Barclays Boosts Northern Trust (NASDAQ:NTRS) Price Target to $118.00

Northern Trust (NASDAQ:NTRS) had its price target upped by stock analysts at Barclays from $115.00 to $118.00 in a research report issued on Monday,Benzinga reports. The firm currently has an “equal weight” rating on the asset manager’s stock. Barclays‘s target price would suggest a potential upside of 14.84% from the company’s previous close.

A number of other equities analysts have also recently issued reports on the company. Evercore ISI increased their price target on Northern Trust from $86.00 to $103.00 and gave the stock an “in-line” rating in a report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Northern Trust from $100.00 to $108.00 and gave the company a “hold” rating in a research note on Monday, November 11th. Wells Fargo & Company increased 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 report on Friday, November 15th. Morgan Stanley decreased their target price on Northern Trust from $127.00 to $125.00 and set an “equal weight” rating for the company in a research report on Friday, January 3rd. Finally, Royal Bank of Canada upped their price target on Northern Trust from $100.00 to $107.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $107.17.

Northern Trust Price Performance

NTRS stock opened at $102.75 on Monday. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.58. The company’s fifty day simple moving average is $105.63 and its 200 day simple moving average is $94.78. Northern Trust has a 12-month low of $76.67 and a 12-month high of $111.87. The firm has a market cap of $20.37 billion, a price-to-earnings ratio of 12.78, a PEG ratio of 1.18 and a beta of 1.08.

Insider Buying and Selling at Northern Trust

In other news, insider Teresa Parker sold 4,439 shares of the business’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $100.86, for a total transaction of $447,717.54. Following the completion of the transaction, the insider now directly owns 79,326 shares in the company, valued at $8,000,820.36. The trade was a 5.30 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Vice Chairman Steven L. Fradkin sold 9,100 shares of the company’s stock in a transaction 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 transaction, the insider now directly owns 47,797 shares in the company, valued at approximately $5,305,467. The trade was a 15.99 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 82,151 shares of company stock worth $8,489,889 over the last three months. 0.64% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Northern Trust

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Commonwealth Equity Services LLC raised its stake in shares of Northern Trust by 3.8% during the second quarter. Commonwealth Equity Services LLC now owns 41,457 shares of the asset manager’s stock worth $3,482,000 after acquiring an additional 1,509 shares in the last quarter. TD Asset Management Inc raised its position in Northern Trust by 8.0% in the 2nd quarter. TD Asset Management Inc now owns 77,012 shares of the asset manager’s stock worth $6,467,000 after purchasing an additional 5,692 shares during the period. National Bank of Canada FI lifted its stake in Northern Trust by 10.3% in the second quarter. National Bank of Canada FI now owns 117,181 shares of the asset manager’s stock worth $9,823,000 after purchasing an additional 10,917 shares during the last quarter. Candriam S.C.A. boosted its position in Northern Trust by 10.7% during the second quarter. Candriam S.C.A. now owns 24,678 shares of the asset manager’s stock valued at $2,072,000 after buying an additional 2,381 shares during the period. Finally, Acadian Asset Management LLC boosted its position in Northern Trust by 372.4% during the second quarter. Acadian Asset Management LLC now owns 137,468 shares of the asset manager’s stock valued at $11,540,000 after buying an additional 108,371 shares during the period. 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.