Analysts Set Northern Trust Co. (NASDAQ:NTRS) PT at $110.83

Shares of Northern Trust Co. (NASDAQ:NTRS) have earned an average rating of “Hold” from the twelve ratings firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $110.83.

NTRS has been the subject of several research analyst reports. The Goldman Sachs Group lifted their price objective on Northern Trust from $92.00 to $102.00 and gave the stock a “sell” rating in a research report on Friday, January 24th. Evercore ISI cut their price target on Northern Trust from $104.00 to $100.00 and set an “in-line” rating for the company in a research note on Wednesday, April 23rd. Bank of America cut their target price on Northern Trust from $123.00 to $121.00 and set a “buy” rating on the stock in a research note on Wednesday, April 2nd. UBS Group lifted their price target on shares of Northern Trust from $110.00 to $114.00 and gave the stock a “neutral” rating in a report on Monday, January 27th. Finally, Royal Bank of Canada lowered their target price on shares of Northern Trust from $115.00 to $105.00 and set an “outperform” rating on the stock in a report on Wednesday, April 23rd.

Insider Transactions at Northern Trust

In related news, EVP Clive Bellows sold 3,300 shares of the stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $99.95, for a total value of $329,835.00. Following the transaction, the executive vice president now owns 28,736 shares of the company’s stock, valued at $2,872,163.20. This represents a 10.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Teresa Parker sold 6,467 shares of the stock in a transaction on Friday, May 9th. The shares were sold at an average price of $100.62, for a total value of $650,709.54. Following the completion of the transaction, the insider now directly owns 79,391 shares in the company, valued at approximately $7,988,322.42. This represents a 7.53% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,571 shares of company stock valued at $1,410,397. 0.77% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Ballentine Partners LLC increased its stake in Northern Trust by 4.4% in the fourth quarter. Ballentine Partners LLC now owns 2,483 shares of the asset manager’s stock valued at $255,000 after acquiring an additional 105 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in Northern Trust by 24.7% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 22,061 shares of the asset manager’s stock valued at $2,286,000 after buying an additional 4,374 shares during the period. JPMorgan Chase & Co. boosted its position in Northern Trust by 9.9% during the third quarter. JPMorgan Chase & Co. now owns 4,296,442 shares of the asset manager’s stock valued at $386,809,000 after buying an additional 388,692 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in Northern Trust during the fourth quarter valued at about $7,437,000. Finally, Charles Schwab Investment Management Inc. boosted its position in Northern Trust by 0.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,267,406 shares of the asset manager’s stock valued at $129,909,000 after buying an additional 8,102 shares during the period. Institutional investors own 83.19% of the company’s stock.

Northern Trust Stock Up 0.4%

Shares of NASDAQ:NTRS opened at $107.90 on Wednesday. The firm has a market cap of $20.99 billion, a P/E ratio of 11.03, a P/E/G ratio of 1.72 and a beta of 1.18. The company has a quick ratio of 0.71, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. Northern Trust has a 12-month low of $79.68 and a 12-month high of $114.67. The business has a fifty day simple moving average of $95.44 and a 200 day simple moving average of $103.05.

Northern Trust (NASDAQ:NTRS) last announced its earnings results on Tuesday, April 22nd. The asset manager reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.05. The business had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.95 billion. Northern Trust had a return on equity of 13.74% and a net margin of 12.77%. Analysts predict that Northern Trust will post 8.27 earnings per share for the current year.

Northern Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 6th will be issued a $0.75 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $3.00 annualized dividend and a dividend yield of 2.78%. Northern Trust’s payout ratio is currently 27.99%.

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.