Northern Trust (NASDAQ:NTRS) Price Target Raised to $108.00 at Wells Fargo & Company

Northern Trust (NASDAQ:NTRS) had its price objective upped by stock analysts at Wells Fargo & Company from $92.00 to $108.00 in a research note issued on Thursday, Benzinga reports. The firm presently has an “equal weight” rating on the asset manager’s stock. Wells Fargo & Company‘s price objective indicates a potential upside of 5.28% from the company’s current price.

NTRS has been the subject of a number of other reports. Morgan Stanley boosted their target price on shares of Northern Trust from $93.00 to $97.00 and gave the company an “underweight” rating in a research note on Monday, September 30th. The Goldman Sachs Group lowered Northern Trust from a “neutral” rating to a “sell” rating and reduced their target price for the company from $84.00 to $82.00 in a research report on Thursday, September 26th. Evercore ISI upped their price target on shares of Northern Trust from $86.00 to $103.00 and gave the company an “in-line” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft raised their target price on Northern Trust from $84.00 to $94.00 and gave the stock a “hold” rating in a research note on Monday, September 23rd. Finally, Barclays lifted their target price on Northern Trust from $98.00 to $115.00 and gave the stock an “equal weight” rating in a report on Thursday. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $96.25.

Northern Trust Trading Up 0.1 %

NTRS traded up $0.07 during trading hours on Thursday, reaching $102.58. 436,084 shares of the company’s stock traded hands, compared to its average volume of 1,303,194. The firm has a 50-day moving average price of $90.51 and a 200 day moving average price of $86.53. The firm has a market capitalization of $20.99 billion, a PE ratio of 22.64, a PEG ratio of 1.44 and a beta of 1.08. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.58. Northern Trust has a 52-week low of $62.44 and a 52-week high of $104.25.

Insider Transactions at Northern Trust

In other Northern Trust news, Director Charles A. Tribbett sold 1,855 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now directly owns 1,000 shares of the company’s stock, valued at $88,120. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, EVP Teresa Parker sold 5,883 shares of the firm’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $84.06, for a total transaction of $494,524.98. Following the completion of the sale, the executive vice president now directly owns 83,765 shares of the company’s stock, valued at approximately $7,041,285.90. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 completion of the sale, the director now owns 1,000 shares in the company, valued at approximately $88,120. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,738 shares of company stock valued at $1,191,388. Corporate insiders own 0.64% of the company’s stock.

Institutional Investors Weigh In On Northern Trust

A number of institutional investors have recently made changes to their positions in the stock. DekaBank Deutsche Girozentrale boosted its position in shares of Northern Trust by 0.4% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 43,871 shares of the asset manager’s stock worth $3,941,000 after purchasing an additional 158 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in Northern Trust by 8.4% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 15,807 shares of the asset manager’s stock worth $1,423,000 after acquiring an additional 1,219 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Northern Trust by 28.2% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,687 shares of the asset manager’s stock valued at $1,593,000 after acquiring an additional 3,894 shares during the period. Allworth Financial LP grew its position 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. Finally, Busey Bank grew its position in Northern Trust by 7.1% in the 3rd quarter. Busey Bank now owns 17,224 shares of the asset manager’s stock valued at $1,551,000 after acquiring an additional 1,145 shares in 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.