Analysts Set Northern Trust Corporation (NASDAQ:NTRS) Price Target at $148.75

Northern Trust Corporation (NASDAQ:NTRS) has received an average rating of “Hold” from the fifteen analysts that are covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $148.75.

Several equities research analysts recently weighed in on the company. Zacks Research raised Northern Trust from a “hold” rating to a “strong-buy” rating in a report on Friday, January 23rd. Weiss Ratings reissued a “buy (b-)” rating on shares of Northern Trust in a research note on Thursday, January 22nd. TD Cowen upped their price objective on shares of Northern Trust from $165.00 to $175.00 and gave the stock a “buy” rating in a research report on Monday, January 26th. Wall Street Zen upgraded shares of Northern Trust from a “sell” rating to a “hold” rating in a research note on Saturday, December 27th. Finally, Citigroup initiated coverage on shares of Northern Trust in a research note on Monday, February 23rd. They issued a “neutral” rating for the company.

Insider Buying and Selling

In other Northern Trust news, insider Guy Gibson sold 3,009 shares of the business’s stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $142.39, for a total transaction of $428,451.51. Following the transaction, the insider owned 29,332 shares in the company, valued at approximately $4,176,583.48. The trade was a 9.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Clive Bellows sold 1,148 shares of the stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $145.26, for a total value of $166,758.48. Following the transaction, the insider directly owned 34,133 shares of the company’s stock, valued at approximately $4,958,159.58. This trade represents a 3.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 34,905 shares of company stock worth $5,166,714 in the last three months. Company insiders own 0.77% of the company’s stock.

Institutional Investors Weigh In On Northern Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of NTRS. Triumph Capital Management acquired a new position in shares of Northern Trust during the 3rd quarter worth $25,000. Reflection Asset Management acquired a new stake in shares of Northern Trust in the fourth quarter valued at about $25,000. AlphaCore Capital LLC lifted its stake in shares of Northern Trust by 87.4% in the second quarter. AlphaCore Capital LLC now owns 208 shares of the asset manager’s stock valued at $27,000 after purchasing an additional 97 shares during the period. Board of the Pension Protection Fund purchased a new stake in Northern Trust during the fourth quarter worth about $27,000. Finally, Clearstead Trust LLC purchased a new stake in Northern Trust during the second quarter worth about $29,000. Institutional investors and hedge funds own 83.19% of the company’s stock.

Northern Trust Stock Down 0.3%

NTRS opened at $136.49 on Tuesday. The business has a 50 day moving average price of $145.51 and a two-hundred day moving average price of $136.41. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.57. The company has a market cap of $25.29 billion, a PE ratio of 15.62, a P/E/G ratio of 1.08 and a beta of 1.27. Northern Trust has a 52 week low of $81.62 and a 52 week high of $157.60.

Northern Trust (NASDAQ:NTRS) last announced its earnings results on Friday, January 30th. The asset manager reported $2.42 earnings per share for the quarter, beating the consensus estimate of $2.37 by $0.05. The company had revenue of $3.15 billion for the quarter. Northern Trust had a return on equity of 14.87% and a net margin of 12.15%.The company’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter last year, the business posted $2.26 earnings per share. As a group, research analysts anticipate that Northern Trust will post 8.27 EPS for the current year.

Northern Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Friday, March 6th will be given a $0.80 dividend. The ex-dividend date is Friday, March 6th. This represents a $3.20 dividend on an annualized basis and a yield of 2.3%. Northern Trust’s dividend payout ratio (DPR) is presently 36.61%.

Northern Trust Company Profile

Northern Trust Corporation (NASDAQ: NTRS) is a global financial services firm headquartered in Chicago that provides asset servicing, asset management and wealth management solutions to institutions, corporations and high-net-worth individuals. The company’s core businesses include custody and fund administration, investment operations outsourcing, trust and fiduciary services, private banking, and retirement and defined contribution plan services.

Northern Trust’s product and service offerings span custody and fund accounting, portfolio and performance analytics, securities lending, cash management and foreign exchange, as well as discretionary and non-discretionary investment management.