Vining Sparks analyst Marty Mosby maintained a Buy rating on Northern Trust (NASDAQ: NTRS) today and set a price target of $130. The company’s shares opened today at $106.11.
According to TipRanks.com, Mosby is a top 100 analyst with an average return of 15.8% and a 73.7% success rate. Mosby covers the Financial sector, focusing on stocks such as Huntington Bancshares Inc, Goldman Sachs Group Inc, and Fifth Third Bancorp.
Currently, the analyst consensus on Northern Trust is a Moderate Buy with an average price target of $120.50.
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Based on Northern Trust’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $385 million. In comparison, last year the company earned revenue of $1.44 billion and had a net profit of $294 million.
Based on the recent corporate insider activity of 177 insiders, corporate insider sentiment is negative on the stock. Most recently, in August 2018, Biff Bowman, the CFO of NTRS sold 21,352 shares for a total of $2,372,421.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Northern Trust Corp. is a financial holding company, which engages in the provision of asset servicing, fund administration, asset management, fiduciary, and banking solutions for corporations, institutions, families, and individuals. It operates through two segments: Corporate & Institutional Services and Wealth Management.
