Northern Trust (NASDAQ:NTRS) Given New $118.00 Price Target at Barclays

Northern Trust (NASDAQ:NTRS) had its target price increased by analysts at Barclays from $115.00 to $118.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has an “equal weight” rating on the asset manager’s stock. Barclays‘s target price suggests a potential upside of 13.64% from the stock’s previous close.

Other analysts have also issued reports about the stock. UBS Group increased their target price on shares of Northern Trust from $86.00 to $92.00 and gave the company a “neutral” rating in a research note on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft lifted their target price on Northern Trust from $100.00 to $108.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Keefe, Bruyette & Woods upped their target price on Northern Trust from $100.00 to $113.00 and gave the company a “market perform” rating in a report on Tuesday, December 3rd. Morgan Stanley dropped their price target on Northern Trust from $127.00 to $125.00 and set an “equal weight” rating on the stock in a research note on Friday. Finally, Royal Bank of Canada upped their price objective on shares of Northern Trust from $100.00 to $107.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Northern Trust presently has a consensus rating of “Hold” and a consensus target price of $106.91.

Northern Trust Price Performance

NASDAQ:NTRS traded up $0.56 during mid-day trading on Monday, reaching $103.84. 325,261 shares of the stock were exchanged, compared to its average volume of 713,612. 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 business has a fifty day moving average price of $105.59 and a 200 day moving average price of $94.49. Northern Trust has a 1-year low of $76.67 and a 1-year high of $111.87. The firm has a market capitalization of $20.58 billion, a PE ratio of 12.92, a PEG ratio of 1.18 and a beta of 1.08.

Insider Buying and Selling at Northern Trust

In other Northern Trust news, Vice Chairman Steven L. Fradkin sold 27,874 shares of the business’s stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $100.50, for a total value of $2,801,337.00. Following the completion of the sale, the insider now directly owns 46,078 shares of the company’s stock, valued at $4,630,839. The trade was a 37.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Thomas A. South sold 5,000 shares of the firm’s stock in a transaction on 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 owns 49,756 shares in the company, valued at $5,264,184.80. This represents a 9.13 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 82,151 shares of company stock worth $8,489,889 over the last 90 days. 0.64% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. increased its stake in Northern Trust by 9.9% during the third quarter. JPMorgan Chase & Co. now owns 4,296,442 shares of the asset manager’s stock valued at $386,809,000 after acquiring an additional 388,692 shares during the period. Kovitz Investment Group Partners LLC increased its holdings in Northern Trust by 68.1% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 13,765 shares of the asset manager’s stock valued at $1,239,000 after purchasing an additional 5,578 shares in the last quarter. Martingale Asset Management L P raised its holdings in shares of Northern Trust by 8.4% in the third quarter. Martingale Asset Management L P now owns 59,118 shares of the asset manager’s stock valued at $5,322,000 after buying an additional 4,564 shares during the last quarter. Verition Fund Management LLC raised its stake in shares of Northern Trust by 327.1% in the third quarter. Verition Fund Management LLC now owns 28,510 shares of the asset manager’s stock worth $2,567,000 after acquiring an additional 21,835 shares during the last quarter. Finally, Magnetar Financial LLC acquired a new position in Northern Trust during the 2nd quarter worth $3,666,000. Institutional investors own 83.19% of the company’s stock.

About Northern Trust

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.