Northern Trust (NASDAQ:NTRS) PT Raised to $115.00 at Barclays

Northern Trust (NASDAQ:NTRS) had its price objective increased by investment analysts at Barclays from $98.00 to $115.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has an “equal weight” rating on the asset manager’s stock. Barclays‘s target price would indicate a potential upside of 14.78% from the stock’s previous close.

A number of other brokerages also recently weighed in on NTRS. Royal Bank of Canada boosted their price target on Northern Trust from $86.00 to $90.00 and gave the company an “outperform” rating in a report on Thursday, July 18th. Morgan Stanley increased their target price on shares of Northern Trust from $93.00 to $97.00 and gave the stock an “underweight” rating in a report on Monday, September 30th. UBS Group lifted their price target on shares of Northern Trust from $86.00 to $92.00 and gave the company a “neutral” rating in a report on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Northern Trust from $84.00 to $94.00 and gave the stock a “hold” rating in a research note on Monday, September 23rd. Finally, Keefe, Bruyette & Woods decreased their target price on Northern Trust from $92.00 to $85.00 and set a “market perform” rating for the company in a research note on Thursday, June 27th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $99.33.

Northern Trust Stock Down 2.5 %

Shares of Northern Trust stock opened at $100.19 on Thursday. The business has a 50-day moving average price of $90.84 and a 200 day moving average price of $86.64. Northern Trust has a fifty-two week low of $63.43 and a fifty-two week high of $104.25. The firm has a market cap of $20.50 billion, a P/E ratio of 22.12, a P/E/G ratio of 1.65 and a beta of 1.08. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.58.

Insider Activity at Northern Trust

In other Northern Trust news, Director Charles A. Tribbett sold 1,855 shares of the business’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $88.12, for a total transaction of $163,462.60. Following the completion of the transaction, the director now owns 1,000 shares in the company, valued at approximately $88,120. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Northern Trust news, Director Charles A. Tribbett sold 1,855 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $88.12, for a total transaction of $163,462.60. Following the transaction, the director now owns 1,000 shares of the company’s stock, valued at approximately $88,120. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Teresa Parker sold 5,883 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $84.06, for a total transaction of $494,524.98. Following the completion of the sale, the executive vice president now directly owns 83,765 shares of the company’s stock, valued at approximately $7,041,285.90. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 13,738 shares of company stock worth $1,191,388 in the last three months. 0.64% of the stock is owned by company insiders.

Hedge Funds Weigh In On Northern Trust

Hedge funds have recently modified their holdings of the company. CANADA LIFE ASSURANCE Co boosted its stake in Northern Trust by 6.8% during the first quarter. CANADA LIFE ASSURANCE Co now owns 360,640 shares of the asset manager’s stock valued at $32,111,000 after buying an additional 23,020 shares in the last quarter. Sequoia Financial Advisors LLC raised its position in Northern Trust by 557.8% in the first quarter. Sequoia Financial Advisors LLC now owns 30,813 shares of the asset manager’s stock worth $2,740,000 after acquiring an additional 26,129 shares in the last quarter. Bessemer Group Inc. lifted its holdings in Northern Trust by 668.0% in the 1st quarter. Bessemer Group Inc. now owns 20,205 shares of the asset manager’s stock valued at $1,797,000 after acquiring an additional 17,574 shares during the last quarter. AIA Group Ltd boosted its position in shares of Northern Trust by 4.3% during the 1st quarter. AIA Group Ltd now owns 602,785 shares of the asset manager’s stock valued at $53,600,000 after purchasing an additional 24,791 shares in the last quarter. Finally, Intech Investment Management LLC grew its stake in shares of Northern Trust by 1,891.1% in the 1st quarter. Intech Investment Management LLC now owns 56,845 shares of the asset manager’s stock worth $5,055,000 after purchasing an additional 53,990 shares during the last quarter. 83.19% of the stock is currently owned by institutional investors and hedge funds.

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.