Wells Fargo & Company Lowers Northern Trust (NASDAQ:NTRS) Price Target to $118.00

Northern Trust (NASDAQ:NTRS - Get Free Report) had its price objective dropped by stock analysts at Wells Fargo & Company from $119.00 to $118.00 in a report issued on Friday,Benzinga reports. The firm presently has an "equal weight" rating on the asset manager's stock. Wells Fargo & Company's price objective suggests a potential upside of 19.61% from the stock's current price.

NTRS has been the topic of a number of other reports. The Goldman Sachs Group raised their price target on shares of Northern Trust from $92.00 to $102.00 and gave the stock a "sell" rating in a research report on Friday, January 24th. Keefe, Bruyette & Woods lifted their target price on Northern Trust from $113.00 to $122.00 and gave the company a "market perform" rating in a research note on Friday, January 24th. Royal Bank of Canada increased their price target on Northern Trust from $107.00 to $115.00 and gave the stock an "outperform" rating in a research report on Friday, January 24th. Morgan Stanley cut their price target on Northern Trust from $138.00 to $136.00 and set an "equal weight" rating on the stock in a report on Thursday, March 6th. Finally, Barclays increased their target price on Northern Trust from $115.00 to $118.00 and gave the stock an "equal weight" rating in a research report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, Northern Trust presently has a consensus rating of "Hold" and an average price target of $113.46.

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Northern Trust Stock Up 1.5 %

NTRS stock traded up $1.50 during trading on Friday, reaching $98.65. The stock had a trading volume of 1,792,556 shares, compared to its average volume of 1,230,706. The firm has a fifty day moving average price of $107.04 and a 200 day moving average price of $102.99. The company has a current ratio of 0.68, a quick ratio of 0.71 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $19.31 billion, a P/E ratio of 10.09, a PEG ratio of 1.72 and a beta of 1.07. Northern Trust has a 1-year low of $79.32 and a 1-year high of $114.67.

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 for the quarter, topping 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%. On average, equities analysts anticipate that Northern Trust will post 8.27 earnings per share for the current year.

Insider Activity at Northern Trust

In other Northern Trust news, EVP Jane Karpinski sold 2,262 shares of the business's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $111.33, for a total value of $251,828.46. Following the transaction, the executive vice president now owns 17,236 shares in the company, valued at $1,918,883.88. The trade was a 11.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Thomas A. South sold 3,804 shares of the firm's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $113.00, for a total value of $429,852.00. Following the sale, the executive vice president now directly owns 81,794 shares of the company's stock, valued at $9,242,722. This trade represents a 4.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 35,335 shares of company stock valued at $3,970,211 over the last ninety days. Insiders own 0.77% of the company's stock.

Hedge Funds Weigh In On Northern Trust

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

About Northern Trust

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.