Northern Trust Co. (NASDAQ:NTRS) Receives $105.00 Consensus Price Target from Analysts

Shares of Northern Trust Co. (NASDAQ:NTRS) have earned a consensus recommendation of “Hold” from the twelve ratings firms that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $105.00.

Several brokerages have issued reports on NTRS. Deutsche Bank Aktiengesellschaft upped their price objective on Northern Trust from $100.00 to $108.00 and gave the company a “hold” rating in a research note on Monday, November 11th. Evercore ISI upped their price target on Northern Trust from $86.00 to $103.00 and gave the company an “in-line” rating in a research report on Thursday, October 24th. Bank of America lifted their price objective on shares of Northern Trust from $103.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Morgan Stanley raised shares of Northern Trust from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $103.00 to $127.00 in a report on Monday, December 9th. Finally, UBS Group lifted their price target on shares of Northern Trust from $86.00 to $92.00 and gave the company a “neutral” rating in a report on Tuesday, October 8th.

Insider Buying and Selling at Northern Trust

In other news, EVP Susan Cohen Levy sold 19,585 shares of the company’s stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $102.26, for a total value of $2,002,762.10. Following the completion of the sale, the executive vice president now directly owns 17,132 shares of the company’s stock, valued at approximately $1,751,918.32. This represents a 53.34 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Peter Cherecwich sold 16,153 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $105.18, for a total transaction of $1,698,972.54. Following the transaction, the chief operating officer now owns 4,397 shares in the company, valued at $462,476.46. This represents a 78.60 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 82,151 shares of company stock valued at $8,489,889 in the last quarter. Corporate insiders own 0.64% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. FMR LLC boosted its position in shares of Northern Trust by 9.3% during the 3rd quarter. FMR LLC now owns 18,187,663 shares of the asset manager’s stock valued at $1,637,435,000 after purchasing an additional 1,542,685 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Northern Trust by 13.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 7,413,620 shares of the asset manager’s stock worth $622,596,000 after buying an additional 850,556 shares in the last quarter. Primecap Management Co. CA grew its position in Northern Trust by 0.5% in the third quarter. Primecap Management Co. CA now owns 7,085,117 shares of the asset manager’s stock worth $637,873,000 after buying an additional 38,360 shares during the last quarter. Ariel Investments LLC increased its holdings in shares of Northern Trust by 3.6% in the second quarter. Ariel Investments LLC now owns 2,644,205 shares of the asset manager’s stock valued at $222,060,000 after buying an additional 91,816 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Northern Trust by 12.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,003,675 shares of the asset manager’s stock valued at $168,253,000 after acquiring an additional 219,387 shares during the last quarter. 83.19% of the stock is owned by institutional investors and hedge funds.

Northern Trust Price Performance

Shares of NTRS stock opened at $104.71 on Friday. The firm has a market cap of $20.76 billion, a P/E ratio of 13.02, a P/E/G ratio of 1.18 and a beta of 1.07. The firm has a fifty day moving average of $103.88 and a two-hundred day moving average of $92.64. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.71 and a quick ratio of 0.71. Northern Trust has a 1-year low of $76.67 and a 1-year high of $111.87.

Northern Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Investors of record on Friday, December 6th will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date of this dividend is Friday, December 6th. Northern Trust’s dividend payout ratio (DPR) is 37.31%.

About Northern Trust

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.