Truist Financial Issues Positive Forecast for Northern Trust (NASDAQ:NTRS) Stock Price

Northern Trust (NASDAQ:NTRS) had its price objective upped by Truist Financial from $110.00 to $116.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a “hold” rating on the asset manager’s stock. Truist Financial’s price target suggests a potential upside of 4.43% from the stock’s previous close.

NTRS has been the topic of several other reports. Wells Fargo & Company lifted their price target on shares of Northern Trust from $108.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Friday, November 15th. Evercore ISI lifted their price target on shares of Northern Trust from $86.00 to $103.00 and gave the stock an “in-line” rating in a research note on Thursday, October 24th. The Goldman Sachs Group lifted their price objective on shares of Northern Trust from $92.00 to $102.00 and gave the company a “sell” rating in a research note on Friday. StockNews.com lowered shares of Northern Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Northern Trust from $100.00 to $108.00 and gave the company a “hold” rating in a research note on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $110.08.

Northern Trust Stock Up 1.4 %

Shares of Northern Trust stock traded up $1.54 during trading on Friday, hitting $111.08. 605,098 shares of the stock were exchanged, compared to its average volume of 1,183,578. The firm’s 50-day moving average price is $105.83 and its 200 day moving average price is $96.40. Northern Trust has a 12-month low of $76.67 and a 12-month high of $111.87. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.71 and a quick ratio of 0.71. The stock has a market cap of $22.02 billion, a price-to-earnings ratio of 13.83, a price-to-earnings-growth ratio of 1.22 and a beta of 1.08.

Northern Trust (NASDAQ:NTRS) last announced its quarterly earnings results on Thursday, January 23rd. The asset manager reported $2.26 EPS 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%. As a group, analysts forecast that Northern Trust will post 7.56 earnings per share for the current fiscal year.

Insider Transactions 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 transaction of $529,000.00. Following the transaction, the executive vice president now directly owns 49,756 shares in the company, valued at approximately $5,264,184.80. This represents a 9.13 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Vice Chairman Steven L. Fradkin sold 9,100 shares of the company’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $111.00, for a total transaction of $1,010,100.00. Following the transaction, the insider now owns 47,797 shares in the company, valued at $5,305,467. The trade was a 15.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 30,253 shares of company stock worth $3,238,073 over the last ninety days. 0.64% of the stock is currently owned by company insiders.

Institutional Trading of Northern Trust

Several large investors have recently modified their holdings of NTRS. FMR LLC grew its position in shares of Northern Trust by 9.3% in the third quarter. FMR LLC now owns 18,187,663 shares of the asset manager’s stock valued at $1,637,435,000 after purchasing an additional 1,542,685 shares during the last quarter. KBC Group NV grew its position in shares of Northern Trust by 201.6% in the fourth quarter. KBC Group NV now owns 963,811 shares of the asset manager’s stock valued at $98,791,000 after purchasing an additional 644,261 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Northern Trust by 9.9% in the third quarter. JPMorgan Chase & Co. now owns 4,296,442 shares of the asset manager’s stock valued at $386,809,000 after purchasing an additional 388,692 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its position in shares of Northern Trust by 62.8% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 678,461 shares of the asset manager’s stock valued at $69,542,000 after purchasing an additional 261,797 shares during the last quarter. Finally, AQR Capital Management LLC grew its position in shares of Northern Trust by 55.1% in the second quarter. AQR Capital Management LLC now owns 597,146 shares of the asset manager’s stock valued at $49,575,000 after purchasing an additional 212,089 shares during the last quarter. 83.19% of the stock is currently owned by institutional investors and hedge funds.

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.