Morgan Stanley Lowers Northern Trust (NASDAQ:NTRS) Price Target to $132.00

Northern Trust (NASDAQ:NTRS - Get Free Report) had its price target reduced by research analysts at Morgan Stanley from $136.00 to $132.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has an "equal weight" rating on the asset manager's stock. Morgan Stanley's price target indicates a potential upside of 54.39% from the company's current price.

A number of other research analysts have also commented on NTRS. UBS Group upped their price target on Northern Trust from $110.00 to $114.00 and gave the stock a "neutral" rating in a report on Monday, January 27th. The Goldman Sachs Group upped their target price on shares of Northern Trust from $92.00 to $102.00 and gave the company a "sell" rating in a research note on Friday, January 24th. Wells Fargo & Company decreased their price target on shares of Northern Trust from $119.00 to $118.00 and set an "equal weight" rating on the stock in a research report on Friday, March 28th. Evercore ISI cut their price objective on shares of Northern Trust from $113.00 to $104.00 and set an "in-line" rating for the company in a research report on Tuesday, April 1st. Finally, StockNews.com downgraded Northern Trust from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Northern Trust has an average rating of "Hold" and an average target price of $112.31.

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Northern Trust Stock Performance

Shares of NASDAQ:NTRS traded down $0.51 during trading on Wednesday, reaching $85.50. The stock had a trading volume of 2,070,014 shares, compared to its average volume of 1,244,177. Northern Trust has a 52 week low of $78.12 and a 52 week high of $114.67. The stock has a fifty day simple moving average of $105.63 and a two-hundred day simple moving average of $103.17. The company has a quick ratio of 0.71, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $16.73 billion, a price-to-earnings ratio of 8.74, a P/E/G ratio of 1.72 and a beta of 1.10.

Northern Trust (NASDAQ:NTRS - Get Free Report) last released its quarterly earnings results on Thursday, January 23rd. The asset manager reported $2.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.96 by $0.30. Northern Trust had a net margin of 12.77% and a return on equity of 13.74%. As a group, analysts anticipate that Northern Trust will post 8.27 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Northern Trust news, EVP Thomas A. South sold 3,804 shares of Northern Trust stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $113.00, for a total value of $429,852.00. Following the completion of the transaction, the executive vice president now owns 81,794 shares in the company, valued at approximately $9,242,722. The trade was a 4.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jason J. Tyler sold 2,237 shares of the stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $112.67, for a total value of $252,042.79. Following the sale, the insider now owns 58,449 shares in the company, valued at $6,585,448.83. The trade was a 3.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 35,335 shares of company stock worth $3,970,211 in the last quarter. 0.77% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in NTRS. Y.D. More Investments Ltd increased its position in Northern Trust by 118.4% in the 4th quarter. Y.D. More Investments Ltd now owns 249 shares of the asset manager's stock valued at $26,000 after acquiring an additional 135 shares in the last quarter. Colonial Trust Co SC increased its holdings in shares of Northern Trust by 6,400.0% in the fourth quarter. Colonial Trust Co SC now owns 260 shares of the asset manager's stock valued at $27,000 after purchasing an additional 256 shares in the last quarter. Empirical Asset Management LLC bought a new position in Northern Trust in the 4th quarter worth approximately $33,000. Brooklyn Investment Group boosted its position in Northern Trust by 51.2% in the 4th quarter. Brooklyn Investment Group now owns 378 shares of the asset manager's stock valued at $39,000 after buying an additional 128 shares during the last quarter. Finally, Assetmark Inc. increased its stake in shares of Northern Trust by 528.3% in the 4th quarter. Assetmark Inc. now owns 377 shares of the asset manager's stock valued at $39,000 after buying an additional 317 shares during the period. Institutional investors and hedge funds own 83.19% of the company's stock.

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.