Northern Trust Co. (NASDAQ:NTRS) Receives Consensus Rating of “Hold” from Analysts

Northern Trust Co. (NASDAQ:NTRS) has been assigned a consensus rating of “Hold” from the twelve ratings firms that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $110.83.

Several research firms have recently weighed in on NTRS. Royal Bank of Canada lowered their price objective on shares of Northern Trust from $115.00 to $105.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 23rd. Morgan Stanley lowered their price objective on shares of Northern Trust from $136.00 to $132.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 2nd. Evercore ISI lowered their price objective on shares of Northern Trust from $104.00 to $100.00 and set an “in-line” rating on the stock in a research note on Wednesday, April 23rd. Keefe, Bruyette & Woods boosted their price objective on shares of Northern Trust from $113.00 to $122.00 and gave the stock a “market perform” rating in a research note on Friday, January 24th. Finally, Wells Fargo & Company lowered their price objective on shares of Northern Trust from $118.00 to $111.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 23rd.

Northern Trust Stock Up 1.4%

Shares of NTRS stock opened at $107.14 on Wednesday. The company has a current ratio of 0.68, a quick ratio of 0.71 and a debt-to-equity ratio of 0.58. Northern Trust has a 1 year low of $79.68 and a 1 year high of $114.67. The firm’s fifty day moving average price is $95.06 and its two-hundred day moving average price is $102.95. The firm has a market capitalization of $20.84 billion, a P/E ratio of 10.96, a PEG ratio of 1.72 and a beta of 1.18.

Northern Trust (NASDAQ:NTRS) last issued its quarterly earnings results on Tuesday, April 22nd. The asset manager reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.85 by $0.05. Northern Trust had a net margin of 12.77% and a return on equity of 13.74%. The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.95 billion. On average, equities analysts predict that Northern Trust will post 8.27 EPS for the current fiscal year.

Northern Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 6th will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date is Friday, June 6th. Northern Trust’s dividend payout ratio is currently 27.99%.

Insider Buying and Selling at Northern Trust

In other Northern Trust news, insider Teresa Parker sold 6,467 shares of the business’s stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $100.62, for a total value of $650,709.54. Following the completion of the sale, the insider now owns 79,391 shares of the company’s stock, valued at $7,988,322.42. The trade was a 7.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Clive Bellows sold 3,300 shares of the company’s stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $99.95, for a total transaction of $329,835.00. Following the sale, the executive vice president now directly owns 28,736 shares of the company’s stock, valued at approximately $2,872,163.20. This trade represents a 10.30% decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,571 shares of company stock valued at $1,410,397 in the last quarter. Company insiders own 0.77% of the company’s stock.

Institutional Trading of Northern Trust

Institutional investors and hedge funds have recently made changes to their positions in the company. Y.D. More Investments Ltd lifted its holdings in shares of Northern Trust by 118.4% during the 4th quarter. Y.D. More Investments Ltd now owns 249 shares of the asset manager’s stock worth $26,000 after acquiring an additional 135 shares during the period. Colonial Trust Co SC increased its position in Northern Trust by 6,400.0% during the 4th quarter. Colonial Trust Co SC now owns 260 shares of the asset manager’s stock worth $27,000 after purchasing an additional 256 shares in the last quarter. Continuum Advisory LLC increased its position in Northern Trust by 5,340.0% during the 1st quarter. Continuum Advisory LLC now owns 272 shares of the asset manager’s stock worth $27,000 after purchasing an additional 267 shares in the last quarter. Zions Bancorporation National Association UT acquired a new position in Northern Trust during the 1st quarter worth approximately $29,000. Finally, Empirical Asset Management LLC acquired a new position in Northern Trust during the 4th quarter worth approximately $33,000. Institutional investors own 83.19% of the company’s stock.

Northern Trust Company Profile

Northern Trust Corporation, a financial holding company, provides wealth management, asset servicing, asset management, and banking solutions for corporations, institutions, families, and individuals worldwide. It operates in two segments, Asset Servicing and Wealth Management. The Asset Servicing segment offers asset servicing and related services, including custody, fund administration, investment operations outsourcing, investment management, investment risk and analytical services, employee benefit services, securities lending, foreign exchange, treasury management, brokerage services, transition management services, banking, and cash management services.