Northern Trust (NASDAQ:NTRS) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Northern Trust (NASDAQ:NTRS) had its price target raised by Keefe, Bruyette & Woods from $100.00 to $113.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has a “market perform” rating on the asset manager’s stock. Keefe, Bruyette & Woods’ target price points to a potential upside of 3.89% from the company’s current price.

A number of other equities analysts have also issued reports on the stock. Wells Fargo & Company increased their target price on shares of Northern Trust from $108.00 to $110.00 and gave the company an “equal weight” rating in a research report on Friday, November 15th. StockNews.com cut Northern Trust from a “buy” rating to a “hold” rating in a report on Wednesday, November 27th. Barclays increased their price target on Northern Trust from $98.00 to $115.00 and gave the company an “equal weight” rating in a research note on Thursday, October 24th. The Goldman Sachs Group downgraded Northern Trust from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $84.00 to $82.00 in a research note on Thursday, September 26th. Finally, Morgan Stanley lifted their target price on Northern Trust from $97.00 to $103.00 and gave the stock an “underweight” rating in a report on Thursday, October 24th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $103.00.

Northern Trust Stock Down 0.5 %

NTRS opened at $108.77 on Tuesday. The stock’s 50 day moving average price is $100.82 and its 200 day moving average price is $91.11. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.71 and a quick ratio of 0.71. The stock has a market cap of $21.56 billion, a P/E ratio of 13.53, a P/E/G ratio of 1.24 and a beta of 1.07. Northern Trust has a 12 month low of $76.67 and a 12 month high of $111.87.

Insider Activity

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 transaction, the insider now directly owns 46,078 shares of the company’s stock, valued at $4,630,839. This represents a 37.69 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Charles A. Tribbett sold 1,855 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $88.12, for a total value of $163,462.60. Following the completion of the sale, the director now directly owns 1,000 shares of the company’s stock, valued at approximately $88,120. The trade was a 64.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 84,006 shares of company stock worth $8,653,352 in the last 90 days. Company insiders own 0.64% of the company’s stock.

Institutional Trading of Northern Trust

Large investors have recently added to or reduced their stakes in the business. Innealta Capital LLC acquired a new position in shares of Northern Trust during the 2nd quarter valued at about $26,000. Ridgewood Investments LLC acquired a new stake in shares of Northern Trust in the second quarter worth $30,000. Northwest Investment Counselors LLC bought a new stake in shares of Northern Trust during the 3rd quarter worth $39,000. Capital Performance Advisors LLP acquired a new position in Northern Trust in the 3rd quarter valued at $48,000. Finally, Eastern Bank bought a new position in Northern Trust in the 3rd quarter worth $51,000. 83.19% of the stock is 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.