Northern Trust (NASDAQ:NTRS) PT Raised to $103.00

Northern Trust (NASDAQ:NTRS) had its target price boosted by Evercore ISI from $86.00 to $103.00 in a report published on Thursday, Benzinga reports. They currently have an in-line rating on the asset manager’s stock.

Several other research analysts have also weighed in on NTRS. UBS Group upped their price objective on shares of Northern Trust from $86.00 to $92.00 and gave the company a “neutral” rating in a research note on Tuesday, October 8th. The Goldman Sachs Group downgraded shares of Northern Trust from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $84.00 to $82.00 in a research note on Thursday, September 26th. Royal Bank of Canada lifted their price objective on Northern Trust from $86.00 to $90.00 and gave the company an “outperform” rating in a research report on Thursday, July 18th. Morgan Stanley upped their target price on Northern Trust from $93.00 to $97.00 and gave the stock an “underweight” rating in a research report on Monday, September 30th. Finally, Keefe, Bruyette & Woods reduced their price target on Northern Trust from $92.00 to $85.00 and set a “market perform” rating for the company in a report on Thursday, June 27th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Northern Trust presently has an average rating of “Hold” and a consensus target price of $99.33.

Northern Trust Trading Down 2.5 %

NASDAQ:NTRS opened at $100.19 on Thursday. The stock has a market cap of $20.50 billion, a PE ratio of 22.12, a price-to-earnings-growth ratio of 1.65 and a beta of 1.08. Northern Trust has a fifty-two week low of $63.43 and a fifty-two week high of $104.25. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.71 and a quick ratio of 0.71. The stock’s 50-day moving average is $91.10 and its two-hundred day moving average is $86.73.

Northern Trust Announces Dividend

The company 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 dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 2.99%. The ex-dividend date is Friday, December 6th. Northern Trust’s dividend payout ratio is currently 66.23%.

Insider Buying and Selling

In other Northern Trust news, EVP Teresa Parker sold 5,883 shares of the company’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $84.06, for a total transaction of $494,524.98. Following the completion of the sale, the executive vice president now directly owns 83,765 shares in the company, valued at $7,041,285.90. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Charles A. Tribbett sold 1,855 shares of the company’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $88.12, for a total transaction of $163,462.60. Following the completion of the transaction, the director now directly owns 1,000 shares in the company, valued at $88,120. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Teresa Parker sold 5,883 shares of the firm’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $84.06, for a total transaction of $494,524.98. Following the completion of the sale, the executive vice president now owns 83,765 shares in the company, valued at $7,041,285.90. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,738 shares of company stock worth $1,191,388 in the last quarter. 0.64% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Northern Trust

Several hedge funds have recently made changes to their positions in NTRS. Allworth Financial LP raised its holdings in Northern Trust by 9.1% in the 3rd quarter. Allworth Financial LP now owns 1,170 shares of the asset manager’s stock valued at $105,000 after acquiring an additional 98 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its stake in shares of Northern Trust by 14.5% in the third quarter. Massmutual Trust Co. FSB ADV now owns 922 shares of the asset manager’s stock valued at $83,000 after purchasing an additional 117 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its position in Northern Trust by 0.3% in the second quarter. DekaBank Deutsche Girozentrale now owns 43,713 shares of the asset manager’s stock worth $3,608,000 after purchasing an additional 120 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in Northern Trust by 1.3% during the second quarter. Allspring Global Investments Holdings LLC now owns 10,584 shares of the asset manager’s stock worth $889,000 after buying an additional 131 shares in the last quarter. Finally, Koshinski Asset Management Inc. increased its holdings in Northern Trust by 2.4% in the 3rd quarter. Koshinski Asset Management Inc. now owns 6,488 shares of the asset manager’s stock valued at $584,000 after buying an additional 153 shares during the period. 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.