Northern Trust Co. (NASDAQ:NTRS) Stake Lowered by Orion Portfolio Solutions LLC

Northern Trust Co. (NASDAQ:NTRS) has recently seen a decrease in stake by Orion Portfolio Solutions LLC, as reported in their Form 13F filing with the Securities and Exchange Commission. The asset manager’s stock saw a decrease of 8.3%, with Orion Portfolio Solutions LLC selling 2,484 shares, bringing their total holdings to 27,387 shares valued at $2,435,000.

Other hedge funds and institutional investors have also made changes to their positions in Northern Trust. Spartan Planning & Wealth Management increased their holdings by 10,566.7%, while Fortitude Family Office LLC acquired a new position. Quent Capital LLC and Allworth Financial LP also increased their positions, with Friedenthal Financial acquiring a new position in the company.

Wall Street analysts have weighed in on the stock, with varying price targets and ratings. Royal Bank of Canada and Bank of America gave the stock an “outperform” and “buy” rating, respectively, while Evercore ISI and The Goldman Sachs Group provided an “in-line” and “neutral” rating. Jefferies Financial Group also gave a “buy” rating to Northern Trust.

Shares of Northern Trust opened at $85.49 on Friday, with a 50-day simple moving average of $84.07 and a 200-day simple moving average of $83.32. The company reported earnings per share of $1.78 for the quarter, beating the consensus estimate by $0.03. The company also announced a quarterly dividend of $0.75 per share.

In insider activity, Steven L. Fradkin and Peter Cherecwich sold shares of the company’s stock, with Fradkin selling 4,097 shares and Cherecwich selling 12,000 shares. Company insiders now own 0.64% of the company’s stock.

Northern Trust Corporation provides wealth management, asset servicing, asset management, and banking solutions worldwide. The company operates in two segments, Asset Servicing and Wealth Management, offering a range of financial services to corporations, institutions, families, and individuals.

For more information on Northern Trust and its latest updates, visit HoldingsChannel.com for the latest 13F filings and insider trades.