Cutler Investment Counsel adds Northern Trust Corporation (NTRS) to its portfolio

Northern Trust Corporation (NTRS) : Cutler Investment Counsel added new position in Northern Trust Corporation during the most recent quarter end. The investment management firm now holds 64,473 shares of Northern Trust Corporation which is valued at $4,373,204 , the company said in a statement filed on Aug 15, 2016 with the SEC.Northern Trust Corporation makes up approximately 1.19% of Cutler Investment Counsel’s portfolio.

Other Hedge Funds, Including , Baker Avenue Asset Management Lp boosted its stake in NTRS in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 6,320 shares of Northern Trust Corporation which is valued at $428,686. Northern Trust Corporation makes up approx 0.06% of Baker Avenue Asset Management Lp’s portfolio.Quadrant Capital Group boosted its stake in NTRS in the latest quarter, The investment management firm added 229 additional shares and now holds a total of 836 shares of Northern Trust Corporation which is valued at $56,505. Northern Trust Corporation makes up approx 0.04% of Quadrant Capital Group’s portfolio.Retirement Systems Of Alabama reduced its stake in NTRS by selling 543 shares or 0.49% in the most recent quarter. The Hedge Fund company now holds 109,343 shares of NTRS which is valued at $7,487,809. Northern Trust Corporation makes up approx 0.04% of Retirement Systems Of Alabama’s portfolio.Umb Bank N Amo reduced its stake in NTRS by selling 100 shares or 0.46% in the most recent quarter. The Hedge Fund company now holds 21,617 shares of NTRS which is valued at $1,480,332. Northern Trust Corporation makes up approx 0.06% of Umb Bank N Amo’s portfolio.Capital One National Association reduced its stake in NTRS by selling 966 shares or 2.16% in the most recent quarter. The Hedge Fund company now holds 43,825 shares of NTRS which is valued at $2,913,048. Northern Trust Corporation makes up approx 0.23% of Capital One National Association’s portfolio.

Northern Trust Corporation closed down -0.18 points or -0.25% at $70.41 with 12,94,680 shares getting traded on Thursday. Post opening the session at $70.97, the shares hit an intraday low of $69.79 and an intraday high of $71.66 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Northern Trust Corporation reported $1.09 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jul 20, 2016. Analyst had a consensus of $1.06. The company had revenue of $1316.70 million for the quarter, compared to analysts expectations of $1222.61 million. The company’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.01 EPS.

Many Wall Street Analysts have commented on Northern Trust Corporation. Shares were Downgraded by Goldman on Jul 7, 2016 to ” Neutral” and Lowered the Price Target to $ 71 from a previous price target of $82 .Northern Trust Corporation was Upgraded by Citigroup to ” Neutral” on Jun 28, 2016.

Northern Trust Corporation is a financial holding company. The Company provides asset servicing fund administration asset management fiduciary and banking solutions for corporations institutions families and individuals around the world. The Company’s operating segments include Corporate & Institutional Services (C&IS) Wealth Management and Treasury and Other. The Company has a network of offices in 19 states in the United States Washington D.C. and 20 international locations in Canada Europe the Middle East and the Asia-Pacific region. Asset Management through the Company’s various subsidiaries supports the C&IS and Wealth Management segments by providing a range of asset management and related services and other products to customers around the world. The Company’s subsidiary is The Northern Trust Company.

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