Barclays Reaffirms Their Hold Rating on Northern (NTRS)
Barclays analyst Jason Goldberg maintained a Hold rating on Northern today and set a price target of $176.00.
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Goldberg covers the Financial sector, focusing on stocks such as JPMorgan Chase, Northern, and Truist Financial. According to TipRanks, Goldberg has an average return of 13.9% and a 69.54% success rate on recommended stocks.
In addition to Barclays, Northern also received a Hold from Goldman Sachs’s Alexander Blostein in a report issued on April 6. However, yesterday, Bank of America Securities reiterated a Buy rating on Northern (NASDAQ: NTRS).
Based on Northern’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $3.61 billion and a net profit of $466 million. In comparison, last year the company earned a revenue of $3.68 billion and had a net profit of $455.4 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. Last month, Guy Gibson, the Co-President Asset Servicing of NTRS sold 3,009.00 shares for a total of $428,451.51.
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