Northern Trust (NASDAQ:NTRS) had its price objective lowered by Credit Suisse Group from $110.00 to $105.00 in a note issued to investors on Friday. The brokerage presently has a “neutral” rating on the asset manager’s stock. Credit Suisse Group’s price objective indicates a potential upside of 17.96% from the company’s current price.

A number of other equities research analysts also recently weighed in on the company. Deutsche Bank dropped their target price on Northern Trust from $108.00 to $107.00 and set a “buy” rating for the company in a report on Friday, November 16th. Wells Fargo & Co raised Northern Trust from a “market perform” rating to an “outperform” rating and set a $126.00 target price for the company in a report on Wednesday, November 7th. BidaskClub upgraded Northern Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, October 31st. Buckingham Research decreased their price target on Northern Trust from $119.00 to $114.00 and set a “neutral” rating on the stock in a research report on Thursday, October 18th. Finally, Raymond James decreased their price target on Northern Trust from $122.00 to $115.00 and set a “strong-buy” rating on the stock in a research report on Thursday, October 18th. Eight investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $117.41.

Shares of NTRS traded down $1.93 during midday trading on Friday, reaching $89.01. 53,621 shares of the stock were exchanged, compared to its average volume of 850,147. Northern Trust has a twelve month low of $87.98 and a twelve month high of $115.61. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.65 and a current ratio of 0.65. The company has a market capitalization of $20.89 billion, a P/E ratio of 18.40, a P/E/G ratio of 1.21 and a beta of 0.97.

Northern Trust (NASDAQ:NTRS) last posted its earnings results on Wednesday, October 17th. The asset manager reported $1.58 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.61 by ($0.03). Northern Trust had a return on equity of 15.75% and a net margin of 23.28%. The firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.52 billion. During the same period in the prior year, the business posted $1.20 EPS. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. On average, equities research analysts predict that Northern Trust will post 6.59 earnings per share for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in the business. Rehmann Capital Advisory Group grew its position in Northern Trust by 161.3% in the third quarter. Rehmann Capital Advisory Group now owns 473 shares of the asset manager’s stock valued at $48,000 after acquiring an additional 292 shares during the last quarter. Marshall Wace North America L.P. bought a new position in Northern Trust in the third quarter valued at about $1,488,000. Marshall Wace LLP bought a new position in Northern Trust in the third quarter valued at about $992,000. MARSHALL WACE ASIA Ltd bought a new position in Northern Trust in the third quarter valued at about $4,961,000. Finally, Carnegie Capital Asset Management LLC grew its position in Northern Trust by 104.4% in the third quarter. Carnegie Capital Asset Management LLC now owns 6,507 shares of the asset manager’s stock valued at $636,000 after acquiring an additional 3,323 shares during the last quarter. Hedge funds and other institutional investors own 79.12% of the company’s stock.

About Northern Trust

Northern Trust Corporation, a financial holding company, provides asset servicing, fund administration, asset management, fiduciary, and banking solutions for corporations, institutions, families, and individuals worldwide. It operates through Corporate & Institutional Services (C&IS) and Wealth Management segments.

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Analyst Recommendations for Northern Trust (NASDAQ:NTRS)

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