Northern Trust Corp. (NASDAQ:NTRS) shares gapped up before the market opened on Wednesday . The stock had previously closed at $67.90, but opened at $68.08. Northern Trust Corp. shares last traded at $68.54, with a volume of 841,102 shares.

A number of research analysts recently issued reports on NTRS shares. Zacks Investment Research lowered Northern Trust Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, March 30th. Deutsche Bank AG reissued a “hold” rating on shares of Northern Trust Corp. in a research note on Wednesday, April 6th. Jefferies Group dropped their price target on Northern Trust Corp. to $67.00 and set a “hold” rating on the stock in a research note on Friday, April 8th. Citigroup Inc. cut Northern Trust Corp. from a “neutral” rating to a “sell” rating and lifted their price target for the stock from $60.00 to $66.00 in a research note on Wednesday, April 20th. They noted that the move was a valuation call. Finally, Sandler O’Neill cut Northern Trust Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, April 20th. Twelve investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. Northern Trust Corp. currently has a consensus rating of “Hold” and an average price target of $72.19.

The stock’s 50 day moving average is $67.31 and its 200 day moving average is $66.13. The stock has a market capitalization of $15.52 billion and a price-to-earnings ratio of 16.92.

Northern Trust Corp. (NASDAQ:NTRS) last issued its quarterly earnings results on Wednesday, July 20th. The company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.03. The firm had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.22 billion. The company’s revenue was up 4.8% compared to the same quarter last year. During the same period last year, the company earned $1.01 EPS. Equities research analysts anticipate that Northern Trust Corp. will post $4.23 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Saturday, October 1st. Shareholders of record on Friday, September 2nd will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.22%. This is a positive change from Northern Trust Corp.’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Wednesday, August 31st.

Other institutional investors recently added to or reduced their stakes in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised 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 last quarter. Tredje AP fonden raised its position in Northern Trust Corp. by 1.6% in the fourth quarter. Tredje AP fonden now owns 14,208 shares of the company’s stock valued at $1,029,000 after buying an additional 223 shares during the last quarter. BOKF NA raised its position in Northern Trust Corp. by 18.0% in the fourth quarter. BOKF NA now owns 14,359 shares of the company’s stock valued at $1,035,000 after buying an additional 2,194 shares during the last quarter. Advantus Capital Management Inc raised its position in Northern Trust Corp. by 2.8% in the fourth quarter. Advantus Capital Management Inc now owns 20,938 shares of the company’s stock valued at $1,509,000 after buying an additional 580 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management CO. LTD. raised its position in Northern Trust Corp. by 5.7% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 29,299 shares of the company’s stock valued at $2,112,000 after buying an additional 1,569 shares during the last quarter.

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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