Northern Trust Corporation (NASDAQ: NTRS) recently received a number of ratings updates from brokerages and research firms:

  • 8/9/2017 – Northern Trust Corporation is now covered by analysts at Wells Fargo & Company. They set a “market perform” rating and a $90.00 price target on the stock.
  • 8/2/2017 – Northern Trust Corporation was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Northern Trust’s shares outperformed the industry over the past six months. The company’s second-quarter 2017 adjusted earnings missed the Zacks Consensus Estimate on elevated operating expenses and reduced non-interest income. Despite undertaking cost-savings measures, mounting expenses continue to hurt the company's financials. However, the company continues to benefit from its strong wealth management operations with diversified products. Also, the rising interest-rate environment has eased margin pressure aiding revenues. Moreover, approval of 2017 capital plan, expected lesser regulations and steady capital deployment activities are other positives.”
  • 8/1/2017 – Northern Trust Corporation was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/27/2017 – Northern Trust Corporation was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Northern Trust’s shares underperformed the industry over the past six months. The company’s second-quarter 2017 adjusted earnings missed the Zacks Consensus Estimate on elevated operating expenses and reduced non-interest income. Despite undertaking cost-savings measures, mounting expenses continue to hurt the company's financials. However, the company continues to benefit from its strong wealth management operations with diversified products. Also, the rising interest-rate environment has eased margin pressure aiding revenues. Moreover, approval of 2017 capital plan, expected lesser regulations and steady capital deployment activities are other positives. Nevertheless, potential unfavorable changes in global market conditions remain a major headwind.”
  • 7/25/2017 – Northern Trust Corporation was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/22/2017 – Northern Trust Corporation had its “neutral” rating reaffirmed by analysts at Goldman Sachs Group, Inc. (The). They now have a $86.00 price target on the stock, down previously from $91.00.
  • 7/21/2017 – Northern Trust Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Northern Trust’s shares underperformed the Zacks categorized Major Regional Banks industry over the past six months. The company’s second-quarter 2017 adjusted earnings missed the Zacks Consensus Estimate on elevated operating expenses and reduced non-interest income. Despite undertaking cost-savings measures, mounting expenses continue to hurt the company's financials. Further, potential unfavorable changes in global market conditions remain other major headwinds. However, the company continues to benefit from its strong wealth management operations with diversified products. Notably, the company’s deal to acquire fund administration services in Luxembourg and Switzerland will further support its financials. Also, the rising interest-rate environment has eased margin pressure aiding revenues. Moreover, approval of 2017 capital plan, expected lesser regulations and steady capital deployment activities are other positives.”
  • 7/20/2017 – Northern Trust Corporation had its price target lowered by analysts at Bank of America Corporation from $106.00 to $97.00. They now have a “buy” rating on the stock.
  • 7/20/2017 – Northern Trust Corporation had its price target lowered by analysts at Deutsche Bank AG from $103.00 to $93.00. They now have a “hold” rating on the stock.
  • 7/20/2017 – Northern Trust Corporation had its price target lowered by analysts at Morgan Stanley from $86.00 to $83.00. They now have an “underweight” rating on the stock.
  • 7/19/2017 – Northern Trust Corporation was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 7/12/2017 – Northern Trust Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $110.00 price target on the stock. According to Zacks, “Northern Trust shares outperformed the Zacks categorized Major Regional Banks industry over the past one year. The company continues to benefit from its strong wealth management operations with diversified products. Notably, its deal to acquire fund administration services in Luxembourg and Switzerland will further support its financials. Also, the company raised its prime lending rate to 4.25%, following the recent Fed interest rate hike, reflecting easing margin pressure aiding revenues. Moreover, approval of 2017 capital plan, expected lesser regulations and steady capital deployment activites are other positives. However, despite undertaking cost savings measures, mounting expenses continue to hurt the company's financials. Further, potential unfavorable changes in global market conditions remain other major headwinds.”
  • 7/10/2017 – Northern Trust Corporation had its “neutral” rating reaffirmed by analysts at Buckingham Research. They now have a $103.00 price target on the stock, up previously from $93.00.
  • 7/7/2017 – Northern Trust Corporation had its “underweight” rating reaffirmed by analysts at Morgan Stanley. They now have a $86.00 price target on the stock, up previously from $80.00.
  • 7/5/2017 – Northern Trust Corporation was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 6/29/2017 – Northern Trust Corporation had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $97.00 price target on the stock.
  • 6/14/2017 – Northern Trust Corporation was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.

Northern Trust Corporation (NASDAQ NTRS) traded down 2.29% during mid-day trading on Thursday, hitting $87.20. The company had a trading volume of 1,845,824 shares. The company has a market capitalization of $19.92 billion, a price-to-earnings ratio of 19.80 and a beta of 0.92. The firm’s 50 day moving average is $92.94 and its 200 day moving average is $89.19. Northern Trust Corporation has a 52 week low of $66.40 and a 52 week high of $99.30.

Northern Trust Corporation (NASDAQ:NTRS) last released its earnings results on Wednesday, July 19th. The asset manager reported $1.18 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.23 by $0.05. The company had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.33 billion. Northern Trust Corporation had a net margin of 20.21% and a return on equity of 12.08%. Northern Trust Corporation’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter last year, the firm posted $1.09 earnings per share. On average, equities research analysts predict that Northern Trust Corporation will post $4.72 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Sunday, October 1st. Investors of record on Friday, September 1st will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This is an increase from Northern Trust Corporation’s previous quarterly dividend of $0.38. This represents a $1.68 annualized dividend and a yield of 1.93%. Northern Trust Corporation’s payout ratio is 34.55%.

In other Northern Trust Corporation news, COO Jana R. Schreuder sold 5,538 shares of the firm’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $88.33, for a total transaction of $489,171.54. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Stephen N. Potter sold 28,469 shares of the firm’s stock in a transaction dated Wednesday, July 5th. The shares were sold at an average price of $99.08, for a total value of $2,820,708.52. The disclosure for this sale can be found here. Insiders have sold 184,974 shares of company stock worth $17,103,543 over the last quarter. 1.27% of the stock is owned by company insiders.

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 across the world. Its segments include Corporate & Institutional Services (C&IS), Wealth Management, and Treasury and Other.

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