Northern Trust (NTRS) Downgraded by BidaskClub

Northern Trust (NASDAQ:NTRS) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

A number of other research analysts have also recently commented on NTRS. Zacks Investment Research cut Northern Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. UBS Group boosted their price objective on Northern Trust from $100.00 to $109.00 and gave the stock a “buy” rating in a research note on Thursday, October 19th. Buckingham Research boosted their price objective on Northern Trust from $95.00 to $97.00 and gave the stock a “neutral” rating in a research note on Thursday, October 19th. Morgan Stanley boosted their price objective on Northern Trust from $83.00 to $91.00 and gave the stock an “underweight” rating in a research note on Thursday, October 19th. Finally, Bank of America set a $102.00 price objective on Northern Trust and gave the stock a “buy” rating in a research note on Thursday, October 19th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the stock. Northern Trust presently has an average rating of “Hold” and a consensus price target of $104.81.

Northern Trust (NASDAQ NTRS) opened at $97.38 on Friday. The company has a market capitalization of $22,420.00, a PE ratio of 19.75, a price-to-earnings-growth ratio of 1.28 and a beta of 0.98. Northern Trust has a one year low of $83.17 and a one year high of $108.91. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.71 and a current ratio of 0.71.

Northern Trust (NASDAQ:NTRS) last issued its quarterly earnings data on Wednesday, January 24th. The asset manager reported $1.35 EPS for the quarter, topping the Zacks’ consensus estimate of $1.30 by $0.05. The company had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.41 billion. Northern Trust had a return on equity of 12.77% and a net margin of 20.98%. The firm’s quarterly revenue was up 15.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.11 earnings per share. sell-side analysts expect that Northern Trust will post 6.02 EPS for the current year.

In related news, CEO Frederick H. Waddell sold 44,658 shares of the business’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $97.95, for a total value of $4,374,251.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Wilson Leech sold 8,958 shares of the business’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $106.17, for a total value of $951,070.86. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 186,673 shares of company stock worth $18,723,553. Corporate insiders own 1.27% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Field & Main Bank bought a new stake in Northern Trust in the fourth quarter valued at about $100,000. Cerebellum GP LLC bought a new stake in Northern Trust in the fourth quarter valued at about $132,000. MPS Loria Financial Planners LLC bought a new stake in Northern Trust in the second quarter valued at about $134,000. Mission Wealth Management LP bought a new stake in Northern Trust in the fourth quarter valued at about $200,000. Finally, Legacy Capital Partners Inc. bought a new stake in Northern Trust in the fourth quarter valued at about $210,000. 81.31% of the stock is owned by hedge funds and other 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.

Analyst Recommendations for Northern Trust (NASDAQ:NTRS)

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