Northern Trust (NASDAQ:NTRS) Given New $122.00 Price Target at Keefe, Bruyette & Woods

Northern Trust (NASDAQ:NTRSGet Free Report) had its target price raised by equities research analysts at Keefe, Bruyette & Woods from $113.00 to $122.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has a “market perform” rating on the asset manager’s stock. Keefe, Bruyette & Woods’ price objective indicates a potential upside of 9.99% from the stock’s previous close.

NTRS has been the subject of several other research reports. Morgan Stanley lowered their price target on shares of Northern Trust from $127.00 to $125.00 and set an “equal weight” rating for the company in a research report on Friday, January 3rd. Bank of America raised their price target on shares of Northern Trust from $103.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Barclays boosted their price objective 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. UBS Group raised their target price on Northern Trust from $86.00 to $92.00 and gave the company a “neutral” rating in a research report on Tuesday, October 8th. Finally, StockNews.com lowered Northern Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Northern Trust presently has a consensus rating of “Hold” and an average target price of $110.75.

View Our Latest Research Report on Northern Trust

Northern Trust Price Performance

NTRS opened at $110.92 on Friday. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.58. The company’s 50-day moving average price is $105.89 and its 200 day moving average price is $96.59. Northern Trust has a fifty-two week low of $76.67 and a fifty-two week high of $111.87. The firm has a market cap of $21.99 billion, a price-to-earnings ratio of 13.80, a price-to-earnings-growth ratio of 1.22 and a beta of 1.08.

Northern Trust (NASDAQ:NTRSGet Free Report) last announced its quarterly earnings results on Thursday, January 23rd. The asset manager reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $0.30. Northern Trust had a return on equity of 12.75% and a net margin of 10.92%. As a group, sell-side analysts expect that Northern Trust will post 7.56 earnings per share for the current year.

Insider Transactions at Northern Trust

In other Northern Trust news, COO Peter Cherecwich sold 16,153 shares of Northern Trust stock in a transaction that occurred on Thursday, November 7th. The shares were 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 in the company, valued at approximately $462,476.46. The trade was a 78.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Vice Chairman Steven L. Fradkin sold 9,100 shares of the stock in a transaction on Friday, November 29th. The shares were sold at an average price of $111.00, for a total value of $1,010,100.00. Following the sale, the insider now owns 47,797 shares of the company’s stock, valued at $5,305,467. This trade represents a 15.99 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 30,253 shares of company stock valued at $3,238,073 in the last quarter. Insiders own 0.64% of the company’s stock.

Institutional Trading of Northern Trust

Institutional investors and hedge funds have recently bought and sold shares of the stock. Mercer Global Advisors Inc. ADV raised its holdings in shares of Northern Trust by 7.2% during the second quarter. Mercer Global Advisors Inc. ADV now owns 7,487 shares of the asset manager’s stock valued at $629,000 after acquiring an additional 500 shares during the period. Pacer Advisors Inc. lifted its holdings in shares of Northern Trust by 4.5% in the second quarter. Pacer Advisors Inc. now owns 14,809 shares of the asset manager’s stock valued at $1,244,000 after purchasing an additional 632 shares in the last quarter. ProShare Advisors LLC boosted its position in shares of Northern Trust by 2.2% in the second quarter. ProShare Advisors LLC now owns 54,590 shares of the asset manager’s stock worth $4,584,000 after buying an additional 1,172 shares during the period. Public Sector Pension Investment Board grew its holdings in shares of Northern Trust by 6.8% during the second quarter. Public Sector Pension Investment Board now owns 34,791 shares of the asset manager’s stock valued at $2,922,000 after buying an additional 2,201 shares in the last quarter. Finally, Evergreen Capital Management LLC raised its position in Northern Trust by 8.2% during the second quarter. Evergreen Capital Management LLC now owns 5,025 shares of the asset manager’s stock valued at $426,000 after buying an additional 380 shares during the period. Institutional investors and hedge funds 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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