Northern Trust (NASDAQ:NTRS) had its price objective upped by equities researchers at Barclays from $102.00 to $114.00 in a report released on Tuesday. The firm currently has an “equal weight” rating on the asset manager’s stock. Barclays’ price target would indicate a potential upside of 14.13% from the company’s current price.
NTRS has been the subject of a number of other reports. Citigroup restated 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. Zacks Investment Research upgraded Northern Trust from a “sell” rating to a “hold” rating in a research note on Monday, September 25th. Wells Fargo & Co set a $105.00 price objective on Northern Trust and gave the company a “hold” rating in a research note on Wednesday, December 20th. UBS Group upgraded Northern Trust from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $92.00 to $100.00 in a research note on Friday, September 8th. Finally, Bank of America set a $102.00 price objective on Northern Trust and gave the company a “buy” rating in a research note on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $99.86.
Northern Trust (NASDAQ NTRS) traded down $0.43 during trading on Tuesday, hitting $99.89. The company’s stock had a trading volume of 637,500 shares, compared to its average volume of 1,125,010. The company has a market cap of $22,717.09, a P/E ratio of 22.10, a P/E/G ratio of 2.13 and a beta of 0.97. Northern Trust has a 1-year low of $81.92 and a 1-year high of $101.46. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.37.
In related news, insider Peter Cherecwich sold 7,331 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $99.09, for a total value of $726,428.79. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Jana R. Schreuder sold 18,489 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $99.20, for a total value of $1,834,108.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 324,382 shares of company stock worth $31,276,013. 1.27% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Veritable L.P. raised its holdings in shares of Northern Trust by 0.5% during the 2nd quarter. Veritable L.P. now owns 7,941 shares of the asset manager’s stock worth $772,000 after acquiring an additional 42 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of Northern Trust by 0.5% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 16,033 shares of the asset manager’s stock worth $1,559,000 after acquiring an additional 80 shares in the last quarter. Salem Investment Counselors Inc. raised its holdings in shares of Northern Trust by 8.3% during the 2nd quarter. Salem Investment Counselors Inc. now owns 1,083 shares of the asset manager’s stock worth $105,000 after acquiring an additional 83 shares in the last quarter. Raymond James Trust N.A. raised its holdings in shares of Northern Trust by 3.2% during the 2nd quarter. Raymond James Trust N.A. now owns 3,626 shares of the asset manager’s stock worth $352,000 after acquiring an additional 112 shares in the last quarter. Finally, D.A. Davidson & CO. raised its holdings in shares of Northern Trust by 4.2% during the 2nd quarter. D.A. Davidson & CO. now owns 3,670 shares of the asset manager’s stock worth $356,000 after acquiring an additional 148 shares in the last quarter. 81.69% of the stock is currently owned by institutional investors.
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About Northern Trust
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.
