Northern Trust (NASDAQ:NTRS) had its price target boosted by stock analysts at Morgan Stanley from $104.00 to $110.00 in a research note issued on Friday. The firm presently has an “underweight” rating on the asset manager’s stock. Morgan Stanley’s price objective points to a potential upside of 5.13% from the stock’s current price.
A number of other equities analysts have also issued reports on the stock. Sandler O’Neill reiterated a “hold” rating on shares of Northern Trust in a research report on Thursday, January 25th. Bank of America increased their target price on shares of Northern Trust from $112.00 to $116.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. Royal Bank of Canada increased their target price on shares of Northern Trust to $110.00 and gave the company an “outperform” rating in a research report on Thursday, January 25th. Credit Suisse Group increased their target price on shares of Northern Trust from $99.00 to $100.00 and gave the company a “neutral” rating in a research report on Thursday, January 25th. Finally, Vining Sparks reiterated a “buy” rating and issued a $118.00 target price on shares of Northern Trust in a research report on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company. Northern Trust presently has a consensus rating of “Hold” and an average price target of $104.81.
Shares of Northern Trust (NASDAQ:NTRS) traded down $2.15 during trading hours on Friday, hitting $104.63. 1,265,567 shares of the company’s stock were exchanged, compared to its average volume of 1,154,766. The firm has a market capitalization of $24,180.00, a PE ratio of 21.22, a price-to-earnings-growth ratio of 1.40 and a beta of 0.98. Northern Trust has a 52 week low of $83.17 and a 52 week high of $108.91. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.35.
In other news, COO Jana R. Schreuder sold 2,600 shares of the firm’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $99.02, for a total transaction of $257,452.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman William L. Morrison sold 30,000 shares of the firm’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $96.48, for a total transaction of $2,894,400.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 186,673 shares of company stock valued at $18,723,553. Insiders own 1.27% of the company’s stock.
Hedge funds have recently bought and sold shares of the business. Field & Main Bank purchased a new stake in Northern Trust during the fourth quarter valued at about $100,000. Cerebellum GP LLC purchased a new stake in Northern Trust during the fourth quarter valued at about $132,000. MPS Loria Financial Planners LLC purchased a new stake in Northern Trust during the second quarter valued at about $134,000. Hollencrest Capital Management purchased a new stake in Northern Trust during the fourth quarter valued at about $210,000. Finally, Cetera Investment Advisers purchased a new stake in Northern Trust during the second quarter valued at about $205,000. 81.33% of the stock is owned by institutional investors.
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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.
