November 29, 2016 - By Winifred Garcia
The Executive Vice President of Northern Trust Corp and firm’s insider Wilson Leech sold 21,541 shares of the public company based on the average $77.0 for each share. These shares have a value of nearly $1,658,931 US Dollars. The insider transaction was made on 28/11/2016 and was disclosed in the a report at the Washington-based SEC’s website. At the moment, he has ownership of 27,627 shares or 0.01% of Northern Trust Corp’s market capitalization (total value of the shares outstanding).
Out of 8 analysts covering Northern Trust Corporation (NASDAQ:NTRS), 3 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 38% are positive. $85 is the highest target while $62 is the lowest. The $72.89 average target is -9.98% below today’s ($80.97) stock price. Northern Trust Corporation has been the topic of 30 analyst reports since August 6, 2015 according to StockzIntelligence Inc. UBS upgraded the stock to “Neutral” rating in Friday, October 2 report. Deutsche Bank maintained Northern Trust Corporation (NASDAQ:NTRS) on Friday, January 8 with “Hold” rating. As per Tuesday, October 13, the company rating was upgraded by Raymond James. On Thursday, June 16 the stock rating was maintained by Deutsche Bank with “Hold”. The stock of Northern Trust Corporation (NASDAQ:NTRS) earned “Equal-Weight” rating by Barclays Capital on Thursday, October 22. The firm has “Hold” rating by Deutsche Bank given on Monday, July 18. The stock of Northern Trust Corporation (NASDAQ:NTRS) has “Sell” rating given on Wednesday, April 20 by Citigroup. Citigroup maintained the shares of NTRS in a report on Wednesday, September 2 with “Neutral” rating. maintained Northern Trust Corporation (NASDAQ:NTRS) on Monday, October 10 with “Hold” rating. The company was maintained on Wednesday, October 5 by Deutsche Bank.
Insitutional Activity: The institutional sentiment decreased to 1.04 in Q2 2016. Its down 0.01, from 1.05 in 2016Q1. The ratio is negative, as 40 funds sold all Northern Trust Corporation shares owned while 168 reduced positions. 48 funds bought stakes while 170 increased positions. They now own 183.41 million shares or 1.38% less from 185.99 million shares in 2016Q1.
Balasa Dinverno & Foltz Lc last reported 0.06% of its portfolio in the stock. Glenmede Trust Com Na accumulated 400,318 shares or 0.16% of the stock. Millennium Management Limited Liability Com last reported 0.14% of its portfolio in the stock. The Massachusetts-based Btim has invested 0.18% in Northern Trust Corporation (NASDAQ:NTRS). Kbc Group Inc Nv owns 100,023 shares or 0.09% of their US portfolio. Rockefeller Fin Serv holds 0% of its portfolio in Northern Trust Corporation (NASDAQ:NTRS) for 2,750 shares. Parametric Limited Liability Co holds 303,396 shares or 0.03% of its portfolio. Lazard Asset Ltd Liability Corp has invested 0% of its portfolio in Northern Trust Corporation (NASDAQ:NTRS). Fisher Asset Mngmt Lc accumulated 103,248 shares or 0.01% of the stock. The Virginia-based Kanawha Cap Mngmt Ltd Llc has invested 0.95% in Northern Trust Corporation (NASDAQ:NTRS). Bp Public Ltd Liability holds 0.08% or 30,000 shares in its portfolio. Geneva Ltd last reported 0.01% of its portfolio in the stock. Johnson Group Incorporated holds 0.04% of its portfolio in Northern Trust Corporation (NASDAQ:NTRS) for 4,116 shares. Amer Commercial Bank accumulated 350 shares or 0.01% of the stock. The Japan-based Sumitomo Mitsui Asset Mngmt Ltd has invested 0.03% in Northern Trust Corporation (NASDAQ:NTRS).
Insider Transactions: Since August 3, 2016, the stock had 0 insider buys, and 37 selling transactions for $151.44 million net activity. $26.17M worth of Northern Trust Corporation (NASDAQ:NTRS) was sold by FRADKIN STEVEN L. $3.22 million worth of shares were sold by St Clair Joyce on Wednesday, August 3. Another trade for 10,000 shares valued at $690,000 was made by Cohodes Jeffrey D. on Tuesday, August 23. $545,454 worth of Northern Trust Corporation (NASDAQ:NTRS) shares were sold by Bowman Biff. 2,013 shares with value of $134,589 were sold by Pembleton Susan Gillian on Thursday, August 4. Schreuder Jana R sold 3,319 shares worth $242,320. BROWNE ROBERT P sold $398,632 worth of stock or 5,883 shares.
About 1.33M shares traded hands. Northern Trust Corporation (NASDAQ:NTRS) has risen 14.62% since April 25, 2016 and is uptrending. It has outperformed by 8.61% the S&P500.
Northern Trust Corporation is a financial holding company. The company has a market cap of $18.28 billion. The Firm provides asset servicing, fund administration, asset management, fiduciary and banking solutions for firms, institutions, families and individuals around the world. It has a 19.16 P/E ratio. The Company’s divisions include Corporate & Institutional Services , Wealth Management, and Treasury and Other.
According to Zacks Investment Research, “Northern Trust Corp. is a multi-bank holding company with worldwide locations and is a provider of treasury management, master trust, custody, retirement, risk and performance, international and investment management services for corporations, large institutions and individuals. Northern Trust has earned distinction as a leading provider of personal fiduciary, asset management, personal and private banking, and master trust/custody, global custody and treasury management services.”
Analysts await Northern Trust Corporation (NASDAQ:NTRS) to report earnings on January, 18. They expect $1.13 earnings per share, up 14.14% or $0.14 from last year’s $0.99 per share. NTRS’s profit will be $255.11M for 17.91 P/E if the $1.13 EPS becomes a reality. After $1.08 actual earnings per share reported by Northern Trust Corporation for the previous quarter, Wall Street now forecasts 4.63% EPS growth.
More notable recent Northern Trust Corporation (NASDAQ:NTRS) news were published by: Forbes.com which released: “Ex-Dividend Reminder: Arthur J. Gallagher, Navient and Northern Trust” on November 28, 2016, also Nasdaq.com with their article: “Northern Trust Corp (NTRS) Chairman, President and CEO Frederick H Waddell ..” published on November 17, 2016, Streetinsider.com published: “Form 4 NORTHERN TRUST CORP For: Nov 04 Filed by: Leech Wilson” on November 28, 2016. More interesting news about Northern Trust Corporation (NASDAQ:NTRS) were released by: Forbes.com and their article: “Northern Trust Reaches Analyst Target Price” published on November 08, 2016 as well as Businesswire.com‘s news article titled: “Northern Trust Names Michael G. O’Grady President” with publication date: November 15, 2016.
Northern Trust Corporation, incorporated on August 23, 1971, is a financial holding company. The Firm provides asset servicing, fund administration, asset management, fiduciary and banking solutions for firms, institutions, families and individuals around the world. The Company’s divisions include Corporate & Institutional Services (C&IS), Wealth Management, and Treasury and Other. The Firm conducts its business through various the United States and non-United States subsidiaries, including The Northern Trust Company (Bank). Asset Management, through the Company’s subsidiaries, supports the C&IS and Wealth Management divisions by providing a range of asset management and related services, and other products to clients around the world.
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