Northern Trust (NTRS) Stock Rating Reaffirmed by Keefe, Bruyette & Woods

Northern Trust (NASDAQ:NTRS)‘s stock had its “hold” rating reiterated by analysts at Keefe, Bruyette & Woods in a report released on Friday. They currently have a $110.00 target price on the asset manager’s stock. Keefe, Bruyette & Woods’ target price would indicate a potential upside of 11.13% from the company’s current price.

A number of other research firms also recently issued reports on NTRS. Wells Fargo & Company set a $105.00 price objective on shares of Northern Trust and gave the company a “hold” rating in a report on Wednesday. Zacks Investment Research upgraded shares of Northern Trust from a “hold” rating to a “buy” rating and set a $110.00 price objective on the stock in a report on Tuesday. Buckingham Research lifted their price objective on shares of Northern Trust from $95.00 to $97.00 and gave the company a “neutral” rating in a report on Thursday, October 19th. UBS lifted their price objective on shares of Northern Trust from $100.00 to $109.00 and gave the company a “buy” rating in a report on Thursday, October 19th. Finally, Morgan Stanley lifted their price objective on shares of Northern Trust from $83.00 to $91.00 and gave the company an “underweight” rating in a report on Thursday, October 19th. One analyst has rated the stock with a sell rating, nine have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Northern Trust has an average rating of “Hold” and an average price target of $98.93.

Shares of Northern Trust (NASDAQ:NTRS) opened at $98.98 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.71 and a current ratio of 0.71. The company has a market cap of $22,387.33, a P/E ratio of 21.90, a price-to-earnings-growth ratio of 2.10 and a beta of 0.96. Northern Trust has a fifty-two week low of $81.92 and a fifty-two week high of $100.50.

Northern Trust (NASDAQ:NTRS) last announced its earnings results on Wednesday, October 18th. The asset manager reported $1.20 EPS for the quarter, topping the consensus estimate of $1.12 by $0.08. The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.35 billion. Northern Trust had a net margin of 20.27% and a return on equity of 12.33%. The business’s quarterly revenue was up 11.2% on a year-over-year basis. During the same period last year, the company posted $1.11 EPS. equities analysts anticipate that Northern Trust will post 4.68 earnings per share for the current fiscal year.

In related news, COO Jana R. Schreuder sold 18,489 shares of the firm’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $99.20, for a total value of $1,834,108.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Aileen B. Blake sold 1,000 shares of the firm’s stock in a transaction on 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 sold 433,382 shares of company stock valued at $41,304,013 over the last three months. 1.27% of the stock is owned by company insiders.

Large investors have recently added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. grew its stake in shares of Northern Trust by 4.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 675,307 shares of the asset manager’s stock valued at $65,647,000 after buying an additional 26,164 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Northern Trust by 0.7% in the second quarter. Principal Financial Group Inc. now owns 337,497 shares of the asset manager’s stock valued at $32,808,000 after buying an additional 2,298 shares in the last quarter. Eaton Vance Management grew its stake in shares of Northern Trust by 0.3% in the second quarter. Eaton Vance Management now owns 753,651 shares of the asset manager’s stock valued at $73,262,000 after buying an additional 2,397 shares in the last quarter. Toronto Dominion Bank boosted its position in Northern Trust by 11.0% during the third quarter. Toronto Dominion Bank now owns 81,627 shares of the asset manager’s stock worth $7,502,000 after purchasing an additional 8,120 shares during the period. Finally, Delta Lloyd Asset Management N.V. bought a new position in Northern Trust during the second quarter worth $2,799,000. 81.69% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Northern Trust (NASDAQ:NTRS)

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