Morgan Stanley Issues Pessimistic Forecast for Northern Trust (NASDAQ:NTRS) Stock Price

Northern Trust (NASDAQ:NTRS) had its target price cut by stock analysts at Morgan Stanley from $127.00 to $125.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has an “equal weight” rating on the asset manager’s stock. Morgan Stanley’s price target indicates a potential upside of 21.03% from the company’s previous close.

A number of other equities research analysts also recently weighed in on the company. Deutsche Bank Aktiengesellschaft raised their price target on Northern Trust from $100.00 to $108.00 and gave the company a “hold” rating in a research report on Monday, November 11th. Wells Fargo & Company raised their price objective on Northern Trust from $108.00 to $110.00 and gave the company an “equal weight” rating in a report on Friday, November 15th. Keefe, Bruyette & Woods upped their target price on Northern Trust from $100.00 to $113.00 and gave the stock a “market perform” rating in a research note on Tuesday, December 3rd. UBS Group lifted their price target on shares of Northern Trust from $86.00 to $92.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 8th. Finally, Evercore ISI upped their price objective on shares of Northern Trust from $86.00 to $103.00 and gave the company an “in-line” rating in a research note on Thursday, October 24th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $106.64.

Northern Trust Price Performance

Shares of NASDAQ:NTRS opened at $103.28 on Friday. The company’s fifty day moving average price is $105.59 and its 200-day moving average price is $94.33. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.71 and a quick ratio of 0.71. The firm has a market capitalization of $20.47 billion, a price-to-earnings ratio of 12.85, a PEG ratio of 1.18 and a beta of 1.07. Northern Trust has a one year low of $76.67 and a one year high of $111.87.

Insider Transactions at Northern Trust

In other news, EVP Susan Cohen Levy sold 19,585 shares of the firm’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $102.26, for a total value of $2,002,762.10. Following the completion of the sale, the executive vice president now directly owns 17,132 shares of the company’s stock, valued at approximately $1,751,918.32. This trade represents a 53.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Vice Chairman Steven L. Fradkin sold 9,100 shares of Northern Trust stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $111.00, for a total transaction of $1,010,100.00. Following the sale, the insider now directly owns 47,797 shares in the company, valued at $5,305,467. The trade was a 15.99 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 82,151 shares of company stock worth $8,489,889. Company insiders own 0.64% of the company’s stock.

Institutional Trading of Northern Trust

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Northwest Investment Counselors LLC bought a new position in shares of Northern Trust in the 3rd quarter worth approximately $39,000. Capital Performance Advisors LLP purchased a new stake in Northern Trust in the third quarter worth $48,000. Eastern Bank bought a new position in Northern Trust in the third quarter worth $51,000. Versant Capital Management Inc lifted its position in Northern Trust by 34.9% during the fourth quarter. Versant Capital Management Inc now owns 684 shares of the asset manager’s stock valued at $70,000 after buying an additional 177 shares during the period. Finally, Catalyst Capital Advisors LLC bought a new stake in Northern Trust during the third quarter worth about $68,000. 83.19% of the stock is currently owned by hedge funds and other institutional investors.

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.