Northern Trust (NASDAQ:NTRS) Given New $191.50 Price Target at JPMorgan Chase & Co.

Northern Trust (NASDAQ:NTRS) had its price target increased by research analysts at JPMorgan Chase & Co. from $185.00 to $191.50 in a note issued to investors on Friday. The firm presently has a “neutral” rating on the asset manager’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 13.21% from the company’s previous close.

A number of other research firms have also issued reports on NTRS. TD Cowen began coverage on shares of Northern Trust in a report on Thursday, October 8th. They issued a “hold” rating and a $175.00 target price on the stock. BMO Capital Markets lowered their price target on shares of Northern Trust from $208.00 to $190.00 and set an “outperform” rating for the company in a report on Tuesday, October 6th. Citigroup cut their price objective on shares of Northern Trust from $186.00 to $170.00 and set a “neutral” rating for the company in a research report on Friday, October 23rd. Zacks Research downgraded shares of Northern Trust from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 25th. Finally, Evercore set a $183.00 target price on shares of Northern Trust in a research report on Thursday, October 1st. Two analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Northern Trust presently has a consensus rating of “Hold” and an average target price of $181.03.

Northern Trust Price Performance

Shares of NTRS stock traded down $3.76 during midday trading on Friday, reaching $169.16. 1,219,679 shares of the company traded hands, compared to its average volume of 1,102,797. Northern Trust has a 1-year low of $121.53 and a 1-year high of $195.78. The firm has a market cap of $30.95 billion, a PE ratio of 13.26, a price-to-earnings-growth ratio of 0.88 and a beta of 1.24. The firm’s 50 day simple moving average is $175.79 and its two-hundred day simple moving average is $165.17. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.61 and a quick ratio of 0.65.

Northern Trust (NASDAQ:NTRS) last released its quarterly earnings results on Wednesday, October 21st. The asset manager reported $3.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.87 by $0.53. Northern Trust had a return on equity of 17.97% and a net margin of 15.86%. The business had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.26 billion. During the same quarter in the previous year, the company posted $2.29 EPS. The business’s revenue was up 13.4% on a year-over-year basis. On average, equities research analysts expect that Northern Trust will post 11.95 EPS for the current fiscal year.

Insider Activity

In other Northern Trust news, EVP Thomas South sold 1,800 shares of the business’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $184.90, for a total value of $332,820.00. Following the sale, the executive vice president directly owned 92,917 shares in the company, valued at approximately $17,180,353.30. The trade was a 1.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Susan Levy sold 3,922 shares of the firm’s stock in a transaction that occurred on Monday, October 26th. The shares were sold at an average price of $168.69, for a total value of $661,602.18. Following the completion of the sale, the executive vice president directly owned 59,378 shares in the company, valued at $10,016,474.82. This trade represents a 6.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 22,706 shares of company stock valued at $3,850,282 in the last ninety days. Company insiders own 0.66% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. V Square Quantitative Management LLC grew its position in shares of Northern Trust by 1.3% in the 1st quarter. V Square Quantitative Management LLC now owns 4,793 shares of the asset manager’s stock valued at $669,000 after purchasing an additional 61 shares during the period. Versant Capital Management Inc boosted its holdings in shares of Northern Trust by 2.1% in the third quarter. Versant Capital Management Inc now owns 3,379 shares of the asset manager’s stock valued at $572,000 after buying an additional 70 shares during the period. Greenleaf Trust raised its holdings in shares of Northern Trust by 0.6% during the second quarter. Greenleaf Trust now owns 12,575 shares of the asset manager’s stock worth $2,186,000 after acquiring an additional 71 shares during the period. CWS Financial Advisors LLC raised its holdings in shares of Northern Trust by 2.0% during the first quarter. CWS Financial Advisors LLC now owns 3,997 shares of the asset manager’s stock worth $558,000 after acquiring an additional 77 shares during the period. Finally, Compound Planning Inc. lifted its position in Northern Trust by 4.7% in the 1st quarter. Compound Planning Inc. now owns 1,770 shares of the asset manager’s stock valued at $247,000 after acquiring an additional 79 shares in the last quarter. Institutional investors and hedge funds own 83.19% of the company’s stock.

About Northern Trust

Northern Trust Corporation (NASDAQ:NTRS) is a financial services company that provides wealth management, asset servicing, asset management and banking services. The company serves institutional investors, corporations, financial institutions, high-net-worth individuals and families.

Its offerings include custody and administration of investment assets, fund accounting, securities lending, foreign exchange, treasury services, investment management, trust and estate services, private banking and wealth planning.