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.
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.
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