Northern Trust (NASDAQ:NTRS) Downgraded by StockNews.com to “Hold”

Northern Trust (NASDAQ:NTRS) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Tuesday.

Several other equities research analysts also recently weighed in on NTRS. Truist Financial initiated coverage on Northern Trust in a report on Tuesday, January 7th. They issued a “hold” rating and a $110.00 price objective for the company. UBS Group increased 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. Barclays raised their price objective on shares of Northern Trust from $115.00 to $118.00 and gave the stock an “equal weight” rating in a research report on Monday, January 6th. Morgan Stanley reduced their target price on shares of Northern Trust from $127.00 to $125.00 and set an “equal weight” rating for the company in a report on Friday, January 3rd. Finally, Evercore ISI raised their price target on Northern Trust from $86.00 to $103.00 and gave the stock an “in-line” rating in a report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $107.17.

Northern Trust Stock Up 4.4 %

Northern Trust stock opened at $106.12 on Tuesday. The stock has a 50-day simple moving average of $105.68 and a 200-day simple moving average of $95.42. The company has a market capitalization of $21.03 billion, a P/E ratio of 13.20, a PEG ratio of 1.18 and a beta of 1.08. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.71 and a current ratio of 0.71. Northern Trust has a fifty-two week low of $76.67 and a fifty-two week high of $111.87.

Insider Buying and Selling at Northern Trust

In other news, insider Teresa Parker sold 4,439 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $100.86, for a total value of $447,717.54. Following the completion of the sale, the insider now directly owns 79,326 shares of the company’s stock, valued at $8,000,820.36. This trade represents a 5.30 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Vice Chairman Steven L. Fradkin sold 27,874 shares of the company’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $100.50, for a total value of $2,801,337.00. Following the transaction, the insider now directly owns 46,078 shares in the company, valued at $4,630,839. This represents a 37.69 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 82,151 shares of company stock valued at $8,489,889. 0.64% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Northern Trust

Large investors have recently made changes to their positions in the stock. Allworth Financial LP increased its holdings in Northern Trust by 9.1% in the third quarter. Allworth Financial LP now owns 1,170 shares of the asset manager’s stock valued at $105,000 after buying an additional 98 shares in the last quarter. Pallas Capital Advisors LLC raised its holdings in Northern Trust by 1.8% during the fourth quarter. Pallas Capital Advisors LLC now owns 6,091 shares of the asset manager’s stock worth $624,000 after purchasing an additional 107 shares during the last quarter. Massmutual Trust Co. FSB ADV boosted its position in Northern Trust by 14.5% during the third quarter. Massmutual Trust Co. FSB ADV now owns 922 shares of the asset manager’s stock worth $83,000 after purchasing an additional 117 shares in the last quarter. DekaBank Deutsche Girozentrale grew its holdings in Northern Trust by 0.3% in the second quarter. DekaBank Deutsche Girozentrale now owns 43,713 shares of the asset manager’s stock valued at $3,608,000 after purchasing an additional 120 shares during the last quarter. Finally, Mesirow Financial Investment Management Inc. increased its position in shares of Northern Trust by 0.4% in the third quarter. Mesirow Financial Investment Management Inc. now owns 35,673 shares of the asset manager’s stock valued at $3,212,000 after buying an additional 127 shares in the last quarter. Hedge funds and other institutional investors own 83.19% of the company’s stock.

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.