Northern Trust (NASDAQ:NTRS) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Northern Trust (NASDAQ:NTRS) had its price target boosted by analysts at Keefe, Bruyette & Woods from $100.00 to $113.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a “market perform” rating on the asset manager’s stock. Keefe, Bruyette & Woods’ price target indicates a potential upside of 3.89% from the company’s previous close.

NTRS has been the subject of a number of other reports. Wells Fargo & Company boosted their target price on shares of Northern Trust from $108.00 to $110.00 and gave the company an “equal weight” rating in a report on Friday, November 15th. Bank of America upped their price target on Northern Trust from $103.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Royal Bank of Canada boosted their target price on Northern Trust from $100.00 to $107.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Morgan Stanley lifted their price target on shares of Northern Trust from $97.00 to $103.00 and gave the company an “underweight” rating in a research report on Thursday, October 24th. Finally, UBS Group increased their price objective on shares of Northern Trust from $86.00 to $92.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 8th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $103.00.

Northern Trust Price Performance

NTRS stock opened at $108.77 on Tuesday. The stock has a market capitalization of $21.56 billion, a price-to-earnings ratio of 13.53, a price-to-earnings-growth ratio of 1.24 and a beta of 1.07. The stock’s fifty day simple moving average is $100.82 and its 200-day simple moving average is $91.11. Northern Trust has a 52-week low of $76.67 and a 52-week high of $111.87. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.58.

Insider Buying and Selling at Northern Trust

In other news, Vice Chairman Steven L. Fradkin sold 27,874 shares of Northern Trust stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $100.50, for a total value of $2,801,337.00. Following the completion of the transaction, the insider now owns 46,078 shares in the company, valued at approximately $4,630,839. This trade represents a 37.69 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Thomas A. South sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $105.80, for a total value of $529,000.00. Following the sale, the executive vice president now directly owns 49,756 shares in the company, valued at approximately $5,264,184.80. This represents a 9.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 84,006 shares of company stock worth $8,653,352 in the last ninety days. 0.64% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Synovus Financial Corp acquired a new stake in Northern Trust during the third quarter worth about $229,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Northern Trust during the 3rd quarter worth approximately $228,000. Virtu Financial LLC bought a new stake in shares of Northern Trust in the 3rd quarter worth approximately $667,000. Coldstream Capital Management Inc. boosted its position in Northern Trust by 22.9% during the 3rd quarter. Coldstream Capital Management Inc. now owns 6,212 shares of the asset manager’s stock valued at $571,000 after purchasing an additional 1,157 shares during the period. Finally, LRI Investments LLC bought a new position in Northern Trust during the 3rd quarter worth $180,000. 83.19% of the stock is owned by institutional investors and hedge funds.

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.