Aaron Wealth Advisors LLC Acquires Shares of 2,294 Northern Trust Co. (NASDAQ:NTRS)

Aaron Wealth Advisors LLC bought a new position in shares of Northern Trust Co. (NASDAQ:NTRS) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 2,294 shares of the asset manager’s stock, valued at approximately $235,000.

A number of other large investors also recently modified their holdings of the company. JPMorgan Chase & Co. raised its holdings in Northern Trust by 9.9% during the third quarter. JPMorgan Chase & Co. now owns 4,296,442 shares of the asset manager’s stock worth $386,809,000 after buying an additional 388,692 shares during the last quarter. Kovitz Investment Group Partners LLC raised its holdings in shares of Northern Trust by 68.1% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 13,765 shares of the asset manager’s stock worth $1,239,000 after acquiring an additional 5,578 shares during the last quarter. Agate Pass Investment Management LLC bought a new position in Northern Trust in the 4th quarter valued at about $538,000. Martingale Asset Management L P increased its holdings in Northern Trust by 8.4% during the 3rd quarter. Martingale Asset Management L P now owns 59,118 shares of the asset manager’s stock worth $5,322,000 after purchasing an additional 4,564 shares in the last quarter. Finally, Verition Fund Management LLC raised its stake in shares of Northern Trust by 327.1% in the third quarter. Verition Fund Management LLC now owns 28,510 shares of the asset manager’s stock worth $2,567,000 after purchasing an additional 21,835 shares during the last quarter. 83.19% of the stock is currently owned by institutional investors.

Insider Transactions at Northern Trust

In other news, Vice Chairman Steven L. Fradkin sold 9,100 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $111.00, for a total value of $1,010,100.00. Following the completion of the transaction, the insider now directly owns 47,797 shares in the company, valued at approximately $5,305,467. This trade represents a 15.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Thomas A. South sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $105.80, for a total transaction of $529,000.00. Following the sale, the executive vice president now directly owns 49,756 shares in the company, valued at $5,264,184.80. This trade represents a 9.13 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 82,151 shares of company stock valued at $8,489,889 over the last three months. Company insiders own 0.64% of the company’s stock.

Northern Trust Stock Up 0.8 %

NTRS opened at $107.75 on Wednesday. The company has a market cap of $21.36 billion, a PE ratio of 13.40, a price-to-earnings-growth ratio of 1.22 and a beta of 1.08. The company has a 50 day moving average of $105.73 and a 200 day moving average of $96.05. Northern Trust Co. has a 12 month low of $76.67 and a 12 month high of $111.87. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.58.

Analysts Set New Price Targets

Several brokerages recently issued reports on NTRS. Bank of America upped their price target on Northern Trust from $103.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Wells Fargo & Company increased their target price on shares of Northern Trust from $108.00 to $110.00 and gave the company an “equal weight” rating in a report on Friday, November 15th. StockNews.com cut shares of Northern Trust from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th. Truist Financial started coverage on shares of Northern Trust in a research report on Tuesday, January 7th. They set a “hold” rating and a $110.00 target price on the stock. Finally, UBS Group upped their target price on Northern Trust from $86.00 to $92.00 and gave the company a “neutral” rating in a report on Tuesday, October 8th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Northern Trust currently has a consensus rating of “Hold” and an average target price of $107.17.

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.