.jpg "Northern (NASDAQ: NTRS)")
Deutsche Bank analyst Brian Bedell maintained a Hold rating on Northern (NTRS) today and set a price target of $76.00. The company’s shares closed last Thursday at $85.35.
According to TipRanks.com, Bedell is a 4-star analyst with an average return of 1.4% and a 45.9% success rate. Bedell covers the Financial sector, focusing on stocks such as Intercontinental Exchange, Apollo Global Management, and WisdomTree Investments.
The word on The Street in general, suggests a Hold analyst consensus rating for Northern with a $86.05 average price target, which is a 1.4% upside from current levels. In a report issued on March 25, Wolfe Research also upgraded the stock to Hold.
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Based on Northern’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.34 billion and net profit of $371 million. In comparison, last year the company earned revenue of $1.31 billion and had a net profit of $410 million.
Based on the recent corporate insider activity of 134 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of NTRS in relation to earlier this year. Most recently, in February 2020, Peter Cherecwich, the President of NTRS sold 32,403 shares for a total of $3,343,666.
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 the following segments: Corporate & Institutional Services and Wealth Management. The Corporate & Institutional Services Segment offers asset servicing, brokerage, banking and related services to corporate and public retirement funds, foundations, endowments, fund managers, insurance companies, and sovereign wealth funds. The Wealth Management Segment includes trust, investment management, custody, and philanthropic services, financial consulting; guardianship and estate administration, family business consulting; family financial education, brokerage services and private and business banking. Northern Trust was founded in 1971 and is headquartered in Chicago, IL.
