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.
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.
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