Baader Bank Aktiengesellschaft Buys Shares of 2,925 Northern Trust Corporation $NTRS

Baader Bank Aktiengesellschaft bought a new position in Northern Trust Corporation (NASDAQ:NTRS) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 2,925 shares of the asset manager’s stock, valued at approximately $408,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Empowered Funds LLC raised its position in shares of Northern Trust by 13.3% during the first quarter. Empowered Funds LLC now owns 20,112 shares of the asset manager’s stock worth $1,984,000 after purchasing an additional 2,363 shares during the period. Woodline Partners LP raised its holdings in Northern Trust by 39.1% during the 1st quarter. Woodline Partners LP now owns 16,557 shares of the asset manager’s stock worth $1,633,000 after buying an additional 4,653 shares during the period. EverSource Wealth Advisors LLC lifted its stake in Northern Trust by 79.0% in the second quarter. EverSource Wealth Advisors LLC now owns 1,350 shares of the asset manager’s stock valued at $171,000 after buying an additional 596 shares in the last quarter. WINTON GROUP Ltd bought a new position in Northern Trust in the second quarter valued at approximately $267,000. Finally, Daiwa Securities Group Inc. increased its position in shares of Northern Trust by 4.6% during the second quarter. Daiwa Securities Group Inc. now owns 29,290 shares of the asset manager’s stock worth $3,714,000 after acquiring an additional 1,275 shares in the last quarter. Institutional investors and hedge funds own 83.19% of the company’s stock.

Northern Trust Trading Up 1.2%

Northern Trust stock opened at $185.06 on Wednesday. The company has a market cap of $34.25 billion, a price-to-earnings ratio of 19.38, a P/E/G ratio of 1.17 and a beta of 1.25. The firm has a 50-day moving average of $173.88 and a 200-day moving average of $157.15. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.62 and a quick ratio of 0.62. Northern Trust Corporation has a one year low of $118.99 and a one year high of $191.60.

Northern Trust (NASDAQ:NTRS) last released its earnings results on Tuesday, April 21st. The asset manager reported $2.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.37 by $0.34. Northern Trust had a return on equity of 15.94% and a net margin of 12.84%.The business had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter in the previous year, the business earned $1.90 earnings per share. Northern Trust’s quarterly revenue was up 13.8% on a year-over-year basis. On average, equities analysts expect that Northern Trust Corporation will post 11.29 earnings per share for the current fiscal year.

Insider Buying and Selling at Northern Trust

In related news, Director Robert Edward Jr. Moritz acquired 225 shares of the company’s stock in a transaction dated Friday, May 1st. The shares were bought at an average price of $166.41 per share, for a total transaction of $37,442.25. Following the purchase, the director directly owned 8,145 shares in the company, valued at approximately $1,355,409.45. This trade represents a 2.84% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Clive Bellows sold 2,800 shares of the stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $165.02, for a total value of $462,056.00. Following the completion of the sale, the insider directly owned 28,217 shares of the company’s stock, valued at approximately $4,656,369.34. The trade was a 9.03% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 22,800 shares of company stock worth $3,785,251 over the last ninety days. 0.66% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

NTRS has been the topic of a number of research analyst reports. Zacks Research upgraded shares of Northern Trust from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. Weiss Ratings upgraded Northern Trust from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. UBS Group set a $186.00 price target on Northern Trust in a research note on Friday, June 26th. Keefe, Bruyette & Woods upped their price objective on Northern Trust from $157.00 to $175.00 and gave the stock an “underperform” rating in a research report on Thursday, July 9th. Finally, The Goldman Sachs Group increased their price objective on Northern Trust from $151.00 to $169.00 and gave the stock a “neutral” rating in a report on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $178.75.

Northern Trust Profile

Northern Trust Corporation (NASDAQ: NTRS) is a global financial services firm headquartered in Chicago that provides asset servicing, asset management and wealth management solutions to institutions, corporations and high-net-worth individuals. The company’s core businesses include custody and fund administration, investment operations outsourcing, trust and fiduciary services, private banking, and retirement and defined contribution plan services.

Northern Trust’s product and service offerings span custody and fund accounting, portfolio and performance analytics, securities lending, cash management and foreign exchange, as well as discretionary and non-discretionary investment management.