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

Northern Trust Co. (NASDAQ:NTRS) has earned a consensus rating of “Hold” from the eleven research firms that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $85.75.

A number of equities research analysts have commented on the company. Jefferies Financial Group raised their price target on Northern Trust from $101.00 to $103.00 and gave the company a “buy” rating in a report on Thursday, April 18th. Evercore ISI raised their price target on Northern Trust from $86.00 to $87.00 and gave the company an “in-line” rating in a report on Thursday, April 4th. Bank of America raised their price target on Northern Trust from $93.00 to $101.00 and gave the company a “buy” rating in a report on Wednesday, April 17th. Finally, Keefe, Bruyette & Woods reduced their target price on Northern Trust from $92.00 to $85.00 and set a “market perform” rating on the stock in a report on Thursday.

Northern Trust Price Performance

Shares of Northern Trust stock opened at $83.98 on Friday. Northern Trust has a one year low of $62.44 and a one year high of $89.25. The stock’s fifty day moving average is $83.62 and its 200 day moving average is $83.18. The stock has a market cap of $17.18 billion, a P/E ratio of 18.54, a P/E/G ratio of 1.17 and a beta of 1.10. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.71 and a current ratio of 0.71.

Northern Trust (NASDAQ:NTRS) last posted its quarterly earnings results on Tuesday, April 16th. The asset manager reported $1.70 EPS for the quarter, beating analysts’ consensus estimates of $1.47 by $0.23. The business had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.79 billion. Northern Trust had a return on equity of 12.57% and a net margin of 7.59%. Sell-side analysts anticipate that Northern Trust will post 6.88 earnings per share for the current year.

Northern Trust Announces Dividend

The business also recently declared 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 of this dividend is Friday, June 7th. This represents a $3.00 annualized dividend and a yield of 3.57%. Northern Trust’s dividend payout ratio is currently 66.23%.

Insider Buying and Selling

In related news, insider Peter Cherecwich sold 12,000 shares of Northern Trust stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $87.09, for a total value of $1,045,080.00. Following the completion of the transaction, the insider now owns 31,471 shares in the company, valued at $2,740,809.39. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Northern Trust news, insider Peter Cherecwich sold 12,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $87.09, for a total transaction of $1,045,080.00. Following the completion of the transaction, the insider now owns 31,471 shares in the company, valued at $2,740,809.39. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Steven L. Fradkin sold 4,097 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $82.56, for a total value of $338,248.32. Following the transaction, the insider now owns 46,078 shares of the company’s stock, valued at approximately $3,804,199.68. The disclosure for this sale can be found here. 0.64% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Spartan Planning & Wealth Management boosted its position in shares of Northern Trust by 10,566.7% during the fourth quarter. Spartan Planning & Wealth Management now owns 320 shares of the asset manager’s stock valued at $27,000 after buying an additional 317 shares during the period. Fortitude Family Office LLC purchased a new stake in shares of Northern Trust in the fourth quarter valued at approximately $28,000. Allworth Financial LP boosted its holdings in shares of Northern Trust by 94.1% in the fourth quarter. Allworth Financial LP now owns 359 shares of the asset manager’s stock valued at $30,000 after purchasing an additional 174 shares during the period. Quent Capital LLC boosted its holdings in shares of Northern Trust by 77.8% in the fourth quarter. Quent Capital LLC now owns 361 shares of the asset manager’s stock valued at $30,000 after purchasing an additional 158 shares during the period. Finally, Friedenthal Financial purchased a new stake in shares of Northern Trust in the fourth quarter valued at approximately $45,000. Hedge funds and other institutional investors own 83.19% of the company’s stock.

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.