Barclays Issues Positive Forecast for Northern Trust (NASDAQ:NTRS) Stock Price

Northern Trust (NASDAQ:NTRS) had its target price lifted by analysts at Barclays from $115.00 to $118.00 in a research report issued on Monday,Benzinga reports. The firm presently has an “equal weight” rating on the asset manager’s stock. Barclays‘s price objective would indicate a potential upside of 14.84% from the stock’s previous close.

A number of other research analysts also recently issued reports on NTRS. UBS Group boosted their price target on Northern Trust from $86.00 to $92.00 and gave the company a “neutral” rating in a report on Tuesday, October 8th. Royal Bank of Canada boosted their target price on Northern Trust from $100.00 to $107.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. StockNews.com upgraded Northern Trust from a “hold” rating to a “buy” rating in a report on Tuesday, December 10th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Northern Trust from $100.00 to $108.00 and gave the company a “hold” rating in a report on Monday, November 11th. Finally, Morgan Stanley decreased their price objective on shares of Northern Trust from $127.00 to $125.00 and set an “equal weight” rating for the company in a report on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $107.17.

Northern Trust Price Performance

Shares of Northern Trust stock opened at $102.75 on Monday. The company’s fifty day simple moving average is $105.63 and its two-hundred day simple moving average is $94.78. Northern Trust has a 12-month low of $76.67 and a 12-month high of $111.87. The firm has a market cap of $20.37 billion, a PE ratio of 12.78, a price-to-earnings-growth ratio of 1.18 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.

Insiders Place Their Bets

In other Northern Trust news, Vice Chairman Steven L. Fradkin sold 9,100 shares of the stock in a transaction on Friday, November 29th. The stock was sold at an average price of $111.00, for a total transaction of $1,010,100.00. Following the sale, the insider now directly owns 47,797 shares in the company, valued at approximately $5,305,467. This trade represents a 15.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Teresa Parker sold 4,439 shares of the business’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $100.86, for a total value of $447,717.54. Following the completion of the transaction, the insider now owns 79,326 shares of the company’s stock, valued at $8,000,820.36. This represents a 5.30 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 82,151 shares of company stock valued at $8,489,889. 0.64% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Northern Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its position in Northern Trust by 9.9% in the third quarter. JPMorgan Chase & Co. now owns 4,296,442 shares of the asset manager’s stock worth $386,809,000 after acquiring an additional 388,692 shares during the period. Kovitz Investment Group Partners LLC raised its holdings in Northern Trust by 68.1% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 13,765 shares of the asset manager’s stock worth $1,239,000 after purchasing an additional 5,578 shares during the period. Martingale Asset Management L P lifted its position in Northern Trust by 8.4% during the third quarter. Martingale Asset Management L P now owns 59,118 shares of the asset manager’s stock valued at $5,322,000 after purchasing an additional 4,564 shares in the last quarter. Verition Fund Management LLC grew its holdings in Northern Trust by 327.1% during the third quarter. Verition Fund Management LLC now owns 28,510 shares of the asset manager’s stock valued at $2,567,000 after purchasing an additional 21,835 shares during the period. Finally, Magnetar Financial LLC bought a new position in shares of Northern Trust in the second quarter worth about $3,666,000. Hedge funds and other institutional investors 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.