Northern Trust (NASDAQ:NTRS) Price Target Raised to $108.00

Northern Trust (NASDAQ:NTRS) had its price target boosted by Deutsche Bank Aktiengesellschaft from $100.00 to $108.00 in a research note published on Monday,Benzinga reports. The brokerage currently has a hold rating on the asset manager’s stock.

A number of other research firms also recently weighed in on NTRS. Wells Fargo & Company raised their target price on shares of Northern Trust from $92.00 to $108.00 and gave the company an “equal weight” rating in a research report on Thursday, October 24th. Morgan Stanley lifted their target price on Northern Trust from $97.00 to $103.00 and gave the company an “underweight” rating in a research report on Thursday, October 24th. Evercore ISI increased their price target on Northern Trust from $86.00 to $103.00 and gave the company an “in-line” rating in a research report on Thursday, October 24th. Royal Bank of Canada raised their price target on Northern Trust from $100.00 to $107.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Finally, Barclays upped their price objective on Northern Trust from $98.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 24th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Northern Trust presently has an average rating of “Hold” and a consensus price target of $100.50.

Northern Trust Trading Down 0.1 %

NASDAQ NTRS opened at $106.84 on Monday. The stock has a market capitalization of $21.18 billion, a price-to-earnings ratio of 13.29, a PEG ratio of 1.24 and a beta of 1.06. Northern Trust has a 52 week low of $72.28 and a 52 week high of $108.53. The stock’s 50 day moving average price is $94.59 and its two-hundred day moving average price is $88.44. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.71 and a current ratio of 0.71.

Northern Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Friday, December 6th will be paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date is Friday, December 6th. Northern Trust’s dividend payout ratio is presently 37.31%.

Insider Activity at Northern Trust

In other news, EVP Mark C. Gossett sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $88.90, for a total transaction of $533,400.00. Following the completion of the sale, the executive vice president now owns 28,707 shares in the company, valued at $2,552,052.30. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Northern Trust news, EVP Thomas A. South sold 5,000 shares of Northern Trust stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $105.80, for a total value of $529,000.00. Following the completion of the sale, the executive vice president now owns 49,756 shares in the company, valued at $5,264,184.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mark C. Gossett sold 6,000 shares of the stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $88.90, for a total transaction of $533,400.00. Following the transaction, the executive vice president now owns 28,707 shares in the company, valued at approximately $2,552,052.30. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 80,906 shares of company stock worth $8,176,652. Insiders own 0.64% of the company’s stock.

Institutional Investors Weigh In On Northern Trust

A number of large investors have recently added to or reduced their stakes in NTRS. Olistico Wealth LLC acquired a new position in Northern Trust in the 2nd quarter valued at $25,000. Innealta Capital LLC acquired a new stake in shares of Northern Trust during the 2nd quarter worth approximately $26,000. Ridgewood Investments LLC bought a new position in Northern Trust in the second quarter valued at approximately $30,000. Northwest Investment Counselors LLC acquired a new position in Northern Trust during the third quarter valued at approximately $39,000. Finally, Versant Capital Management Inc lifted its stake in Northern Trust by 343.9% during the second quarter. Versant Capital Management Inc now owns 435 shares of the asset manager’s stock worth $37,000 after purchasing an additional 337 shares during the last quarter. Institutional investors and hedge funds own 83.19% of the company’s stock.

About Northern Trust

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.