J.P. Morgan Remains a Hold on Northern (NTRS)


In a report released today, Vivek Juneja from J.P. Morgan maintained a Hold rating on Northern (NTRS), with a price target of $84.50. The company’s shares closed last Wednesday at $72.75.

According to TipRanks.com, Juneja is ranked #183 out of 6520 analysts.

Northern has an analyst consensus of Hold, with a price target consensus of $81.35, a 10.3% upside from current levels. In a report issued on April 27, Citigroup also maintained a Hold rating on the stock with a $82.00 price target.

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Northern’s market cap is currently $15.2B and has a P/E ratio of 11.30. The company has a Price to Book ratio of 1.69.

Based on the recent corporate insider activity of 131 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.

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