Northern Trust (NASDAQ:NTRS) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Northern Trust (NASDAQ:NTRS) had its price objective raised by investment analysts at Keefe, Bruyette & Woods from $113.00 to $122.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a “market perform” rating on the asset manager’s stock. Keefe, Bruyette & Woods’ price target would suggest a potential upside of 11.37% from the stock’s previous close.

A number of other analysts also recently commented on NTRS. Deutsche Bank Aktiengesellschaft upped their price objective on Northern Trust from $100.00 to $108.00 and gave the stock a “hold” rating in a report on Monday, November 11th. StockNews.com downgraded Northern Trust from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th. Wells Fargo & Company boosted their target price on Northern Trust from $108.00 to $110.00 and gave the stock an “equal weight” rating in a report on Friday, November 15th. The Goldman Sachs Group lifted their price target on shares of Northern Trust from $92.00 to $102.00 and gave the company a “sell” rating in a research report on Friday. Finally, Truist Financial initiated coverage on shares of Northern Trust in a research report on Tuesday, January 7th. They issued a “hold” rating and a $110.00 price objective for the company. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $109.58.

Northern Trust Price Performance

Shares of NASDAQ:NTRS opened at $109.54 on Friday. 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 business’s fifty day moving average price is $105.76 and its two-hundred day moving average price is $96.30. The stock has a market cap of $21.71 billion, a PE ratio of 13.62, a price-to-earnings-growth ratio of 1.22 and a beta of 1.08. Northern Trust has a one year low of $76.67 and a one year high of $111.87.

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

Insider Activity at Northern Trust

In other Northern Trust news, EVP Thomas A. South sold 5,000 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were 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 owns 49,756 shares in the company, valued at approximately $5,264,184.80. This represents a 9.13 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Vice Chairman Steven L. Fradkin sold 9,100 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $111.00, for a total transaction of $1,010,100.00. Following the completion of the sale, the insider now owns 47,797 shares in the company, valued at $5,305,467. The trade was a 15.99 % 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 in the last 90 days. 0.64% of the stock is currently owned by company insiders.

Institutional Trading of Northern Trust

Hedge funds and other institutional investors have recently made changes to their positions in the business. Mercer Global Advisors Inc. ADV raised its holdings in shares of Northern Trust by 7.2% during the second quarter. Mercer Global Advisors Inc. ADV now owns 7,487 shares of the asset manager’s stock worth $629,000 after acquiring an additional 500 shares in the last quarter. Pacer Advisors Inc. lifted its position in Northern Trust by 4.5% in the second quarter. Pacer Advisors Inc. now owns 14,809 shares of the asset manager’s stock worth $1,244,000 after purchasing an additional 632 shares during the period. ProShare Advisors LLC boosted its holdings in Northern Trust by 2.2% during the second quarter. ProShare Advisors LLC now owns 54,590 shares of the asset manager’s stock valued at $4,584,000 after purchasing an additional 1,172 shares in the last quarter. Public Sector Pension Investment Board increased its position in shares of Northern Trust by 6.8% during the 2nd quarter. Public Sector Pension Investment Board now owns 34,791 shares of the asset manager’s stock worth $2,922,000 after purchasing an additional 2,201 shares in the last quarter. Finally, Evergreen Capital Management LLC boosted its stake in Northern Trust by 8.2% in the second quarter. Evergreen Capital Management LLC now owns 5,025 shares of the asset manager’s stock worth $426,000 after purchasing an additional 380 shares in 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.