Northern Trust (NASDAQ:NTRS) Shares Gap Up to $79.56

Northern Trust Co. (NASDAQ:NTRS - Get Free Report)'s share price gapped up prior to trading on Wednesday . The stock had previously closed at $79.56, but opened at $81.29. Northern Trust shares last traded at $81.82, with a volume of 215,243 shares traded.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on NTRS shares. Barclays boosted their target price on Northern Trust from $90.00 to $98.00 and gave the stock an "equal weight" rating in a report on Tuesday, January 2nd. Wolfe Research lowered shares of Northern Trust from a "peer perform" rating to an "underperform" rating and set a $85.00 price objective for the company. in a research report on Wednesday, January 3rd. Evercore ISI boosted their price objective on Northern Trust from $86.00 to $87.00 and gave the stock an "in-line" rating in a research note on Thursday, April 4th. UBS Group boosted their price target on Northern Trust from $72.00 to $84.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 9th. Finally, Royal Bank of Canada increased their price objective on shares of Northern Trust from $82.00 to $86.00 and gave the company an "outperform" rating in a research report on Friday, January 19th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, Northern Trust presently has an average rating of "Hold" and an average target price of $84.58.

Northern Trust Stock Up 2.1 %

The company has a debt-to-equity ratio of 0.62, a current ratio of 0.71 and a quick ratio of 0.71. The stock has a market capitalization of $16.57 billion, a price-to-earnings ratio of 15.99, a PEG ratio of 1.73 and a beta of 1.13. The firm's fifty day moving average is $83.12 and its 200-day moving average is $78.80.

Northern Trust (NASDAQ:NTRS - Get Free Report) last released its earnings results on Tuesday, April 16th. The asset manager reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.23. Northern Trust had a net margin of 9.14% and a return on equity of 12.44%. The company had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.79 billion. On average, sell-side analysts predict that Northern Trust Co. will post 6.57 earnings per share for the current year.

Insider Buying and Selling at Northern Trust

In other Northern Trust news, insider Steven L. Fradkin sold 30,392 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $80.11, for a total transaction of $2,434,703.12. Following the transaction, the insider now owns 55,707 shares of the company's stock, valued at approximately $4,462,687.77. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.64% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of NTRS. Spartan Planning & Wealth Management raised its stake in Northern Trust by 10,566.7% during the fourth quarter. Spartan Planning & Wealth Management now owns 320 shares of the asset manager's stock worth $27,000 after acquiring an additional 317 shares during the period. Fortitude Family Office LLC bought a new stake in shares of Northern Trust in the 4th quarter worth approximately $28,000. Quent Capital LLC lifted its holdings in shares of Northern Trust by 77.8% in the 4th quarter. Quent Capital LLC now owns 361 shares of the asset manager's stock worth $30,000 after purchasing an additional 158 shares during the last quarter. Allworth Financial LP boosted its position in Northern Trust by 94.1% during the 4th quarter. Allworth Financial LP now owns 359 shares of the asset manager's stock valued at $30,000 after purchasing an additional 174 shares during the period. Finally, Belpointe Asset Management LLC grew its stake in Northern Trust by 84.5% during the 1st quarter. Belpointe Asset Management LLC now owns 393 shares of the asset manager's stock worth $35,000 after buying an additional 180 shares during the last quarter. 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.