Northern Trust (NASDAQ:NTRS) Given New $104.00 Price Target at Evercore ISI

Northern Trust (NASDAQ:NTRS) had its price objective lowered by stock analysts at Evercore ISI from $113.00 to $104.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has an “in-line” rating on the asset manager’s stock. Evercore ISI’s target price points to a potential upside of 6.29% from the stock’s previous close.

Other analysts have also issued reports about the company. The Goldman Sachs Group raised their target price on Northern Trust from $92.00 to $102.00 and gave the stock a “sell” rating in a report on Friday, January 24th. Royal Bank of Canada lifted their price target on Northern Trust from $107.00 to $115.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Wells Fargo & Company reduced their price objective on shares of Northern Trust from $119.00 to $118.00 and set an “equal weight” rating for the company in a research report on Friday. Citigroup cut their target price on shares of Northern Trust from $110.00 to $105.00 and set a “neutral” rating for the company in a research note on Monday, March 24th. Finally, Morgan Stanley reduced 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 research report on Thursday, March 6th. One analyst has rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $113.54.

Northern Trust Stock Performance

Shares of Northern Trust stock traded down $0.81 on Tuesday, reaching $97.84. 232,705 shares of the stock were exchanged, compared to its average volume of 1,263,134. The business has a 50 day moving average price of $106.88 and a two-hundred day moving average price of $103.07. The firm has a market capitalization of $19.15 billion, a price-to-earnings ratio of 10.00, a PEG ratio of 1.72 and a beta of 1.07. Northern Trust has a twelve month low of $79.32 and a twelve month high of $114.67. The company has a quick ratio of 0.71, a current ratio of 0.68 and a debt-to-equity ratio of 0.58.

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

Insider Buying and Selling at Northern Trust

In related news, insider John Landers sold 900 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $111.44, for a total value of $100,296.00. Following the sale, the insider now directly owns 7,640 shares in the company, valued at $851,401.60. The trade was a 10.54 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Thomas A. South sold 3,804 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $113.00, for a total transaction of $429,852.00. Following the sale, the executive vice president now owns 81,794 shares of the company’s stock, valued at $9,242,722. The trade was a 4.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 35,335 shares of company stock valued at $3,970,211 in the last ninety days. Company insiders own 0.77% of the company’s stock.

Institutional Investors Weigh In On Northern Trust

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Massachusetts Financial Services Co. MA grew its holdings in shares of Northern Trust by 1.2% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 7,486,616 shares of the asset manager’s stock worth $767,378,000 after acquiring an additional 92,162 shares during the last quarter. Geode Capital Management LLC increased its position in Northern Trust by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 4,904,871 shares of the asset manager’s stock worth $501,444,000 after buying an additional 30,908 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Northern Trust by 9.9% during the third quarter. JPMorgan Chase & Co. now owns 4,296,442 shares of the asset manager’s stock valued at $386,809,000 after buying an additional 388,692 shares in the last quarter. Invesco Ltd. lifted its position in shares of Northern Trust by 7.5% in the fourth quarter. Invesco Ltd. now owns 2,885,312 shares of the asset manager’s stock worth $295,744,000 after buying an additional 202,327 shares during the last quarter. Finally, Wellington Management Group LLP boosted its stake in shares of Northern Trust by 1.6% during the 4th quarter. Wellington Management Group LLP now owns 2,532,401 shares of the asset manager’s stock worth $259,571,000 after acquiring an additional 39,592 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.