Analysts Set Northern Trust Co. (NASDAQ:NTRS) PT at $107.17

Northern Trust Co. (NASDAQ:NTRS) has earned an average rating of “Hold” from the twelve brokerages that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $107.17.

A number of equities research analysts have weighed in on NTRS shares. Truist Financial initiated coverage on Northern Trust in a report on Tuesday, January 7th. They set a “hold” rating and a $110.00 price objective on the stock. UBS Group raised their target price on Northern Trust from $86.00 to $92.00 and gave the company a “neutral” rating in a research note on Tuesday, October 8th. Barclays boosted their price target on Northern Trust from $115.00 to $118.00 and gave the stock an “equal weight” rating in a research report on Monday, January 6th. Deutsche Bank Aktiengesellschaft increased their price target on Northern Trust from $100.00 to $108.00 and gave the company a “hold” rating in a research note on Monday, November 11th. Finally, Bank of America increased their target price on shares of Northern Trust from $103.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, October 24th.

Northern Trust Stock Down 2.7 %

Shares of Northern Trust stock opened at $99.46 on Thursday. The stock has a market cap of $19.71 billion, a price-to-earnings ratio of 12.37, a price-to-earnings-growth ratio of 1.18 and a beta of 1.08. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.58. Northern Trust has a twelve month low of $76.67 and a twelve month high of $111.87. The company has a fifty day moving average price of $105.67 and a 200 day moving average price of $95.08.

Northern Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 1st. Stockholders of record on Friday, December 6th were given a dividend of $0.75 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $3.00 annualized dividend and a dividend yield of 3.02%. Northern Trust’s dividend payout ratio (DPR) is currently 37.31%.

Insiders Place Their Bets

In related news, Vice Chairman Steven L. Fradkin sold 27,874 shares of the stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $100.50, for a total transaction of $2,801,337.00. Following the completion of the sale, the insider now owns 46,078 shares in the company, valued at $4,630,839. This trade represents a 37.69 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Thomas A. South sold 5,000 shares of the business’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $105.80, for a total transaction of $529,000.00. Following the completion of the transaction, the executive vice president now owns 49,756 shares in the company, valued at approximately $5,264,184.80. This trade represents a 9.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 82,151 shares of company stock worth $8,489,889 over the last quarter. Company insiders own 0.64% of the company’s stock.

Institutional Investors Weigh In On Northern Trust

Hedge funds have recently added to or reduced their stakes in the stock. InvesTrust bought a new position in Northern Trust in the 4th quarter valued at $7,608,000. Neville Rodie & Shaw Inc. bought a new position in Northern Trust in the fourth quarter valued at about $256,000. Nordea Investment Management AB increased its position in Northern Trust by 6.6% in the fourth quarter. Nordea Investment Management AB now owns 15,345 shares of the asset manager’s stock worth $1,576,000 after purchasing an additional 954 shares during the period. Everence Capital Management Inc. increased its position in Northern Trust by 144.6% in the fourth quarter. Everence Capital Management Inc. now owns 14,937 shares of the asset manager’s stock worth $1,531,000 after purchasing an additional 8,830 shares during the period. Finally, GAMMA Investing LLC lifted its position in Northern Trust by 18.9% during the 4th quarter. GAMMA Investing LLC now owns 4,268 shares of the asset manager’s stock valued at $437,000 after purchasing an additional 677 shares during the period. Institutional investors own 83.19% of the company’s stock.

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.