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.

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Best Travel Destinations in Australia

World’s Most Expensive Musical Instruments

World’s Most Famous Animals

Most Expensive Cakes in the World

Most Expensive Kosher Champagne in the World

Most Expensive Kosher Wine in the World

The Most Surprisingly Dark Fairy Tales

Most Popular Travel Destinations in Asia

The 10 Most Expensive Dresses Ever Worn to the Oscars

World’s Most Visited Art Museums

Best Countries for Photographers to Work in

Best Paid Jobs in the Film Industry

The Most Renowned Recovered Paintings Ever

Child Stars That Turned out Just Fine

Books That Were Banned in the Past Century

World’s Richest Dancers

Best Remedies against Bad Breath

Foods That Improve Your Skin Texture

Best-Selling Children’s Books of all Time

Foods That Boost Your Libido

Best-Selling Books of all Time

The Most Expensive Academy Awards Jewelry in History

Most Expensive Japanese Restaurant In New York City

The Best B-Boy Movies

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

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 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!