Northern Trust Corporation (NASDAQ:NTRS) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Friday.

Other analysts have also issued reports about the stock. Wells Fargo & Company assumed coverage on shares of Northern Trust Corporation in a report on Wednesday. They set a “market perform” rating and a $90.00 target price for the company. Zacks Investment Research upgraded shares of Northern Trust Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and set a $86.00 target price (down from $91.00) on shares of Northern Trust Corporation in a report on Saturday, July 22nd. Morgan Stanley dropped their target price on shares of Northern Trust Corporation from $86.00 to $83.00 and set an “underweight” rating for the company in a report on Thursday, July 20th. Finally, Deutsche Bank AG dropped their target price on shares of Northern Trust Corporation from $103.00 to $93.00 and set a “hold” rating for the company in a report on Thursday, July 20th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $94.15.

Northern Trust Corporation (NTRS) traded down 0.06% during midday trading on Friday, hitting $87.15. The company had a trading volume of 1,043,485 shares. The firm’s 50 day moving average is $92.53 and its 200-day moving average is $89.21. The firm has a market capitalization of $19.91 billion, a P/E ratio of 19.78 and a beta of 0.92. Northern Trust Corporation has a 52 week low of $66.40 and a 52 week high of $99.30.

Northern Trust Corporation (NASDAQ:NTRS) last posted its quarterly earnings results on Wednesday, July 19th. The asset manager reported $1.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by $0.05. Northern Trust Corporation had a net margin of 20.21% and a return on equity of 12.08%. The business had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter in the previous year, the company earned $1.09 earnings per share. The business’s quarterly revenue was up .5% on a year-over-year basis. On average, equities research analysts expect that Northern Trust Corporation will post $4.72 EPS for the current fiscal year.

Northern Trust Corporation declared that its board has initiated a share buyback program on Wednesday, June 28th that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the asset manager to repurchase up to 3.4% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board of directors believes its shares are undervalued.

WARNING: “BidaskClub Upgrades Northern Trust Corporation (NTRS) to Hold” was reported by American Banking News and is owned by of American Banking News. If you are reading this piece of content on another site, it was copied illegally and republished in violation of US & international trademark & copyright law. The correct version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/08/12/bidaskclub-upgrades-northern-trust-corporation-ntrs-to-hold.html.

In other Northern Trust Corporation news, COO Jana R. Schreuder sold 5,538 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $88.33, for a total transaction of $489,171.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Teresa Parker sold 11,399 shares of the firm’s stock in a transaction that occurred on Friday, July 21st. The shares were sold at an average price of $87.65, for a total transaction of $999,122.35. The disclosure for this sale can be found here. Over the last three months, insiders sold 184,974 shares of company stock valued at $17,103,543. 1.27% of the stock is owned by insiders.

Institutional investors have recently made changes to their positions in the stock. Creative Planning increased its position in shares of Northern Trust Corporation by 117.8% in the first quarter. Creative Planning now owns 2,354 shares of the asset manager’s stock worth $204,000 after buying an additional 1,273 shares in the last quarter. Reilly Financial Advisors LLC increased its position in shares of Northern Trust Corporation by 3.5% in the first quarter. Reilly Financial Advisors LLC now owns 110,632 shares of the asset manager’s stock worth $9,579,000 after buying an additional 3,713 shares in the last quarter. Jolley Asset Management LLC increased its position in shares of Northern Trust Corporation by 25.9% in the first quarter. Jolley Asset Management LLC now owns 1,700 shares of the asset manager’s stock worth $147,000 after buying an additional 350 shares in the last quarter. DnB Asset Management AS increased its position in shares of Northern Trust Corporation by 21.8% in the first quarter. DnB Asset Management AS now owns 25,713 shares of the asset manager’s stock worth $2,226,000 after buying an additional 4,600 shares in the last quarter. Finally, Trust Department MB Financial Bank N A increased its position in shares of Northern Trust Corporation by 6.5% in the first quarter. Trust Department MB Financial Bank N A now owns 1,172 shares of the asset manager’s stock worth $101,000 after buying an additional 72 shares in the last quarter. 83.48% of the stock is owned by institutional investors and hedge funds.

About Northern Trust Corporation

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 across the world. Its segments include Corporate & Institutional Services (C&IS), Wealth Management, and Treasury and Other.

Analyst Recommendations for Northern Trust Corporation (NASDAQ:NTRS)

Receive News & Ratings for Northern Trust Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northern Trust Corporation and related companies with MarketBeat.com's FREE daily email newsletter.