UBS Group Issues Positive Forecast for Northern Trust (NASDAQ:NTRS) Stock Price

Northern Trust (NASDAQ:NTRS) had its price objective hoisted by stock analysts at UBS Group from $110.00 to $114.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a “neutral” rating on the asset manager’s stock. UBS Group’s price target suggests a potential upside of 2.87% from the stock’s previous close.

Several other equities analysts also recently issued reports on NTRS. Keefe, Bruyette & Woods upped their price objective on shares of Northern Trust from $113.00 to $122.00 and gave the company a “market perform” rating in a report on Friday. Barclays increased their price target on shares of Northern Trust from $115.00 to $118.00 and gave the stock an “equal weight” rating in a report on Monday, January 6th. Wells Fargo & Company raised their price objective 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 increased their target price on Northern Trust from $86.00 to $103.00 and gave the company an “in-line” rating in a research report on Thursday, October 24th. Finally, Morgan Stanley decreased their price objective on Northern Trust from $127.00 to $125.00 and set an “equal weight” rating on the stock in a report on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $112.58.

Northern Trust Trading Down 0.1 %

Shares of NASDAQ:NTRS traded down $0.10 on Monday, hitting $110.82. 196,481 shares of the company’s stock were exchanged, compared to its average volume of 1,173,241. Northern Trust has a 12 month low of $76.67 and a 12 month high of $111.87. The stock has a market capitalization of $21.97 billion, a price-to-earnings ratio of 13.77, a price-to-earnings-growth ratio of 1.22 and a beta of 1.08. The business’s 50 day simple moving average is $105.89 and its two-hundred day simple moving average is $96.76. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.71 and a quick ratio of 0.71.

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

Insider Buying and Selling at Northern Trust

In related news, Vice Chairman Steven L. Fradkin sold 9,100 shares of the business’s stock in a transaction that occurred on 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 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Peter Cherecwich sold 16,153 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $105.18, for a total value of $1,698,972.54. Following the sale, the chief operating officer now owns 4,397 shares of the company’s stock, valued at approximately $462,476.46. The trade was a 78.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 30,253 shares of company stock valued at $3,238,073 in the last three months. 0.64% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Northern Trust

Institutional investors have recently added to or reduced their stakes in the business. FMR LLC lifted its stake in 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 buying an additional 1,542,685 shares during the last quarter. KBC Group NV lifted its stake in 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 buying an additional 644,261 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in 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 buying an additional 388,692 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in 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 buying an additional 261,797 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its stake in Northern Trust by 93,421.2% in the third quarter. International Assets Investment Management LLC now owns 185,172 shares of the asset manager’s stock valued at $152,194,000 after buying an additional 184,974 shares during the last quarter. Hedge funds and other institutional investors own 83.19% of the company’s stock.

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.