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.
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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