Northern Trust (NASDAQ:NTRS) Hits New 1-Year High – Still a Buy?

Shares of Northern Trust Co. (NASDAQ:NTRS) reached a new 52-week high during trading on Wednesday . The stock traded as high as $100.51 and last traded at $100.51, with a volume of 13209 shares trading hands. The stock had previously closed at $95.79.

Analyst Upgrades and Downgrades

A number of brokerages have commented on NTRS. UBS Group lifted their price objective on shares of Northern Trust from $86.00 to $92.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 8th. Keefe, Bruyette & Woods reduced their price objective on Northern Trust from $92.00 to $85.00 and set a “market perform” rating on the stock in a research note on Thursday, June 27th. The Goldman Sachs Group lowered Northern Trust from a “neutral” rating to a “sell” rating and lowered their price objective for the company from $84.00 to $82.00 in a research note on Thursday, September 26th. Royal Bank of Canada boosted their target price on Northern Trust from $86.00 to $90.00 and gave the company an “outperform” rating in a research report on Thursday, July 18th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Northern Trust from $84.00 to $94.00 and gave the stock a “hold” rating in a research report on Monday, September 23rd. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $92.18.

Northern Trust Stock Up 7.0 %

The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.58. The firm has a market cap of $20.96 billion, a PE ratio of 22.74, a P/E/G ratio of 1.44 and a beta of 1.08. The business’s 50-day simple moving average is $90.15 and its 200 day simple moving average is $86.42.

Insider Buying and Selling

In other Northern Trust news, Director Charles A. Tribbett sold 1,855 shares of Northern Trust stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $88.12, for a total value of $163,462.60. Following the transaction, the director now 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Charles A. Tribbett sold 1,855 shares of the company’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $88.12, for a total transaction of $163,462.60. Following the transaction, the director now directly owns 1,000 shares of the company’s stock, valued at approximately $88,120. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Mark C. Gossett sold 6,000 shares of the firm’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $88.90, for a total value of $533,400.00. Following the completion of the sale, the executive vice president now directly owns 28,707 shares of the company’s stock, valued at $2,552,052.30. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,738 shares of company stock valued at $1,191,388 over the last 90 days. Corporate insiders own 0.64% of the company’s stock.

Institutional Trading of Northern Trust

Several large investors have recently bought and sold shares of NTRS. Massmutual Trust Co. FSB ADV lifted its stake in shares of Northern Trust by 14.5% during the third quarter. Massmutual Trust Co. FSB ADV now owns 922 shares of the asset manager’s stock worth $83,000 after buying an additional 117 shares during the period. DekaBank Deutsche Girozentrale lifted its position in Northern Trust by 0.3% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 43,713 shares of the asset manager’s stock worth $3,608,000 after acquiring an additional 120 shares during the period. Allspring Global Investments Holdings LLC grew its stake in Northern Trust by 1.3% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 10,584 shares of the asset manager’s stock valued at $889,000 after purchasing an additional 131 shares during the last quarter. Koshinski Asset Management Inc. increased its holdings in shares of Northern Trust by 2.4% in the third quarter. Koshinski Asset Management Inc. now owns 6,488 shares of the asset manager’s stock valued at $584,000 after purchasing an additional 153 shares during the period. Finally, OLD National Bancorp IN raised its stake in shares of Northern Trust by 2.3% in the third quarter. OLD National Bancorp IN now owns 6,920 shares of the asset manager’s stock worth $623,000 after purchasing an additional 156 shares during the last quarter. Hedge funds and other 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.