Northern Trust (NASDAQ:NTRS) Stock Price Expected to Rise, UBS Group Analyst Says

Northern Trust (NASDAQ:NTRS) had its target price increased by investment analysts at UBS Group from $110.00 to $114.00 in a report issued on Monday,Benzinga reports. The firm presently has a “neutral” rating on the asset manager’s stock. UBS Group’s price objective would suggest a potential upside of 1.41% from the stock’s previous close.

A number of other research analysts have also issued reports on NTRS. Keefe, Bruyette & Woods boosted their price objective on Northern Trust from $113.00 to $122.00 and gave the company a “market perform” rating in a research report on Friday, January 24th. Bank of America lifted their price target on Northern Trust from $103.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. The Goldman Sachs Group increased their target price on shares of Northern Trust from $92.00 to $102.00 and gave the company a “sell” rating in a research note on Friday, January 24th. Wells Fargo & Company lifted their price target on Northern Trust from $108.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Friday, November 15th. Finally, Morgan Stanley decreased 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 report on Friday, January 3rd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $112.58.

Northern Trust Stock Performance

NASDAQ NTRS opened at $112.41 on Monday. The business’s 50-day simple moving average is $105.94 and its 200-day simple moving average is $96.93. The firm has a market capitalization of $22.28 billion, a P/E ratio of 13.98, a P/E/G ratio of 1.22 and a beta of 1.08. Northern Trust has a 1-year low of $76.67 and a 1-year high of $113.12. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.71 and a quick ratio of 0.71.

Northern Trust (NASDAQ:NTRS) last released 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 net margin of 10.92% and a return on equity of 12.75%. Equities analysts predict that Northern Trust will post 7.56 EPS for the current year.

Insider Transactions at Northern Trust

In other news, Vice Chairman Steven L. Fradkin sold 9,100 shares of the business’s stock in a transaction that occurred 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. The trade was a 15.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Peter Cherecwich sold 16,153 shares of the company’s stock in a transaction 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 completion of the transaction, the chief operating officer now owns 4,397 shares of the company’s stock, valued at $462,476.46. The trade was a 78.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 30,253 shares of company stock worth $3,238,073. 0.64% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Northern Trust

Large investors have recently bought and sold shares of the business. Ballentine Partners LLC raised its stake in shares of Northern Trust by 4.4% during the fourth quarter. Ballentine Partners LLC now owns 2,483 shares of the asset manager’s stock worth $255,000 after buying an additional 105 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Northern Trust by 9.9% during the 3rd 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 position in shares of Northern Trust by 68.1% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 13,765 shares of the asset manager’s stock valued at $1,239,000 after acquiring an additional 5,578 shares during the last quarter. Agate Pass Investment Management LLC acquired a new position in shares of Northern Trust in the 4th quarter valued at $538,000. Finally, Martingale Asset Management L P boosted its position in shares of Northern Trust by 8.4% in the 3rd quarter. Martingale Asset Management L P now owns 59,118 shares of the asset manager’s stock worth $5,322,000 after purchasing an additional 4,564 shares during the last quarter. 83.19% of the stock is currently owned by institutional investors.

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.