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

Baader Bank Aktiengesellschaft acquired a new stake in Northern Trust Corporation (NASDAQ:NTRS) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 2,925 shares of the asset manager’s stock, valued at approximately $408,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NTRS. V Square Quantitative Management LLC grew its stake in shares of Northern Trust by 1.3% in the 1st quarter. V Square Quantitative Management LLC now owns 4,793 shares of the asset manager’s stock valued at $669,000 after purchasing an additional 61 shares during the period. CWS Financial Advisors LLC lifted its position in shares of Northern Trust by 2.0% during the 1st quarter. CWS Financial Advisors LLC now owns 3,997 shares of the asset manager’s stock worth $558,000 after buying an additional 77 shares during the period. SJS Investment Consulting Inc. boosted its stake in Northern Trust by 16.5% in the 1st quarter. SJS Investment Consulting Inc. now owns 559 shares of the asset manager’s stock valued at $78,000 after buying an additional 79 shares in the last quarter. Apollon Wealth Management LLC boosted its stake in Northern Trust by 1.9% in the 4th quarter. Apollon Wealth Management LLC now owns 4,379 shares of the asset manager’s stock valued at $598,000 after buying an additional 81 shares in the last quarter. Finally, OLD National Bancorp IN grew its position in Northern Trust by 3.2% in the first quarter. OLD National Bancorp IN now owns 2,663 shares of the asset manager’s stock valued at $372,000 after acquiring an additional 83 shares during the period. 83.19% of the stock is owned by institutional investors.

Insider Activity

In related news, CFO David W. Fox, Jr. sold 19,987 shares of the business’s stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $166.16, for a total transaction of $3,321,039.92. Following the completion of the sale, the chief financial officer directly owned 18,588 shares of the company’s stock, valued at $3,088,582.08. The trade was a 51.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at 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 transaction of $462,056.00. Following the completion of the transaction, the insider owned 28,217 shares in the company, valued at $4,656,369.34. This represents a 9.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 22,800 shares of company stock valued at $3,785,251. 0.66% of the stock is currently owned by insiders.

Northern Trust Stock Up 1.2%

Shares of NTRS opened at $185.06 on Wednesday. The business’s fifty day moving average price is $173.88 and its two-hundred day moving average price is $157.15. The firm has a market capitalization of $34.25 billion, a price-to-earnings ratio of 19.38, a PEG ratio of 1.17 and a beta of 1.25. Northern Trust Corporation has a 52 week low of $118.99 and a 52 week high of $191.60. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.62 and a current ratio of 0.62.

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

Wall Street Analyst Weigh In

A number of research analysts have issued reports on NTRS shares. Citigroup lifted their price objective on Northern Trust from $162.00 to $172.00 and gave the company a “neutral” rating in a report on Tuesday, June 30th. Morgan Stanley upped their target price on shares of Northern Trust from $157.00 to $170.00 and gave the stock an “underweight” rating in a report on Monday, June 29th. UBS Group set a $186.00 target price on shares of Northern Trust in a research report on Friday, June 26th. BMO Capital Markets raised shares of Northern Trust from a “market perform” rating to an “outperform” rating and set a $168.00 price target for the company in a report on Monday, April 6th. Finally, Zacks Research raised shares of Northern Trust from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Northern Trust has a consensus rating of “Hold” and a consensus 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.