Northern Trust (NTRS) Upgraded at ValuEngine

Northern Trust (NASDAQ:NTRS) was upgraded by investment analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Monday, April 1st, ValuEngine reports.

Other research analysts have also issued research reports about the company. Zacks Investment Research lowered Northern Trust from a “hold” rating to a “sell” rating in a report on Monday, January 14th. Raymond James lowered Northern Trust from a “strong-buy” rating to a “market perform” rating and set a $89.93 price objective for the company. in a report on Thursday, January 24th. Credit Suisse Group reissued a “hold” rating and set a $101.00 price objective on shares of Northern Trust in a report on Tuesday, February 19th. Morgan Stanley cut their price objective on Northern Trust from $109.00 to $96.00 and set an “underweight” rating for the company in a report on Tuesday, January 8th. Finally, Royal Bank of Canada cut their price objective on Northern Trust to $108.00 and set an “outperform” rating for the company in a report on Thursday, January 24th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company. Northern Trust presently has an average rating of “Hold” and an average target price of $110.45.

NTRS traded up $1.79 during trading hours on Monday, hitting $97.73. The stock had a trading volume of 2,056,808 shares, compared to its average volume of 1,269,574. Northern Trust has a 1 year low of $75.96 and a 1 year high of $115.61. The firm has a market cap of $19.93 billion, a P/E ratio of 14.52, a price-to-earnings-growth ratio of 1.21 and a beta of 1.06. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.64 and a current ratio of 0.64.

Northern Trust (NASDAQ:NTRS) last announced its quarterly earnings data on Tuesday, April 23rd. The asset manager reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.02. Northern Trust had a return on equity of 16.62% and a net margin of 23.37%. The company had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.47 billion. During the same quarter last year, the firm posted $1.58 EPS. The firm’s revenue for the quarter was up .3% on a year-over-year basis. As a group, research analysts predict that Northern Trust will post 6.66 earnings per share for the current fiscal year.

A number of hedge funds have recently made changes to their positions in the business. First Mercantile Trust Co. grew its stake in Northern Trust by 63.6% in the fourth quarter. First Mercantile Trust Co. now owns 360 shares of the asset manager’s stock worth $30,000 after purchasing an additional 140 shares during the period. Synovus Financial Corp grew its stake in Northern Trust by 66.0% in the fourth quarter. Synovus Financial Corp now owns 503 shares of the asset manager’s stock worth $43,000 after purchasing an additional 200 shares during the period. Exane Asset Management purchased a new stake in Northern Trust in the fourth quarter worth $44,000. Rehmann Capital Advisory Group grew its stake in Northern Trust by 161.3% in the third quarter. Rehmann Capital Advisory Group now owns 473 shares of the asset manager’s stock worth $48,000 after purchasing an additional 292 shares during the period. Finally, Shine Investment Advisory Services Inc. grew its stake in Northern Trust by 24.5% in the first quarter. Shine Investment Advisory Services Inc. now owns 574 shares of the asset manager’s stock worth $52,000 after purchasing an additional 113 shares during the period. Hedge funds and other institutional investors own 78.95% of the company’s stock.

About Northern Trust

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, Corporate & Institutional Services (C&IS) and Wealth Management.

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Analyst Recommendations for Northern Trust (NASDAQ:NTRS)

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