Brokerages Set Northern Trust Co. (NASDAQ:NTRS) PT at $112.58

Shares of Northern Trust Co. (NASDAQ:NTRS) have been given a consensus rating of “Hold” by the twelve ratings firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $112.58.

NTRS has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft raised their price objective on Northern Trust from $100.00 to $108.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Royal Bank of Canada upped their price objective on shares of Northern Trust from $107.00 to $115.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. StockNews.com raised shares of Northern Trust from a “hold” rating to a “buy” rating in a research note on Friday, January 24th. Bank of America upped their price target on shares of Northern Trust from $103.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Finally, Truist Financial lifted their price objective on Northern Trust from $110.00 to $116.00 and gave the stock a “hold” rating in a research report on Friday, January 24th.

Insider Transactions at Northern Trust

In other news, Vice Chairman Steven L. Fradkin sold 9,100 shares of the business’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $111.00, for a total transaction of $1,010,100.00. Following the completion of the sale, the insider now directly owns 47,797 shares of the company’s stock, valued at $5,305,467. The trade was a 15.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Peter Cherecwich sold 26,132 shares of the firm’s stock in a transaction dated Wednesday, January 29th. The shares were sold at an average price of $112.36, for a total transaction of $2,936,191.52. Following the completion of the transaction, the chief operating officer now directly owns 26,586 shares in the company, valued at approximately $2,987,202.96. The trade was a 49.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 40,631 shares of company stock valued at $4,550,459 over the last ninety days. 0.64% of the stock is owned by company insiders.

Institutional Investors Weigh In On Northern Trust

A number of institutional investors and hedge funds have recently bought and sold shares of NTRS. Smartleaf Asset Management LLC boosted its holdings in Northern Trust by 63.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 924 shares of the asset manager’s stock worth $95,000 after acquiring an additional 358 shares during the last quarter. Levin Capital Strategies L.P. lifted its position in shares of Northern Trust by 0.7% during the fourth quarter. Levin Capital Strategies L.P. now owns 133,724 shares of the asset manager’s stock valued at $13,707,000 after purchasing an additional 974 shares in the last quarter. QRG Capital Management Inc. purchased a new position in Northern Trust during the fourth quarter worth about $299,000. Proficio Capital Partners LLC bought a new stake in Northern Trust in the 4th quarter worth about $51,000. Finally, Mn Services Vermogensbeheer B.V. increased its stake in Northern Trust by 2.3% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 81,198 shares of the asset manager’s stock valued at $8,323,000 after buying an additional 1,800 shares during the last quarter. 83.19% of the stock is owned by hedge funds and other institutional investors.

Northern Trust Stock Up 1.7 %

NTRS stock opened at $113.22 on Monday. The stock has a market capitalization of $22.44 billion, a P/E ratio of 11.58, a price-to-earnings-growth ratio of 1.72 and a beta of 1.08. The company has a current ratio of 0.68, a quick ratio of 0.71 and a debt-to-equity ratio of 0.58. The firm has a 50-day moving average price of $106.27 and a 200-day moving average price of $97.95. Northern Trust has a 12 month low of $76.67 and a 12 month high of $114.21.

Northern Trust (NASDAQ:NTRS) last issued its quarterly earnings data on Thursday, January 23rd. The asset manager reported $2.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.96 by $0.30. Northern Trust had a net margin of 12.77% and a return on equity of 13.74%. As a group, equities research analysts anticipate that Northern Trust will post 8.2 EPS for the current fiscal year.

Northern Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be paid a $0.75 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $3.00 dividend on an annualized basis and a yield of 2.65%. Northern Trust’s dividend payout ratio (DPR) is presently 30.67%.

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.