Koshinski Asset Management Inc. Lowers Stock Holdings in Northern Trust Co. (NASDAQ:NTRS)

Koshinski Asset Management Inc. trimmed its position in Northern Trust Co. (NASDAQ:NTRS) by 5.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 6,107 shares of the asset manager’s stock after selling 381 shares during the period. Koshinski Asset Management Inc.’s holdings in Northern Trust were worth $626,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Allworth Financial LP lifted its holdings in shares of Northern Trust by 9.1% in the third quarter. Allworth Financial LP now owns 1,170 shares of the asset manager’s stock worth $105,000 after buying an additional 98 shares in the last quarter. Pallas Capital Advisors LLC lifted its holdings in shares of Northern Trust by 1.8% in the fourth quarter. Pallas Capital Advisors LLC now owns 6,091 shares of the asset manager’s stock worth $624,000 after buying an additional 107 shares in the last quarter. Massmutual Trust Co. FSB ADV lifted its holdings in shares of Northern Trust by 14.5% in the third quarter. Massmutual Trust Co. FSB ADV now owns 922 shares of the asset manager’s stock worth $83,000 after buying an additional 117 shares in the last quarter. Mesirow Financial Investment Management Inc. lifted its holdings in shares of Northern Trust by 0.4% in the third quarter. Mesirow Financial Investment Management Inc. now owns 35,673 shares of the asset manager’s stock worth $3,212,000 after buying an additional 127 shares in the last quarter. Finally, Brooklyn Investment Group lifted its holdings in shares of Northern Trust by 51.2% in the fourth quarter. Brooklyn Investment Group now owns 378 shares of the asset manager’s stock worth $39,000 after buying an additional 128 shares in the last quarter. 83.19% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NTRS has been the topic of a number of recent analyst reports. Wells Fargo & Company increased their price target on shares of Northern Trust from $108.00 to $110.00 and gave the stock an “equal weight” rating in a report on Friday, November 15th. Royal Bank of Canada lifted their price target on shares of Northern Trust from $100.00 to $107.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Evercore ISI lifted their price target on shares of Northern Trust from $86.00 to $103.00 and gave the stock an “in-line” rating in a research note on Thursday, October 24th. Bank of America lifted their price target on shares of Northern Trust from $103.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Finally, UBS Group lifted their price target on shares of Northern Trust from $86.00 to $92.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 8th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $107.17.

Insider Transactions at Northern Trust

In related news, COO Peter Cherecwich sold 16,153 shares of Northern Trust stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $105.18, for a total value of $1,698,972.54. Following the sale, the chief operating officer now owns 4,397 shares in the company, valued at $462,476.46. The trade was a 78.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Vice Chairman Steven L. Fradkin sold 27,874 shares of Northern Trust stock in a transaction on Friday, October 25th. The shares were sold at an average price of $100.50, for a total transaction of $2,801,337.00. Following the completion of the sale, the insider now owns 46,078 shares in the company, valued at approximately $4,630,839. This trade represents a 37.69 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 82,151 shares of company stock worth $8,489,889. Insiders own 0.64% of the company’s stock.

Northern Trust Stock Down 0.3 %

Shares of Northern Trust stock opened at $107.39 on Thursday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.71 and a current ratio of 0.71. Northern Trust Co. has a 52-week low of $76.67 and a 52-week high of $111.87. The stock has a market capitalization of $21.29 billion, a price-to-earnings ratio of 13.36, a P/E/G ratio of 1.22 and a beta of 1.08. The company’s 50 day moving average price is $105.74 and its 200-day moving average price is $96.23.

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.