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

Shares of Northern Trust Co. (NASDAQ:NTRS) have been given an average recommendation of “Hold” by the twelve analysts that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $113.08.

A number of equities research analysts have weighed in on the company. Evercore ISI lowered their price objective on Northern Trust from $113.00 to $104.00 and set an “in-line” rating on the stock in a report on Tuesday, April 1st. UBS Group lifted their price target on Northern Trust from $110.00 to $114.00 and gave the company a “neutral” rating in a research note on Monday, January 27th. Bank of America decreased their target price on shares of Northern Trust from $123.00 to $121.00 and set a “buy” rating on the stock in a research report on Wednesday, April 2nd. Barclays raised their price objective on shares of Northern Trust from $115.00 to $118.00 and gave the company an “equal weight” rating in a research note on Monday, January 6th. Finally, Truist Financial dropped their target price on shares of Northern Trust from $116.00 to $98.00 and set a “hold” rating for the company in a report on Friday, April 4th.

Insider Buying and Selling at Northern Trust

In related news, COO Peter Cherecwich sold 26,132 shares of the stock in a transaction dated Wednesday, January 29th. The stock was sold at an average price of $112.36, for a total transaction of $2,936,191.52. Following the transaction, the chief operating officer now directly owns 26,586 shares in the company, valued at approximately $2,987,202.96. This represents a 49.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Jane Karpinski sold 2,262 shares of the firm’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $111.33, for a total value of $251,828.46. Following the completion of the sale, the executive vice president now directly owns 17,236 shares in the company, valued at approximately $1,918,883.88. The trade was a 11.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 35,335 shares of company stock worth $3,970,211. Insiders own 0.77% of the company’s stock.

Institutional Trading of Northern Trust

Several institutional investors have recently made changes to their positions in the stock. Chicago Capital LLC grew its position in Northern Trust by 5.2% during the first quarter. Chicago Capital LLC now owns 14,328 shares of the asset manager’s stock valued at $1,413,000 after acquiring an additional 711 shares during the period. QRG Capital Management Inc. grew its holdings in shares of Northern Trust by 56.6% during the 1st quarter. QRG Capital Management Inc. now owns 4,571 shares of the asset manager’s stock worth $451,000 after purchasing an additional 1,652 shares during the period. Mission Wealth Management LP increased its position in Northern Trust by 6.6% during the 1st quarter. Mission Wealth Management LP now owns 8,456 shares of the asset manager’s stock worth $834,000 after purchasing an additional 527 shares in the last quarter. Brown Miller Wealth Management LLC purchased a new position in Northern Trust in the first quarter valued at approximately $351,000. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH acquired a new position in Northern Trust during the first quarter valued at approximately $297,000. 83.19% of the stock is owned by hedge funds and other institutional investors.

Northern Trust Stock Up 1.0 %

Northern Trust stock opened at $88.29 on Friday. The stock has a market capitalization of $17.28 billion, a price-to-earnings ratio of 9.03, a PEG ratio of 1.72 and a beta of 1.10. The company has a current ratio of 0.68, a quick ratio of 0.71 and a debt-to-equity ratio of 0.58. The stock has a 50 day moving average of $99.92 and a two-hundred day moving average of $102.71. Northern Trust has a twelve month low of $79.68 and a twelve month high of $114.67.

Northern Trust (NASDAQ:NTRS) last posted its quarterly earnings data on Thursday, January 23rd. The asset manager reported $2.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.96 by $0.30. Northern Trust had a net margin of 12.77% and a return on equity of 13.74%. As a group, research analysts expect that Northern Trust will post 8.27 earnings per share for the current year.

Northern Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 14th were paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 3.40%. The ex-dividend date was Friday, March 14th. Northern Trust’s payout ratio is 30.67%.

About Northern Trust

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.