Northern Trust (NASDAQ:NTRS) has been assigned a consensus rating of “Hold” from the seventeen analysts that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $110.80.
A number of brokerages have recently issued reports on NTRS. Sandler O’Neill reiterated a “hold” rating and set a $105.00 target price on shares of Northern Trust in a research report on Wednesday, January 10th. BidaskClub lowered shares of Northern Trust from a “hold” rating to a “sell” rating in a research report on Saturday, February 10th. Morgan Stanley upped their target price on shares of Northern Trust from $104.00 to $110.00 and gave the stock an “underweight” rating in a research report on Friday, February 2nd. Bank of America upped their target price on shares of Northern Trust from $112.00 to $116.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Finally, Vining Sparks reiterated a “buy” rating and set a $118.00 target price on shares of Northern Trust in a research report on Wednesday, January 24th.
In related news, Vice Chairman William L. Morrison sold 46,053 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $109.18, for a total transaction of $5,028,066.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Wilson Leech sold 8,958 shares of the company’s stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $106.17, for a total transaction of $951,070.86. The disclosure for this sale can be found here. Over the last three months, insiders have sold 189,457 shares of company stock valued at $20,188,250. 1.04% of the stock is currently owned by insiders.
A number of large investors have recently modified their holdings of NTRS. Field & Main Bank bought a new stake in Northern Trust in the fourth quarter valued at approximately $100,000. Truewealth LLC bought a new stake in Northern Trust in the fourth quarter valued at approximately $110,000. Cerebellum GP LLC bought a new stake in Northern Trust in the fourth quarter valued at approximately $132,000. Mission Wealth Management LP bought a new stake in Northern Trust in the fourth quarter valued at approximately $200,000. Finally, Hollencrest Capital Management bought a new stake in Northern Trust in the fourth quarter valued at approximately $210,000. 79.86% of the stock is owned by hedge funds and other institutional investors.
NASDAQ:NTRS opened at $107.39 on Thursday. Northern Trust has a 12 month low of $85.41 and a 12 month high of $110.81. The stock has a market capitalization of $24,283.88, a price-to-earnings ratio of 22.23, a PEG ratio of 1.42 and a beta of 0.95. The company has a current ratio of 0.66, a quick ratio of 0.71 and a debt-to-equity ratio of 0.34.
Northern Trust (NASDAQ:NTRS) last announced its earnings results on Tuesday, April 17th. The asset manager reported $1.58 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.42 by $0.16. Northern Trust had a net margin of 21.84% and a return on equity of 13.87%. The company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same period in the prior year, the business earned $1.09 earnings per share. Northern Trust’s quarterly revenue was up 14.8% on a year-over-year basis. research analysts predict that Northern Trust will post 6.49 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Sunday, July 1st. Investors of record on Friday, June 8th will be paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date is Thursday, June 7th. Northern Trust’s dividend payout ratio (DPR) is 34.78%.
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Northern Trust Company Profile
Northern Trust Corporation, a financial holding company, provides asset servicing, fund administration, asset management, fiduciary, and banking solutions for corporations, institutions, families, and individuals worldwide. It operates through Corporate & Institutional Services (C&IS) and Wealth Management segments.
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