Northern Trust (NASDAQ:NTRS) Price Target Increased to $103.00 by Analysts at Evercore ISI

Northern Trust (NASDAQ:NTRS) had its price objective boosted by Evercore ISI from $86.00 to $103.00 in a report released on Thursday, Benzinga reports. The firm presently has an “in-line” rating on the asset manager’s stock. Evercore ISI’s target price suggests a potential upside of 0.41% from the stock’s current price.

NTRS has been the topic of several other reports. Royal Bank of Canada raised their price target on shares of Northern Trust from $86.00 to $90.00 and gave the stock an “outperform” rating in a research note on Thursday, July 18th. Deutsche Bank Aktiengesellschaft lifted their target price on Northern Trust from $84.00 to $94.00 and gave the company a “hold” rating in a research report on Monday, September 23rd. Keefe, Bruyette & Woods cut their price objective on Northern Trust from $92.00 to $85.00 and set a “market perform” rating for the company in a research report on Thursday, June 27th. The Goldman Sachs Group cut shares of Northern Trust from a “neutral” rating to a “sell” rating and decreased their target price for the company from $84.00 to $82.00 in a research report on Thursday, September 26th. Finally, Barclays lifted their price target on shares of Northern Trust from $98.00 to $115.00 and gave the company an “equal weight” rating in a research report on Thursday. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Northern Trust has a consensus rating of “Hold” and an average price target of $96.25.

Northern Trust Price Performance

Shares of NASDAQ NTRS traded up $0.07 during trading on Thursday, hitting $102.58. The company had a trading volume of 436,084 shares, compared to its average volume of 1,303,194. The firm has a market capitalization of $20.99 billion, a price-to-earnings ratio of 22.64, a price-to-earnings-growth ratio of 1.44 and a beta of 1.08. The stock has a fifty day simple moving average of $90.51 and a two-hundred day simple moving average of $86.53. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.58. Northern Trust has a fifty-two week low of $62.44 and a fifty-two week high of $104.25.

Insider Transactions at Northern Trust

In related news, EVP Mark C. Gossett sold 6,000 shares of the business’s stock in a transaction on 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. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, EVP Teresa Parker sold 5,883 shares of the business’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $84.06, for a total value of $494,524.98. Following the transaction, the executive vice president now owns 83,765 shares in the company, valued at $7,041,285.90. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Mark C. Gossett sold 6,000 shares of the stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $88.90, for a total value of $533,400.00. Following the sale, the executive vice president now directly owns 28,707 shares of the company’s stock, valued at approximately $2,552,052.30. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 13,738 shares of company stock valued at $1,191,388. 0.64% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Northern Trust

A number of institutional investors have recently added to or reduced their stakes in NTRS. Olistico Wealth LLC acquired a new position in Northern Trust during the second quarter worth $25,000. Innealta Capital LLC purchased a new position in Northern Trust in the second quarter valued at about $26,000. Ridgewood Investments LLC acquired a new stake in shares of Northern Trust during the 2nd quarter valued at approximately $30,000. Northwest Investment Counselors LLC acquired a new stake in shares of Northern Trust in the 3rd quarter worth approximately $39,000. Finally, Versant Capital Management Inc boosted its position in Northern Trust by 343.9% during the second quarter. Versant Capital Management Inc now owns 435 shares of the asset manager’s stock worth $37,000 after purchasing an additional 337 shares in 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.