Deutsche Bank Increases Northern Trust (NTRS) Price Target to $111.00

Northern Trust (NASDAQ:NTRS) had its price target upped by Deutsche Bank from $109.00 to $111.00 in a research report issued to clients and investors on Friday. The firm currently has a “hold” rating on the asset manager’s stock. Deutsche Bank’s price objective suggests a potential upside of 9.72% from the company’s previous close.

Several other research analysts have also commented on NTRS. Jefferies Group reiterated a “buy” rating and issued a $122.00 price target on shares of Northern Trust in a research report on Friday. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $108.00 price target on shares of Northern Trust in a research report on Thursday. Sandler O’Neill reiterated a “hold” rating and issued a $105.00 price target on shares of Northern Trust in a research report on Wednesday, January 10th. Goldman Sachs upgraded Northern Trust from a “neutral” rating to a “buy” rating and set a $121.00 price target for the company in a research report on Monday, April 2nd. Finally, Vining Sparks reiterated a “buy” rating and issued a $118.00 price target on shares of Northern Trust in a research report on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $109.25.

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Shares of Northern Trust stock opened at $101.17 on Friday. The stock has a market cap of $23,564.27, a PE ratio of 20.95, a PEG ratio of 1.37 and a beta of 0.95. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.35. Northern Trust has a twelve month low of $84.93 and a twelve month high of $110.81.

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 the Thomson Reuters’ consensus estimate of $1.30 by $0.05. The company had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.41 billion. Northern Trust had a return on equity of 12.77% and a net margin of 20.98%. The firm’s revenue was up 15.6% on a year-over-year basis. During the same quarter last year, the business posted $1.11 earnings per share. analysts anticipate that Northern Trust will post 6.1 earnings per share for the current fiscal year.

In related news, Director Dean M. Harrison purchased 1,000 shares of the firm’s stock in a transaction dated Saturday, December 15th. The stock was purchased at an average price of $72.98 per share, with a total value of $72,980.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Aileen B. Blake sold 3,000 shares of Northern Trust stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $105.32, for a total transaction of $315,960.00. The disclosure for this sale can be found here. Insiders have sold 189,459 shares of company stock valued at $20,188,431 in the last 90 days. Company insiders own 1.04% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Raymond James Trust N.A. raised its stake in shares of Northern Trust by 15.9% during the fourth quarter. Raymond James Trust N.A. now owns 3,629 shares of the asset manager’s stock valued at $362,000 after acquiring an additional 498 shares in the last quarter. Steward Partners Investment Advisory LLC raised its stake in shares of Northern Trust by 18.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,232 shares of the asset manager’s stock valued at $322,000 after acquiring an additional 500 shares in the last quarter. OLD National Bancorp IN raised its stake in shares of Northern Trust by 7.7% during the fourth quarter. OLD National Bancorp IN now owns 7,010 shares of the asset manager’s stock valued at $701,000 after acquiring an additional 500 shares in the last quarter. Standard Life Aberdeen plc raised its stake in shares of Northern Trust by 0.9% during the fourth quarter. Standard Life Aberdeen plc now owns 56,584 shares of the asset manager’s stock valued at $5,653,000 after acquiring an additional 515 shares in the last quarter. Finally, Cornerstone Advisors Inc. raised its stake in shares of Northern Trust by 30.6% during the fourth quarter. Cornerstone Advisors Inc. now owns 2,324 shares of the asset manager’s stock valued at $232,000 after acquiring an additional 545 shares in the last quarter. 79.74% of the stock is owned by hedge funds and other institutional investors.

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About Northern Trust

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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