Northern Trust (NASDAQ:NTRS)‘s stock had its “buy” rating reiterated by research analysts at Jefferies Group in a research report issued to clients and investors on Friday. They presently have a $122.00 price target on the asset manager’s stock. Jefferies Group’s price objective suggests a potential upside of 16.79% from the stock’s current price.
A number of other research analysts have also recently commented on NTRS. Zacks Investment Research upgraded Northern Trust from a “hold” rating to a “buy” rating and set a $110.00 price target on the stock in a research note on Tuesday, December 19th. Wells Fargo set a $105.00 price target on Northern Trust and gave the stock a “hold” rating in a research note on Wednesday, December 20th. Keefe, Bruyette & Woods restated a “hold” rating and set a $110.00 price target on shares of Northern Trust in a research note on Friday, December 22nd. Barclays upped their price target on Northern Trust from $102.00 to $114.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 2nd. Finally, Sandler O’Neill restated a “hold” rating and set a $105.00 price target on shares of Northern Trust in a research note on Wednesday, January 10th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $108.13.
NTRS opened at $104.46 on Friday. Northern Trust has a one year low of $84.93 and a one year high of $110.81. The company has a market capitalization of $23,640.97, a P/E ratio of 21.63, a price-to-earnings-growth ratio of 1.38 and a beta of 0.95. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.71 and a current ratio of 0.71.
In related news, Director Dean M. Harrison acquired 1,000 shares of Northern Trust stock in a transaction dated Saturday, December 15th. The shares were acquired at an average cost of $72.98 per share, for a total transaction of $72,980.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Aileen B. Blake sold 3,000 shares of the stock in a transaction on Friday, January 26th. The shares were sold at an average price of $105.32, for a total value of $315,960.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 189,459 shares of company stock worth $20,188,431. Insiders own 1.04% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in NTRS. Field & Main Bank acquired a new stake in shares of Northern Trust in the fourth quarter valued at $100,000. Truewealth LLC acquired a new stake in shares of Northern Trust in the fourth quarter valued at $110,000. Cerebellum GP LLC acquired a new stake in shares of Northern Trust in the fourth quarter valued at $132,000. Mission Wealth Management LP acquired a new stake in shares of Northern Trust in the fourth quarter valued at $200,000. Finally, Hollencrest Capital Management acquired a new stake in shares of Northern Trust in the fourth quarter valued at $210,000. Institutional investors and hedge funds own 79.74% of the company’s stock.
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Northern Trust Company Profile
Northern Trust Corporation, a financial holding company, provides asset servicing, fund administration, asset management, fiduciary, and banking solutions for corporations, institutions, families, and individuals worldwide. It operates through Corporate & Institutional Services (C&IS) and Wealth Management segments.
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