Northern Trust (NASDAQ:NTRS - Get Free Report) had its target price increased by equities researchers at Barclays from $115.00 to $118.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has an "equal weight" rating on the asset manager's stock. Barclays's target price would suggest a potential upside of 14.33% from the stock's previous close.
Other research analysts have also issued reports about the company. The Goldman Sachs Group cut shares of Northern Trust from a "neutral" rating to a "sell" rating and lowered their price target for the company from $84.00 to $82.00 in a report on Thursday, September 26th. StockNews.com raised Northern Trust from a "hold" rating to a "buy" rating in a report on Tuesday, December 10th. Keefe, Bruyette & Woods boosted their price target on Northern Trust from $100.00 to $113.00 and gave the company a "market perform" rating in a research note on Tuesday, December 3rd. Deutsche Bank Aktiengesellschaft increased their price objective on Northern Trust from $100.00 to $108.00 and gave the stock a "hold" rating in a research report on Monday, November 11th. Finally, Evercore ISI boosted their target price on shares of Northern Trust from $86.00 to $103.00 and gave the company an "in-line" rating in a research report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $106.91.
Get Our Latest Stock Report on Northern Trust
Northern Trust Stock Down 0.1 %
Shares of NASDAQ:NTRS traded down $0.07 during trading on Monday, hitting $103.21. 969,327 shares of the company were exchanged, compared to its average volume of 935,142. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.58. The firm has a fifty day moving average price of $105.62 and a two-hundred day moving average price of $94.64. Northern Trust has a fifty-two week low of $76.67 and a fifty-two week high of $111.87. The stock has a market cap of $20.46 billion, a price-to-earnings ratio of 12.84, a P/E/G ratio of 1.18 and a beta of 1.08.
Insider Activity at Northern Trust
In other Northern Trust news, Vice Chairman Steven L. Fradkin sold 27,874 shares of the company's stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $100.50, for a total value of $2,801,337.00. Following the sale, the insider now owns 46,078 shares in the company, valued at approximately $4,630,839. The trade was a 37.69 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Peter Cherecwich sold 16,153 shares of the firm's stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $105.18, for a total value of $1,698,972.54. Following the transaction, the chief operating officer now owns 4,397 shares of the company's stock, valued at $462,476.46. This trade represents a 78.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 82,151 shares of company stock valued at $8,489,889 in the last quarter. Insiders own 0.64% of the company's stock.
Hedge Funds Weigh In On Northern Trust
A number of hedge funds have recently bought and sold shares of the company. Neville Rodie & Shaw Inc. bought a new position in shares of Northern Trust during the 4th quarter worth approximately $256,000. Nordea Investment Management AB boosted its stake in Northern Trust by 6.6% during the fourth quarter. Nordea Investment Management AB now owns 15,345 shares of the asset manager's stock worth $1,576,000 after acquiring an additional 954 shares in the last quarter. Everence Capital Management Inc. grew its holdings in Northern Trust by 144.6% in the fourth quarter. Everence Capital Management Inc. now owns 14,937 shares of the asset manager's stock worth $1,531,000 after purchasing an additional 8,830 shares during the period. GAMMA Investing LLC increased its stake in Northern Trust by 18.9% in the fourth quarter. GAMMA Investing LLC now owns 4,268 shares of the asset manager's stock valued at $437,000 after purchasing an additional 677 shares in the last quarter. Finally, Versant Capital Management Inc increased its stake in Northern Trust by 34.9% in the fourth quarter. Versant Capital Management Inc now owns 684 shares of the asset manager's stock valued at $70,000 after purchasing an additional 177 shares in the last quarter. Institutional investors own 83.19% of the company's stock.
About Northern Trust
(
Get Free Report)
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.
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