Northern Trust (NASDAQ:NTRS) PT Raised to $103.00

Northern Trust (NASDAQ:NTRS - Get Free Report) had its price objective boosted by research analysts at Jefferies Financial Group from $101.00 to $103.00 in a report released on Thursday, Benzinga reports. The brokerage currently has a "buy" rating on the asset manager's stock. Jefferies Financial Group's target price would indicate a potential upside of 26.52% from the company's previous close.

Other research analysts have also issued research reports about the stock. Wolfe Research lowered shares of Northern Trust from a "peer perform" rating to an "underperform" rating and set a $85.00 price target for the company. in a research report on Wednesday, January 3rd. Barclays raised their target price on Northern Trust from $90.00 to $98.00 and gave the stock an "equal weight" rating in a research report on Tuesday, January 2nd. Morgan Stanley reiterated an "underweight" rating and set a $86.00 price objective (up from $82.00) on shares of Northern Trust in a research note on Tuesday, January 30th. Royal Bank of Canada boosted their target price on shares of Northern Trust from $82.00 to $86.00 and gave the company an "outperform" rating in a research note on Friday, January 19th. Finally, Evercore ISI upped their target price on shares of Northern Trust from $86.00 to $87.00 and gave the stock an "in-line" rating in a report on Thursday, April 4th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $84.92.

Northern Trust Stock Performance

Northern Trust stock traded up $0.18 during mid-day trading on Thursday, reaching $81.41. The company had a trading volume of 1,404,455 shares, compared to its average volume of 1,512,283. The company has a 50 day moving average of $83.23 and a 200-day moving average of $78.84. Northern Trust has a 52 week low of $62.44 and a 52 week high of $89.25. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.61. The firm has a market cap of $16.61 billion, a price-to-earnings ratio of 17.97, a PEG ratio of 1.64 and a beta of 1.13.

Northern Trust (NASDAQ:NTRS - Get Free Report) last released its quarterly earnings data on Thursday, January 18th. The asset manager reported $0.52 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.33 by ($0.81). The firm had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.71 billion. Northern Trust had a net margin of 7.59% and a return on equity of 12.57%. The business's revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.65 earnings per share. On average, sell-side analysts expect that Northern Trust will post 6.57 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Steven L. Fradkin sold 30,392 shares of the business's stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $80.11, for a total transaction of $2,434,703.12. Following the completion of the sale, the insider now directly owns 55,707 shares of the company's stock, valued at $4,462,687.77. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.64% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Deutsche Bank AG grew its holdings in shares of Northern Trust by 8.1% during the third quarter. Deutsche Bank AG now owns 597,143 shares of the asset manager's stock worth $41,489,000 after buying an additional 44,516 shares in the last quarter. Financiere des Professionnels Fonds d investissement inc. grew its stake in shares of Northern Trust by 51.3% during the 4th quarter. Financiere des Professionnels Fonds d investissement inc. now owns 70,384 shares of the asset manager's stock worth $5,939,000 after acquiring an additional 23,859 shares in the last quarter. HB Wealth Management LLC acquired a new stake in shares of Northern Trust in the fourth quarter valued at approximately $227,000. Nordea Investment Management AB lifted its position in shares of Northern Trust by 2.4% in the third quarter. Nordea Investment Management AB now owns 12,962 shares of the asset manager's stock worth $907,000 after purchasing an additional 305 shares in the last quarter. Finally, Pathstone Family Office LLC acquired a new position in Northern Trust during the third quarter worth $715,000. 83.19% of the stock is currently owned by institutional investors.

Northern Trust Company Profile

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.