Northern Trust (NASDAQ:NTRS) has been given a $105.00 price target by research analysts at Wells Fargo & Company in a research report issued to clients and investors on Wednesday. The brokerage currently has a “hold” rating on the asset manager’s stock. Wells Fargo & Company’s price target would indicate a potential upside of 6.66% from the company’s current price.
Other equities analysts have also recently issued reports about the stock. Zacks Investment Research raised shares of Northern Trust from a “hold” rating to a “buy” rating and set a $110.00 price objective for the company in a research note on Tuesday. Buckingham Research lifted their price objective on shares of Northern Trust from $95.00 to $97.00 and gave the stock a “neutral” rating in a research note on Thursday, October 19th. UBS lifted their price target on shares of Northern Trust from $100.00 to $109.00 and gave the stock a “buy” rating in a research note on Thursday, October 19th. Citigroup reaffirmed a “neutral” rating and set a $92.00 price target (up from $90.00) on shares of Northern Trust in a research note on Monday, October 9th. Finally, Morgan Stanley lifted their price target on shares of Northern Trust from $83.00 to $91.00 and gave the stock an “underweight” rating in a research note on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $98.14.
Shares of Northern Trust (NTRS) traded up $0.42 during trading hours on Wednesday, hitting $98.44. 1,398,030 shares of the company’s stock were exchanged, compared to its average volume of 1,137,169. Northern Trust has a 1-year low of $81.92 and a 1-year high of $99.66. The stock has a market cap of $22,421.45, a PE ratio of 21.53, a P/E/G ratio of 2.10 and a beta of 0.96. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.37.
In related news, Vice Chairman William L. Morrison sold 11,058 shares of Northern Trust stock in a transaction dated Wednesday, October 25th. The shares were sold at an average price of $94.34, for a total transaction of $1,043,211.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Aileen B. Blake sold 1,000 shares of Northern Trust stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $92.00, for a total transaction of $92,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 433,382 shares of company stock valued at $41,304,013 in the last quarter. 1.27% of the stock is currently owned by company insiders.
Several large investors have recently bought and sold shares of NTRS. Alyeska Investment Group L.P. bought a new stake in shares of Northern Trust in the 3rd quarter valued at about $128,778,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of Northern Trust by 7,106.6% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 526,081 shares of the asset manager’s stock valued at $51,140,000 after purchasing an additional 518,781 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Northern Trust by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 14,255,623 shares of the asset manager’s stock valued at $1,385,789,000 after purchasing an additional 363,691 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of Northern Trust by 18.4% in the 2nd quarter. Wells Fargo & Company MN now owns 1,925,499 shares of the asset manager’s stock valued at $187,177,000 after purchasing an additional 299,230 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Northern Trust by 14.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,965,535 shares of the asset manager’s stock valued at $180,691,000 after purchasing an additional 255,106 shares in the last quarter. Institutional investors and hedge funds own 81.69% of the company’s stock.
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Northern Trust Company Profile
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.
