Northern Trust (NASDAQ:NTRS) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.
A number of other equities research analysts also recently weighed in on NTRS. Zacks Investment Research upgraded Northern Trust from a “sell” rating to a “hold” rating in a research report on Monday, September 25th. Citigroup restated a “neutral” rating and set a $92.00 price target (up previously from $90.00) on shares of Northern Trust in a research report on Monday, October 9th. UBS Group raised their price target on Northern Trust from $100.00 to $109.00 and gave the company a “buy” rating in a research report on Thursday, October 19th. Buckingham Research lifted their price objective on Northern Trust from $95.00 to $97.00 and gave the stock a “neutral” rating in a report on Thursday, October 19th. Finally, Morgan Stanley lifted their price objective on Northern Trust from $83.00 to $91.00 and gave the stock an “underweight” rating in a report on Thursday, October 19th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $100.20.
Shares of Northern Trust (NASDAQ NTRS) opened at $107.26 on Friday. Northern Trust has a 12-month low of $81.92 and a 12-month high of $107.56. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.71 and a current ratio of 0.71. The firm has a market capitalization of $24,393.19, a PE ratio of 23.73, a price-to-earnings-growth ratio of 1.62 and a beta of 0.97.
In related news, insider Clair Joyce St sold 7,665 shares of the business’s stock in a transaction dated Wednesday, October 18th. The stock was sold at an average price of $95.00, for a total transaction of $728,175.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Vice Chairman William L. Morrison sold 11,058 shares of the business’s stock in a transaction dated Wednesday, October 25th. The shares were sold at an average price of $94.34, for a total value of $1,043,211.72. The disclosure for this sale can be found here. In the last quarter, insiders sold 323,382 shares of company stock worth $31,182,013. Company insiders own 1.27% of the company’s stock.
A number of large investors have recently made changes to their positions in NTRS. Alyeska Investment Group L.P. purchased a new position in Northern Trust during the 3rd quarter valued at about $128,778,000. Arrowstreet Capital Limited Partnership increased its holdings in Northern Trust by 7,106.6% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 526,081 shares of the asset manager’s stock valued at $51,140,000 after purchasing an additional 518,781 shares during the period. Vanguard Group Inc. increased its holdings in Northern Trust by 2.6% during the 2nd quarter. Vanguard Group Inc. now owns 14,255,623 shares of the asset manager’s stock valued at $1,385,789,000 after purchasing an additional 363,691 shares during the period. Bank of New York Mellon Corp increased its holdings in Northern Trust by 14.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,965,535 shares of the asset manager’s stock valued at $180,691,000 after purchasing an additional 255,106 shares during the period. Finally, Point72 Asset Management L.P. purchased a new position in Northern Trust during the 3rd quarter valued at about $23,359,000. Institutional investors own 81.70% of the company’s stock.
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Northern Trust Company Profile
Northern Trust Corporation is a financial holding company. The Company provides asset servicing, fund administration, asset management, fiduciary and banking solutions for corporations, institutions, families and individuals across the world. Its segments include Corporate & Institutional Services (C&IS), Wealth Management, and Treasury and Other.
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