Northern Trust (NASDAQ:NTRS) PT Raised to $115.00 at Barclays

Northern Trust (NASDAQ:NTRS) had its price objective upped by Barclays from $98.00 to $115.00 in a report released on Thursday, Benzinga reports. The firm presently has an “equal weight” rating on the asset manager’s stock. Barclays‘s target price would suggest a potential upside of 12.18% from the stock’s previous close.

A number of other equities analysts have also commented on NTRS. Morgan Stanley boosted their price objective on shares of Northern Trust from $93.00 to $97.00 and gave the stock an “underweight” rating in a report on Monday, September 30th. Keefe, Bruyette & Woods cut their price target on shares of Northern Trust from $92.00 to $85.00 and set a “market perform” rating on the stock in a report on Thursday, June 27th. The Goldman Sachs Group downgraded Northern Trust from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $84.00 to $82.00 in a research note on Thursday, September 26th. Royal Bank of Canada lifted their target price on Northern Trust from $86.00 to $90.00 and gave the stock an “outperform” rating in a research report on Thursday, July 18th. Finally, UBS Group raised their price target on shares of Northern Trust from $86.00 to $92.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 8th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Northern Trust has a consensus rating of “Hold” and an average price target of $93.73.

Northern Trust Trading Up 7.0 %

NASDAQ:NTRS opened at $102.51 on Thursday. The business’s 50-day moving average is $90.51 and its two-hundred day moving average is $86.53. The firm has a market capitalization of $20.97 billion, a PE ratio of 22.63, a price-to-earnings-growth ratio of 1.44 and a beta of 1.08. Northern Trust has a 12 month low of $62.44 and a 12 month high of $104.25. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.71 and a quick ratio of 0.71.

Insider Transactions at Northern Trust

In other news, Director Charles A. Tribbett sold 1,855 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $88.12, for a total transaction of $163,462.60. Following the transaction, the director now owns 1,000 shares in the company, valued at approximately $88,120. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Northern Trust news, EVP Mark C. Gossett sold 6,000 shares of the business’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $88.90, for a total value of $533,400.00. Following the transaction, the executive vice president now directly owns 28,707 shares in the company, valued at $2,552,052.30. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Charles A. Tribbett sold 1,855 shares of the firm’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $88.12, for a total value of $163,462.60. Following the sale, the director now directly owns 1,000 shares of the company’s stock, valued at $88,120. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,738 shares of company stock worth $1,191,388. Insiders own 0.64% of the company’s stock.

Hedge Funds Weigh In On Northern Trust

Large investors have recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC boosted its position in shares of Northern Trust by 8.4% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 15,807 shares of the asset manager’s stock worth $1,423,000 after purchasing an additional 1,219 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Northern Trust by 28.2% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,687 shares of the asset manager’s stock valued at $1,593,000 after purchasing an additional 3,894 shares in the last quarter. Allworth Financial LP lifted its stake in Northern Trust by 9.1% in the 3rd quarter. Allworth Financial LP now owns 1,170 shares of the asset manager’s stock valued at $105,000 after acquiring an additional 98 shares in the last quarter. Busey Bank boosted its holdings in Northern Trust by 7.1% during the third quarter. Busey Bank now owns 17,224 shares of the asset manager’s stock worth $1,551,000 after purchasing an additional 1,145 shares during the last quarter. Finally, IFM Investors Pty Ltd boosted its stake in shares of Northern Trust by 1.3% during the 3rd quarter. IFM Investors Pty Ltd now owns 47,938 shares of the asset manager’s stock worth $4,316,000 after buying an additional 594 shares during the last quarter. 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.