Citigroup Issues Pessimistic Forecast for Northern Trust (NASDAQ:NTRS) Stock Price

Northern Trust (NASDAQ:NTRS) had its target price reduced by equities research analysts at Citigroup from $110.00 to $105.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the asset manager’s stock. Citigroup’s price target points to a potential upside of 4.02% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the stock. Barclays boosted their price target on shares of Northern Trust from $115.00 to $118.00 and gave the stock an “equal weight” rating in a research report on Monday, January 6th. Morgan Stanley lowered their price target on shares of Northern Trust from $138.00 to $136.00 and set an “equal weight” rating for the company in a report on Thursday, March 6th. 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, January 24th. UBS Group lifted their target price on Northern Trust from $110.00 to $114.00 and gave the stock a “neutral” rating in a report on Monday, January 27th. Finally, The Goldman Sachs Group raised their price target on Northern Trust from $92.00 to $102.00 and gave the stock a “sell” rating in a research report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $112.85.

Northern Trust Price Performance

Shares of NTRS traded up $2.17 during mid-day trading on Monday, reaching $100.94. The stock had a trading volume of 153,593 shares, compared to its average volume of 1,174,645. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.71 and a current ratio of 0.68. Northern Trust has a 12 month low of $79.32 and a 12 month high of $114.67. The business has a fifty day moving average of $107.42 and a 200 day moving average of $102.55. The firm has a market cap of $19.75 billion, a price-to-earnings ratio of 10.32, a PEG ratio of 1.72 and a beta of 1.07.

Northern Trust (NASDAQ:NTRS) last posted its quarterly earnings results on Thursday, January 23rd. The asset manager reported $2.26 earnings per share for the quarter, topping the consensus estimate of $1.96 by $0.30. Northern Trust had a return on equity of 13.74% and a net margin of 12.77%. Equities analysts predict that Northern Trust will post 8.27 EPS for the current year.

Insider Buying and Selling at Northern Trust

In related news, EVP Thomas A. South sold 3,804 shares of Northern Trust stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $113.00, for a total transaction of $429,852.00. Following the transaction, the executive vice president now directly owns 81,794 shares of the company’s stock, valued at $9,242,722. This trade represents a 4.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Jason J. Tyler sold 2,237 shares of the business’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $112.67, for a total transaction of $252,042.79. Following the completion of the transaction, the insider now directly owns 58,449 shares of the company’s stock, valued at $6,585,448.83. This trade represents a 3.69 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 35,335 shares of company stock valued at $3,970,211. Company insiders own 0.64% of the company’s stock.

Institutional Investors Weigh In On Northern Trust

A number of institutional investors have recently added to or reduced their stakes in NTRS. Y.D. More Investments Ltd lifted its position in shares of Northern Trust by 118.4% during the fourth quarter. Y.D. More Investments Ltd now owns 249 shares of the asset manager’s stock valued at $26,000 after buying an additional 135 shares during the last quarter. Colonial Trust Co SC raised its stake in shares of Northern Trust by 6,400.0% during the 4th quarter. Colonial Trust Co SC now owns 260 shares of the asset manager’s stock worth $27,000 after acquiring an additional 256 shares in the last quarter. Empirical Asset Management LLC purchased a new stake in Northern Trust during the fourth quarter valued at approximately $33,000. Brooklyn Investment Group boosted its stake in 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 acquiring an additional 128 shares in the last quarter. Finally, Assetmark Inc. grew its holdings in Northern Trust by 528.3% in the fourth quarter. Assetmark Inc. now owns 377 shares of the asset manager’s stock worth $39,000 after purchasing an additional 317 shares during the last quarter. 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.