Northern Trust (NASDAQ:NTRS) received a $110.00 price target from investment analysts at Wells Fargo & Co in a research note issued to investors on Friday, TipRanks reports. The firm currently has a “buy” rating on the asset manager’s stock. Wells Fargo & Co‘s price objective points to a potential upside of 24.28% from the stock’s previous close.

Other equities analysts also recently issued research reports about the stock. Bank of America reaffirmed a “neutral” rating and set a $97.00 target price (down previously from $107.00) on shares of Northern Trust in a research note on Thursday, June 6th. Deutsche Bank decreased their target price on shares of Northern Trust from $93.00 to $91.00 and set a “hold” rating for the company in a research note on Friday, August 9th. Morgan Stanley set a $89.00 target price on shares of Northern Trust and gave the company a “sell” rating in a research note on Friday, August 9th. Zacks Investment Research downgraded shares of Northern Trust from a “buy” rating to a “hold” rating in a research note on Friday, May 17th. Finally, BidaskClub downgraded shares of Northern Trust from a “hold” rating to a “sell” rating in a research note on Monday, August 12th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the stock. Northern Trust presently has an average rating of “Hold” and a consensus price target of $104.28.

NTRS stock traded up $1.51 during trading on Friday, reaching $88.51. The company had a trading volume of 900,956 shares, compared to its average volume of 1,226,615. Northern Trust has a 52 week low of $75.96 and a 52 week high of $109.72. The company has a market cap of $18.37 billion, a P/E ratio of 13.15, a PEG ratio of 1.52 and a beta of 1.16. The business has a 50 day moving average of $92.33 and a 200 day moving average of $91.98. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.64 and a quick ratio of 0.64.

Northern Trust (NASDAQ:NTRS) last released its quarterly earnings results on Wednesday, July 24th. The asset manager reported $1.75 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.68 by $0.07. Northern Trust had a net margin of 22.20% and a return on equity of 15.74%. The company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same period in the prior year, the firm earned $1.68 earnings per share. Northern Trust’s revenue was down .1% on a year-over-year basis. Research analysts expect that Northern Trust will post 6.6 earnings per share for the current year.

In other news, CFO Biff Bowman sold 46,204 shares of the firm’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $92.81, for a total transaction of $4,288,193.24. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Robert P. Browne sold 12,156 shares of the firm’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $86.88, for a total transaction of $1,056,113.28. The disclosure for this sale can be found here. Insiders sold 111,567 shares of company stock worth $10,639,832 in the last 90 days. 1.15% of the stock is currently owned by corporate insiders.

Hedge funds have recently made changes to their positions in the company. Lantz Financial LLC increased its holdings in Northern Trust by 1.7% in the 2nd quarter. Lantz Financial LLC now owns 20,829 shares of the asset manager’s stock valued at $1,914,000 after acquiring an additional 347 shares during the last quarter. Speece Thorson Capital Group Inc. increased its holdings in Northern Trust by 14.0% in the 1st quarter. Speece Thorson Capital Group Inc. now owns 147,120 shares of the asset manager’s stock valued at $13,301,000 after acquiring an additional 18,084 shares during the last quarter. Advisory Services Network LLC increased its holdings in Northern Trust by 3.6% in the 2nd quarter. Advisory Services Network LLC now owns 15,844 shares of the asset manager’s stock valued at $1,426,000 after acquiring an additional 547 shares during the last quarter. Callahan Advisors LLC increased its holdings in Northern Trust by 5.5% in the 1st quarter. Callahan Advisors LLC now owns 73,522 shares of the asset manager’s stock valued at $6,647,000 after acquiring an additional 3,837 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. increased its holdings in Northern Trust by 0.5% in the 1st quarter. Mn Services Vermogensbeheer B.V. now owns 117,775 shares of the asset manager’s stock valued at $10,648,000 after acquiring an additional 600 shares during the last quarter. Hedge funds and other institutional investors own 81.36% of the company’s stock.

About Northern Trust

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, Corporate & Institutional Services (C&IS) and Wealth Management.

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Analyst Recommendations for Northern Trust (NASDAQ:NTRS)

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