Northern Trust Co. (NTRS) Receives Consensus Rating of “Hold” from Brokerages

Shares of Northern Trust Co. (NASDAQ:NTRS) have earned an average recommendation of “Hold” from the fifteen research firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $98.14.

A number of equities research analysts have commented on NTRS shares. Zacks Investment Research lowered Northern Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, August 22nd. UBS upgraded Northern Trust from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $92.00 to $100.00 in a research report on Friday, September 8th. Citigroup restated a “neutral” rating and set a $92.00 price objective (up from $90.00) on shares of Northern Trust in a research report on Monday, October 9th. Buckingham Research raised their price objective on Northern Trust from $95.00 to $97.00 and gave the stock a “neutral” rating in a research report on Thursday, October 19th. Finally, Morgan Stanley raised their price objective on Northern Trust from $83.00 to $91.00 and gave the stock an “underweight” rating in a research report on Thursday, October 19th.

In related news, EVP Aileen B. Blake sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, October 6th. The stock was sold at an average price of $94.00, for a total value of $94,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Clair Joyce St sold 7,665 shares of the firm’s stock in a transaction that occurred on Wednesday, October 18th. The shares were sold at an average price of $95.00, for a total value of $728,175.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 433,382 shares of company stock valued at $41,304,013. 1.27% of the stock is owned by corporate insiders.

Several hedge funds have recently modified their holdings of NTRS. Bessemer Group Inc. raised its stake in shares of Northern Trust by 16.9% in the 2nd quarter. Bessemer Group Inc. now owns 1,461 shares of the asset manager’s stock valued at $143,000 after acquiring an additional 211 shares in the last quarter. Global X Management Co. LLC raised its stake in shares of Northern Trust by 38.2% in the 2nd quarter. Global X Management Co. LLC now owns 5,409 shares of the asset manager’s stock valued at $526,000 after acquiring an additional 1,496 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of Northern Trust by 4.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 675,307 shares of the asset manager’s stock valued at $65,647,000 after acquiring an additional 26,164 shares in the last quarter. DekaBank Deutsche Girozentrale raised its stake in shares of Northern Trust by 49.6% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 24,856 shares of the asset manager’s stock valued at $2,488,000 after acquiring an additional 8,243 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its stake in shares of Northern Trust by 239.3% in the 2nd quarter. Teacher Retirement System of Texas now owns 41,021 shares of the asset manager’s stock valued at $3,988,000 after acquiring an additional 28,932 shares in the last quarter. 81.69% of the stock is currently owned by institutional investors and hedge funds.

Shares of Northern Trust (NTRS) traded up $0.42 during midday trading on Friday, reaching $98.44. The company’s stock had a trading volume of 1,398,030 shares, compared to its average volume of 1,137,169. Northern Trust has a 12-month low of $81.92 and a 12-month high of $99.66. The firm has a market cap of $22,421.45, a price-to-earnings ratio of 21.53, a PEG ratio of 2.10 and a beta of 0.96. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.71 and a quick ratio of 0.71.

Northern Trust (NASDAQ:NTRS) last announced its quarterly earnings data on Wednesday, October 18th. The asset manager reported $1.20 EPS for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.08. Northern Trust had a return on equity of 12.33% and a net margin of 20.27%. The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.35 billion. During the same period last year, the company posted $1.11 EPS. The business’s quarterly revenue was up 11.2% compared to the same quarter last year. equities research analysts forecast that Northern Trust will post 4.68 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, January 1st. Stockholders of record on Friday, December 1st will be issued a dividend of $0.42 per share. The ex-dividend date is Thursday, November 30th. This represents a $1.68 annualized dividend and a dividend yield of 1.71%. Northern Trust’s dividend payout ratio is 37.17%.

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About Northern Trust

Northern Trust Corporation is a financial holding company. The Company provides asset servicing, fund administration, asset management, fiduciary and banking solutions for corporations, institutions, families and individuals across the world. Its segments include Corporate & Institutional Services (C&IS), Wealth Management, and Treasury and Other.

Analyst Recommendations for Northern Trust (NASDAQ:NTRS)

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