Northern Trust (NTRS) Given a $105.00 Price Target at Wells Fargo & Company

Northern Trust (NASDAQ:NTRS) has been assigned a $105.00 target price by stock analysts at Wells Fargo & Company in a report released on Wednesday. The firm presently has a “hold” rating on the asset manager’s stock. Wells Fargo & Company’s price target suggests a potential upside of 7.12% from the company’s current price.

Several other research firms have also issued reports on NTRS. Zacks Investment Research lowered shares of Northern Trust from a “hold” rating to a “sell” rating in a report on Tuesday, August 22nd. UBS upgraded shares of Northern Trust from a “neutral” rating to a “buy” rating and boosted their target price for the company from $92.00 to $100.00 in a report on Friday, September 8th. Citigroup restated a “neutral” rating and issued a $92.00 target price (up previously from $90.00) on shares of Northern Trust in a report on Monday, October 9th. Buckingham Research boosted their target price on shares of Northern Trust from $95.00 to $97.00 and gave the company a “neutral” rating in a report on Thursday, October 19th. Finally, Morgan Stanley boosted their target price on shares of Northern Trust from $83.00 to $91.00 and gave the company an “underweight” rating in a report on Thursday, October 19th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $98.14.

Northern Trust (NASDAQ:NTRS) opened at $98.02 on Wednesday. The company has a market cap of $22,421.45, a price-to-earnings ratio of 21.53, a PEG ratio of 2.10 and a beta of 0.96. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.71 and a current ratio of 0.71. Northern Trust has a fifty-two week low of $81.92 and a fifty-two week high of $99.66.

Northern Trust (NASDAQ:NTRS) last issued its quarterly earnings results on Wednesday, October 18th. The asset manager reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.08. The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.35 billion. Northern Trust had a net margin of 20.27% and a return on equity of 12.33%. Northern Trust’s revenue was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.11 earnings per share. research analysts forecast that Northern Trust will post 4.68 EPS for the current year.

In other Northern Trust news, EVP Aileen B. Blake sold 1,000 shares of the company’s stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $92.00, for a total value of $92,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Vice Chairman William L. Morrison sold 30,000 shares of the company’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $96.48, for a total transaction of $2,894,400.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 433,382 shares of company stock valued at $41,304,013. 1.27% of the stock is currently owned by insiders.

A number of hedge funds have recently modified their holdings of NTRS. Salem Investment Counselors Inc. boosted its stake in Northern Trust by 8.3% in the second quarter. Salem Investment Counselors Inc. now owns 1,083 shares of the asset manager’s stock valued at $105,000 after acquiring an additional 83 shares during the last quarter. Dupont Capital Management Corp purchased a new position in Northern Trust in the second quarter valued at about $107,000. MPS Loria Financial Planners LLC purchased a new position in Northern Trust in the second quarter valued at about $134,000. Bessemer Group Inc. boosted its stake in Northern Trust by 16.9% in the second quarter. Bessemer Group Inc. now owns 1,461 shares of the asset manager’s stock valued at $143,000 after acquiring an additional 211 shares during the last quarter. Finally, Sun Life Financial INC boosted its stake in Northern Trust by 15,740.0% in the second quarter. Sun Life Financial INC now owns 1,584 shares of the asset manager’s stock valued at $154,000 after acquiring an additional 1,574 shares during the last quarter. 81.69% of the stock is owned by institutional investors and hedge funds.

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Northern Trust Company Profile

Northern Trust Corporation is a financial holding company. The Company provides asset servicing, fund administration, asset management, fiduciary and banking solutions for corporations, institutions, families and individuals across the world. Its segments include Corporate & Institutional Services (C&IS), Wealth Management, and Treasury and Other.

Analyst Recommendations for Northern Trust (NASDAQ:NTRS)

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