Northern Trust Corporation (NASDAQ:NTRS): Insiders Are Dumping, Should You?

Northern Trust Corporation (NASDAQ:NTRS) was in 21 hedge funds’ portfolio at the end of December. NTRS has seen a decrease in enthusiasm from smart money recently. There were 22 hedge funds in our database with NTRS positions at the end of the previous quarter.

In the financial world, there are tons of metrics investors can use to analyze Mr. Market. Some of the best are hedge fund and insider trading interest. At Insider Monkey, our research analyses have shown that, historically, those who follow the top picks of the best investment managers can outclass the S&P 500 by a superb margin (see just how much).

Northern Trust Corporation (NASDAQ:NTRS)

Just as beneficial, optimistic insider trading activity is another way to parse down the financial markets. Obviously, there are a variety of stimuli for an upper level exec to cut shares of his or her company, but only one, very simple reason why they would initiate a purchase. Many empirical studies have demonstrated the impressive potential of this method if piggybackers understand where to look (learn more here).

Keeping this in mind, it’s important to take a glance at the recent action regarding Northern Trust Corporation (NASDAQ:NTRS).

What have hedge funds been doing with Northern Trust Corporation (NASDAQ:NTRS)?

At year’s end, a total of 21 of the hedge funds we track were long in this stock, a change of -5% from one quarter earlier. With the smart money’s capital changing hands, there exists an “upper tier” of notable hedge fund managers who were increasing their stakes meaningfully.

Of the funds we track, Generation Investment Management, managed by David Blood and Al Gore, holds the largest position in Northern Trust Corporation (NASDAQ:NTRS). Generation Investment Management has a $122 million position in the stock, comprising 2.9% of its 13F portfolio. Sitting at the No. 2 spot is Ken Griffin of Citadel Investment Group, with a $98 million position; the fund has 0.1% of its 13F portfolio invested in the stock. Some other hedgies with similar optimism include Mario Gabelli’s GAMCO Investors, John W. Rogers’s Ariel Investments and Donald Yacktman’s Yacktman Asset Management.

Due to the fact that Northern Trust Corporation (NASDAQ:NTRS) has faced declining sentiment from the aggregate hedge fund industry, it’s safe to say that there exists a select few fund managers who sold off their positions entirely last quarter. Interestingly, Russell Hawkins’s Hawkins Capital dropped the largest investment of the “upper crust” of funds we key on, totaling close to $5 million in stock.. David Costen Haley’s fund, HBK Investments, also dumped its stock, about $1 million worth. These transactions are interesting, as aggregate hedge fund interest fell by 1 funds last quarter.

Insider trading activity in Northern Trust Corporation (NASDAQ:NTRS)

Bullish insider trading is best served when the company in question has seen transactions within the past 180 days. Over the last 180-day time frame, Northern Trust Corporation (NASDAQ:NTRS) has seen zero unique insiders buying, and 9 insider sales (see the details of insider trades here).

With the results shown by the aforementioned studies, retail investors must always pay attention to hedge fund and insider trading sentiment, and Northern Trust Corporation (NASDAQ:NTRS) shareholders fit into this picture quite nicely.

Click here to learn more about Insider Monkey’s Hedge Fund Newsletter

Insider Monkey’s small-cap strategy returned 29.2% between September 2012 and February 2013 versus 8.7% for the S&P 500 index. Try it now by clicking the link above.

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

50 Crazy Facts About Japan You Won’t Believe

Top 10 Least Expensive Hybrid Cars to Save the Planet With

The 10 Biggest ‘Gate’ Controversies in History

The 10 States with the Highest Nursing Shortages Leaving Their Hospitals Depleted

The 10 Best Value Investment Blogs that Every Investor Must Read

The 6 Cheapest Boarding Schools in Europe 2015

The 5 Most Expensive Cars To Insure in the World

The 10 Most Common Genetically Modified Foods

10 Self-Made Billionaires Who Came From Nothing

The 10 Most Expensive Cities to Live in North America

The 13 Most Expensive Headphones in the World to Represent

The Top 20 Wealthiest Soccer Teams in 2014

4 BuzzWorthy Cannabis Stocks And Some Smoking Derivative Plays

The 10 Healthiest Fast Food Chains in America to Dine At

The 5 Most Expensive Cat Food Brands You Can Spoil Your Kitty With

The 6 Best eCommerce Platforms for Small Businesses

The 10 Worst Mistakes an Entrepreneur Can Make

The 5 Most OP Characters in League of Legends to Carry Games and Crush Foes With

The 5 Best Foods to Eat Before Running that Will Help You Pound the Pavement

10 Glaring Plot Holes in The Walking Dead that a Zombie-Filled Bus Could Drive Through

The 5 Biggest Celebrity Stoners Who Love Their Reefer

The 10 Most Overrated Movies Of All Time by Out-of-Touch Critics

Top 6 Least Expensive Cruise Destinations For 2015 that Will Take You to Paradise

10 States with Lowest Substance Abuse Rates in America

The 14 Most Watched TV Finales Ever

The 10 Best Selling Role Playing Games of All Time for PC

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

Top 6 Cities For The Ultra Rich to Live in Comfort

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

How to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!