Northern Trust (NASDAQ:NTRS) Downgraded by StockNews.com to Hold

Northern Trust (NASDAQ:NTRS) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.

Other analysts also recently issued reports about the company. Wells Fargo & Company increased their price objective on Northern Trust from $108.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Friday, November 15th. UBS Group increased their price target on Northern Trust from $86.00 to $92.00 and gave the company a “neutral” rating in a research report on Tuesday, October 8th. Barclays lifted their price objective on shares of Northern Trust from $115.00 to $118.00 and gave the stock an “equal weight” rating in a report on Monday, January 6th. Truist Financial assumed coverage on shares of Northern Trust in a report on Tuesday, January 7th. They issued a “hold” rating and a $110.00 target price for the company. Finally, Royal Bank of Canada boosted their price target on shares of Northern Trust from $100.00 to $107.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Northern Trust presently has a consensus rating of “Hold” and a consensus target price of $107.17.

Northern Trust Stock Up 1.3 %

Shares of NASDAQ:NTRS traded up $1.31 during midday trading on Tuesday, hitting $101.63. 1,240,259 shares of the company’s stock were exchanged, compared to its average volume of 1,061,220. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.71 and a quick ratio of 0.71. Northern Trust has a 12 month low of $76.67 and a 12 month high of $111.87. The company has a market cap of $20.14 billion, a PE ratio of 12.64, a price-to-earnings-growth ratio of 1.18 and a beta of 1.08. The stock has a 50 day moving average price of $105.68 and a 200-day moving average price of $95.42.

Insider Activity

In other Northern Trust news, Vice Chairman Steven L. Fradkin sold 27,874 shares of the business’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $100.50, for a total transaction of $2,801,337.00. Following the sale, the insider now owns 46,078 shares of the company’s stock, valued at $4,630,839. The trade was a 37.69 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Thomas A. South sold 5,000 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $105.80, for a total value of $529,000.00. Following the completion of the transaction, the executive vice president now directly owns 49,756 shares of the company’s stock, valued at $5,264,184.80. The trade was a 9.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 82,151 shares of company stock valued at $8,489,889 in the last 90 days. Insiders own 0.64% of the company’s stock.

Institutional Investors Weigh In On Northern Trust

Several hedge funds and other institutional investors have recently modified their holdings of NTRS. Park Avenue Securities LLC purchased a new stake in Northern Trust in the fourth quarter valued at approximately $212,000. Kathmere Capital Management LLC purchased a new stake in shares of Northern Trust during the 4th quarter valued at $273,000. Assenagon Asset Management S.A. lifted its holdings in shares of Northern Trust by 4.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 3,939 shares of the asset manager’s stock worth $404,000 after acquiring an additional 166 shares during the last quarter. Fifth Third Wealth Advisors LLC purchased a new position in Northern Trust in the fourth quarter worth $213,000. Finally, Pallas Capital Advisors LLC increased its stake in Northern Trust by 1.8% in the fourth quarter. Pallas Capital Advisors LLC now owns 6,091 shares of the asset manager’s stock valued at $624,000 after acquiring an additional 107 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.