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

Shares of Northern Trust Corporation (NASDAQ:NTRS) have received an average recommendation of “Hold” from the fifteen analysts that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $148.75.

A number of research analysts have recently issued reports on the stock. Evercore lifted their target price on shares of Northern Trust from $142.00 to $155.00 and gave the company an “in-line” rating in a research note on Friday, January 23rd. Wells Fargo & Company lifted their price objective on Northern Trust from $145.00 to $150.00 and gave the company an “equal weight” rating in a research report on Friday, January 23rd. Royal Bank Of Canada increased their target price on Northern Trust from $139.00 to $159.00 and gave the stock an “outperform” rating in a report on Friday, January 23rd. Wall Street Zen raised Northern Trust from a “sell” rating to a “hold” rating in a report on Saturday, December 27th. Finally, Zacks Research upgraded shares of Northern Trust from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 23rd.

Insider Activity at Northern Trust

In other news, Director Richard Petrino bought 1,000 shares of the company’s stock in a transaction dated Thursday, February 5th. The stock was bought at an average price of $148.91 per share, for a total transaction of $148,910.00. Following the completion of the transaction, the director directly owned 3,332 shares in the company, valued at $496,168.12. The trade was a 42.88% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Robert Edward Jr. Moritz purchased 245 shares of the business’s stock in a transaction dated Monday, February 2nd. The shares were purchased at an average cost of $151.85 per share, for a total transaction of $37,203.25. Following the purchase, the director directly owned 6,931 shares of the company’s stock, valued at $1,052,472.35. This trade represents a 3.66% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 0.77% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of NTRS. New Age Alpha Advisors LLC grew its position in shares of Northern Trust by 4.9% during the 3rd quarter. New Age Alpha Advisors LLC now owns 1,659 shares of the asset manager’s stock worth $223,000 after buying an additional 78 shares during the period. Salomon & Ludwin LLC boosted its stake in Northern Trust by 13.1% in the third quarter. Salomon & Ludwin LLC now owns 682 shares of the asset manager’s stock valued at $90,000 after acquiring an additional 79 shares during the last quarter. New York Life Investment Management LLC grew its holdings in Northern Trust by 0.3% during the 2nd quarter. New York Life Investment Management LLC now owns 29,132 shares of the asset manager’s stock worth $3,694,000 after acquiring an additional 80 shares during the period. Compound Planning Inc. raised its position in shares of Northern Trust by 5.1% during the 3rd quarter. Compound Planning Inc. now owns 1,666 shares of the asset manager’s stock valued at $224,000 after acquiring an additional 81 shares during the last quarter. Finally, Apollon Wealth Management LLC raised its position in shares of Northern Trust by 1.9% during the 4th quarter. Apollon Wealth Management LLC now owns 4,379 shares of the asset manager’s stock valued at $598,000 after acquiring an additional 81 shares during the last quarter. Institutional investors own 83.19% of the company’s stock.

Northern Trust Stock Performance

Northern Trust stock opened at $144.21 on Friday. The firm has a market capitalization of $27.27 billion, a P/E ratio of 16.50, a P/E/G ratio of 1.19 and a beta of 1.27. The stock has a fifty day moving average price of $143.67 and a two-hundred day moving average price of $134.09. Northern Trust has a 52-week low of $81.62 and a 52-week high of $157.60. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.69 and a quick ratio of 0.70.

Northern Trust (NASDAQ:NTRS) last posted its earnings results on Friday, January 30th. The asset manager reported $2.42 earnings per share for the quarter, topping the consensus estimate of $2.37 by $0.05. Northern Trust had a net margin of 12.15% and a return on equity of 14.87%. The business had revenue of $3.15 billion for the quarter. During the same period in the previous year, the company posted $2.26 EPS. The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. As a group, analysts anticipate that Northern Trust will post 8.27 EPS for the current fiscal year.

Northern Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 6th will be paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, March 6th. Northern Trust’s dividend payout ratio is 36.61%.

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.