Northern Trust (NASDAQ:NTRS) had its target price hoisted by equities researchers at Deutsche Bank from $100.00 to $108.00 in a research report issued to clients and investors on Friday. The brokerage presently has a “buy” rating on the asset manager’s stock. Deutsche Bank’s target price indicates a potential upside of 13.73% from the stock’s current price.
Other analysts also recently issued reports about the company. BidaskClub raised Northern Trust from a “sell” rating to a “hold” rating in a research note on Friday. Buckingham Research raised Northern Trust from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $104.00 to $115.00 in a research note on Thursday. Zacks Investment Research raised Northern Trust from a “sell” rating to a “hold” rating in a research note on Tuesday. ValuEngine downgraded Northern Trust from a “hold” rating to a “sell” rating in a research note on Monday, February 25th. Finally, Credit Suisse Group reissued a “hold” rating and issued a $101.00 price objective on shares of Northern Trust in a research note on Tuesday, February 19th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $111.75.
NTRS stock traded up $0.48 during trading on Friday, reaching $94.97. 1,042,971 shares of the stock were exchanged, compared to its average volume of 1,264,393. Northern Trust has a twelve month low of $75.96 and a twelve month high of $115.61. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.64 and a current ratio of 0.64. The company has a market cap of $19.69 billion, a P/E ratio of 14.11, a price-to-earnings-growth ratio of 1.27 and a beta of 1.07.
Northern Trust (NASDAQ:NTRS) last posted its quarterly earnings results on Wednesday, January 23rd. The asset manager reported $1.82 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.19. Northern Trust had a return on equity of 16.62% and a net margin of 23.37%. The business had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same period in the prior year, the business earned $1.51 EPS. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. Equities analysts predict that Northern Trust will post 6.6 earnings per share for the current year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. First Mercantile Trust Co. raised its position in Northern Trust by 63.6% during the fourth quarter. First Mercantile Trust Co. now owns 360 shares of the asset manager’s stock valued at $30,000 after purchasing an additional 140 shares in the last quarter. Synovus Financial Corp raised its position in Northern Trust by 66.0% during the fourth quarter. Synovus Financial Corp now owns 503 shares of the asset manager’s stock valued at $43,000 after purchasing an additional 200 shares in the last quarter. Exane Asset Management purchased a new stake in Northern Trust during the fourth quarter valued at about $44,000. Rehmann Capital Advisory Group increased its holdings in shares of Northern Trust by 161.3% in the third quarter. Rehmann Capital Advisory Group now owns 473 shares of the asset manager’s stock worth $48,000 after buying an additional 292 shares during the period. Finally, Kaizen Advisory LLC grew its stake in shares of Northern Trust by 20.3% in the fourth quarter. Kaizen Advisory LLC now owns 645 shares of the asset manager’s stock worth $54,000 after purchasing an additional 109 shares during the last quarter. Institutional investors and hedge funds own 77.28% of the company’s stock.
About Northern Trust
Northern Trust Corporation, a financial holding company, provides asset servicing, fund administration, asset management, fiduciary, and banking solutions for corporations, institutions, families, and individuals worldwide. It operates through Corporate & Institutional Services (C&IS) and Wealth Management segments.
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