Northern Trust Co. (NASDAQ:NTRS) Given Average Recommendation of “Hold” by Analysts

Shares of Northern Trust Co. (NASDAQ:NTRS) have been given a consensus rating of “Hold” by the twelve brokerages that are currently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $100.67.

Several brokerages have commented on NTRS. Barclays raised their price target on shares of Northern Trust from $98.00 to $115.00 and gave the company an “equal weight” rating in a report on Thursday, October 24th. Morgan Stanley upped their target price on Northern Trust from $97.00 to $103.00 and gave the stock an “underweight” rating in a research note on Thursday, October 24th. Bank of America lifted their price target on Northern Trust from $103.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. The Goldman Sachs Group lowered Northern Trust from a “neutral” rating to a “sell” rating and cut their price objective for the stock from $84.00 to $82.00 in a report on Thursday, September 26th. Finally, Royal Bank of Canada raised their target price on shares of Northern Trust from $100.00 to $107.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th.

Insider Transactions at Northern Trust

In other news, EVP Mark C. Gossett sold 6,000 shares of the company’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $88.90, for a total transaction of $533,400.00. Following the completion of the transaction, the executive vice president now directly owns 28,707 shares of the company’s stock, valued at approximately $2,552,052.30. This represents a 17.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Vice Chairman Steven L. Fradkin sold 27,874 shares of the firm’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $100.50, for a total value of $2,801,337.00. Following the completion of the sale, the insider now directly owns 46,078 shares in the company, valued at $4,630,839. The trade was a 37.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 80,906 shares of company stock worth $8,176,652. Company insiders own 0.64% of the company’s stock.

Institutional Investors Weigh In On Northern Trust

Several institutional investors and hedge funds have recently bought and sold shares of the business. Olistico Wealth LLC bought a new position in shares of Northern Trust during the second quarter valued at approximately $25,000. Innealta Capital LLC bought a new position in Northern Trust in the 2nd quarter worth $26,000. Ridgewood Investments LLC purchased a new stake in shares of Northern Trust in the 2nd quarter worth about $30,000. Versant Capital Management Inc boosted its stake in shares of Northern Trust by 343.9% during the 2nd quarter. Versant Capital Management Inc now owns 435 shares of the asset manager’s stock valued at $37,000 after purchasing an additional 337 shares in the last quarter. Finally, Northwest Investment Counselors LLC bought a new position in Northern Trust in the third quarter worth about $39,000. Hedge funds and other institutional investors own 83.19% of the company’s stock.

Northern Trust Trading Down 1.0 %

Shares of Northern Trust stock opened at $107.84 on Wednesday. The company’s 50-day moving average price is $96.49 and its 200-day moving average price is $89.29. The company has a market cap of $21.38 billion, a price-to-earnings ratio of 13.41, a PEG ratio of 1.21 and a beta of 1.06. Northern Trust has a 12-month low of $74.63 and a 12-month high of $109.54. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.58.

Northern Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Friday, December 6th will be paid a dividend of $0.75 per share. The ex-dividend date is Friday, December 6th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.78%. Northern Trust’s dividend payout ratio (DPR) is currently 37.31%.

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.