Northern Trust (NASDAQ:NTRS) was upgraded by research analysts at Goldman Sachs from a “neutral” rating to a “buy” rating in a research note issued on Monday, The Fly reports.
NTRS has been the subject of a number of other research reports. Wells Fargo set a $105.00 target price on shares of Northern Trust and gave the stock a “hold” rating in a research note on Wednesday, December 20th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $110.00 price target on shares of Northern Trust in a research report on Friday, December 22nd. BidaskClub raised shares of Northern Trust from a “hold” rating to a “buy” rating in a research report on Saturday, January 13th. Barclays boosted their price target on shares of Northern Trust from $102.00 to $114.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 2nd. Finally, Royal Bank of Canada boosted their price target on shares of Northern Trust to $110.00 and gave the company an “outperform” rating in a research report on Thursday, January 25th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $104.81.
NASDAQ:NTRS opened at $103.13 on Monday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.71 and a quick ratio of 0.71. The firm has a market capitalization of $23,264.25, a price-to-earnings ratio of 21.35, a price-to-earnings-growth ratio of 1.35 and a beta of 0.95. Northern Trust has a 52 week low of $84.93 and a 52 week high of $110.81.
In other news, EVP Wilson Leech sold 8,958 shares of the business’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $106.17, for a total transaction of $951,070.86. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Jeffrey D. Cohodes sold 30,917 shares of the business’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $105.29, for a total transaction of $3,255,250.93. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 189,457 shares of company stock worth $20,188,250. Company insiders own 1.04% of the company’s stock.
Institutional investors have recently modified their holdings of the company. Field & Main Bank acquired a new position in shares of Northern Trust during the fourth quarter worth about $100,000. Truewealth LLC acquired a new position in shares of Northern Trust during the fourth quarter worth about $110,000. Cerebellum GP LLC acquired a new position in Northern Trust during the fourth quarter worth about $132,000. Mission Wealth Management LP acquired a new position in Northern Trust during the fourth quarter worth about $200,000. Finally, Hollencrest Capital Management acquired a new position in Northern Trust during the fourth quarter worth about $210,000. Institutional investors and hedge funds own 79.74% of the company’s stock.
Northern Trust Company Profile
Northern Trust Corporation is a financial holding company. The Company provides asset servicing, fund administration, asset management, fiduciary and banking solutions for corporations, institutions, families and individuals across the world. Its segments include Corporate & Institutional Services (C&IS), Wealth Management, and Treasury and Other.
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