Deutsche Bank Aktiengesellschaft Issues Positive Forecast for Northern Trust (NASDAQ:NTRS) Stock Price

Northern Trust (NASDAQ:NTRS - Get Free Report) had its price objective boosted by Deutsche Bank Aktiengesellschaft from $100.00 to $108.00 in a report issued on Monday,Benzinga reports. The brokerage presently has a "hold" rating on the asset manager's stock. Deutsche Bank Aktiengesellschaft's target price would indicate a potential upside of 1.17% from the stock's previous close.

NTRS has been the topic of a number of other research reports. Wells Fargo & Company raised their target price on Northern Trust from $92.00 to $108.00 and gave the stock an "equal weight" rating in a report on Thursday, October 24th. Evercore ISI raised their price target on Northern Trust from $86.00 to $103.00 and gave the stock an "in-line" rating in a research report on Thursday, October 24th. Royal Bank of Canada raised their price target on Northern Trust from $100.00 to $107.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. UBS Group raised their price target on Northern Trust from $86.00 to $92.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 8th. Finally, Morgan Stanley raised their price target on Northern Trust from $97.00 to $103.00 and gave the stock an "underweight" rating in a research report on Thursday, October 24th. Three analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, Northern Trust has a consensus rating of "Hold" and a consensus target price of $100.50.

Northern Trust Trading Up 1.5 %

NTRS traded up $1.57 during midday trading on Monday, reaching $106.75. 794,847 shares of the company were exchanged, compared to its average volume of 1,301,697. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.71 and a current ratio of 0.71. Northern Trust has a one year low of $69.98 and a one year high of $108.53. The stock has a market capitalization of $21.16 billion, a P/E ratio of 13.37, a PEG ratio of 1.22 and a beta of 1.06. The stock's 50-day simple moving average is $93.94 and its 200 day simple moving average is $88.11.

Insiders Place Their Bets

In other news, COO Peter Cherecwich sold 16,153 shares of Northern Trust stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $105.18, for a total transaction of $1,698,972.54. Following the completion of the transaction, the chief operating officer now directly owns 4,397 shares in the company, valued at approximately $462,476.46. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, COO Peter Cherecwich sold 16,153 shares of Northern Trust stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $105.18, for a total transaction of $1,698,972.54. Following the completion of the transaction, the chief operating officer now directly owns 4,397 shares in the company, valued at approximately $462,476.46. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Charles A. Tribbett sold 1,855 shares of Northern Trust stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $88.12, for a total value of $163,462.60. Following the transaction, the director now owns 1,000 shares of the company's stock, valued at $88,120. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 80,906 shares of company stock valued at $8,176,652 in the last 90 days. 0.64% of the stock is currently owned by insiders.

Institutional Trading of Northern Trust

Several institutional investors have recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA boosted its stake in Northern Trust by 13.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 7,413,620 shares of the asset manager's stock valued at $622,596,000 after purchasing an additional 850,556 shares during the period. Primecap Management Co. CA boosted its stake in Northern Trust by 0.5% in the 3rd quarter. Primecap Management Co. CA now owns 7,085,117 shares of the asset manager's stock valued at $637,873,000 after purchasing an additional 38,360 shares during the period. Ariel Investments LLC boosted its stake in Northern Trust by 3.6% in the 2nd quarter. Ariel Investments LLC now owns 2,644,205 shares of the asset manager's stock valued at $222,060,000 after purchasing an additional 91,816 shares during the period. Dimensional Fund Advisors LP boosted its stake in Northern Trust by 12.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,003,675 shares of the asset manager's stock valued at $168,253,000 after purchasing an additional 219,387 shares during the period. Finally, Thrivent Financial for Lutherans boosted its stake in Northern Trust by 2.0% in the 2nd quarter. Thrivent Financial for Lutherans now owns 1,401,680 shares of the asset manager's stock valued at $117,713,000 after purchasing an additional 26,984 shares during the period. 83.19% of the stock is currently owned by institutional investors.

Northern Trust Company Profile

Northern Trust Corporation, a financial holding company, provides wealth management, asset servicing, asset management, and banking solutions for corporations, institutions, families, and individuals worldwide. It operates in two segments, Asset Servicing and Wealth Management. The Asset Servicing segment offers asset servicing and related services, including custody, fund administration, investment operations outsourcing, investment management, investment risk and analytical services, employee benefit services, securities lending, foreign exchange, treasury management, brokerage services, transition management services, banking, and cash management services.