Northern Trust (NASDAQ:NTRS) Stock Rating Upgraded by StockNews.com

Northern Trust (NASDAQ:NTRS) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Friday.

A number of other research firms have also issued reports on NTRS. Evercore ISI upped their target price on shares of Northern Trust from $86.00 to $103.00 and gave the stock an “in-line” rating in a report on Thursday, October 24th. Barclays increased their price objective on shares of Northern Trust from $115.00 to $118.00 and gave the company an “equal weight” rating in a report on Monday, January 6th. The Goldman Sachs Group boosted their target price on Northern Trust from $92.00 to $102.00 and gave the stock a “sell” rating in a report on Friday. Truist Financial increased their price target on Northern Trust from $110.00 to $116.00 and gave the company a “hold” rating in a report on Friday. Finally, Royal Bank of Canada boosted their price objective on Northern Trust from $107.00 to $115.00 and gave the stock an “outperform” rating in a research note on Friday. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $110.75.

Northern Trust Trading Up 1.3 %

Shares of Northern Trust stock opened at $110.92 on Friday. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.58. Northern Trust has a twelve month low of $76.67 and a twelve month high of $111.87. The firm has a market capitalization of $21.99 billion, a PE ratio of 13.80, a P/E/G ratio of 1.22 and a beta of 1.08. The firm’s 50-day moving average price is $105.89 and its 200 day moving average price is $96.59.

Northern Trust (NASDAQ:NTRS) last released its earnings results 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%. On average, sell-side analysts predict that Northern Trust will post 7.56 EPS for the current fiscal year.

Insider Activity at Northern Trust

In other news, COO Peter Cherecwich sold 16,153 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $105.18, for a total transaction of $1,698,972.54. Following the completion of the transaction, the chief operating officer now directly owns 4,397 shares in the company, valued at $462,476.46. This trade represents a 78.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Thomas A. South sold 5,000 shares of the stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $105.80, for a total value of $529,000.00. Following the transaction, the executive vice president now directly owns 49,756 shares in the company, valued at approximately $5,264,184.80. The trade was a 9.13 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 30,253 shares of company stock worth $3,238,073. Company insiders own 0.64% of the company’s stock.

Institutional Trading of Northern Trust

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Brooklyn Investment Group boosted its stake in shares of Northern Trust by 51.2% in the fourth quarter. Brooklyn Investment Group now owns 378 shares of the asset manager’s stock valued at $39,000 after purchasing an additional 128 shares during the period. Northwest Investment Counselors LLC acquired a new position in shares of Northern Trust in the third quarter worth $39,000. Capital Performance Advisors LLP purchased a new stake in shares of Northern Trust during the third quarter worth $48,000. Friedenthal Financial acquired a new stake in shares of Northern Trust in the fourth quarter valued at $57,000. Finally, Eastern Bank purchased a new position in Northern Trust in the third quarter valued at $51,000. 83.19% of the stock is currently 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.