Brokerages Set Northern Trust Co. (NASDAQ:NTRS) Target Price at $105.00

Shares of Northern Trust Co. (NASDAQ:NTRS) have been given a consensus recommendation of “Hold” by the twelve brokerages that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $105.00.

A number of research firms recently weighed in on NTRS. Wells Fargo & Company upped their price target on Northern Trust from $108.00 to $110.00 and gave the stock an “equal weight” rating in a report on Friday, November 15th. UBS Group upped their target price on Northern Trust from $86.00 to $92.00 and gave the company a “neutral” rating in a report on Tuesday, October 8th. Keefe, Bruyette & Woods lifted their price target on Northern Trust from $100.00 to $113.00 and gave the stock a “market perform” rating in a research note on Tuesday, December 3rd. Bank of America increased their price objective on shares of Northern Trust from $103.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Northern Trust from $100.00 to $108.00 and gave the stock a “hold” rating in a research report on Monday, November 11th.

Northern Trust Stock Up 0.4 %

NTRS opened at $100.51 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.71 and a quick ratio of 0.71. Northern Trust has a 12 month low of $76.67 and a 12 month high of $111.87. The stock has a market capitalization of $19.92 billion, a P/E ratio of 12.50, a P/E/G ratio of 1.18 and a beta of 1.07. The business has a 50 day simple moving average of $104.24 and a 200-day simple moving average of $92.75.

Northern Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Investors of record on Friday, December 6th will be given 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 yield of 2.98%. Northern Trust’s dividend payout ratio (DPR) is 37.31%.

Insider Buying and Selling at Northern Trust

In other news, Vice Chairman Steven L. Fradkin sold 27,874 shares of Northern Trust stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $100.50, for a total transaction of $2,801,337.00. Following the sale, the insider now owns 46,078 shares in the company, valued at $4,630,839. This trade represents a 37.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Teresa Parker sold 4,439 shares of the company’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $100.86, for a total transaction of $447,717.54. Following the completion of the transaction, the insider now owns 79,326 shares of the company’s stock, valued at $8,000,820.36. This trade represents a 5.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 82,151 shares of company stock valued at $8,489,889 over the last three months. 0.64% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Innealta Capital LLC acquired a new position in shares of Northern Trust in the 2nd quarter valued at approximately $26,000. Ridgewood Investments LLC acquired a new stake in Northern Trust in the second quarter valued at $30,000. Northwest Investment Counselors LLC bought a new position in Northern Trust during the 3rd quarter valued at $39,000. Capital Performance Advisors LLP acquired a new position in Northern Trust during the 3rd quarter worth $48,000. Finally, Eastern Bank bought a new stake in shares of Northern Trust in the 3rd quarter worth about $51,000. 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.