Aquila Investment Management LLC Invests $360,000 in Northern Trust Co. (NASDAQ:NTRS)

Aquila Investment Management LLC bought a new stake in Northern Trust Co. (NASDAQ:NTRS) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 4,000 shares of the asset manager’s stock, valued at approximately $360,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA raised its holdings in 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 valued at $622,596,000 after buying an additional 850,556 shares during the period. Primecap Management Co. CA lifted its holdings in shares of Northern Trust by 3.9% during the 2nd 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 in the last quarter. Ariel Investments LLC boosted its position in Northern Trust by 3.6% during the 2nd quarter. Ariel Investments LLC now owns 2,644,205 shares of the asset manager’s stock worth $222,060,000 after purchasing an additional 91,816 shares during the period. Dimensional Fund Advisors LP increased its holdings in Northern Trust by 12.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,003,675 shares of the asset manager’s stock valued at $168,253,000 after purchasing an additional 219,387 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its position in Northern Trust by 2.0% in the second quarter. Thrivent Financial for Lutherans now owns 1,401,680 shares of the asset manager’s stock valued at $117,713,000 after purchasing an additional 26,984 shares during the period. 83.19% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Northern Trust news, Director Charles A. Tribbett sold 1,855 shares of the firm’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $88.12, for a total value of $163,462.60. Following the sale, the director now directly owns 1,000 shares in the company, valued at approximately $88,120. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Northern Trust news, Director Charles A. Tribbett sold 1,855 shares of Northern Trust stock in a transaction on Friday, September 13th. The stock was sold at an average price of $88.12, for a total transaction of $163,462.60. Following the sale, the director now owns 1,000 shares of the company’s stock, valued at $88,120. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 completion of the transaction, the executive vice president now directly owns 28,707 shares of the company’s stock, valued at approximately $2,552,052.30. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,738 shares of company stock worth $1,191,388 in the last three months. 0.64% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Royal Bank of Canada boosted their price target on Northern Trust from $86.00 to $90.00 and gave the stock an “outperform” rating in a research report on Thursday, July 18th. 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. Morgan Stanley upped their price objective on shares of Northern Trust from $93.00 to $97.00 and gave the company an “underweight” rating in a research report on Monday, September 30th. Keefe, Bruyette & Woods dropped their target price on Northern Trust from $92.00 to $85.00 and set a “market perform” rating on the stock in a research report on Thursday, June 27th. Finally, UBS Group lifted 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. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Northern Trust currently has an average rating of “Hold” and an average price target of $92.18.

Northern Trust Stock Up 0.0 %

NASDAQ:NTRS opened at $95.79 on Wednesday. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.58. The stock has a 50 day moving average of $90.15 and a 200-day moving average of $86.42. The firm has a market capitalization of $19.60 billion, a PE ratio of 21.15, a price-to-earnings-growth ratio of 1.44 and a beta of 1.08. Northern Trust Co. has a 52 week low of $62.44 and a 52 week high of $97.08.

Northern Trust 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.