Analyst Rating Update on Northern Trust Corporation (NTRS)

Northern Trust Corporation (NASDAQ:NTRS) : Zacks Investment Research ranks Northern Trust Corporation (NASDAQ:NTRS) as 4, which is a Sell recommendation. 1 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. Not everyone is convinced about the stocks future, hence, the stock receives 3 Sell recommendation. A total of 8 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 13 research analysts is 2.98, which indicates as a Hold.

Northern Trust Corporation (NASDAQ:NTRS) : The most positive equity analysts on Northern Trust Corporation (NASDAQ:NTRS) expects the shares to touch $83, whereas, the least positive believes that the stock will trade at $64 in the short term. The company is covered by 13 Wall Street Brokerage Firms. The average price target for shares are $72.65 with an expected fluctuation of $5.34 from the mean.

Company shares have received an average consensus rating of Hold for the current week Also, In a research note released to the investors, Deutsche Bank maintains its rating on Northern Trust Corporation (NASDAQ:NTRS).The analysts at the brokerage house have a current rating of Hold on the shares. In a recent information released to the investors, Deutsche Bank lowers the new price target from $76 per share to $73 per share. The rating by the firm was issued on June 16, 2016.

Northern Trust Corporation (NASDAQ:NTRS): stock turned positive on Tuesday. Though the stock opened at $62.84, the bulls momentum made the stock top out at $63.635 level for the day. The stock recorded a low of $61.77 and closed the trading day at $63.57, in the green by 3.08%. The total traded volume for the day was 2,125,611. The stock had closed at $61.67 in the previous days trading.

In an insider trading activity, The Securities and Exchange Commission has divulged that Cherecwich Peter, officer (EVP, Global Fund Services) of Northern Trust Corp, had unloaded 58,260 shares at an average price of $71.78 in a transaction dated on April 21, 2016. The total value of the transaction was worth $4,181,903.

Northern Trust Corporation is a financial holding company. The Company provides asset servicing, fund administration, asset management, fiduciary and banking solutions for corporations, institutions, families and individuals around the world. The Companys operating segments include Corporate & Institutional Services (C&IS), Wealth Management and Treasury and Other. The Company has a network of offices in 19 states in the United States, Washington, D.C. and 20 international locations in Canada, Europe, the Middle East and the Asia-Pacific region. Asset Management, through the Companys various subsidiaries, supports the C&IS and Wealth Management segments by providing a range of asset management and related services and other products to customers around the world. The Companys subsidiary is The Northern Trust Company.

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