Northern Trust Corporation (NASDAQ:NTRS) Given Consensus Rating of “Hold” by Brokerages

Shares of Northern Trust Corporation (NASDAQ:NTRS) have earned an average rating of “Hold” from the fifteen research firms that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $164.0833.

Several equities research analysts have recently commented on the stock. Weiss Ratings upgraded shares of Northern Trust from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 4th. Royal Bank Of Canada boosted their target price on shares of Northern Trust from $159.00 to $178.00 and gave the company an “outperform” rating in a research note on Wednesday, April 22nd. TD Cowen boosted their target price on shares of Northern Trust from $165.00 to $175.00 and gave the company a “buy” rating in a research note on Monday, January 26th. Barclays boosted their target price on shares of Northern Trust from $160.00 to $176.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 22nd. Finally, Zacks Research upgraded shares of Northern Trust from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th.

Insiders Place Their Bets

In other Northern Trust news, Director Robert Edward Jr. Moritz purchased 225 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The stock was acquired at an average cost of $166.41 per share, with a total value of $37,442.25. Following the completion of the acquisition, the director directly owned 8,145 shares of the company’s stock, valued at $1,355,409.45. This represents a 2.84% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Clive Bellows sold 2,800 shares of Northern Trust stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $165.02, for a total value of $462,056.00. Following the completion of the transaction, the insider directly owned 28,217 shares of the company’s stock, valued at $4,656,369.34. This represents a 9.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 30,514 shares of company stock valued at $4,890,937. 0.66% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in NTRS. Triumph Capital Management bought a new position in shares of Northern Trust in the third quarter valued at about $25,000. Reflection Asset Management bought a new position in shares of Northern Trust in the fourth quarter valued at about $25,000. Board of the Pension Protection Fund bought a new position in shares of Northern Trust in the fourth quarter valued at about $27,000. Elyxium Wealth LLC bought a new position in shares of Northern Trust in the fourth quarter valued at about $34,000. Finally, International Assets Investment Management LLC bought a new position in shares of Northern Trust in the fourth quarter valued at about $35,000. 83.19% of the stock is owned by institutional investors.

Northern Trust Stock Up 0.4%

Shares of NASDAQ:NTRS opened at $167.77 on Friday. Northern Trust has a 52 week low of $104.09 and a 52 week high of $173.18. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.62 and a current ratio of 0.62. The company’s fifty day moving average is $153.16 and its 200-day moving average is $144.52. The company has a market capitalization of $31.05 billion, a PE ratio of 17.57, a P/E/G ratio of 1.20 and a beta of 1.27.

Northern Trust (NASDAQ:NTRS) last issued its earnings results on Tuesday, April 21st. The asset manager reported $2.71 EPS for the quarter, beating the consensus estimate of $2.37 by $0.34. Northern Trust had a net margin of 12.84% and a return on equity of 15.94%. The company had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter in the previous year, the company earned $1.90 EPS. The firm’s revenue for the quarter was up 13.8% compared to the same quarter last year. Equities research analysts predict that Northern Trust will post 10.68 earnings per share for the current fiscal year.

Northern Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Friday, June 5th will be issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, June 5th. Northern Trust’s payout ratio is currently 33.51%.

Northern Trust Company Profile

Northern Trust Corporation (NASDAQ: NTRS) is a global financial services firm headquartered in Chicago that provides asset servicing, asset management and wealth management solutions to institutions, corporations and high-net-worth individuals. The company’s core businesses include custody and fund administration, investment operations outsourcing, trust and fiduciary services, private banking, and retirement and defined contribution plan services.

Northern Trust’s product and service offerings span custody and fund accounting, portfolio and performance analytics, securities lending, cash management and foreign exchange, as well as discretionary and non-discretionary investment management.