Morgan Stanley Has Lowered Expectations for Northern Trust (NASDAQ:NTRS) Stock Price

Northern Trust (NASDAQ:NTRS) had its price objective lowered by research analysts at Morgan Stanley from $127.00 to $125.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the asset manager’s stock. Morgan Stanley’s price objective would suggest a potential upside of 22.01% from the stock’s previous close.

A number of other equities research analysts also recently commented on the company. The Goldman Sachs Group downgraded Northern Trust from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $84.00 to $82.00 in a report on Thursday, September 26th. Wells Fargo & Company increased their target price 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. Barclays increased their target price on Northern Trust from $98.00 to $115.00 and gave the stock an “equal weight” rating in a report on Thursday, October 24th. Bank of America lifted their target price on Northern Trust from $103.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Finally, StockNews.com raised shares of Northern Trust from a “hold” rating to a “buy” rating in a research report on Tuesday, December 10th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $104.83.

Northern Trust Trading Down 0.5 %

NASDAQ:NTRS traded down $0.54 on Friday, hitting $102.45. 233,767 shares of the stock were exchanged, compared to its average volume of 569,221. Northern Trust has a 52 week low of $76.67 and a 52 week high of $111.87. The company’s 50-day moving average price is $105.53 and its 200 day moving average price is $94.18. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.71 and a current ratio of 0.71. The stock has a market capitalization of $20.31 billion, a price-to-earnings ratio of 12.74, a P/E/G ratio of 1.18 and a beta of 1.07.

Insider Buying and Selling at Northern Trust

In other Northern Trust news, EVP Susan Cohen Levy sold 19,585 shares of Northern Trust stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $102.26, for a total value of $2,002,762.10. Following the transaction, the executive vice president now owns 17,132 shares in the company, valued at $1,751,918.32. The trade was a 53.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Vice Chairman Steven L. Fradkin sold 27,874 shares of Northern Trust stock in a transaction that occurred 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 directly owns 46,078 shares in the company, valued at $4,630,839. This trade represents a 37.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 82,151 shares of company stock worth $8,489,889 over the last ninety days. Insiders own 0.64% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Northwest Investment Counselors LLC bought a new stake in shares of Northern Trust in the third quarter worth $39,000. Capital Performance Advisors LLP acquired a new stake in Northern Trust during the 3rd quarter worth about $48,000. Eastern Bank acquired a new stake in Northern Trust during the third quarter worth approximately $51,000. Catalyst Capital Advisors LLC acquired a new position in Northern Trust in the third quarter valued at approximately $68,000. Finally, Versant Capital Management Inc grew its position in shares of Northern Trust by 34.9% during the 4th quarter. Versant Capital Management Inc now owns 684 shares of the asset manager’s stock worth $70,000 after buying an additional 177 shares during the period. 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.