Northern Trust Co. (NASDAQ:NTRS) Given Average Recommendation of “Hold” by Analysts

Northern Trust Co. (NASDAQ:NTRS) has been assigned an average recommendation of “Hold” from the ten brokerages that are covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $85.82.

A number of brokerages have weighed in on NTRS. Jefferies Financial Group boosted their price target on Northern Trust from $101.00 to $103.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. Evercore ISI boosted their price target on Northern Trust from $86.00 to $87.00 and gave the stock an “in-line” rating in a research report on Thursday, April 4th. Finally, Bank of America boosted their price target on Northern Trust from $93.00 to $101.00 and gave the stock a “buy” rating in a research report on Wednesday, April 17th.

Northern Trust Stock Performance

Shares of NASDAQ NTRS opened at $82.76 on Friday. The business’s 50-day moving average price is $83.47 and its two-hundred day moving average price is $83.09. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.71 and a quick ratio of 0.71. Northern Trust has a one year low of $62.44 and a one year high of $89.25. The company has a market capitalization of $16.93 billion, a P/E ratio of 18.27, a price-to-earnings-growth ratio of 1.16 and a beta of 1.10.

Northern Trust (NASDAQ:NTRS) last issued its earnings results on Tuesday, April 16th. The asset manager reported $1.70 EPS for the quarter, beating analysts’ consensus estimates of $1.47 by $0.23. Northern Trust had a return on equity of 12.57% and a net margin of 7.59%. The firm had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.79 billion. Analysts anticipate that Northern Trust will post 6.88 earnings per share for the current fiscal year.

Northern Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 7th will be issued a $0.75 dividend. The ex-dividend date is Friday, June 7th. This represents a $3.00 annualized dividend and a yield of 3.62%. Northern Trust’s dividend payout ratio (DPR) is 66.23%.

Insider Buying and Selling at Northern Trust

In other Northern Trust news, insider Peter Cherecwich sold 12,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $87.09, for a total value of $1,045,080.00. Following the completion of the transaction, the insider now owns 31,471 shares of the company’s stock, valued at approximately $2,740,809.39. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Northern Trust news, insider Peter Cherecwich sold 12,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $87.09, for a total value of $1,045,080.00. Following the completion of the transaction, the insider now owns 31,471 shares of the company’s stock, valued at approximately $2,740,809.39. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Steven L. Fradkin sold 4,097 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the insider now owns 46,078 shares in the company, valued at $3,804,199.68. The disclosure for this sale can be found here. Insiders own 0.64% of the company’s stock.

Institutional Investors Weigh In On Northern Trust

Several large investors have recently modified their holdings of the stock. Ballast Inc. grew its stake in shares of Northern Trust by 1.1% in the 4th quarter. Ballast Inc. now owns 12,208 shares of the asset manager’s stock valued at $1,030,000 after purchasing an additional 136 shares during the period. Mather Group LLC. grew its position in Northern Trust by 3.6% during the 4th quarter. Mather Group LLC. now owns 4,271 shares of the asset manager’s stock worth $360,000 after acquiring an additional 147 shares during the last quarter. Aviance Capital Partners LLC grew its position in Northern Trust by 1.8% during the 4th quarter. Aviance Capital Partners LLC now owns 8,585 shares of the asset manager’s stock worth $724,000 after acquiring an additional 150 shares during the last quarter. Diversified Trust Co grew its position in Northern Trust by 1.9% during the 4th quarter. Diversified Trust Co now owns 8,531 shares of the asset manager’s stock worth $720,000 after acquiring an additional 156 shares during the last quarter. Finally, Quent Capital LLC grew its position in Northern Trust by 77.8% during the 4th quarter. Quent Capital LLC now owns 361 shares of the asset manager’s stock worth $30,000 after acquiring an additional 158 shares during the last quarter. 83.19% of the stock is currently owned by institutional investors.

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.