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Salem Investment Counselors Lowered Holding in General Electric Co (GE) by $1.55 Million; Mondrian Investment Partners LTD Holding in Northern Trust (NTRS) Trimmed as Market Value Rose

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Mondrian Investment Partners Ltd decreased its stake in Northern Trust (NTRS) by 15.19% based on its latest 2017Q4 regulatory filing with the SEC. Mondrian Investment Partners Ltd sold 87,576 shares as the company’s stock rose 2.63% while stock markets declined. The institutional investor held 488,812 shares of the major banks company at the end of 2017Q4, valued at $48.83 million, down from 576,388 at the end of the previous reported quarter. Mondrian Investment Partners Ltd who had been investing in Northern Trust for a number of months, seems to be less bullish one the $23.66 billion market cap company. The stock increased 0.91% or $0.95 during the last trading session, reaching $104.86. About 590,179 shares traded. Northern Trust Corporation (NASDAQ:NTRS) has risen 19.41% since April 16, 2017 and is uptrending. It has outperformed by 7.86% the S&P500.

Salem Investment Counselors Inc decreased its stake in General Electric Co (GE) by 24.89% based on its latest 2017Q4 regulatory filing with the SEC. Salem Investment Counselors Inc sold 90,966 shares as the company’s stock declined 23.20% with the market. The institutional investor held 274,485 shares of the consumer electronics and appliances company at the end of 2017Q4, valued at $4.79M, down from 365,451 at the end of the previous reported quarter. Salem Investment Counselors Inc who had been investing in General Electric Co for a number of months, seems to be less bullish one the $115.19B market cap company. The stock decreased 1.66% or $0.2243 during the last trading session, reaching $13.2657. About 44.88M shares traded. General Electric Company (NYSE:GE) has declined 54.35% since April 16, 2017 and is downtrending. It has underperformed by 65.90% the S&P500.

Mondrian Investment Partners Ltd, which manages about $70.36B and $4.11B US Long portfolio, upped its stake in Cisco Systems (NASDAQ:CSCO) by 12,773 shares to 1.63 million shares, valued at $62.24 million in 2017Q4, according to the filing. It also increased its holding in At & T Inc (NYSE:T) by 8,176 shares in the quarter, for a total of 855,031 shares, and has risen its stake in Donaldson Comp (NYSE:DCI).

Since October 18, 2017, it had 0 insider buys, and 16 sales for $22.31 million activity. Leech Wilson sold $951,063 worth of Northern Trust Corporation (NASDAQ:NTRS) on Tuesday, January 30. Pembleton Susan Gillian sold $1.76 million worth of Northern Trust Corporation (NASDAQ:NTRS) on Monday, February 26. $392,172 worth of stock was sold by Schreuder Jana R on Thursday, March 1. Shares for $1.07 million were sold by Parker Teresa. St Clair Joyce sold $728,175 worth of stock or 7,665 shares. $1.50M worth of stock was sold by Bowman Biff on Tuesday, February 27.

Analysts await Northern Trust Corporation (NASDAQ:NTRS) to report earnings on April, 24. They expect $1.39 EPS, up 27.52% or $0.30 from last year’s $1.09 per share. NTRS’s profit will be $313.57M for 18.86 P/E if the $1.39 EPS becomes a reality. After $1.35 actual EPS reported by Northern Trust Corporation for the previous quarter, Wall Street now forecasts 2.96% EPS growth.

Investors sentiment increased to 1.03 in Q4 2017. Its up 0.06, from 0.97 in 2017Q3. It improved, as 27 investors sold NTRS shares while 191 reduced holdings. 59 funds opened positions while 165 raised stakes. 175.58 million shares or 4.39% less from 183.65 million shares in 2017Q3 were reported. Fred Alger Management has 68 shares for 0% of their portfolio. Massachusetts Ser Ma owns 1.25 million shares. Capstone Financial Advsrs holds 0.11% or 2,886 shares in its portfolio. Livforsakringsbolaget Skandia Omsesidigt invested in 0.1% or 10,198 shares. Creative Planning reported 7,274 shares. Cornerstone Cap Management Ltd accumulated 343,424 shares. Schwab Charles Investment accumulated 721,883 shares or 0.06% of the stock. The Netherlands-based Ing Groep Nv has invested 0.03% in Northern Trust Corporation (NASDAQ:NTRS). Hong Kong-based Point72 Asia (Hong Kong) Limited has invested 0.04% in Northern Trust Corporation (NASDAQ:NTRS). Employees Retirement Association Of Colorado reported 40,844 shares or 0.03% of all its holdings. Fil Limited owns 0.41% invested in Northern Trust Corporation (NASDAQ:NTRS) for 1.47M shares. Wells Fargo & Com Mn holds 0.06% or 2.11 million shares. California Public Employees Retirement System owns 567,272 shares or 0.08% of their US portfolio. Drexel Morgan Com has 0.49% invested in Northern Trust Corporation (NASDAQ:NTRS). Gradient Ltd Company owns 4 shares.

Among 17 analysts covering Northern Trust Corporation (NASDAQ:NTRS), 7 have Buy rating, 1 Sell and 9 Hold. Therefore 41% are positive. Northern Trust Corporation had 72 analyst reports since August 6, 2015 according to SRatingsIntel. The firm has “Neutral” rating given on Thursday, October 19 by Buckingham Research. The firm earned “Underweight” rating on Thursday, July 20 by Morgan Stanley. The company was maintained on Monday, July 11 by Jefferies. The firm has “Buy” rating by RBC Capital Markets given on Wednesday, June 28. Goldman Sachs upgraded the stock to “Buy” rating in Monday, April 2 report. Jefferies maintained Northern Trust Corporation (NASDAQ:NTRS) on Monday, June 19 with “Buy” rating. The stock of Northern Trust Corporation (NASDAQ:NTRS) earned “Neutral” rating by Citigroup on Wednesday, September 2. The firm has “Hold” rating given on Monday, July 18 by Deutsche Bank. The company was upgraded on Friday, October 2 by UBS. The firm earned “Buy” rating on Thursday, April 5 by Jefferies.

Investors sentiment decreased to 0.5 in 2017 Q4. Its down 0.19, from 0.69 in 2017Q3. It dropped, as 153 investors sold GE shares while 921 reduced holdings. 151 funds opened positions while 383 raised stakes. 4.69 billion shares or 0.29% less from 4.70 billion shares in 2017Q3 were reported. Fairpointe Capital has invested 0.01% in General Electric Company (NYSE:GE). Shamrock Asset Management Limited Liability invested in 0.07% or 6,841 shares. Fiera Cap, Quebec – Canada-based fund reported 74,233 shares. Hikari Ltd stated it has 75,200 shares or 0.15% of all its holdings. Alpine Woods Cap Investors Limited Com holds 11,216 shares or 0.01% of its portfolio. Connor Clark Lunn Inv Mngmt Ltd owns 1.80M shares. Schulhoff & Com Incorporated accumulated 116,169 shares or 1.14% of the stock. Arrowgrass Cap Ptnrs (Us) Limited Partnership holds 687,532 shares. Live Your Vision Ltd Liability Corporation stated it has 0.05% of its portfolio in General Electric Company (NYSE:GE). 64,061 were reported by Pacific Glob Investment Communication. Parallax Volatility Advisers Ltd Partnership reported 459,572 shares. Zacks Invest Mngmt owns 0.01% invested in General Electric Company (NYSE:GE) for 16,754 shares. Moreover, Mathes has 0.46% invested in General Electric Company (NYSE:GE) for 57,409 shares. Pnc Finance Service Gp reported 24.38M shares. Ithaka Grp Inc Ltd reported 11,500 shares or 0.04% of all its holdings.

Salem Investment Counselors Inc, which manages about $1.19B and $922.89 million US Long portfolio, upped its stake in Conocophillips (NYSE:COP) by 27,419 shares to 29,987 shares, valued at $1.65 million in 2017Q4, according to the filing. It also increased its holding in Nvidia Corp (NASDAQ:NVDA) by 3,547 shares in the quarter, for a total of 12,350 shares, and has risen its stake in Intuitive Surgical Inc (NASDAQ:ISRG).

Analysts await General Electric Company (NYSE:GE) to report earnings on April, 20. They expect $0.12 EPS, down 42.86% or $0.09 from last year’s $0.21 per share. GE’s profit will be $1.04 billion for 27.64 P/E if the $0.12 EPS becomes a reality. After $0.27 actual EPS reported by General Electric Company for the previous quarter, Wall Street now forecasts -55.56% negative EPS growth.

Northern Trust Corporation (NASDAQ:NTRS) Institutional Positions Chart

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