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

Northern Trust (NASDAQ:NTRS) had its price target raised by investment analysts at Deutsche Bank Aktiengesellschaft from $100.00 to $108.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has a “hold” rating on the asset manager’s stock. Deutsche Bank Aktiengesellschaft’s target price would indicate a potential upside of 0.64% from the company’s current price.

Other research analysts also recently issued research reports about the company. Evercore ISI increased their price objective on Northern Trust from $86.00 to $103.00 and gave the company an “in-line” rating in a research report on Thursday, October 24th. The Goldman Sachs Group lowered Northern Trust from a “neutral” rating to a “sell” rating and cut their price target for the company from $84.00 to $82.00 in a research note on Thursday, September 26th. Morgan Stanley boosted their price objective on Northern Trust from $97.00 to $103.00 and gave the stock an “underweight” rating in a report on Thursday, October 24th. UBS Group raised their target price on shares of Northern Trust from $86.00 to $92.00 and gave the company a “neutral” rating in a research note on Tuesday, October 8th. Finally, Barclays boosted their price target on shares of Northern Trust from $98.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 24th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $100.50.

Northern Trust Price Performance

Shares of Northern Trust stock traded up $2.13 during trading on Monday, reaching $107.31. The company’s stock had a trading volume of 240,595 shares, compared to its average volume of 1,299,140. Northern Trust has a one year low of $69.98 and a one year high of $108.53. The stock has a 50-day moving average price of $93.94 and a two-hundred day moving average price of $88.11. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $21.27 billion, a P/E ratio of 13.37, a price-to-earnings-growth ratio of 1.22 and a beta of 1.06.

Insider Transactions at Northern Trust

In related news, EVP Thomas A. South sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $105.80, for a total value of $529,000.00. Following the completion of the transaction, the executive vice president now directly owns 49,756 shares in the company, valued at approximately $5,264,184.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Northern Trust news, COO Peter Cherecwich sold 16,153 shares of Northern Trust stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $105.18, for a total value of $1,698,972.54. Following the sale, the chief operating officer now owns 4,397 shares of the company’s stock, valued at $462,476.46. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Thomas A. South sold 5,000 shares of the company’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $105.80, for a total value of $529,000.00. Following the transaction, the executive vice president now directly owns 49,756 shares of the company’s stock, valued at $5,264,184.80. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 80,906 shares of company stock valued at $8,176,652 over the last 90 days. 0.64% of the stock is owned by company insiders.

Institutional Investors Weigh In On Northern Trust

Hedge funds and other institutional investors have recently bought and sold shares of the company. CANADA LIFE ASSURANCE Co raised its holdings in shares of Northern Trust by 6.8% in the first quarter. CANADA LIFE ASSURANCE Co now owns 360,640 shares of the asset manager’s stock valued at $32,111,000 after purchasing an additional 23,020 shares during the last quarter. Bessemer Group Inc. increased its stake in Northern Trust by 668.0% in the 1st quarter. Bessemer Group Inc. now owns 20,205 shares of the asset manager’s stock valued at $1,797,000 after buying an additional 17,574 shares during the last quarter. Intech Investment Management LLC lifted its position in Northern Trust by 1,891.1% during the 1st quarter. Intech Investment Management LLC now owns 56,845 shares of the asset manager’s stock worth $5,055,000 after buying an additional 53,990 shares in the last quarter. Swedbank AB acquired a new position in shares of Northern Trust during the 1st quarter worth about $1,407,000. Finally, Koshinski Asset Management Inc. bought a new position in shares of Northern Trust in the 1st quarter valued at about $644,000. 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.