Bank of America Increases Northern Trust (NASDAQ:NTRS) Price Target to $115.00

Northern Trust (NASDAQ:NTRS) had its price target hoisted by equities research analysts at Bank of America from $103.00 to $115.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the asset manager’s stock. Bank of America‘s price target would indicate a potential upside of 12.02% from the company’s current price.

A number of other research firms have also issued reports on NTRS. The Goldman Sachs Group lowered shares of Northern Trust from a “neutral” rating to a “sell” rating and reduced their target price for the company from $84.00 to $82.00 in a research note on Thursday, September 26th. Evercore ISI upped their price objective on shares of Northern Trust from $86.00 to $103.00 and gave the company an “in-line” rating in a research note on Thursday. UBS Group increased their price target on shares of Northern Trust from $86.00 to $92.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 8th. Wells Fargo & Company increased their price target on shares of Northern Trust from $92.00 to $108.00 and gave the stock an “equal weight” rating in a research note on Thursday. Finally, Morgan Stanley raised their target price on shares of Northern Trust from $97.00 to $103.00 and gave the company an “underweight” rating in a research note on Thursday. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $99.33.

Northern Trust Trading Up 0.1 %

Shares of NTRS stock traded up $0.15 during mid-day trading on Thursday, reaching $102.66. The company’s stock had a trading volume of 775,597 shares, compared to its average volume of 1,304,842. Northern Trust has a 12-month low of $62.44 and a 12-month high of $104.25. The firm has a market capitalization of $21.00 billion, a PE ratio of 22.66, a price-to-earnings-growth ratio of 1.44 and a beta of 1.08. 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 50 day simple moving average is $90.51 and its 200-day simple moving average is $86.53.

Insider Transactions at Northern Trust

In other Northern Trust news, Director Charles A. Tribbett sold 1,855 shares of the company’s stock in a transaction 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 transaction, the director now directly owns 1,000 shares in the company, valued at $88,120. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Charles A. Tribbett sold 1,855 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $88.12, for a total value of $163,462.60. Following the transaction, the director now directly owns 1,000 shares in the company, valued at approximately $88,120. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Mark C. Gossett sold 6,000 shares of the stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $88.90, for a total transaction of $533,400.00. Following the completion of the transaction, the executive vice president now directly owns 28,707 shares of the company’s stock, valued at $2,552,052.30. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,738 shares of company stock valued at $1,191,388 over the last 90 days. 0.64% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Northern Trust

Several large investors have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC lifted its position in Northern Trust by 2.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 12,861 shares of the asset manager’s stock worth $1,144,000 after buying an additional 302 shares during the last quarter. Romano Brothers AND Company lifted its position in shares of Northern Trust by 11.2% during the 1st quarter. Romano Brothers AND Company now owns 5,450 shares of the asset manager’s stock valued at $485,000 after buying an additional 548 shares in the last quarter. Aviance Capital Partners LLC lifted its position in shares of Northern Trust by 8.3% during the 1st quarter. Aviance Capital Partners LLC now owns 9,301 shares of the asset manager’s stock valued at $827,000 after buying an additional 716 shares in the last quarter. Diversified Trust Co raised its stake in Northern Trust by 98.3% during the 1st quarter. Diversified Trust Co now owns 16,914 shares of the asset manager’s stock valued at $1,504,000 after purchasing an additional 8,383 shares during the period. Finally, Claro Advisors LLC increased its stake in Northern Trust by 18.3% in the 1st quarter. Claro Advisors LLC now owns 9,439 shares of the asset manager’s stock worth $839,000 after acquiring an additional 1,460 shares during the last quarter. Hedge funds and other institutional investors own 83.19% of the company’s stock.

Northern Trust Company Profile

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.