Seatown Holdings Upped Its Position in Goodyear Tire & Rubr Co (GT) by $8.40 Million as Share Value Declined; Associated Banc-Corp Trimmed Its Position in Northern Tr (NTRS) by $303,747 as Market Value Declined

June 18, 2018 - By Adrian Mccoy

The Goodyear Tire & Rubber Company (NASDAQ:GT) Logo

Associated Banc-Corp decreased its stake in Northern Tr Corp (NTRS) by 7.48% based on its latest 2018Q1 regulatory filing with the SEC. Associated Banc-Corp sold 2,949 shares as the company’s stock declined 2.05% with the market. The institutional investor held 36,460 shares of the major banks company at the end of 2018Q1, valued at $3.76 million, down from 39,409 at the end of the previous reported quarter. Associated Banc-Corp who had been investing in Northern Tr Corp for a number of months, seems to be less bullish one the $24.05 billion market cap company. The stock decreased 0.06% or $0.06 during the last trading session, reaching $106.89. About 1.39M shares traded or 30.63% up from the average. Northern Trust Corporation (NASDAQ:NTRS) has risen 20.76% since June 18, 2017 and is uptrending. It has outperformed by 8.19% the S&P500. Some Historical NTRS News: 24/04/2018 – GLOBAL BANKS: UBS SAYS IT IS OVERWEIGHT ON US BANKS; 17/04/2018 – NORTHERN TRUST CORP – QTRLY TOTAL REVENUE ON FTE BASIS WAS $ 1,484.7 MLN VS $ 1,293.3 MLN REPORTED LAST YEAR; 24/04/2018 – GLOBAL BANKS: UBS SAYS IT IS NEUTRAL ON BANKS IN EUROPE, JAPAN AND EMERGING MARKETS; 12/04/2018 – Northern Trust Announces Leadership Appointments in Global Family Office & Investment Practice Group; 26/03/2018 – Hartford Global Growth HLS Adds Northern Trust; 27/03/2018 – NORTHERN TRUST CORP NTRS.O : UBS RAISES TARGET PRICE TO $122 FROM $120; 12/04/2018 – MOVES- Northern Trust, Cavendish, Exotix Capital; 22/05/2018 – NORTHERN TRUST NAMES DAVID I. KIM HEAD OF SALES ASIA-PACIFIC; 18/04/2018 – Growth is looking good now, but it won’t be enough to save the U.S. from its out-of-control budget deficit, warns Carl Tannenbaum, chief economist at Northern Trust; 26/04/2018 – Northern Trust to Utilize Direct Clearing for Canadian Derivatives

Seatown Holdings increased its stake in Goodyear Tire & Rubr Co (GT) by 62.14% based on its latest 2018Q1 regulatory filing with the SEC. Seatown Holdings bought 323,058 shares as the company’s stock declined 15.53% with the market. The institutional investor held 842,926 shares of the automotive aftermarket company at the end of 2018Q1, valued at $22.41M, up from 519,868 at the end of the previous reported quarter. Seatown Holdings who had been investing in Goodyear Tire & Rubr Co for a number of months, seems to be bullish on the $6.01 billion market cap company. The stock decreased 0.12% or $0.03 during the last trading session, reaching $25.07. About 2.58 million shares traded. The Goodyear Tire & Rubber Company (NASDAQ:GT) has declined 21.33% since June 18, 2017 and is downtrending. It has underperformed by 33.90% the S&P500. Some Historical GT News: 16/04/2018 – GOODYEAR TIRE & RUBBER CO – NO CASH WILL BE EXCHANGED BETWEEN PARTIES AS PART OF DEAL; 17/04/2018 – Atlanta Bus Chrn: Goodyear, Bridgestone joint venture picks Atlanta for headquarters; 22/03/2018 – Moody’s assigns Aa2 to Maricopa Co. SD 79 (Litchfield Elem), AZ’s GO bonds, Series 2018; 15/03/2018 – TechFlashATL: SCOOP: Goodyear scouts #BangaloreoftheSouthâ„¢ for 40K square feet operations center; 25/04/2018 – Goodyear Tire 1Q Segment Operating Income $281M; 16/04/2018 – GOODYEAR TIRE & RUBBER CO – CO EXPECTS TO RECORD MAJORITY OF SHARE OF START-UP COSTS IN OTHER INCOME & EXPENSE DURING FIRST & SECOND QUARTERS OF 2018; 24/04/2018 – General Motors Recognizes Goodyear for Performance, Quality and Innovation; 15/03/2018 Atlanta Bus Chrn: Goodyear picks Atlanta for an ‘operations support’ center (Video); 25/04/2018 – Goodyear Tire 1Q Net $75M; 16/04/2018 – GOODYEAR TIRE & RUBBER CO – COMPANY CONTINUES TO EXPECT ITS 2020 SEGMENT OPERATING INCOME TO RANGE BETWEEN $2.0 AND $2.4 BLN

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 75 analyst reports since August 6, 2015 according to SRatingsIntel. Jefferies maintained Northern Trust Corporation (NASDAQ:NTRS) rating on Friday, September 15. Jefferies has “Buy” rating and $111.0 target. The rating was maintained by Keefe Bruyette & Woods with “Hold” on Friday, May 26. The firm earned “Neutral” rating on Thursday, October 19 by Buckingham Research. The stock of Northern Trust Corporation (NASDAQ:NTRS) earned “Hold” rating by Keefe Bruyette & Woods on Wednesday, June 28. The firm has “Hold” rating given on Wednesday, October 5 by Deutsche Bank. The firm has “Neutral” rating given on Thursday, January 25 by Credit Suisse. On Wednesday, September 2 the stock rating was maintained by Citigroup with “Neutral”. On Wednesday, June 28 the stock rating was maintained by RBC Capital Markets with “Buy”. The rating was maintained by Jefferies on Monday, July 11 with “Hold”. Jefferies maintained the stock with “Buy” rating in Tuesday, January 9 report.

Analysts await Northern Trust Corporation (NASDAQ:NTRS) to report earnings on July, 18. They expect $1.62 EPS, up 37.29% or $0.44 from last year’s $1.18 per share. NTRS’s profit will be $364.48 million for 16.50 P/E if the $1.62 EPS becomes a reality. After $1.61 actual EPS reported by Northern Trust Corporation for the previous quarter, Wall Street now forecasts 0.62% EPS growth.

Associated Banc-Corp, which manages about $1.76B US Long portfolio, upped its stake in Ishares Tr (IWF) by 11,510 shares to 41,917 shares, valued at $5.70M in 2018Q1, according to the filing. It also increased its holding in Union Pac Corp (NYSE:UNP) by 16,642 shares in the quarter, for a total of 139,812 shares, and has risen its stake in Alps Etf Tr (AMLP).

Another recent and important Northern Trust Corporation (NASDAQ:NTRS) news was published by Nasdaq.com which published an article titled: “Recent Analysis Shows NuVasive, Ecolab, Roku, Northern Trust, Sea Limited, and Twenty-First Century Fox Market …” on June 15, 2018.

Since January 26, 2018, it had 0 insider buys, and 19 insider sales for $24.19 million activity. Blake Aileen B sold $315,960 worth of stock. Another trade for 6,898 shares valued at $726,152 was sold by Cohodes Jeffrey D.. Pembleton Susan Gillian had sold 16,198 shares worth $1.76 million on Monday, February 26. Schreuder Jana R sold 2,627 shares worth $283,926. Shares for $1.07 million were sold by Parker Teresa. 13,811 Northern Trust Corporation (NASDAQ:NTRS) shares with value of $1.50 million were sold by Bowman Biff.

Investors sentiment decreased to 0.82 in 2018 Q1. Its down 0.21, from 1.03 in 2017Q4. It fall, as 26 investors sold NTRS shares while 219 reduced holdings. 56 funds opened positions while 146 raised stakes. 172.98 million shares or 1.48% less from 175.58 million shares in 2017Q4 were reported. Burgundy Asset Management stated it has 2.32 million shares or 2.25% of all its holdings. Thrivent For Lutherans holds 0% or 11,678 shares in its portfolio. Raymond James Advsrs Inc accumulated 87,699 shares. Ellington Management Grp Incorporated accumulated 13,200 shares. Employees Retirement Systems Of Texas holds 20,700 shares or 0.03% of its portfolio. Pitcairn reported 6,946 shares stake. Livforsakringsbolaget Skandia Omsesidigt reported 10,198 shares stake. Cibc Asset Mngmt reported 21,334 shares stake. Reilly Financial Advsrs Limited Liability Co reported 112,420 shares. Loews Corporation invested in 0.01% or 14,000 shares. Moreover, Ameritas Invest Incorporated has 0.02% invested in Northern Trust Corporation (NASDAQ:NTRS) for 5,041 shares. Investec Asset Mgmt stated it has 479,814 shares. Btim owns 0.96% invested in Northern Trust Corporation (NASDAQ:NTRS) for 614,268 shares. Engineers Gate Manager LP holds 9,051 shares. Proshare Advisors Limited Liability Corp has 64,243 shares.

Investors sentiment increased to 0.99 in Q1 2018. Its up 0.24, from 0.75 in 2017Q4. It improved, as 38 investors sold GT shares while 148 reduced holdings. 50 funds opened positions while 134 raised stakes. 201.95 million shares or 4.42% less from 211.29 million shares in 2017Q4 were reported. Caisse De Depot Et Placement Du Quebec holds 156,100 shares or 0.01% of its portfolio. Gateway Advisers Limited Liability Company reported 12,370 shares. Moreover, Hexavest has 0.54% invested in The Goodyear Tire & Rubber Company (NASDAQ:GT) for 1.64M shares. Denver Inv Limited Liability Corp holds 0.09% or 64,472 shares. Ameritas Investment Prtn holds 5,094 shares or 0.01% of its portfolio. Tarbox Family Office has 0% invested in The Goodyear Tire & Rubber Company (NASDAQ:GT). 155,954 are held by Oregon Public Employees Retirement Fund. Icm Asset Mgmt Wa reported 12,775 shares stake. Earnest Ptnrs Ltd Liability stated it has 135 shares. Proshare Ltd Liability Corp has invested 0.02% in The Goodyear Tire & Rubber Company (NASDAQ:GT). 8,113 are held by Da Davidson And. Cubist Systematic Strategies Ltd Liability Corp owns 23,992 shares or 0.04% of their US portfolio. Counselors invested in 93,274 shares. Gulf International Natl Bank (Uk) Limited accumulated 76,542 shares or 0.03% of the stock. Clearbridge Limited Liability Com reported 0.04% stake.

Among 13 analysts covering Goodyear Tire (NASDAQ:GT), 7 have Buy rating, 0 Sell and 6 Hold. Therefore 54% are positive. Goodyear Tire had 38 analyst reports since October 28, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Tuesday, June 20 by Jefferies. Argus Research maintained it with “Buy” rating and $37 target in Tuesday, November 10 report. The stock of The Goodyear Tire & Rubber Company (NASDAQ:GT) has “Overweight” rating given on Monday, October 30 by JP Morgan. The company was downgraded on Wednesday, October 28 by Standpoint Research. JP Morgan maintained The Goodyear Tire & Rubber Company (NASDAQ:GT) rating on Thursday, April 26. JP Morgan has “Overweight” rating and $36 target. Citigroup maintained The Goodyear Tire & Rubber Company (NASDAQ:GT) rating on Tuesday, May 22. Citigroup has “Neutral” rating and $29 target. On Wednesday, June 21 the stock rating was initiated by CLSA with “Buy”. Goldman Sachs maintained The Goodyear Tire & Rubber Company (NASDAQ:GT) rating on Tuesday, August 1. Goldman Sachs has “Hold” rating and $2900 target. The firm has “Overweight” rating given on Thursday, April 7 by KeyBanc Capital Markets. Jefferies maintained the stock with “Buy” rating in Thursday, October 12 report.

More news for The Goodyear Tire & Rubber Company (NASDAQ:GT) were recently published by: Streetinsider.com, which released: “Goodyear Tire (GT) CFO Laura K. Thompson to Retire” on June 18, 2018. Investorplace.com‘s article titled: “3 Cheapest Stocks With Greatest Potential for Growth” and published on May 29, 2018 is yet another important article.

Northern Trust Corporation (NASDAQ:NTRS) Institutional Positions Chart

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