Securian Asset Management Inc. Buys 145 Shares of Northern Trust Co. (NASDAQ:NTRS)

Posted by Defense World Staff on Apr 25th, 2023

Securian Asset Management Inc. grew its stake in Northern Trust Co. (NASDAQ:NTRS – Get Rating) by 0.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,067 shares of the asset manager’s stock after purchasing an additional 145 shares during the quarter. Securian Asset Management Inc.’s holdings in Northern Trust were worth $1,510,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Mutual of America Capital Management LLC increased its position in Northern Trust by 1.6% during the third quarter. Mutual of America Capital Management LLC now owns 28,852 shares of the asset manager’s stock worth $2,469,000 after acquiring an additional 441 shares during the period. Forsta AP Fonden grew its stake in Northern Trust by 22.6% during the fourth quarter. Forsta AP Fonden now owns 60,200 shares of the asset manager’s stock worth $5,327,000 after buying an additional 11,100 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Northern Trust by 3.3% during the third quarter. Dimensional Fund Advisors LP now owns 1,289,883 shares of the asset manager’s stock worth $110,376,000 after buying an additional 41,016 shares in the last quarter. Victory Capital Management Inc. grew its stake in Northern Trust by 39.8% during the third quarter. Victory Capital Management Inc. now owns 1,150,304 shares of the asset manager’s stock worth $98,420,000 after buying an additional 327,265 shares in the last quarter. Finally, Ballast Inc. grew its stake in Northern Trust by 7.6% during the fourth quarter. Ballast Inc. now owns 8,902 shares of the asset manager’s stock worth $788,000 after buying an additional 630 shares in the last quarter. 81.44% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on NTRS. UBS Group reduced their price objective on shares of Northern Trust from $108.00 to $105.00 and set a “buy” rating on the stock in a research note on Tuesday, April 4th. Royal Bank of Canada reduced their price objective on shares of Northern Trust from $95.00 to $87.00 in a research note on Friday, March 24th. Barclays reduced their price target on shares of Northern Trust from $118.00 to $113.00 in a research note on Wednesday, April 12th. JPMorgan Chase & Co. upgraded shares of Northern Trust from an “underweight” rating to a “neutral” rating and reduced their price target for the company from $97.00 to $96.50 in a research note on Monday, April 10th. Finally, Evercore ISI reduced their price target on shares of Northern Trust from $88.00 to $86.00 and set an “in-line” rating on the stock in a research note on Wednesday, April 5th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Northern Trust currently has a consensus rating of “Hold” and a consensus price target of $99.46.

Northern Trust Stock Up 1.0 %

NASDAQ:NTRS opened at $86.13 on Tuesday. The firm’s 50 day simple moving average is $89.31 and its 200 day simple moving average is $89.91. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.69 and a quick ratio of 0.69. Northern Trust Co. has a one year low of $76.15 and a one year high of $113.15. The company has a market cap of $17.89 billion, a PE ratio of 14.03 and a beta of 1.07.

Insider Buying and Selling

In other Northern Trust news, EVP Lauren E. Allnutt sold 559 shares of the firm’s stock in a transaction that occurred on Thursday, March 9th. The shares were sold at an average price of $87.30, for a total transaction of $48,800.70. Following the completion of the transaction, the executive vice president now owns 5,576 shares in the company, valued at approximately $486,784.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Northern Trust news, CFO Jason J. Tyler sold 1,764 shares of the firm’s stock in a transaction that occurred on Monday, February 6th. The shares were sold at an average price of $96.98, for a total transaction of $171,072.72. Following the completion of the transaction, the chief financial officer now owns 30,470 shares in the company, valued at approximately $2,954,980.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Lauren E. Allnutt sold 559 shares of the firm’s stock in a transaction that occurred on Thursday, March 9th. The stock was sold at an average price of $87.30, for a total transaction of $48,800.70. Following the transaction, the executive vice president now owns 5,576 shares of the company’s stock, valued at approximately $486,784.80. The disclosure for this sale can be found here. 0.63% of the stock is owned by corporate insiders.

Northern Trust Company Profile

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Northern Trust Corp. is a financial holding company, which engages in the provision of asset servicing, fund administration, asset management, fiduciary, and banking solutions for corporations, institutions, families, and individuals. It operates through the following segments: Corporate & Institutional Services and Wealth Management.