Northern Trust Corp (NTRS) Shareholder Cortland Advisers LLC Increased Stake

May 3, 2018 - By Alice Reed

Northern Trust Corporation (NASDAQ:NTRS) Corporate LogoBig Money Sentiment increased to 1.03 in 2017 Q4. It has change of 0.06, from 2017Q3’s 0.97. The ratio is positive due to NTRS positioning: 27 sold and 191 reduced. 59 funds bought positions and 165 increased positions. Investors holded 183.65 million in 2017Q3 but now own 175.58 million shares or 4.39% less. Acadian Asset Mngmt Ltd Liability accumulated 170,612 shs. Ameritas Invest Ptnrs holds 0.02% or 5,249 shs. Palisade Cap Management Ltd Llc Nj, New Jersey-based fund reported 14,000 shs. First In invested in 1,700 shs. 32,774 are owned by Metropolitan Life Ins Co Ny. Moreover, Pinebridge Invs Ltd Partnership has 0.11% invested in Northern Trust Corporation (NASDAQ:NTRS) for 43,955 shs. Virtus Invest Advisers stated it has 41,938 shs or 0.12% of all its holdings. Jpmorgan Chase & Com reported 0.18% of its capital in Northern Trust Corporation (NASDAQ:NTRS). Smithfield accumulated 210 shs. Transamerica Inc reported 0% in Northern Trust Corporation (NASDAQ:NTRS). Strategy Asset Managers Llc reported 25,452 shs stake. Chicago Equity Ltd Co invested in 0.02% or 6,350 shs. Nordea holds 0% of its capital in Northern Trust Corporation (NASDAQ:NTRS) for 8,204 shs. The Illinois-based Rmb Capital Ltd Liability Company has invested 0.15% in Northern Trust Corporation (NASDAQ:NTRS). Loring Wolcott And Coolidge Fiduciary Ltd Liability Partnership Ma holds 11,367 shs or 0.02% of its capital.

NTRS had 16 insider sales and 0 insider buys since January 26, 2018. This’s net activity of $21.55 million. The insider Cohodes Jeffrey D. sold $3.26M. 3,000 shs valued at $315,960 were sold by Blake Aileen B on Friday, January 26. Shares for $392,172 were sold by Schreuder Jana R on Thursday, March 1. $951,063 worth of stock was sold by Leech Wilson on Tuesday, January 30. Shares for $1.76M were sold by Pembleton Susan Gillian on Monday, February 26. On Wednesday, January 31 7,103 shs were sold by Potter Stephen N, worth $749,722.

Cortland Advisers Llc upped its stake by 48.97% in Northern Trust Corp (NTRS), according to 2017Q4 Securities and Exchange form. 143,369 shares were bought by Cortland Advisers Llc as the company’s stock rose 2.63% while stock markets declined. The major banks company reported $43.56 million value for the 2017Q4. Now the institutional investor is holding 436,122 shares, compared to the 292,753 from the previous quarter. $23.53B is the market cap of Northern Trust Corp. Ticker’s shares touched $104.56 during the last trading session after 1.27% change.Currently Northern Trust Corporation is uptrending after 19.41% change in last May 3, 2017. NTRS has also 955,779 shares volume. NTRS outperformed by 7.86% the S&P500.

Cortland Advisers Llc reduced its stake in Cme Group Inc/Il (NASDAQ:CME) by 33,084 shares to 412,888 shares, valued at $60.30 million in 2017Q4, according to the filing. It manages about $2.18 billion US Long portfolio. For a total of 2.93M shares it reduced its holding in Bank Of New York Mellon Corp/The (NYSE:BK) by 234,655 shares in the quarter, and has cut its stake in Zions Bancorporation (NASDAQ:ZION).

Northern Trust Corporation (NASDAQ:NTRS) Ratings Coverage

In total 12 analysts cover Northern Trust (NASDAQ:NTRS). “Buy” rating has 5, “Sell” are 1, while 6 are “Hold”. 42% are bullish. With $12200 highest and $100 lowest price target Northern Trust has $113.08 average price target or 8.15% above the current ($104.56) price. 21 are the (NASDAQ:NTRS)’s analyst reports since December 12, 2017 according to StockzIntelligence Inc. On Monday, April 9 the company was maintained by Sandler O’Neill. On Thursday, January 25 Credit Suisse maintained the shares of NTRS in report with “Neutral” rating. On Friday, April 6 Deutsche Bank maintained Northern Trust Corporation (NASDAQ:NTRS) rating. Deutsche Bank has “Hold” rating and $111 target. On Monday, April 2 Goldman Sachs upgraded Northern Trust Corporation (NASDAQ:NTRS) rating. Goldman Sachs has “Buy” rating and $121 target. On Tuesday, April 17 the rating was maintained by Keefe Bruyette & Woods with “Hold”. On Friday, February 2 Morgan Stanley maintained the shares of NTRS in report with “Underweight” rating. On Thursday, April 5 the rating was maintained by Jefferies with “Buy”. The company rating was maintained by Wells Fargo on Wednesday, December 20. On Tuesday, January 2 the firm has “Hold” rating given by Barclays Capital. On Tuesday, January 9 Jefferies maintained the shares of NTRS in report with “Buy” rating.

Northern Trust Corporation (NASDAQ:NTRS) Institutional Investors Chart

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