Northern Trust (NASDAQ:NTRS) Given New $125.00 Price Target at Keefe, Bruyette & Woods

Key Points

• Keefe, Bruyette & Woods has raised Northern Trust's price target from $123.00 to $125.00, indicating a potential downside of 0.55% from its current price.
• Analysts' ratings on Northern Trust vary, with five rating it as a Buy, ten as a Hold, and three as a Sell, leading to a consensus rating of "Hold" and a price target of $130.71.
• Northern Trust recently reported quarterly earnings of $2.29 EPS, exceeding expectations and showing a 2.8% revenue increase from last year.

Northern Trust (NASDAQ:NTRS - Get Free Report) had its price objective increased by equities research analysts at Keefe, Bruyette & Woods from $123.00 to $125.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has an "underperform" rating on the asset manager's stock. Keefe, Bruyette & Woods' price target would indicate a potential downside of 0.55% from the company's current price.

NTRS has been the topic of a number of other reports. Zacks Research cut Northern Trust from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 9th. Citigroup raised their price target on Northern Trust from $110.00 to $135.00 and gave the stock a "neutral" rating in a research report on Friday, September 5th. Weiss Ratings restated a "buy (b-)" rating on shares of Northern Trust in a research report on Wednesday, October 8th. Wall Street Zen upgraded Northern Trust from a "sell" rating to a "hold" rating in a research report on Friday, September 26th. Finally, TD Cowen raised their price target on Northern Trust from $152.00 to $155.00 and gave the stock a "buy" rating in a research report on Thursday. Five analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $130.71.

Northern Trust Stock Performance

Northern Trust stock traded up $0.21 during mid-day trading on Thursday, hitting $125.69. 554,981 shares of the company's stock traded hands, compared to its average volume of 1,488,717. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.72 and a quick ratio of 0.72. The stock has a market cap of $24.04 billion, a price-to-earnings ratio of 14.79, a P/E/G ratio of 1.43 and a beta of 1.31. The firm has a 50 day simple moving average of $129.66 and a two-hundred day simple moving average of $117.33. Northern Trust has a fifty-two week low of $81.62 and a fifty-two week high of $135.48.

Northern Trust (NASDAQ:NTRS - Get Free Report) last released its quarterly earnings results on Wednesday, October 22nd. The asset manager reported $2.29 EPS for the quarter, beating the consensus estimate of $2.26 by $0.03. Northern Trust had a net margin of 11.75% and a return on equity of 14.06%. The business had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $2.02 billion. During the same period in the prior year, the company posted $2.22 earnings per share. Northern Trust's revenue was up 2.8% compared to the same quarter last year. On average, research analysts expect that Northern Trust will post 8.27 EPS for the current fiscal year.

Insider Transactions at Northern Trust

In related news, Director Robert Edward Jr. Moritz purchased 256 shares of the firm's stock in a transaction that occurred on Wednesday, August 13th. The stock was acquired at an average price of $126.34 per share, for a total transaction of $32,343.04. Following the completion of the acquisition, the director owned 2,525 shares of the company's stock, valued at $319,008.50. This represents a 11.28% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.77% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of NTRS. Vanguard Group Inc. lifted its position in shares of Northern Trust by 0.8% during the 2nd quarter. Vanguard Group Inc. now owns 22,593,674 shares of the asset manager's stock valued at $2,864,652,000 after buying an additional 188,472 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Northern Trust by 4.9% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 7,850,088 shares of the asset manager's stock valued at $774,411,000 after buying an additional 363,472 shares during the last quarter. Primecap Management Co. CA lifted its position in shares of Northern Trust by 19.5% during the 2nd quarter. Primecap Management Co. CA now owns 7,793,757 shares of the asset manager's stock valued at $988,170,000 after buying an additional 1,270,748 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Northern Trust by 3.7% during the 2nd quarter. Geode Capital Management LLC now owns 5,196,659 shares of the asset manager's stock valued at $656,229,000 after buying an additional 184,726 shares during the last quarter. Finally, Invesco Ltd. lifted its position in shares of Northern Trust by 1.7% during the 2nd quarter. Invesco Ltd. now owns 3,501,628 shares of the asset manager's stock valued at $443,971,000 after buying an additional 58,029 shares during the last quarter. Institutional investors own 83.19% of the company's stock.

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.

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