Northern Trust (NASDAQ:NTRS) had its price objective dropped by research analysts at Buckingham Research from $115.00 to $112.00 in a note issued to investors on Thursday, The Fly reports. The brokerage presently has a “neutral” rating on the asset manager’s stock. Buckingham Research’s price objective points to a potential upside of 8.62% from the stock’s previous close.

NTRS has been the topic of several other reports. ValuEngine cut Northern Trust from a “hold” rating to a “sell” rating in a report on Friday, January 3rd. Deutsche Bank increased their price target on Northern Trust from $110.00 to $112.00 and gave the company a “hold” rating in a research note on Wednesday, November 27th. Citigroup upgraded Northern Trust from a “sell” rating to a “neutral” rating and raised their price target for the company from $92.00 to $110.00 in a report on Monday, December 16th. UBS Group lifted their price objective on Northern Trust from $103.00 to $110.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 17th. Finally, Bank of America increased their target price on Northern Trust from $95.00 to $105.00 and gave the company a “neutral” rating in a research report on Thursday, October 24th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $106.64.

Shares of NASDAQ:NTRS traded down $1.88 during midday trading on Thursday, reaching $103.11. 49,477 shares of the company were exchanged, compared to its average volume of 911,689. The stock has a market cap of $23.00 billion, a PE ratio of 15.36, a price-to-earnings-growth ratio of 1.60 and a beta of 1.22. The business’s fifty day moving average is $107.46 and its two-hundred day moving average is $98.39. Northern Trust has a one year low of $83.95 and a one year high of $110.48. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.41.

Northern Trust (NASDAQ:NTRS) last announced its quarterly earnings results on Wednesday, January 22nd. The asset manager reported $1.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.07). Northern Trust had a net margin of 22.10% and a return on equity of 15.66%. The company had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter in the prior year, the firm posted $1.80 earnings per share. The business’s revenue was up 2.7% on a year-over-year basis. As a group, sell-side analysts expect that Northern Trust will post 6.65 EPS for the current year.

In other Northern Trust news, CFO Biff Bowman sold 13,208 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $106.53, for a total transaction of $1,407,048.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Robert P. Browne sold 14,046 shares of the company’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $109.28, for a total value of $1,534,946.88. The disclosure for this sale can be found here. In the last quarter, insiders have sold 68,280 shares of company stock worth $7,207,481. Insiders own 1.15% of the company’s stock.

A number of hedge funds have recently made changes to their positions in NTRS. CSat Investment Advisory L.P. lifted its holdings in shares of Northern Trust by 252.7% in the 2nd quarter. CSat Investment Advisory L.P. now owns 582 shares of the asset manager’s stock worth $52,000 after acquiring an additional 417 shares during the last quarter. HM Payson & Co. bought a new stake in shares of Northern Trust in the 2nd quarter worth approximately $68,000. Signaturefd LLC boosted its position in Northern Trust by 18.0% during the 3rd quarter. Signaturefd LLC now owns 766 shares of the asset manager’s stock valued at $71,000 after purchasing an additional 117 shares during the period. Boston Partners acquired a new position in Northern Trust during the 2nd quarter valued at approximately $103,000. Finally, Parallel Advisors LLC grew its stake in Northern Trust by 53.7% during the 3rd quarter. Parallel Advisors LLC now owns 1,177 shares of the asset manager’s stock worth $110,000 after buying an additional 411 shares during the last quarter. 81.88% of the stock is owned by institutional investors.

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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