Northern Trust (NTRS) Gets a Sell Rating from Morgan Stanley

Morgan Stanley analyst Betsy Graseck maintained a Sell rating on Northern Trust (NTRSResearch Report) today and set a price target of $93. The company’s shares closed last Monday at $98.01.

According to TipRanks.com, Graseck is a 4-star analyst with an average return of 5.6% and a 52.9% success rate. Graseck covers the Financial sector, focusing on stocks such as Discover Financial Services, Santander Consumer USA, and Capital One Financial.

The word on The Street in general, suggests a Hold analyst consensus rating for Northern Trust with a $94.20 average price target.

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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 $386 million. In comparison, last year the company had a net profit of $385 million.

Based on the recent corporate insider activity of 122 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.

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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.