Deutsche Bank Aktiengesellschaft Boosts Northern Trust (NASDAQ:NTRS) Price Target to $108.00

Northern Trust (NASDAQ:NTRS) had its target price hoisted by research analysts at Deutsche Bank Aktiengesellschaft from $100.00 to $108.00 in a research report issued on Monday,Benzinga reports. The firm presently has a “hold” rating on the asset manager’s stock. Deutsche Bank Aktiengesellschaft’s price target indicates a potential upside of 0.98% from the company’s previous close.

A number of other research analysts have also issued reports on NTRS. Wells Fargo & Company raised their target price on shares of Northern Trust from $92.00 to $108.00 and gave the company an “equal weight” rating in a research note on Thursday, October 24th. Morgan Stanley raised their price target on Northern Trust from $97.00 to $103.00 and gave the company an “underweight” rating in a research report on Thursday, October 24th. Bank of America increased their target price on Northern Trust from $103.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Barclays lifted their price target on Northern Trust from $98.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 24th. Finally, The Goldman Sachs Group downgraded shares of Northern Trust from a “neutral” rating to a “sell” rating and lowered their price objective for the stock from $84.00 to $82.00 in a research note on Thursday, September 26th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $100.50.

Northern Trust Stock Up 0.2 %

Shares of Northern Trust stock opened at $106.95 on Monday. Northern Trust has a 12-month low of $69.98 and a 12-month high of $108.53. The stock has a market capitalization of $21.20 billion, a P/E ratio of 13.30, a PEG ratio of 1.22 and a beta of 1.06. 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 stock has a 50 day moving average price of $94.25 and a two-hundred day moving average price of $88.28.

Insider Buying and Selling at Northern Trust

In other news, Director Charles A. Tribbett sold 1,855 shares of the business’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 sale, the director now owns 1,000 shares in the company, valued at approximately $88,120. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Charles A. Tribbett sold 1,855 shares of Northern Trust stock in a transaction that occurred 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 completion of the transaction, the director now owns 1,000 shares in the company, valued at approximately $88,120. The trade was 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, Vice Chairman Steven L. Fradkin sold 27,874 shares of the stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $100.50, for a total value of $2,801,337.00. Following the sale, the insider now owns 46,078 shares in the company, valued at approximately $4,630,839. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 80,906 shares of company stock worth $8,176,652 over the last three months. Company insiders own 0.64% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in NTRS. Daiwa Securities Group Inc. raised its stake in shares of Northern Trust by 11.1% in the third quarter. Daiwa Securities Group Inc. now owns 24,668 shares of the asset manager’s stock worth $2,221,000 after acquiring an additional 2,474 shares during the last quarter. Pitcairn Co. increased its holdings in shares of Northern Trust by 122.4% in the third quarter. Pitcairn Co. now owns 15,951 shares of the asset manager’s stock valued at $1,436,000 after purchasing an additional 8,780 shares in the last quarter. Cerity Partners LLC increased its holdings in shares of Northern Trust by 5.2% in the third quarter. Cerity Partners LLC now owns 100,675 shares of the asset manager’s stock valued at $9,064,000 after purchasing an additional 4,989 shares in the last quarter. Studio Investment Management LLC raised its position in Northern Trust by 3.7% in the 3rd quarter. Studio Investment Management LLC now owns 7,627 shares of the asset manager’s stock worth $692,000 after purchasing an additional 269 shares during the last quarter. Finally, Primecap Management Co. CA lifted its holdings in Northern Trust by 0.5% during the 3rd quarter. Primecap Management Co. CA now owns 7,085,117 shares of the asset manager’s stock worth $637,873,000 after buying an additional 38,360 shares in the last quarter. Institutional investors and hedge funds 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.