Northern Trust (NTRS) PT Raised to $114.00 at Barclays

Northern Trust (NASDAQ:NTRS) had its price objective upped by equities research analysts at Barclays from $102.00 to $114.00 in a research note issued to investors on Tuesday. The firm presently has an “equal weight” rating on the asset manager’s stock. Barclays’ target price would indicate a potential upside of 14.13% from the stock’s current price.

A number of other brokerages have also recently issued reports on NTRS. Zacks Investment Research raised shares of Northern Trust from a “hold” rating to a “buy” rating and set a $110.00 price objective for the company in a research note on Tuesday, December 19th. Buckingham Research raised their price objective on shares of Northern Trust from $95.00 to $97.00 and gave the company a “neutral” rating in a research note on Thursday, October 19th. UBS Group raised their price target on shares of Northern Trust from $100.00 to $109.00 and gave the company a “buy” rating in a report on Thursday, October 19th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $110.00 price objective on shares of Northern Trust in a research report on Friday, December 22nd. Finally, Wells Fargo & Co set a $105.00 target price on shares of Northern Trust and gave the stock a “hold” rating in a report on Wednesday, December 20th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $99.86.

Shares of Northern Trust (NASDAQ:NTRS) traded down $0.43 during midday trading on Tuesday, reaching $99.89. 637,500 shares of the company were exchanged, compared to its average volume of 1,125,010. Northern Trust has a fifty-two week low of $81.92 and a fifty-two week high of $101.46. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.71 and a quick ratio of 0.71. The company has a market capitalization of $22,717.09, a P/E ratio of 22.10, a PEG ratio of 2.13 and a beta of 0.97.

Northern Trust (NASDAQ:NTRS) last posted its earnings results on Wednesday, October 18th. The asset manager reported $1.20 EPS for the quarter, topping the consensus estimate of $1.12 by $0.08. Northern Trust had a net margin of 20.27% and a return on equity of 12.33%. The company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same period in the previous year, the firm posted $1.11 earnings per share. The firm’s revenue for the quarter was up 11.2% on a year-over-year basis. analysts anticipate that Northern Trust will post 4.69 earnings per share for the current year.

In other news, Vice Chairman William L. Morrison sold 11,058 shares of Northern Trust stock in a transaction on Wednesday, October 25th. The stock was sold at an average price of $94.34, for a total transaction of $1,043,211.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Jana R. Schreuder sold 18,489 shares of Northern Trust stock in a transaction on Monday, December 4th. The shares were sold at an average price of $99.20, for a total value of $1,834,108.80. The disclosure for this sale can be found here. In the last three months, insiders sold 324,382 shares of company stock worth $31,276,013. Corporate insiders own 1.27% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Pacer Advisors Inc. raised its holdings in Northern Trust by 8.4% during the second quarter. Pacer Advisors Inc. now owns 5,219 shares of the asset manager’s stock valued at $507,000 after buying an additional 403 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Northern Trust by 0.7% during the second quarter. Principal Financial Group Inc. now owns 337,497 shares of the asset manager’s stock valued at $32,808,000 after purchasing an additional 2,298 shares in the last quarter. Pinnacle Associates Ltd. boosted its holdings in shares of Northern Trust by 4.1% in the 2nd quarter. Pinnacle Associates Ltd. now owns 17,608 shares of the asset manager’s stock worth $1,712,000 after acquiring an additional 700 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of Northern Trust by 0.5% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 16,033 shares of the asset manager’s stock worth $1,559,000 after acquiring an additional 80 shares in the last quarter. Finally, Cortland Advisers LLC boosted its holdings in shares of Northern Trust by 355.3% in the 2nd quarter. Cortland Advisers LLC now owns 302,078 shares of the asset manager’s stock worth $29,365,000 after acquiring an additional 235,727 shares in the last quarter. Institutional investors and hedge funds own 81.69% of the company’s stock.

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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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