Northern Trust (NASDAQ:NTRS) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

Northern Trust (NASDAQ:NTRS) had its price target raised by analysts at The Goldman Sachs Group from $92.00 to $102.00 in a research note issued on Friday,Benzinga reports. The firm presently has a “sell” rating on the asset manager’s stock. The Goldman Sachs Group’s target price would indicate a potential downside of 8.04% from the stock’s current price.

Other equities research analysts have also issued research reports about the company. Deutsche Bank Aktiengesellschaft lifted their price objective on Northern Trust from $100.00 to $108.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Bank of America lifted their target price on shares of Northern Trust from $103.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Barclays upped their price target on shares of Northern Trust from $115.00 to $118.00 and gave the company an “equal weight” rating in a research note on Monday, January 6th. Morgan Stanley lowered their target price on shares of Northern Trust from $127.00 to $125.00 and set an “equal weight” rating on the stock in a report on Friday, January 3rd. Finally, Evercore ISI raised 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. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Northern Trust presently has a consensus rating of “Hold” and an average price target of $110.75.

Northern Trust Trading Up 1.3 %

NASDAQ:NTRS opened at $110.92 on Friday. Northern Trust has a 52 week low of $76.67 and a 52 week high of $111.87. The firm has a 50-day moving average price of $105.89 and a two-hundred day moving average price of $96.59. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.71 and a current ratio of 0.71. The firm has a market cap of $21.99 billion, a price-to-earnings ratio of 13.80, a price-to-earnings-growth ratio of 1.22 and a beta of 1.08.

Northern Trust (NASDAQ:NTRS) last announced its earnings results on Thursday, January 23rd. The asset manager reported $2.26 earnings per share (EPS) 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%. On average, equities analysts expect that Northern Trust will post 7.56 earnings per share for the current fiscal year.

Insider Buying and Selling at Northern Trust

In other Northern Trust news, EVP Thomas A. South sold 5,000 shares of the company’s stock in a transaction 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 completion of the transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman Steven L. Fradkin sold 9,100 shares of Northern Trust stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $111.00, for a total transaction of $1,010,100.00. Following the sale, the insider now directly owns 47,797 shares in the company, valued at $5,305,467. The trade was a 15.99 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 30,253 shares of company stock worth $3,238,073. 0.64% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Northern Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NTRS. Allworth Financial LP boosted its position in shares of Northern Trust by 9.1% in the 3rd quarter. Allworth Financial LP now owns 1,170 shares of the asset manager’s stock worth $105,000 after purchasing an additional 98 shares in the last quarter. Juncture Wealth Strategies LLC raised its stake in Northern Trust by 2.4% during the fourth quarter. Juncture Wealth Strategies LLC now owns 4,212 shares of the asset manager’s stock valued at $432,000 after buying an additional 100 shares during the last quarter. Ballentine Partners LLC boosted its holdings in Northern Trust by 4.4% in the fourth quarter. Ballentine Partners LLC now owns 2,483 shares of the asset manager’s stock worth $255,000 after acquiring an additional 105 shares in the last quarter. Pallas Capital Advisors LLC grew its stake in shares of Northern Trust by 1.8% in the fourth quarter. Pallas Capital Advisors LLC now owns 6,091 shares of the asset manager’s stock worth $624,000 after acquiring an additional 107 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV increased its holdings in shares of Northern Trust by 14.5% during the third quarter. Massmutual Trust Co. FSB ADV now owns 922 shares of the asset manager’s stock valued at $83,000 after acquiring an additional 117 shares in the last quarter. 83.19% of the stock is owned by hedge funds and other 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.