Northern Trust Corporation (NASDAQ:NTRS) Receives Average Recommendation of “Hold” from Brokerages

Shares of Northern Trust Corporation (NASDAQ:NTRS) have earned a consensus rating of “Hold” from the fourteen brokerages that are currently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $154.5455.

A number of analysts have commented on NTRS shares. Wells Fargo & Company boosted their price target on shares of Northern Trust from $145.00 to $150.00 and gave the stock an “equal weight” rating in a research report on Friday, January 23rd. Barclays boosted their price target on shares of Northern Trust from $136.00 to $160.00 and gave the stock an “equal weight” rating in a research report on Monday, January 5th. Weiss Ratings restated a “buy (b-)” rating on shares of Northern Trust in a research report on Thursday, January 22nd. Wall Street Zen upgraded shares of Northern Trust from a “sell” rating to a “hold” rating in a research report on Saturday, December 27th. Finally, The Goldman Sachs Group upgraded shares of Northern Trust from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $148.00 to $151.00 in a research report on Monday.

Insider Activity at Northern Trust

In other Northern Trust news, Director Robert Edward Jr. Moritz bought 245 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The shares were acquired at an average cost of $151.85 per share, for a total transaction of $37,203.25. Following the acquisition, the director directly owned 6,931 shares of the company’s stock, valued at $1,052,472.35. This trade represents a 3.66% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, 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 completion of the sale, the insider owned 29,332 shares in the company, valued at $4,176,583.48. The trade was a 9.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 34,905 shares of company stock worth $5,166,714 in the last three months. Insiders own 0.66% of the company’s stock.

Institutional Trading of Northern Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Corient Private Wealth LLC raised its holdings in shares of Northern Trust by 3.9% in the 4th quarter. Corient Private Wealth LLC now owns 400,809 shares of the asset manager’s stock worth $55,154,000 after purchasing an additional 15,221 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of Northern Trust in the 4th quarter worth approximately $59,000. Reflection Asset Management bought a new stake in shares of Northern Trust in the 4th quarter worth approximately $25,000. Kera Capital Partners Inc. raised its holdings in shares of Northern Trust by 76.1% in the 4th quarter. Kera Capital Partners Inc. now owns 4,293 shares of the asset manager’s stock worth $642,000 after purchasing an additional 1,855 shares in the last quarter. Finally, MV Capital Management Inc. bought a new stake in shares of Northern Trust in the 4th quarter worth approximately $232,000. 83.19% of the stock is currently owned by institutional investors.

Northern Trust Stock Up 4.2%

Shares of Northern Trust stock opened at $151.74 on Friday. The business’s fifty day moving average price is $143.21 and its two-hundred day moving average price is $137.56. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.69 and a quick ratio of 0.69. The company has a market capitalization of $28.12 billion, a P/E ratio of 17.36, a PEG ratio of 1.12 and a beta of 1.23. Northern Trust has a 1-year low of $83.01 and a 1-year high of $157.60.

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

Northern Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Friday, March 6th were given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Friday, March 6th. Northern Trust’s payout ratio is 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.