Quantessence Capital LLC Invests $319,000 in Northern Trust Co. (NASDAQ:NTRS)

Quantessence Capital LLC purchased a new stake in shares of Northern Trust Co. (NASDAQ:NTRS - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 3,117 shares of the asset manager's stock, valued at approximately $319,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Juncture Wealth Strategies LLC lifted its stake in Northern Trust by 2.4% in the fourth quarter. Juncture Wealth Strategies LLC now owns 4,212 shares of the asset manager's stock worth $432,000 after acquiring an additional 100 shares during the period. Ballentine Partners LLC raised its stake in Northern Trust by 4.4% in the fourth quarter. Ballentine Partners LLC now owns 2,483 shares of the asset manager's stock worth $255,000 after buying an additional 105 shares in the last quarter. Pallas Capital Advisors LLC lifted its holdings in Northern Trust by 1.8% in the fourth quarter. Pallas Capital Advisors LLC now owns 6,091 shares of the asset manager's stock worth $624,000 after buying an additional 107 shares during the period. Bradley Foster & Sargent Inc. CT boosted its position in Northern Trust by 2.4% during the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 4,774 shares of the asset manager's stock valued at $489,000 after acquiring an additional 114 shares in the last quarter. Finally, Brooklyn Investment Group grew its holdings in shares of Northern Trust by 51.2% during the 4th quarter. Brooklyn Investment Group now owns 378 shares of the asset manager's stock worth $39,000 after acquiring an additional 128 shares during the period. Institutional investors own 83.19% of the company's stock.

Insider Transactions at Northern Trust

In related news, EVP Thomas A. South sold 3,804 shares of Northern Trust stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $113.00, for a total value of $429,852.00. Following the completion of the sale, the executive vice president now owns 81,794 shares of the company's stock, valued at $9,242,722. The trade was a 4.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Jane Karpinski sold 2,262 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $111.33, for a total value of $251,828.46. Following the completion of the transaction, the executive vice president now directly owns 17,236 shares in the company, valued at approximately $1,918,883.88. This represents a 11.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 35,335 shares of company stock worth $3,970,211 over the last three months. 0.77% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on NTRS shares. Bank of America dropped their price target on Northern Trust from $123.00 to $121.00 and set a "buy" rating on the stock in a research report on Wednesday, April 2nd. Wells Fargo & Company reduced their target price on shares of Northern Trust from $119.00 to $118.00 and set an "equal weight" rating on the stock in a research report on Friday, March 28th. StockNews.com cut shares of Northern Trust from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Truist Financial cut their price objective on shares of Northern Trust from $116.00 to $98.00 and set a "hold" rating on the stock in a report on Friday, April 4th. Finally, Citigroup lowered their target price on shares of Northern Trust from $110.00 to $105.00 and set a "neutral" rating for the company in a report on Monday, March 24th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $113.08.

Northern Trust Stock Performance

Shares of NTRS opened at $89.36 on Wednesday. Northern Trust Co. has a 12 month low of $79.68 and a 12 month high of $114.67. The business's fifty day simple moving average is $99.01 and its two-hundred day simple moving average is $102.79. The company has a current ratio of 0.68, a quick ratio of 0.71 and a debt-to-equity ratio of 0.58. The company has a market cap of $17.49 billion, a price-to-earnings ratio of 9.14, a P/E/G ratio of 1.72 and a beta of 1.10.

Northern Trust (NASDAQ:NTRS - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The asset manager reported $1.90 EPS for the quarter, topping the consensus estimate of $1.85 by $0.05. The company had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.95 billion. Northern Trust had a return on equity of 13.74% and a net margin of 12.77%. Research analysts anticipate that Northern Trust Co. will post 8.27 earnings per share for the current fiscal year.

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.

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