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%.
COPYRIGHT VIOLATION NOTICE: “Northern Trust Co. (NTRS) Receives Consensus Rating of “Hold” from Brokerages” was first published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this piece of content on another publication, it was illegally copied and reposted in violation of U.S. and international copyright & trademark laws. The legal version of this piece of content can be accessed at https://www.dispatchtribunal.com/2018/01/12/northern-trust-co-ntrs-receives-consensus-rating-of-hold-from-brokerages.html.
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.
Receive News & Ratings for Northern Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northern Trust and related companies with MarketBeat.com's FREE daily email newsletter.