Weekly Investment Analysts’ Ratings Updates for Northern Trust (NTRS)

Northern Trust (NASDAQ: NTRS) has recently received a number of price target changes and ratings updates:

  • 2/10/2018 – Northern Trust was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 2/2/2018 – Northern Trust had its price target raised by analysts at Morgan Stanley from $104.00 to $110.00. They now have an “underweight” rating on the stock.
  • 1/25/2018 – Northern Trust had its “hold” rating reaffirmed by analysts at Sandler O’Neill.
  • 1/25/2018 – Northern Trust had its price target raised by analysts at Bank of America Corp from $112.00 to $116.00. They now have a “buy” rating on the stock.
  • 1/25/2018 – Northern Trust had its price target raised by analysts at Royal Bank of Canada to $110.00. They now have an “outperform” rating on the stock.
  • 1/25/2018 – Northern Trust had its price target raised by analysts at Morgan Stanley from $91.00 to $104.00. They now have an “underweight” rating on the stock.
  • 1/25/2018 – Northern Trust had its price target raised by analysts at Credit Suisse Group AG from $99.00 to $100.00. They now have a “neutral” rating on the stock.
  • 1/24/2018 – Northern Trust had its “buy” rating reaffirmed by analysts at Vining Sparks. They now have a $118.00 price target on the stock. They wrote, “We believe NTRS continues to be well positioned to grow its net interest income at a double-digit pace while also continuing to drive meaningful growth in its core fee revenues. If NTRS can also continue to generate positive operating leverage in 2018E while accelerating its deployment of excess capital, we believe it should be able to generate a 12% total return for its shareholders over the next 12 months.””
  • 1/23/2018 – Northern Trust was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 1/13/2018 – Northern Trust was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 1/10/2018 – Northern Trust had its “hold” rating reaffirmed by analysts at Sandler O’Neill. They now have a $105.00 price target on the stock.
  • 1/2/2018 – Northern Trust had its price target raised by analysts at Barclays PLC from $102.00 to $114.00. They now have an “equal weight” rating on the stock.
  • 12/22/2017 – Northern Trust had its “hold” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $110.00 price target on the stock.
  • 12/20/2017 – Northern Trust was given a new $105.00 price target on by analysts at Wells Fargo & Co. They now have a “hold” rating on the stock.
  • 12/19/2017 – Northern Trust was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $110.00 price target on the stock. According to Zacks, “Shares of Northern Trust have underperformed the industry year to date. The company has a decent earnings surprise history. It surpassed the Zacks Consensus Estimate for earnings in two of the trailing four quarters. Northern Trust continues to benefit from its strong wealth management operations with diversified products. Also, following the recent Fed interest rate hike, the company raised its prime lending rate to 4.50% from 4.25% which will further ease margin pressure and support its top line. However, despite undertaking cost-savings measures, mounting expenses continue to hurt the company's financials. Moreover, an unstable economic environment is a headwind. Nevertheless, Northern Trust continues to enhance shareholders' value through steady capital deployment activities, reflecting its strong capital position.”

Northern Trust Co. (NASDAQ:NTRS) opened at $97.38 on Monday. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.35. Northern Trust Co. has a fifty-two week low of $83.17 and a fifty-two week high of $108.91. The stock has a market cap of $22,146.27, a P/E ratio of 19.79, a price-to-earnings-growth ratio of 1.30 and a beta of 0.99.

Northern Trust (NASDAQ:NTRS) last released its quarterly earnings results on Wednesday, January 24th. The asset manager reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.05. Northern Trust had a net margin of 20.98% and a return on equity of 12.77%. The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.41 billion. During the same quarter last year, the business earned $1.11 EPS. The company’s revenue was up 15.6% compared to the same quarter last year. sell-side analysts forecast that Northern Trust Co. will post 6.02 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Sunday, April 1st. Shareholders of record on Friday, March 9th will be issued a dividend of $0.42 per share. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $1.68 annualized dividend and a yield of 1.73%. Northern Trust’s payout ratio is 34.15%.

In other news, EVP Clair Joyce St sold 18,489 shares of Northern Trust stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $97.51, for a total value of $1,802,862.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Wilson Leech sold 8,958 shares of Northern Trust stock in a transaction 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. In the last 90 days, insiders have sold 186,673 shares of company stock valued at $18,723,553. Company insiders own 1.27% of the company’s stock.

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 Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northern Trust Co and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply