Northern Trust Corp. (NASDAQ:NTRS) shares were down 1.2% during trading on Wednesday . The company traded as low as $65.15 and last traded at $66.30, with a volume of 1,361,054 shares changing hands. The stock had previously closed at $67.11.

A number of research analysts recently commented on NTRS shares. Zacks Investment Research cut Northern Trust Corp. from a “buy” rating to a “hold” rating in a report on Friday, May 6th. Jefferies Group upped their price target on Northern Trust Corp. from $64.00 to $66.00 and gave the stock a “hold” rating in a research note on Monday, March 28th. Royal Bank Of Canada upped their price target on Northern Trust Corp. from $54.00 to $64.00 and gave the stock a “sector perform” rating in a research note on Monday, March 28th. Deutsche Bank AG upped their price target on Northern Trust Corp. from $71.00 to $73.00 and gave the stock a “hold” rating in a research note on Monday, April 25th. Finally, Credit Suisse Group AG restated a “hold” rating on shares of Northern Trust Corp. in a research note on Tuesday, June 28th. Twelve research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. Northern Trust Corp. has a consensus rating of “Hold” and an average target price of $72.42.

The company’s 50-day moving average is $68.14 and its 200-day moving average is $66.17. The firm has a market cap of $15.17 billion and a PE ratio of 16.37.

Northern Trust Corp. (NASDAQ:NTRS) last announced its quarterly earnings data on Wednesday, July 20th. The company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.03. During the same period in the prior year, the company earned $1.01 EPS. The business had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.22 billion. Northern Trust Corp.’s quarterly revenue was up 4.8% on a year-over-year basis. On average, equities research analysts expect that Northern Trust Corp. will post $4.20 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Saturday, October 1st. Shareholders of record on Friday, September 2nd will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.29%. This is a boost from Northern Trust Corp.’s previous quarterly dividend of $0.36.

In other Northern Trust Corp. news, EVP Peter Cherecwich sold 58,260 shares of the company’s stock in a transaction dated Thursday, April 21st. The shares were sold at an average price of $71.78, for a total value of $4,181,902.80. Following the completion of the transaction, the executive vice president now owns 54,176 shares in the company, valued at approximately $3,888,753.28. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

A number of hedge funds and institutional investors have recently bought and sold shares of the company. Bank of Montreal Can boosted its position in Northern Trust Corp. by 85.8% in the fourth quarter. Bank of Montreal Can now owns 371,735 shares of the company’s stock valued at $26,799,000 after buying an additional 171,644 shares during the period. Nuance Investments LLC boosted its position in Northern Trust Corp. by 4.1% in the fourth quarter. Nuance Investments LLC now owns 22,149 shares of the company’s stock valued at $1,597,000 after buying an additional 867 shares during the period. Victory Capital Management Inc. boosted its position in Northern Trust Corp. by 0.9% in the fourth quarter. Victory Capital Management Inc. now owns 1,391,005 shares of the company’s stock valued at $100,278,000 after buying an additional 12,517 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Northern Trust Corp. by 1.0% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,200 shares of the company’s stock valued at $1,024,000 after buying an additional 137 shares during the period. Finally, State of Wisconsin Investment Board boosted its position in Northern Trust Corp. by 23.9% in the fourth quarter. State of Wisconsin Investment Board now owns 73,432 shares of the company’s stock valued at $5,294,000 after buying an additional 14,160 shares during the period.

Northern Trust Corporation is a financial holding company. The Company provides asset servicing, fund administration, asset management, fiduciary and banking solutions for corporations, institutions, families and individuals around the world. The Company’s segments include Corporate & Institutional Services (C&IS), Wealth Management, and Treasury and Other.

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