Prio Wealth Limited Partnership Sells 187 Shares of Northern Trust Co. (NASDAQ:NTRS)

Prio Wealth Limited Partnership lowered its position in Northern Trust Co. (NASDAQ:NTRS) by 1.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 19,044 shares of the asset manager’s stock after selling 187 shares during the quarter. Prio Wealth Limited Partnership’s holdings in Northern Trust were worth $1,715,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in NTRS. Massachusetts Financial Services Co. MA increased its holdings in shares of Northern Trust by 13.0% in the second quarter. Massachusetts Financial Services Co. MA now owns 7,413,620 shares of the asset manager’s stock worth $622,596,000 after purchasing an additional 850,556 shares during the period. Panagora Asset Management Inc. increased its stake in Northern Trust by 4,660.5% in the second quarter. Panagora Asset Management Inc. now owns 399,932 shares of the asset manager’s stock valued at $33,586,000 after acquiring an additional 391,531 shares during the last quarter. Primecap Management Co. CA increased its stake in Northern Trust by 3.9% in the second quarter. Primecap Management Co. CA now owns 7,046,757 shares of the asset manager’s stock valued at $591,787,000 after acquiring an additional 261,285 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Northern Trust by 12.3% in the second quarter. Dimensional Fund Advisors LP now owns 2,003,675 shares of the asset manager’s stock valued at $168,253,000 after acquiring an additional 219,387 shares during the last quarter. Finally, AQR Capital Management LLC increased its stake in Northern Trust by 55.1% in the second quarter. AQR Capital Management LLC now owns 597,146 shares of the asset manager’s stock valued at $49,575,000 after acquiring an additional 212,089 shares during the last quarter. Institutional investors own 83.19% of the company’s stock.

Insider Transactions at Northern Trust

In other news, Director Charles A. Tribbett sold 1,855 shares of the stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $88.12, for a total transaction of $163,462.60. Following the completion of the sale, the director now directly owns 1,000 shares in the company, valued at approximately $88,120. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Director Charles A. Tribbett sold 1,855 shares of the stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $88.12, for a total transaction of $163,462.60. Following the completion of the sale, the director now directly owns 1,000 shares in the company, valued at approximately $88,120. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Mark C. Gossett sold 6,000 shares of the stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $88.90, for a total transaction of $533,400.00. Following the sale, the executive vice president now owns 28,707 shares of the company’s stock, valued at approximately $2,552,052.30. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,738 shares of company stock worth $1,191,388. Company insiders own 0.64% of the company’s stock.

Analyst Upgrades and Downgrades

NTRS has been the topic of a number of research analyst reports. The Goldman Sachs Group cut Northern Trust from a “neutral” rating to a “sell” rating and reduced their target price for the company from $84.00 to $82.00 in a research note on Thursday, September 26th. Deutsche Bank Aktiengesellschaft increased their target price on Northern Trust from $84.00 to $94.00 and gave the company a “hold” rating in a research note on Monday, September 23rd. Keefe, Bruyette & Woods reduced their target price on Northern Trust from $92.00 to $85.00 and set a “market perform” rating on the stock in a research note on Thursday, June 27th. Royal Bank of Canada increased their target price on Northern Trust from $86.00 to $90.00 and gave the company an “outperform” rating in a research note on Thursday, July 18th. Finally, UBS Group upped their price target on shares of Northern Trust from $86.00 to $92.00 and gave the company a “neutral” rating in a research report on Tuesday, October 8th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Northern Trust currently has an average rating of “Hold” and an average price target of $92.18.

Northern Trust Trading Down 0.6 %

Shares of Northern Trust stock traded down $0.62 during trading on Monday, reaching $95.78. 95,297 shares of the stock were exchanged, compared to its average volume of 1,290,664. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.58. The stock’s fifty day moving average is $89.65 and its 200 day moving average is $86.29. The firm has a market cap of $19.60 billion, a price-to-earnings ratio of 21.18, a price-to-earnings-growth ratio of 1.44 and a beta of 1.08. Northern Trust Co. has a 1 year low of $62.44 and a 1 year high of $97.08.

About Northern Trust

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.