Northern Trust (NASDAQ:NTRS) Given New $108.00 Price Target at Deutsche Bank Aktiengesellschaft

Northern Trust (NASDAQ:NTRS) had its target price raised by Deutsche Bank Aktiengesellschaft from $100.00 to $108.00 in a report released on Monday morning,Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the asset manager’s stock.

Several other analysts also recently commented on the stock. Evercore ISI increased their target price on shares of Northern Trust from $86.00 to $103.00 and gave the company an “in-line” rating in a report on Thursday, October 24th. Royal Bank of Canada lifted their price objective on Northern Trust from $100.00 to $107.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Bank of America boosted their target price on shares of Northern Trust from $103.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Barclays upped their price target on Northern Trust from $98.00 to $115.00 and gave the company an “equal weight” rating in a research report on Thursday, October 24th. Finally, Wells Fargo & Company upped their price objective on shares of Northern Trust from $92.00 to $108.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 24th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Northern Trust has an average rating of “Hold” and an average price target of $100.50.

Northern Trust Stock Up 0.7 %

Shares of Northern Trust stock traded up $0.80 on Monday, hitting $107.55. The company had a trading volume of 43,772 shares, compared to its average volume of 1,295,883. Northern Trust has a 1 year low of $69.98 and a 1 year high of $108.53. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.71 and a current ratio of 0.71. The stock has a 50 day moving average of $94.25 and a 200-day moving average of $88.28. The stock has a market capitalization of $21.32 billion, a price-to-earnings ratio of 13.28, a P/E/G ratio of 1.22 and a beta of 1.06.

Northern Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Friday, December 6th will be given a $0.75 dividend. The ex-dividend date is Friday, December 6th. This represents a $3.00 annualized dividend and a dividend yield of 2.79%. Northern Trust’s dividend payout ratio is 37.31%.

Insiders Place Their Bets

In other news, EVP Thomas A. South sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $105.80, for a total value of $529,000.00. Following the completion of the transaction, the executive vice president now owns 49,756 shares in the company, valued at $5,264,184.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, EVP Thomas A. South sold 5,000 shares of Northern Trust stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $105.80, for a total transaction of $529,000.00. Following the completion of the transaction, the executive vice president now directly owns 49,756 shares of the company’s stock, valued at $5,264,184.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Vice Chairman Steven L. Fradkin sold 27,874 shares of the company’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $100.50, for a total transaction of $2,801,337.00. Following the completion of the sale, the insider now owns 46,078 shares in the company, valued at approximately $4,630,839. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 80,906 shares of company stock worth $8,176,652. Company insiders own 0.64% of the company’s stock.

Hedge Funds Weigh In On Northern Trust

Large investors have recently modified their holdings of the stock. Olistico Wealth LLC purchased a new position in Northern Trust in the 2nd quarter worth approximately $25,000. Innealta Capital LLC purchased a new stake in shares of Northern Trust during the 2nd quarter valued at about $26,000. Ridgewood Investments LLC bought a new position in Northern Trust in the second quarter worth approximately $30,000. Northwest Investment Counselors LLC purchased a new position in Northern Trust during the third quarter valued at $39,000. Finally, Versant Capital Management Inc increased its holdings in Northern Trust by 343.9% in the 2nd quarter. Versant Capital Management Inc now owns 435 shares of the asset manager’s stock worth $37,000 after acquiring an additional 337 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.