Northern Trust (NASDAQ:NTRS) Rating Lowered to “Hold” at StockNews.com

Northern Trust (NASDAQ:NTRS) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Wednesday.

Several other equities research analysts have also issued reports on the stock. The Goldman Sachs Group lowered shares of Northern Trust from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $84.00 to $82.00 in a research note on Thursday, September 26th. Wells Fargo & Company raised their target price on Northern Trust from $108.00 to $110.00 and gave the company an “equal weight” rating in a report on Friday, November 15th. Deutsche Bank Aktiengesellschaft upped their price target on Northern Trust from $100.00 to $108.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. Morgan Stanley increased their price objective on Northern Trust from $97.00 to $103.00 and gave the company an “underweight” rating in a report on Thursday, October 24th. Finally, Evercore ISI boosted their target price on Northern Trust from $86.00 to $103.00 and gave the stock an “in-line” rating in a report on Thursday, October 24th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $100.67.

Northern Trust Trading Down 0.1 %

NASDAQ:NTRS opened at $110.59 on Wednesday. The company has a market capitalization of $21.92 billion, a P/E ratio of 13.75, a P/E/G ratio of 1.24 and a beta of 1.06. The stock’s 50 day moving average price is $99.35 and its 200 day moving average price is $90.41. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.71 and a current ratio of 0.71. Northern Trust has a 52 week low of $75.70 and a 52 week high of $111.57.

Insider Activity at Northern Trust

In related news, EVP Thomas A. South sold 5,000 shares of the business’s stock in a transaction dated Thursday, November 7th. The stock was 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 $5,264,184.80. The trade was a 9.13 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Charles A. Tribbett sold 1,855 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $88.12, for a total value of $163,462.60. Following the completion of the transaction, the director now directly owns 1,000 shares of the company’s stock, valued at approximately $88,120. This trade represents a 64.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 74,906 shares of company stock worth $7,643,252 in the last ninety days. 0.64% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of NTRS. Olistico Wealth LLC acquired a new position in shares of Northern Trust in the 2nd quarter valued at $25,000. Innealta Capital LLC acquired a new position in Northern Trust in the second quarter worth about $26,000. Ridgewood Investments LLC bought a new position in Northern Trust during the second quarter worth about $30,000. Versant Capital Management Inc boosted its holdings in Northern Trust by 343.9% during the second quarter. Versant Capital Management Inc now owns 435 shares of the asset manager’s stock valued at $37,000 after purchasing an additional 337 shares in the last quarter. Finally, Northwest Investment Counselors LLC bought a new stake in shares of Northern Trust in the 3rd quarter valued at approximately $39,000. 83.19% of the stock is owned by institutional investors.

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.