Northern Trust Corporation (NASDAQ:NTRS) Receives Consensus Rating of “Hold” from Analysts

Northern Trust Corporation (NASDAQ:NTRS) has been assigned a consensus recommendation of “Hold” from the fifteen ratings firms that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $180.93.

Several research firms have recently issued reports on NTRS. Zacks Research lowered shares of Northern Trust from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 25th. Bank of America upped their price target on shares of Northern Trust from $190.00 to $200.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. Truist Financial increased their price objective on shares of Northern Trust from $176.00 to $186.00 and gave the stock a “hold” rating in a research report on Friday, June 26th. Weiss Ratings restated a “buy (b)” rating on shares of Northern Trust in a research report on Friday, July 31st. Finally, UBS Group set a $186.00 target price on Northern Trust in a research report on Friday, June 26th.

Insiders Place Their Bets

In other Northern Trust news, EVP Thomas A. South sold 1,800 shares of the company’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $184.90, for a total value of $332,820.00. Following the transaction, the executive vice president owned 92,917 shares of the company’s stock, valued at $17,180,353.30. This represents a 1.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Robert Moritz, Jr. bought 255 shares of Northern Trust stock in a transaction on Wednesday, July 29th. The stock was acquired at an average price of $179.57 per share, for a total transaction of $45,790.35. Following the purchase, the director owned 8,400 shares of the company’s stock, valued at approximately $1,508,388. This trade represents a 3.13% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.66% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Reflection Asset Management bought a new position in Northern Trust in the 4th quarter worth about $25,000. Continuum Advisory LLC purchased a new position in shares of Northern Trust during the second quarter worth approximately $26,000. Basecamp Wealth Advisors LLC increased its position in shares of Northern Trust by 99.0% during the first quarter. Basecamp Wealth Advisors LLC now owns 203 shares of the asset manager’s stock worth $28,000 after acquiring an additional 101 shares during the period. NBH Bank bought a new stake in shares of Northern Trust during the second quarter valued at approximately $30,000. Finally, Keating Financial Advisory Services Inc. bought a new stake in shares of Northern Trust during the second quarter valued at approximately $31,000. Hedge funds and other institutional investors own 83.19% of the company’s stock.

Northern Trust Stock Performance

NASDAQ:NTRS opened at $171.40 on Friday. The firm has a market capitalization of $31.36 billion, a PE ratio of 14.71, a PEG ratio of 0.95 and a beta of 1.24. The stock’s fifty day moving average is $182.52 and its 200 day moving average is $170.76. Northern Trust has a fifty-two week low of $121.12 and a fifty-two week high of $195.78. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.65 and a current ratio of 0.65.

Northern Trust (NASDAQ:NTRS) last posted its quarterly earnings data on Wednesday, July 22nd. The asset manager reported $4.23 EPS for the quarter, topping the consensus estimate of $2.71 by $1.52. Northern Trust had a net margin of 14.76% and a return on equity of 16.91%. The company had revenue of $2.71 billion during the quarter, compared to analyst estimates of $2.69 billion. During the same period in the previous year, the firm earned $2.13 earnings per share. Northern Trust’s quarterly revenue was up 35.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Northern Trust will post 11.62 earnings per share for the current year.

Northern Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Friday, September 4th were paid a dividend of $0.88 per share. The ex-dividend date of this dividend was Friday, September 4th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.1%. This is an increase from Northern Trust’s previous quarterly dividend of $0.80. Northern Trust’s dividend payout ratio is 30.21%.

About Northern Trust

Northern Trust Corporation is a financial services company headquartered in Chicago, Illinois. Founded in 1889, the company provides wealth management, asset servicing, asset management and banking services to corporations, institutions, affluent individuals and families, and financial professionals.

Through its wealth management business, Northern Trust offers investment management, financial planning, trust and estate services, private banking, and family office solutions. Its asset servicing and banking operations support institutional investors and businesses with custody, fund administration, securities lending, foreign exchange, treasury services, capital markets, and related banking solutions.

Northern Trust serves clients through operations in the United States and international markets, including Canada, Europe, the Middle East and the Asia-Pacific region.