Northern Trust (NTRS) Given New $108.00 Price Target at Deutsche Bank

Northern Trust (NASDAQ:NTRS) had its price target upped by equities research analysts at Deutsche Bank from $100.00 to $108.00 in a research report issued on Friday. The brokerage presently has a “buy” rating on the asset manager’s stock. Deutsche Bank’s price objective would indicate a potential upside of 13.67% from the company’s previous close.

Several other research firms also recently commented on NTRS. Credit Suisse Group reaffirmed a “hold” rating and set a $101.00 price objective on shares of Northern Trust in a report on Tuesday, February 19th. Barclays dropped their price objective on shares of Northern Trust from $119.00 to $109.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 2nd. Zacks Investment Research downgraded shares of Northern Trust from a “hold” rating to a “sell” rating in a report on Wednesday, December 19th. Buckingham Research raised shares of Northern Trust from a “neutral” rating to a “buy” rating and upped their price objective for the company from $104.00 to $115.00 in a report on Thursday. Finally, Jefferies Financial Group downgraded shares of Northern Trust from a “buy” rating to a “hold” rating in a report on Tuesday, January 8th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $111.75.

NASDAQ NTRS traded up $0.52 during trading on Friday, hitting $95.01. 86,823 shares of the company’s stock traded hands, compared to its average volume of 1,264,393. The company has a market cap of $19.69 billion, a PE ratio of 14.12, a price-to-earnings-growth ratio of 1.27 and a beta of 1.07. Northern Trust has a 12-month low of $75.96 and a 12-month high of $115.61. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.35.

Northern Trust (NASDAQ:NTRS) last released its quarterly earnings data on Wednesday, January 23rd. The asset manager reported $1.82 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.63 by $0.19. The business had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.49 billion. Northern Trust had a net margin of 23.37% and a return on equity of 16.62%. The company’s revenue was up 5.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.51 earnings per share. As a group, equities research analysts anticipate that Northern Trust will post 6.6 EPS for the current year.

Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc raised its stake in Northern Trust by 3.5% in the third quarter. Vanguard Group Inc now owns 15,444,690 shares of the asset manager’s stock valued at $1,577,366,000 after purchasing an additional 517,705 shares in the last quarter. BlackRock Inc. grew its position in Northern Trust by 1.5% during the fourth quarter. BlackRock Inc. now owns 14,047,694 shares of the asset manager’s stock valued at $1,174,248,000 after acquiring an additional 204,918 shares during the last quarter. FMR LLC grew its position in Northern Trust by 4.4% during the fourth quarter. FMR LLC now owns 8,211,012 shares of the asset manager’s stock valued at $686,358,000 after acquiring an additional 347,051 shares during the last quarter. JPMorgan Chase & Co. grew its position in Northern Trust by 0.3% during the third quarter. JPMorgan Chase & Co. now owns 7,206,618 shares of the asset manager’s stock valued at $736,014,000 after acquiring an additional 22,537 shares during the last quarter. Finally, Northern Trust Corp grew its position in Northern Trust by 0.5% during the fourth quarter. Northern Trust Corp now owns 6,809,886 shares of the asset manager’s stock valued at $569,239,000 after acquiring an additional 34,732 shares during the last quarter. 77.28% of the stock is currently owned by hedge funds and other institutional investors.

About Northern Trust

Northern Trust Corporation, a financial holding company, provides asset servicing, fund administration, asset management, fiduciary, and banking solutions for corporations, institutions, families, and individuals worldwide. It operates through Corporate & Institutional Services (C&IS) and Wealth Management segments.

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Analyst Recommendations for Northern Trust (NASDAQ:NTRS)

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