Northern Trust (NASDAQ:NTRS) Price Target Raised to $103.00

Northern Trust (NASDAQ:NTRS) had its target price lifted by research analysts at Evercore ISI from $86.00 to $103.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage presently has an “in-line” rating on the asset manager’s stock. Evercore ISI’s price target suggests a potential upside of 2.80% from the stock’s previous close.

Several other equities analysts also recently issued reports on NTRS. Royal Bank of Canada upped their price objective on shares of Northern Trust from $86.00 to $90.00 and gave the company an “outperform” rating in a report on Thursday, July 18th. The Goldman Sachs Group cut shares of 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 report on Thursday, September 26th. Morgan Stanley lifted their price objective on shares of Northern Trust from $93.00 to $97.00 and gave the stock an “underweight” rating in a research note on Monday, September 30th. Keefe, Bruyette & Woods cut their target price on Northern Trust from $92.00 to $85.00 and set a “market perform” rating on the stock in a research report on Thursday, June 27th. Finally, UBS Group lifted their price target on 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, seven have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Northern Trust presently has a consensus rating of “Hold” and a consensus price target of $99.33.

Northern Trust Trading Down 2.5 %

Shares of NASDAQ:NTRS opened at $100.19 on Thursday. The business’s 50-day moving average is $90.84 and its 200 day moving average is $86.64. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.71 and a quick ratio of 0.71. Northern Trust has a 1 year low of $63.43 and a 1 year high of $104.25. The firm has a market capitalization of $20.50 billion, a P/E ratio of 22.12, a P/E/G ratio of 1.65 and a beta of 1.08.

Insider Activity at Northern Trust

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

Hedge Funds Weigh In On Northern Trust

Large investors have recently bought and sold shares of the business. Olistico Wealth LLC purchased a new stake in shares of Northern Trust in the second quarter valued at approximately $25,000. Innealta Capital LLC acquired a new stake in Northern Trust in the 2nd quarter valued at $26,000. Ridgewood Investments LLC purchased a new stake in Northern Trust in the 2nd quarter worth $30,000. Versant Capital Management Inc raised its position in Northern Trust by 343.9% during the second quarter. Versant Capital Management Inc now owns 435 shares of the asset manager’s stock worth $37,000 after acquiring an additional 337 shares during the period. Finally, Northwest Investment Counselors LLC purchased a new position in Northern Trust during the third quarter valued at $39,000. Institutional investors and hedge funds own 83.19% of the company’s stock.

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.