares of the asset manager's stock valued at $37,000 after purchasing an additional 337 shares during the period. Finally, Northwest Investment Counselors LLC acquired a new stake in shares of Northern Trust during the third quarter worth $39,000. 83.19% of the stock is owned by institutional investors and hedge funds.

Northern Trust Stock Up 0.0 %

Shares of Northern Trust stock traded up $0.03 on Tuesday, reaching $95.79. 1,346,483 shares of the company were exchanged, compared to its average volume of 1,294,670. The company has a market capitalization of $19.60 billion, a price-to-earnings ratio of 20.96, a PEG ratio of 1.44 and a beta of 1.08. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.58. Northern Trust Co. has a one year low of $62.44 and a one year high of $97.08. The company has a 50-day moving average of $89.91 and a 200 day moving average of $86.35.

Analysts Set New Price Targets

Several research firms have recently issued reports on NTRS. Keefe, Bruyette & Woods decreased their target price on Northern Trust from $92.00 to $85.00 and set a "market perform" rating for the company in a research report on Thursday, June 27th. The Goldman Sachs Group cut 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. Morgan Stanley increased their target price on shares of Northern Trust from $93.00 to $97.00 and gave the stock an "underweight" rating in a report on Monday, September 30th. Royal Bank of Canada boosted their price target 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, UBS Group raised their price target on Northern Trust from $86.00 to $92.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 8th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $92.18.

Insider Buying and Selling at Northern Trust

In related news, Director Charles A. Tribbett sold 1,855 shares of Northern Trust stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $88.12, for a total transaction of $163,462.60. Following the completion of the transaction, the director now owns 1,000 shares in the company, valued at approximately $88,120. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Northern Trust news, Director Charles A. Tribbett sold 1,855 shares of Northern Trust stock in a transaction on Friday, September 13th. The shares were sold at an average price of $88.12, for a total transaction of $163,462.60. Following the completion of the transaction, the director now directly owns 1,000 shares of the company's stock, valued at $88,120. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Mark C. Gossett sold 6,000 shares of the company's stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $88.90, for a total transaction of $533,400.00. Following the completion of the transaction, the executive vice president now owns 28,707 shares in the company, valued at approximately $2,552,052.30. This 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 quarter. 0.64% of the stock is currently owned by insiders.

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.