Northern Trust Co. (NASDAQ:NTRS) Receives $102.24 Consensus Target Price from Brokerages

Northern Trust Co. (NASDAQ:NTRS) has received a consensus rating of “Hold” from the eighteen analysts that are covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $102.24.

Several brokerages recently weighed in on NTRS. UBS Group cut shares of Northern Trust from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 25th. Buckingham Research reduced their price objective on shares of Northern Trust from $118.00 to $112.00 and set a “buy” rating on the stock in a research note on Friday, October 4th. Wells Fargo & Co set a $110.00 price objective on shares of Northern Trust and gave the stock a “buy” rating in a research note on Friday, August 16th. ValuEngine cut shares of Northern Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, October 1st. Finally, Bank of America boosted their price objective on shares of Northern Trust from $95.00 to $105.00 and gave the stock a “neutral” rating in a research note on Thursday, October 24th.

Shares of Northern Trust stock traded up $0.03 during trading on Friday, hitting $106.58. The company’s stock had a trading volume of 943,500 shares, compared to its average volume of 1,152,913. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.61 and a quick ratio of 0.61. Northern Trust has a 52 week low of $75.96 and a 52 week high of $108.45. The stock has a market cap of $22.42 billion, a price-to-earnings ratio of 15.84, a price-to-earnings-growth ratio of 1.69 and a beta of 1.22. The stock has a 50-day moving average price of $98.02 and a two-hundred day moving average price of $93.07.

Northern Trust (NASDAQ:NTRS) last issued its quarterly earnings data on Wednesday, October 23rd. The asset manager reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.06. Northern Trust had a net margin of 22.10% and a return on equity of 15.66%. The company had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.52 billion. During the same quarter in the previous year, the firm posted $1.58 earnings per share. Northern Trust’s revenue for the quarter was up 4.1% on a year-over-year basis. On average, equities analysts predict that Northern Trust will post 6.65 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders of record on Friday, December 13th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $2.80 dividend on an annualized basis and a yield of 2.63%. Northern Trust’s dividend payout ratio (DPR) is currently 41.60%.

In other Northern Trust news, EVP Thomas A. South sold 1,000 shares of the company’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $98.54, for a total transaction of $98,540.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Robert P. Browne sold 10,680 shares of the company’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $101.56, for a total transaction of $1,084,660.80. The disclosure for this sale can be found here. Insiders have sold 42,026 shares of company stock worth $4,364,026 in the last ninety days. Insiders own 1.15% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Marble Harbor Investment Counsel LLC boosted its position in Northern Trust by 1.7% during the third quarter. Marble Harbor Investment Counsel LLC now owns 112,001 shares of the asset manager’s stock valued at $10,452,000 after acquiring an additional 1,865 shares during the last quarter. BBVA USA Bancshares Inc. bought a new stake in Northern Trust during the third quarter valued at $227,000. Massachusetts Financial Services Co. MA boosted its position in Northern Trust by 0.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,015,036 shares of the asset manager’s stock valued at $94,723,000 after acquiring an additional 6,021 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in Northern Trust by 747.8% during the third quarter. Tower Research Capital LLC TRC now owns 5,341 shares of the asset manager’s stock valued at $498,000 after acquiring an additional 4,711 shares during the last quarter. Finally, Whitnell & Co. boosted its position in Northern Trust by 285.7% during the third quarter. Whitnell & Co. now owns 10,800 shares of the asset manager’s stock valued at $1,008,000 after acquiring an additional 8,000 shares during the last quarter. 81.37% of the stock is currently owned by institutional investors and hedge funds.

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, Corporate & Institutional Services (C&IS) and Wealth Management.

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Analyst Recommendations for Northern Trust (NASDAQ:NTRS)

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