Northern Trust Co. (NASDAQ:NTRS) Receives $84.92 Average Target Price from Analysts

Shares of Northern Trust Co. (NASDAQ:NTRS) have earned an average rating of “Hold” from the ten brokerages that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $84.92.

A number of analysts have recently commented on NTRS shares. TheStreet upgraded shares of Northern Trust from a “c+” rating to a “b-” rating in a research note on Friday, January 12th. Morgan Stanley reiterated an “underweight” rating and issued a $86.00 price target (up from $82.00) on shares of Northern Trust in a research note on Tuesday, January 30th. Evercore ISI lifted their price target on shares of Northern Trust from $86.00 to $87.00 and gave the stock an “in-line” rating in a research note on Thursday, April 4th. Jefferies Financial Group lifted their price target on shares of Northern Trust from $101.00 to $103.00 and gave the stock a “buy” rating in a research note on Thursday, April 18th. Finally, Royal Bank of Canada raised their price objective on shares of Northern Trust from $82.00 to $86.00 and gave the stock an “outperform” rating in a report on Friday, January 19th.

Northern Trust Stock Performance

Shares of NTRS stock opened at $85.02 on Friday. The company has a 50 day moving average price of $84.07 and a 200-day moving average price of $80.36. Northern Trust has a 52 week low of $62.44 and a 52 week high of $89.25. The firm has a market capitalization of $17.39 billion, a PE ratio of 18.77, a P/E/G ratio of 1.21 and a beta of 1.13. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.61.

Northern Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 7th will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 3.53%. The ex-dividend date is Friday, June 7th. Northern Trust’s payout ratio is currently 66.23%.

Insider Activity

In other news, insider Steven L. Fradkin sold 30,392 shares of Northern Trust stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $80.11, for a total transaction of $2,434,703.12. Following the sale, the insider now owns 55,707 shares in the company, valued at $4,462,687.77. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, insider Steven L. Fradkin sold 4,097 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $82.56, for a total value of $338,248.32. Following the sale, the insider now owns 46,078 shares in the company, valued at $3,804,199.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Steven L. Fradkin sold 30,392 shares of the stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $80.11, for a total transaction of $2,434,703.12. Following the completion of the sale, the insider now directly owns 55,707 shares in the company, valued at approximately $4,462,687.77. The disclosure for this sale can be found here. Company insiders own 0.64% of the company’s stock.

Institutional Trading of Northern Trust

Hedge funds and other institutional investors have recently bought and sold shares of the business. Cambridge Investment Research Advisors Inc. boosted its position in Northern Trust by 1.3% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 14,841 shares of the asset manager’s stock valued at $1,031,000 after buying an additional 192 shares during the period. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Northern Trust by 7.1% in the third quarter. Robeco Institutional Asset Management B.V. now owns 16,197 shares of the asset manager’s stock valued at $1,125,000 after purchasing an additional 1,076 shares during the period. Xponance Inc. grew its stake in Northern Trust by 4.0% in the third quarter. Xponance Inc. now owns 27,987 shares of the asset manager’s stock worth $1,945,000 after purchasing an additional 1,072 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Northern Trust by 29.1% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 86,214 shares of the asset manager’s stock worth $5,990,000 after purchasing an additional 19,427 shares during the period. Finally, Mackenzie Financial Corp raised its position in Northern Trust by 2.4% during the 3rd quarter. Mackenzie Financial Corp now owns 26,004 shares of the asset manager’s stock valued at $1,738,000 after purchasing an additional 616 shares in the last quarter. Hedge funds and other 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.