Today Deutsche Bank Maintains a “Hold” Rating on Northern Trust (NASDAQ:NTRS) and a $115 Target Price

October 11, 2018 - By whatsonthorold

Northern Trust Corporation (NASDAQ:NTRS) Logo

Investors sentiment increased to 1.03 in Q2 2018. Its up 0.21, from 0.82 in 2018Q1. It improved, as 30 investors sold Northern Trust Corporation shares while 192 reduced holdings. 60 funds opened positions while 169 raised stakes. 170.67 million shares or 1.34% less from 172.98 million shares in 2018Q1 were reported.

Chevy Chase Hldgs Inc has invested 0.09% in Northern Trust Corporation (NASDAQ:NTRS). Natixis accumulated 0.11% or 210,250 shares. Peak6 Lp holds 0.01% or 14,193 shares in its portfolio. Hbk L P holds 0.01% or 15,330 shares. Lord Abbett And Lc holds 0.05% of its portfolio in Northern Trust Corporation (NASDAQ:NTRS) for 175,300 shares. Meritage holds 60,350 shares. Benin Corp reported 0.88% of its portfolio in Northern Trust Corporation (NASDAQ:NTRS). Lincoln Lc accumulated 0.2% or 3,488 shares. Blair William & Il accumulated 723,747 shares. Putnam Invs holds 0.02% in Northern Trust Corporation (NASDAQ:NTRS) or 90,767 shares. Palisade Cap Nj reported 14,000 shares. Two Sigma Securities Ltd holds 0% or 6,556 shares. Massmutual Fsb Adv stated it has 41 shares. Spectrum Gru stated it has 425 shares. Boston Common Asset Limited, a Massachusetts-based fund reported 83,533 shares.

Since April 24, 2018, it had 0 buys, and 9 sales for $6.29 million activity. $606,737 worth of stock was sold by Parker Teresa on Friday, July 20. Shares for $348,260 were sold by St Clair Joyce on Wednesday, July 18. $511,351 worth of stock was sold by Thomas Shundrawn A on Friday, July 20. 2,913 shares were sold by Schreuder Jana R, worth $312,798. Blake Aileen B sold $753,221 worth of stock or 7,163 shares. $1.54 million worth of Northern Trust Corporation (NASDAQ:NTRS) shares were sold by MORRISON WILLIAM L.

Northern Trust (NASDAQ:NTRS) Rating Reaffirmed

They currently have a $115 target on Northern Trust (NASDAQ:NTRS). The target price by Deutsche Bank would suggest a potential upside of 13.43 % from the company’s stock close price. This has been revealed in a research report on Thursday morning.

Northern Trust Corporation (NASDAQ:NTRS) Ratings Coverage

Among 7 analysts covering Northern Trust (NASDAQ:NTRS), 2 have Buy rating, 1 Sell and 4 Hold. Therefore 29% are positive. Northern Trust has $125 highest and $107 lowest target. $116.71’s average target is 15.12% above currents $101.38 stock price. Northern Trust had 8 analyst reports since April 18, 2018 according to SRatingsIntel. The firm earned “Neutral” rating on Friday, July 20 by Citigroup. The rating was maintained by Keefe Bruyette & Woods with “Hold” on Tuesday, April 17. Morgan Stanley maintained the shares of NTRS in report on Thursday, July 19 with “Underweight” rating. The rating was maintained by Credit Suisse on Wednesday, April 18 with “Neutral”. The company was maintained on Tuesday, April 17 by RBC Capital Markets. The firm earned “Buy” rating on Monday, October 8 by UBS. The stock of Northern Trust Corporation (NASDAQ:NTRS) has “Hold” rating given on Thursday, August 16 by Deutsche Bank. The stock has “Neutral” rating by Credit Suisse on Friday, August 10.

The stock decreased 0.53% or $0.54 during the last trading session, reaching $101.38. About 239,674 shares traded. Northern Trust Corporation (NASDAQ:NTRS) has risen 16.31% since October 11, 2017 and is uptrending. It has outperformed by 0.69% the S&P500.

Analysts await Northern Trust Corporation (NASDAQ:NTRS) to report earnings on October, 17. They expect $1.62 earnings per share, up 35.00 % or $0.42 from last year’s $1.2 per share. NTRS’s profit will be $361.71 million for 15.65 P/E if the $1.62 EPS becomes a reality. After $1.72 actual earnings per share reported by Northern Trust Corporation for the previous quarter, Wall Street now forecasts -5.81 % negative EPS growth.

Northern Trust Corporation, a financial holding company, provides asset servicing, fund administration, asset management, fiduciary, and banking solutions for firms, institutions, families, and individuals worldwide. The company has market cap of $22.64 billion. It operates through two divisions, Corporate & Institutional Services and Wealth Management. It has a 16.98 P/E ratio. The C&IS segment offers asset servicing and related services, including global custody, fund administration, investment activities 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.

Another recent and important Northern Trust Corporation (NASDAQ:NTRS) news was published by which published an article titled: “Northern Trust launches Integrated Trading Solutions” on October 01, 2018.

Northern Trust Corporation (NASDAQ:NTRS) Institutional Positions Chart

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