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

Northern Trust (NASDAQ:NTRS) had its price target boosted by investment analysts at Barclays from $98.00 to $115.00 in a report issued on Thursday, Benzinga reports. The brokerage currently has an “equal weight” rating on the asset manager’s stock. Barclays‘s price objective suggests a potential upside of 14.78% from the stock’s current price.

Several other research firms also recently weighed in on NTRS. The Goldman Sachs Group downgraded Northern Trust from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $84.00 to $82.00 in a research report on Thursday, September 26th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Northern Trust from $84.00 to $94.00 and gave the company a “hold” rating in a report on Monday, September 23rd. UBS Group lifted their price target on shares of Northern Trust from $86.00 to $92.00 and gave the stock a “neutral” rating in a report on Tuesday, October 8th. 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 research note on Thursday, July 18th. Finally, Keefe, Bruyette & Woods lowered their target price on shares of Northern Trust from $92.00 to $85.00 and set a “market perform” rating for the company in a research note on Thursday, June 27th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Northern Trust presently has an average rating of “Hold” and a consensus price target of $99.33.

Northern Trust Stock Down 2.5 %

NTRS stock opened at $100.19 on Thursday. 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 12 month low of $63.43 and a 12 month high of $104.25. The firm has a market capitalization of $20.50 billion, a PE ratio of 22.12, a P/E/G ratio of 1.65 and a beta of 1.08. The company’s 50 day simple moving average is $90.84 and its 200-day simple moving average is $86.64.

Insider Buying and Selling

In other Northern Trust news, Director Charles A. Tribbett sold 1,855 shares of the business’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 transaction of $163,462.60. Following the completion of the sale, the director now directly owns 1,000 shares in the company, valued at $88,120. 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 through this hyperlink. In related news, EVP Mark C. Gossett sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $88.90, for a total transaction of $533,400.00. Following the transaction, the executive vice president now directly owns 28,707 shares of the company’s stock, valued at approximately $2,552,052.30. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Charles A. Tribbett sold 1,855 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $88.12, for a total value of $163,462.60. Following the completion of the transaction, the director now owns 1,000 shares of the company’s stock, valued at approximately $88,120. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,738 shares of company stock valued at $1,191,388. 0.64% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. CANADA LIFE ASSURANCE Co increased its stake in Northern Trust by 6.8% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 360,640 shares of the asset manager’s stock worth $32,111,000 after buying an additional 23,020 shares during the period. Sequoia Financial Advisors LLC lifted its stake in shares of Northern Trust by 557.8% in the first quarter. Sequoia Financial Advisors LLC now owns 30,813 shares of the asset manager’s stock worth $2,740,000 after acquiring an additional 26,129 shares in the last quarter. Bessemer Group Inc. boosted its holdings in Northern Trust by 668.0% in the first quarter. Bessemer Group Inc. now owns 20,205 shares of the asset manager’s stock valued at $1,797,000 after purchasing an additional 17,574 shares during the last quarter. AIA Group Ltd grew its stake in Northern Trust by 4.3% during the 1st quarter. AIA Group Ltd now owns 602,785 shares of the asset manager’s stock valued at $53,600,000 after purchasing an additional 24,791 shares in the last quarter. Finally, Intech Investment Management LLC increased its holdings in Northern Trust by 1,891.1% during the 1st quarter. Intech Investment Management LLC now owns 56,845 shares of the asset manager’s stock worth $5,055,000 after purchasing an additional 53,990 shares during the last quarter. 83.19% of the stock is 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.