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

Several brokerages recently commented on NTRS. Goldman Sachs Group Inc. cut Northern Trust Corp. from a “buy” rating to a “neutral” rating and reduced their target price for the company from $82.00 to $71.00 in a report on Thursday, July 7th. Citigroup Inc. cut Northern Trust Corp. from a “neutral” rating to a “sell” rating and upped their target price for the company from $60.00 to $66.00 in a report on Wednesday, April 20th. They noted that the move was a valuation call. Zacks Investment Research cut Northern Trust Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, March 30th. JPMorgan Chase & Co. reiterated a “hold” rating and issued a $72.50 target price on shares of Northern Trust Corp. in a report on Thursday, June 9th. Finally, Deutsche Bank AG reiterated a “hold” rating and issued a $73.00 target price (down from $76.00) on shares of Northern Trust Corp. in a report on Thursday, June 16th. Twelve investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. Northern Trust Corp. currently has an average rating of “Hold” and a consensus target price of $71.96.

The stock has a market cap of $15.14 billion and a P/E ratio of 16.50. The firm has a 50-day moving average price of $67.94 and a 200 day moving average price of $66.17.

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 the Zacks’ consensus estimate of $1.06 by $0.03. The firm had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.22 billion. The business’s quarterly revenue was up 4.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.01 earnings per share. On average, equities research analysts predict that Northern Trust Corp. will post $4.21 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, October 1st. Investors of record on Friday, September 2nd will be issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Wednesday, August 31st. This is an increase from Northern Trust Corp.’s previous quarterly dividend of $0.36. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.28%.

Other institutional investors recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Northern Trust Corp. by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 12,357,347 shares of the company’s stock worth $890,842,000 after buying an additional 83,069 shares during the period. Victory Capital Management Inc. boosted its position in shares of 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 worth $100,278,000 after buying an additional 12,517 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Northern Trust Corp. by 5.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 828,058 shares of the company’s stock worth $59,698,000 after buying an additional 40,544 shares during the period. Bank of Montreal Can boosted its position in shares of Northern Trust Corp. by 85.8% in the fourth quarter. Bank of Montreal Can now owns 371,735 shares of the company’s stock worth $26,799,000 after buying an additional 171,644 shares during the period. Finally, BNP Paribas Arbitrage SA boosted its position in shares of Northern Trust Corp. by 9.3% in the fourth quarter. BNP Paribas Arbitrage SA now owns 328,456 shares of the company’s stock worth $23,678,000 after buying an additional 27,867 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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