Stock analysts at Barclays Capital hoisted their price target on shares of Northern Trust Corp. (NASDAQ:NTRS) from $60.00 to $65.00 in a report issued on Friday, Analyst Ratings.Net reports. The firm currently has an “equal weight” rating on the stock. Barclays Capital’s price objective suggests a potential upside of 9.91% from the stock’s previous close.
Shares of Northern Trust Corp. (NASDAQ: NTRS) traded up 0.22% during mid-day trading on Friday, hitting $59.27. Northern Trust Corp. has a 52 week low of $43.69 and a 52 week high of $62.02. The stock’s 50-day moving average is currently $58.7. The company has a market cap of $14.233 billion and a P/E ratio of 20.61.
Northern Trust Corp. (NASDAQ:NTRS) last posted its quarterly earnings results on Wednesday, July 17th. The company reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by $0.04. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the previous year, the company posted $0.74 earnings per share. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. On average, analysts predict that Northern Trust Corp. will post $3.18 earnings per share for the current fiscal year.
NTRS has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Northern Trust Corp. in a research note to investors on Friday. They now have a $62.00 price target on the stock. Separately, analysts at RBC Capital raised their price target on shares of Northern Trust Corp. from $50.00 to $54.00 in a research note to investors on Thursday. They now have a “sector perform” rating on the stock. Finally, analysts at Keefe, Bruyette & Woods raised their price target on shares of Northern Trust Corp. from $56.00 to $58.00 in a research note to investors on Thursday. They now have a “market perform” rating on the stock.
Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the stock. Northern Trust Corp. has an average rating of “Hold” and an average price target of $56.57.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, October 1st. Stockholders of record on Friday, September 6th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date of this dividend is Wednesday, September 4th.
Northern Trust Corporation (NASDAQ: NTRS) is a financial holding company that is a provider of asset servicing, fund administration, asset management, fiduciary and banking solutions for corporations, institutions, families and individuals worldwide.
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