Northern Trust (NASDAQ:NTRS) Stock Rating Upgraded by StockNews.com

Northern Trust (NASDAQ:NTRS) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Friday.

NTRS has been the subject of a number of other reports. Barclays upped their price target on Northern Trust from $115.00 to $118.00 and gave the company an “equal weight” rating in a report on Monday, January 6th. UBS Group upped their target price on shares of Northern Trust from $86.00 to $92.00 and gave the company a “neutral” rating in a report on Tuesday, October 8th. Bank of America boosted their price target on shares of Northern Trust from $103.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Truist Financial raised their price objective on Northern Trust from $110.00 to $116.00 and gave the stock a “hold” rating in a report on Friday. Finally, The Goldman Sachs Group boosted their target price on Northern Trust from $92.00 to $102.00 and gave the company a “sell” rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $110.75.

Northern Trust Price Performance

Shares of NTRS opened at $110.92 on Friday. The firm has a market capitalization of $21.99 billion, a price-to-earnings ratio of 13.80, a PEG ratio of 1.22 and a beta of 1.08. The firm’s fifty day simple moving average is $105.89 and its 200-day simple moving average is $96.59. Northern Trust has a twelve month low of $76.67 and a twelve month high of $111.87. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.58.

Northern Trust (NASDAQ:NTRS) last posted its quarterly earnings results on Thursday, January 23rd. The asset manager reported $2.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.96 by $0.30. Northern Trust had a return on equity of 12.75% and a net margin of 10.92%. Equities analysts forecast that Northern Trust will post 7.56 EPS for the current fiscal year.

Insider Transactions at Northern Trust

In other news, EVP Thomas A. South sold 5,000 shares of the business’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $105.80, for a total transaction of $529,000.00. Following the transaction, the executive vice president now directly owns 49,756 shares in the company, valued at $5,264,184.80. The trade was a 9.13 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Peter Cherecwich sold 16,153 shares of the firm’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $105.18, for a total transaction of $1,698,972.54. Following the completion of the sale, the chief operating officer now owns 4,397 shares of the company’s stock, valued at approximately $462,476.46. The trade was a 78.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 30,253 shares of company stock worth $3,238,073 over the last 90 days. 0.64% of the stock is currently owned by insiders.

Institutional Trading of Northern Trust

A number of institutional investors have recently modified their holdings of NTRS. Boston Trust Walden Corp boosted its holdings in Northern Trust by 1.6% during the fourth quarter. Boston Trust Walden Corp now owns 928,854 shares of the asset manager’s stock worth $95,208,000 after buying an additional 14,362 shares in the last quarter. Chicago Capital LLC boosted its stake in shares of Northern Trust by 2.8% during the 4th quarter. Chicago Capital LLC now owns 13,617 shares of the asset manager’s stock worth $1,396,000 after acquiring an additional 365 shares in the last quarter. Greenleaf Trust grew its holdings in shares of Northern Trust by 9.2% in the 4th quarter. Greenleaf Trust now owns 13,963 shares of the asset manager’s stock worth $1,431,000 after acquiring an additional 1,177 shares during the period. Independence Bank of Kentucky increased its stake in Northern Trust by 453.3% in the 4th quarter. Independence Bank of Kentucky now owns 2,075 shares of the asset manager’s stock valued at $213,000 after purchasing an additional 1,700 shares in the last quarter. Finally, Chicago Partners Investment Group LLC raised its holdings in Northern Trust by 17.7% during the fourth quarter. Chicago Partners Investment Group LLC now owns 2,311 shares of the asset manager’s stock worth $236,000 after purchasing an additional 348 shares during the last quarter. 83.19% of the stock is currently owned by hedge funds and other 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.