Northern Trust Corp (NASDAQ:NTRS) Q3 2017 Institutional Investor Sentiment Steady

January 13, 2018 - By Max Morgan

 Northern Trust Corp (NASDAQ:NTRS)  Q3 2017 Institutional Investor Sentiment Steady

Sentiment for Northern Trust Corp (NASDAQ:NTRS)

Northern Trust Corp (NASDAQ:NTRS) institutional sentiment decreased to 0.97 in Q3 2017. Its down -0.20, from 1.17 in 2017Q2. The ratio fall, as 219 institutional investors started new and increased positions, while 226 cut down and sold their positions in Northern Trust Corp. The institutional investors in our partner’s database now hold: 183.65 million shares, down from 185.90 million shares in 2017Q2. Also, the number of institutional investors holding Northern Trust Corp in their top 10 positions decreased from 8 to 3 for a decrease of 5. Sold All: 43 Reduced: 183 Increased: 154 New Position: 65.

Northern Trust Corporation, a financial holding company, provides asset servicing, fund administration, asset management, fiduciary, and banking solutions for firms, institutions, families, and individuals worldwide. The company has market cap of $24.39 billion. It operates through two divisions, Corporate & Institutional Services and Wealth Management. It has a 23.72 P/E ratio. The C&IS segment offers asset servicing and related services, including global custody, fund administration, investment activities 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.

The stock increased 1.24% or $1.31 during the last trading session, reaching $107.26. About 1.11M shares traded or 5.20% up from the average. Northern Trust Corporation (NASDAQ:NTRS) has risen 22.45% since January 13, 2017 and is uptrending. It has outperformed by 5.75% the S&P500.

Analysts await Northern Trust Corporation (NASDAQ:NTRS) to report earnings on January, 17. They expect $1.29 earnings per share, up 16.22 % or $0.18 from last year’s $1.11 per share. NTRS’s profit will be $293.37M for 20.79 P/E if the $1.29 EPS becomes a reality. After $1.20 actual earnings per share reported by Northern Trust Corporation for the previous quarter, Wall Street now forecasts 7.50 % EPS growth.

Nuance Investments Llc holds 4.3% of its portfolio in Northern Trust Corporation for 674,933 shares. Bush Odonnell Investment Advisors Inc owns 59,392 shares or 4.16% of their US portfolio. Moreover, Wilkins Investment Counsel Inc has 3.55% invested in the company for 127,055 shares. The Minnesota-based Speece Thorson Capital Group Inc has invested 2.99% in the stock. Fairview Capital Investment Management Llc, a California-based fund reported 462,304 shares.#img1#

Since January 1, 0001, it had 0 buys, and 13 selling transactions for $32.91 million activity.

Northern Trust Corporation (NASDAQ:NTRS) Ratings Coverage

Ratings analysis reveals 38% of Northern Trust Corporation’s analysts are positive. Out of 16 Wall Street analysts rating Northern Trust Corporation, 6 give it “Buy”, 1 “Sell” rating, while 9 recommend “Hold”. The lowest target is $62 while the high is $119.0. The stock’s average target of $99.75 is -7.00% below today’s ($107.26) share price. NTRS was included in 61 notes of analysts from August 6, 2015. Bank of America maintained it with “Buy” rating and $97 target in Thursday, July 20 report. Citigroup maintained it with “Neutral” rating and $74 target in Wednesday, September 2 report. Barclays Capital maintained Northern Trust Corporation (NASDAQ:NTRS) rating on Tuesday, January 2. Barclays Capital has “Hold” rating and $114.0 target. RBC Capital Markets maintained Northern Trust Corporation (NASDAQ:NTRS) on Tuesday, September 26 with “Buy” rating. The firm has “Underweight” rating given on Thursday, July 20 by Morgan Stanley. The firm has “Hold” rating given on Wednesday, December 20 by Wells Fargo. On Thursday, March 17 the stock rating was maintained by Deutsche Bank with “Hold”. The stock has “Hold” rating by Jefferies on Monday, July 11. Bank of America maintained Northern Trust Corporation (NASDAQ:NTRS) rating on Thursday, October 19. Bank of America has “Buy” rating and $102 target. The firm earned “Buy” rating on Friday, May 26 by Bank of America.

More important recent Northern Trust Corporation (NASDAQ:NTRS) news were published by: Businesswire.com which released: “Northern Trust Corporation to Webcast Fourth Quarter 2017 Earnings Conference Call” on December 20, 2017, also Nasdaq.com published article titled: “Northern Trust to Acquire Citadel’s Technology Platform”, Businesswire.com published: “Northern Trust to Acquire Technology and Software Development Resources from …” on January 11, 2018. More interesting news about Northern Trust Corporation (NASDAQ:NTRS) was released by: Businesswire.com and their article: “Northern Trust Raises Prime Rate” with publication date: December 14, 2017.

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