Northern Trust (NTRS) Downgraded by BidaskClub

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

A number of other research firms also recently weighed in on NTRS. Jefferies Financial Group reaffirmed a “buy” rating and set a $122.00 price target on shares of Northern Trust in a research note on Friday, April 6th. Goldman Sachs Group raised Northern Trust from a “neutral” rating to a “buy” rating and set a $121.00 price target on the stock in a research note on Monday, April 2nd. Royal Bank of Canada reaffirmed a “buy” rating on shares of Northern Trust in a research note on Wednesday, April 18th. Zacks Investment Research downgraded Northern Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, March 13th. Finally, Credit Suisse Group upped their price target on Northern Trust from $103.00 to $107.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 18th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $110.75.

Shares of Northern Trust opened at $104.02 on Tuesday, Marketbeat.com reports. The stock has a market capitalization of $23.15 billion, a PE ratio of 21.54, a price-to-earnings-growth ratio of 1.36 and a beta of 0.93. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.66 and a current ratio of 0.66. Northern Trust has a 1 year low of $85.69 and a 1 year high of $110.81.

Northern Trust (NASDAQ:NTRS) last announced its quarterly earnings data on Tuesday, April 17th. The asset manager reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.16. The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.45 billion. Northern Trust had a return on equity of 13.88% and a net margin of 21.84%. The firm’s revenue was up 14.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.09 EPS. equities research analysts forecast that Northern Trust will post 6.51 EPS for the current fiscal year.

In other Northern Trust news, COO Jana R. Schreuder sold 2,627 shares of the business’s stock in a transaction that occurred on Tuesday, April 24th. The stock was sold at an average price of $108.08, for a total transaction of $283,926.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Aileen B. Blake sold 7,163 shares of the business’s stock in a transaction that occurred on Monday, May 7th. The stock was sold at an average price of $105.15, for a total value of $753,189.45. The disclosure for this sale can be found here. Insiders have sold a total of 27,682 shares of company stock valued at $2,924,955 over the last three months. Corporate insiders own 1.04% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. Signaturefd LLC bought a new stake in Northern Trust during the 1st quarter worth approximately $102,000. Whittier Trust Co. of Nevada Inc. bought a new stake in Northern Trust during the 1st quarter worth approximately $103,000. Truewealth LLC bought a new stake in Northern Trust during the 4th quarter worth approximately $110,000. Quantbot Technologies LP bought a new stake in Northern Trust during the 1st quarter worth approximately $167,000. Finally, Bray Capital Advisors bought a new stake in Northern Trust during the 1st quarter worth approximately $188,000. 78.09% of the stock is owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Northern Trust (NASDAQ:NTRS)

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