Northern Trust’s (NTRS) Buy Rating Reaffirmed at Jefferies Group

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.

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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.

Northern Trust (NASDAQ:NTRS) last released its quarterly earnings results on Wednesday, January 24th. The asset manager reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.30 by $0.05. Northern Trust had a return on equity of 12.77% and a net margin of 20.98%. The company had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.41 billion. During the same period in the prior year, the firm earned $1.11 earnings per share. The firm’s revenue was up 15.6% compared to the same quarter last year. analysts anticipate that Northern Trust will post 6.1 EPS for the current year.

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.

Analyst Recommendations for Northern Trust (NASDAQ:NTRS)

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