Northern Trust (NASDAQ:NTRS) Stock Price Expected to Rise, Barclays Analyst Says

Northern Trust (NASDAQ:NTRS) had its price target boosted by Barclays from $115.00 to $118.00 in a research report issued on Monday,Benzinga reports. The firm currently has an “equal weight” rating on the asset manager’s stock. Barclays‘s price target suggests a potential upside of 13.64% from the stock’s previous close.

Several other equities research analysts also recently commented on NTRS. Bank of America upped their target price on shares of Northern Trust from $103.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Morgan Stanley dropped their price objective on Northern Trust from $127.00 to $125.00 and set an “equal weight” rating on the stock in a research note on Friday. Royal Bank of Canada boosted their target price on Northern Trust from $100.00 to $107.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Evercore ISI increased their target price on Northern Trust from $86.00 to $103.00 and gave the stock an “in-line” rating in a research note on Thursday, October 24th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Northern Trust from $100.00 to $113.00 and gave the stock a “market perform” rating in a report on Tuesday, December 3rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Northern Trust currently has a consensus rating of “Hold” and an average price target of $106.91.

Northern Trust Trading Up 0.5 %

Shares of Northern Trust stock traded up $0.56 during trading on Monday, hitting $103.84. 325,261 shares of the company were exchanged, compared to its average volume of 713,612. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.71 and a quick ratio of 0.71. The firm has a market capitalization of $20.58 billion, a P/E ratio of 12.92, a price-to-earnings-growth ratio of 1.18 and a beta of 1.08. The firm’s fifty day moving average price is $105.59 and its 200 day moving average price is $94.49. Northern Trust has a 1-year low of $76.67 and a 1-year high of $111.87.

Insider Buying and Selling

In other news, Vice Chairman Steven L. Fradkin sold 27,874 shares of Northern Trust stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $100.50, for a total transaction of $2,801,337.00. Following the completion of the transaction, the insider now directly owns 46,078 shares in the company, valued at approximately $4,630,839. The trade was a 37.69 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Teresa Parker sold 4,439 shares of Northern Trust stock in a transaction on Friday, October 25th. The stock was sold at an average price of $100.86, for a total transaction of $447,717.54. Following the transaction, the insider now directly owns 79,326 shares of the company’s stock, valued at approximately $8,000,820.36. This trade represents a 5.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 82,151 shares of company stock worth $8,489,889. Insiders own 0.64% of the company’s stock.

Institutional Investors Weigh In On Northern Trust

Several hedge funds have recently bought and sold shares of NTRS. Northwest Investment Counselors LLC acquired a new stake in Northern Trust during the 3rd quarter worth approximately $39,000. Capital Performance Advisors LLP acquired a new stake in shares of Northern Trust during the third quarter worth $48,000. Eastern Bank acquired a new stake in shares of Northern Trust during the third quarter worth $51,000. Versant Capital Management Inc boosted its position in shares of Northern Trust by 34.9% in the fourth quarter. Versant Capital Management Inc now owns 684 shares of the asset manager’s stock valued at $70,000 after acquiring an additional 177 shares during the period. Finally, Catalyst Capital Advisors LLC bought a new position in Northern Trust during the third quarter worth about $68,000. 83.19% of the stock is currently owned by institutional investors and hedge funds.

About Northern Trust

Northern Trust Corporation, a financial holding company, provides wealth management, asset servicing, asset management, and banking solutions for corporations, institutions, families, and individuals worldwide. It operates in two segments, Asset Servicing and Wealth Management. The Asset Servicing segment offers asset servicing and related services, including custody, fund administration, investment operations outsourcing, investment management, investment risk and analytical services, employee benefit services, securities lending, foreign exchange, treasury management, brokerage services, transition management services, banking, and cash management services.