Northern Trust Co. (NASDAQ:NTRS) Shares Sold by West Oak Capital LLC

West Oak Capital LLC lessened its holdings in shares of Northern Trust Co. (NASDAQ:NTRS) by 0.9% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 16,370 shares of the asset manager’s stock after selling 150 shares during the quarter. West Oak Capital LLC’s holdings in Northern Trust were worth $1,474,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Claro Advisors LLC grew its position in shares of Northern Trust by 288.2% in the 3rd quarter. Claro Advisors LLC now owns 35,486 shares of the asset manager’s stock worth $3,195,000 after acquiring an additional 26,345 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of Northern Trust by 1.7% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 20,789 shares of the asset manager’s stock worth $1,872,000 after purchasing an additional 340 shares in the last quarter. nVerses Capital LLC acquired a new position in Northern Trust during the 3rd quarter valued at about $477,000. Vontobel Holding Ltd. raised its holdings in Northern Trust by 3.2% during the third quarter. Vontobel Holding Ltd. now owns 6,218 shares of the asset manager’s stock worth $560,000 after purchasing an additional 195 shares in the last quarter. Finally, Creative Planning lifted its holdings in shares of Northern Trust by 4.1% in the third quarter. Creative Planning now owns 24,582 shares of the asset manager’s stock valued at $2,213,000 after buying an additional 968 shares during the period. Hedge funds and other institutional investors own 83.19% of the company’s stock.

Insider Activity

In related news, EVP Teresa Parker sold 5,883 shares of Northern Trust stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $84.06, for a total transaction of $494,524.98. Following the completion of the transaction, the executive vice president now directly owns 83,765 shares of the company’s stock, valued at $7,041,285.90. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Northern Trust news, EVP Teresa Parker sold 5,883 shares of Northern Trust stock in a transaction on Friday, August 9th. The stock was sold at an average price of $84.06, for a total value of $494,524.98. Following the completion of the transaction, the executive vice president now owns 83,765 shares in the company, valued at approximately $7,041,285.90. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Mark C. Gossett sold 6,000 shares of the stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $88.90, for a total value of $533,400.00. Following the sale, the executive vice president now owns 28,707 shares in the company, valued at $2,552,052.30. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 13,738 shares of company stock worth $1,191,388. Corporate insiders own 0.64% of the company’s stock.

Northern Trust Stock Performance

NASDAQ NTRS opened at $96.40 on Friday. The stock has a market cap of $19.72 billion, a P/E ratio of 21.28, a PEG ratio of 1.44 and a beta of 1.08. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.58. Northern Trust Co. has a twelve month low of $62.44 and a twelve month high of $97.08. The company’s 50-day simple moving average is $89.65 and its 200 day simple moving average is $86.31.

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

Wall Street Analysts Forecast Growth

Several research firms have issued reports on NTRS. UBS Group boosted their price objective on Northern Trust from $86.00 to $92.00 and gave the stock a “neutral” rating in a report on Tuesday, October 8th. Morgan Stanley boosted their price target on Northern Trust from $93.00 to $97.00 and gave the company an “underweight” rating in a research note on Monday, September 30th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Northern Trust from $84.00 to $94.00 and gave the company a “hold” rating in a report on Monday, September 23rd. Keefe, Bruyette & Woods decreased their price target on Northern Trust from $92.00 to $85.00 and set a “market perform” rating for the company in a research note on Thursday, June 27th. Finally, Royal Bank of Canada upped their price objective on shares of Northern Trust from $86.00 to $90.00 and gave the stock an “outperform” rating in a report on Thursday, July 18th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $90.42.

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.