Northern Trust Co. (NASDAQ:NTRS) Receives $112.58 Average PT from Analysts

Northern Trust Co. (NASDAQ:NTRS) has received an average recommendation of “Hold” from the twelve ratings firms that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $112.58.

A number of brokerages have weighed in on NTRS. Truist Financial lifted their price target on shares of Northern Trust from $110.00 to $116.00 and gave the company a “hold” rating in a research note on Friday, January 24th. Keefe, Bruyette & Woods upped their target price 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. The Goldman Sachs Group lifted their price target on Northern Trust from $92.00 to $102.00 and gave the company a “sell” rating in a research note on Friday, January 24th. UBS Group upped their price objective on Northern Trust from $110.00 to $114.00 and gave the stock a “neutral” rating in a research report on Monday, January 27th. Finally, StockNews.com raised Northern Trust from a “hold” rating to a “buy” rating in a research report on Friday, January 24th.

Insider Transactions at Northern Trust

In other news, insider Jason J. Tyler sold 2,237 shares of Northern Trust stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $112.67, for a total transaction of $252,042.79. Following the completion of the sale, the insider now owns 58,449 shares of the company’s stock, valued at approximately $6,585,448.83. This trade represents a 3.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Vice Chairman Steven L. Fradkin sold 9,100 shares of the company’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $111.00, for a total transaction of $1,010,100.00. Following the completion of the transaction, the insider now owns 47,797 shares in the company, valued at $5,305,467. This trade represents a 15.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 40,631 shares of company stock worth $4,550,459. 0.64% of the stock is owned by company insiders.

Institutional Trading of Northern Trust

Institutional investors have recently bought and sold shares of the business. Creative Planning raised its stake in Northern Trust by 7.6% in the second quarter. Creative Planning now owns 23,614 shares of the asset manager’s stock valued at $1,983,000 after purchasing an additional 1,665 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Northern Trust in the 2nd quarter valued at approximately $1,622,000. Massmutual Trust Co. FSB ADV lifted its holdings in shares of Northern Trust by 14.5% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 922 shares of the asset manager’s stock worth $83,000 after acquiring an additional 117 shares during the period. Czech National Bank boosted its position in shares of Northern Trust by 5.4% during the 3rd quarter. Czech National Bank now owns 41,075 shares of the asset manager’s stock worth $3,698,000 after acquiring an additional 2,088 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in Northern Trust by 24.2% during the third quarter. GAMMA Investing LLC now owns 3,591 shares of the asset manager’s stock valued at $323,000 after purchasing an additional 699 shares in the last quarter. Institutional investors own 83.19% of the company’s stock.

Northern Trust Stock Up 1.7 %

Shares of NASDAQ NTRS opened at $113.22 on Monday. Northern Trust has a 52-week low of $76.67 and a 52-week high of $114.21. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.71 and a current ratio of 0.68. The stock has a market cap of $22.44 billion, a P/E ratio of 11.58, a P/E/G ratio of 1.72 and a beta of 1.08. The firm has a 50 day moving average price of $106.27 and a 200 day moving average price of $97.95.

Northern Trust (NASDAQ:NTRS) last released its quarterly earnings data on Thursday, January 23rd. The asset manager reported $2.26 EPS 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%. Analysts expect that Northern Trust will post 8.2 EPS for the current year.

Northern Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be paid a $0.75 dividend. The ex-dividend date is Friday, March 14th. This represents a $3.00 annualized dividend and a yield of 2.65%. Northern Trust’s dividend 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.