Goldman Sachs Group INC Has Cut Northern Tr Corp (NTRS) Position by $21.55 Million; Share Price Rose

Northern Trust Corporation (NASDAQ:NTRS) LogoInvestors sentiment increased to 1 in 2019 Q2. Its up 0.12, from 0.88 in 2019Q1. It is positive, as 44 investors sold NTRS shares while 171 reduced holdings. 54 funds opened positions while 160 raised stakes. 168.48 million shares or 0.71% more from 167.30 million shares in 2019Q1 were reported. New Mexico Educational Retirement Board stated it has 0.07% in Northern Trust Corporation (NASDAQ:NTRS). Apg Asset Management Nv owns 69,004 shares. Asset Mngmt One Com owns 109,801 shares or 0.05% of their US portfolio. Ameriprise Fincl Incorporated owns 497,635 shares. Cibc Asset holds 0.02% or 36,061 shares in its portfolio. Texas Permanent School Fund invested in 0.06% or 41,979 shares. The Florida-based Raymond James Na has invested 0.03% in Northern Trust Corporation (NASDAQ:NTRS). Webster Savings Bank N A has invested 0% in Northern Trust Corporation (NASDAQ:NTRS). Investec Asset Management Ltd stated it has 301,444 shares. Denali Advsrs Limited Liability Com reported 0.17% of its portfolio in Northern Trust Corporation (NASDAQ:NTRS). Fiduciary Tru holds 0.09% or 37,016 shares. Axa has invested 0.04% in Northern Trust Corporation (NASDAQ:NTRS). Palisade Asset Mngmt Limited Liability Corporation reported 0.1% of its portfolio in Northern Trust Corporation (NASDAQ:NTRS). 34,966 are held by Rafferty Asset Mngmt Llc. Engineers Gate Manager LP invested in 0.12% or 23,400 shares.

Goldman Sachs Group Inc decreased its stake in Northern Tr Corp (NTRS) by 5.59% based on its latest 2019Q2 regulatory filing with the SEC. Goldman Sachs Group Inc sold 242,124 shares as the company’s stock rose 0.45% . The institutional investor held 4.09M shares of the major banks company at the end of 2019Q2, valued at $368.25M, down from 4.33 million at the end of the previous reported quarter. Goldman Sachs Group Inc who had been investing in Northern Tr Corp for a number of months, seems to be less bullish one the $21.26 billion market cap company. The stock increased 1.41% or $1.38 during the last trading session, reaching $98.94. About 1.11M shares traded. Northern Trust Corporation (NASDAQ:NTRS) has declined 10.92% since September 13, 2018 and is downtrending. It has underperformed by 10.92% the S&P500.

Goldman Sachs Group Inc, which manages about $347.49 billion US Long portfolio, upped its stake in Fb Finl Corp by 263,408 shares to 973,331 shares, valued at $35.62M in 2019Q2, according to the filing. It also increased its holding in Iqiyi Inc by 5.78M shares in the quarter, for a total of 5.84 million shares, and has risen its stake in Costar Group Inc (NASDAQ:CSGP).

Analysts await Northern Trust Corporation (NASDAQ:NTRS) to report earnings on October, 16. They expect $1.63 earnings per share, up 3.16 % or $0.05 from last year’s $1.58 per share. NTRS’s profit will be $350.27M for 15.17 P/E if the $1.63 EPS becomes a reality. After $1.75 actual earnings per share reported by Northern Trust Corporation for the previous quarter, Wall Street now forecasts -6.86 % negative EPS growth.

More notable recent Northern Trust Corporation (NASDAQ:NTRS) news were published by: Nasdaq.com which released: “Northern Trust (NTRS) to Boost FX Business With BEx Buyout – Nasdaq” on December 06, 2018, also Finance.Yahoo.com with their article: “Can You Imagine How Northern Trust’s (NASDAQ:NTRS) Shareholders Feel About The 37% Share Price Increase? – Yahoo Finance” published on June 13, 2019, Seekingalpha.com published: “Northern Trust Q2 net income flat Y/Y, but EPS rises – Seeking Alpha” on July 24, 2019. More interesting news about Northern Trust Corporation (NASDAQ:NTRS) were released by: Csrwire.com and their article: “Northern Trust Releases Ninth Corporate Social Responsibility Report – Press Releases – CSRwire.com” published on September 13, 2019 as well as Nasdaq.com‘s news article titled: “Analysts Estimate Northern Trust (NTRS) to Report a Decline in Earnings: What to Look Out for – Nasdaq” with publication date: July 17, 2019.

Northern Trust Corporation (NASDAQ:NTRS) Ratings Coverage

Among 4 analysts covering Northern Trust (NASDAQ:NTRS), 2 have Buy rating, 1 Sell and 1 Hold. Therefore 50% are positive. Northern Trust has $13100 highest and $8700 lowest target. $106’s average target is 7.14% above currents $98.94 stock price. Northern Trust had 13 analyst reports since March 14, 2019 according to SRatingsIntel. The rating was maintained by Morgan Stanley on Wednesday, June 5 with “Underweight”. The company was maintained on Thursday, July 25 by Morgan Stanley. As per Wednesday, May 8, the company rating was maintained by Wells Fargo. The company was maintained on Wednesday, August 21 by Deutsche Bank. Buckingham Research upgraded the stock to “Buy” rating in Thursday, March 14 report. The company was downgraded on Tuesday, June 18 by Deutsche Bank. Deutsche Bank maintained Northern Trust Corporation (NASDAQ:NTRS) on Friday, August 9 with “Hold” rating. Deutsche Bank maintained it with “Buy” rating and $108 target in Friday, March 15 report.

Northern Trust Corporation (NASDAQ:NTRS) Institutional Positions Chart

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