Northern Trust Co. (NASDAQ:NTRS) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Northern Trust Co. (NASDAQ:NTRS) have earned an average recommendation of “Hold” from the ten research firms that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $84.92.

Several equities research analysts recently commented on the stock. Evercore ISI lifted their price target on shares of Northern Trust from $86.00 to $87.00 and gave the stock an “in-line” rating in a research note on Thursday, April 4th. UBS Group upped their target price on Northern Trust from $72.00 to $84.00 and gave the company a “neutral” rating in a research report on Tuesday, January 9th. Royal Bank of Canada lifted their price target on Northern Trust from $82.00 to $86.00 and gave the stock an “outperform” rating in a research report on Friday, January 19th. Morgan Stanley reissued an “underweight” rating and issued a $86.00 price objective (up from $82.00) on shares of Northern Trust in a report on Tuesday, January 30th. Finally, Bank of America lifted their target price on shares of Northern Trust from $93.00 to $101.00 and gave the company a “buy” rating in a report on Wednesday, April 17th.

Northern Trust Stock Up 1.3 %

NTRS stock opened at $84.62 on Friday. The stock has a market cap of $17.31 billion, a P/E ratio of 18.68, a PEG ratio of 1.19 and a beta of 1.13. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.61. Northern Trust has a twelve month low of $62.44 and a twelve month high of $89.25. The company’s 50 day moving average is $83.93 and its two-hundred day moving average is $79.95.

Northern Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 7th will be given a $0.75 dividend. The ex-dividend date is Friday, June 7th. This represents a $3.00 dividend on an annualized basis and a yield of 3.55%. Northern Trust’s payout ratio is currently 66.23%.

Insider Buying and Selling at Northern Trust

In other news, insider Steven L. Fradkin sold 4,097 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $82.56, for a total transaction of $338,248.32. Following the completion of the transaction, the insider now directly owns 46,078 shares of the company’s stock, valued at approximately $3,804,199.68. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, insider Steven L. Fradkin sold 30,392 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $80.11, for a total transaction of $2,434,703.12. Following the sale, the insider now owns 55,707 shares of the company’s stock, valued at $4,462,687.77. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Steven L. Fradkin sold 4,097 shares of the stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $82.56, for a total transaction of $338,248.32. Following the completion of the transaction, the insider now directly owns 46,078 shares of the company’s stock, valued at $3,804,199.68. The disclosure for this sale can be found here. 0.64% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Northern Trust

A number of institutional investors and hedge funds have recently modified their holdings of NTRS. Commerce Bank boosted its position in Northern Trust by 1.1% during the first quarter. Commerce Bank now owns 110,899 shares of the asset manager’s stock worth $9,861,000 after purchasing an additional 1,177 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in Northern Trust in the 1st quarter valued at about $679,000. BI Asset Management Fondsmaeglerselskab A S increased its holdings in Northern Trust by 7.0% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 9,567 shares of the asset manager’s stock valued at $851,000 after acquiring an additional 630 shares in the last quarter. Central Pacific Bank Trust Division acquired a new position in Northern Trust during the first quarter worth about $407,000. Finally, Daiwa Securities Group Inc. lifted its holdings in shares of Northern Trust by 8.6% in the first quarter. Daiwa Securities Group Inc. now owns 20,321 shares of the asset manager’s stock valued at $1,807,000 after purchasing an additional 1,606 shares in the last quarter. Institutional investors and hedge funds own 83.19% of the company’s stock.

Northern Trust Company Profile

Northern Trust Corporation, a financial holding company, provides wealth management, asset servicing, asset management, and banking solutions for corporations, institutions, families, and individuals worldwide. It operates in two segments, Asset Servicing and Wealth Management. The Asset Servicing segment offers asset servicing and related services, including custody, fund administration, investment operations outsourcing, investment management, investment risk and analytical services, employee benefit services, securities lending, foreign exchange, treasury management, brokerage services, transition management services, banking, and cash management services.