Northern Trust Co. (NASDAQ:NTRS) Receives $113.08 Consensus Target Price from Analysts

Shares of Northern Trust Co. (NASDAQ:NTRS) have been assigned an average recommendation of “Hold” from the twelve analysts that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $110.83.

Several analysts have issued reports on the company. Truist Financial cut their price target on Northern Trust from $98.00 to $92.00 and set a “hold” rating for the company in a report on Wednesday. Evercore ISI lowered their target price on shares of Northern Trust from $104.00 to $100.00 and set an “in-line” rating on the stock in a research note on Wednesday. Wells Fargo & Company cut their price target on Northern Trust from $118.00 to $111.00 and set an “equal weight” rating for the company in a research note on Wednesday. StockNews.com cut Northern Trust from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Finally, Keefe, Bruyette & Woods upped their price objective on Northern Trust from $113.00 to $122.00 and gave the stock a “market perform” rating in a research note on Friday, January 24th.

Northern Trust Price Performance

NASDAQ NTRS opened at $91.59 on Friday. The company has a quick ratio of 0.71, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $17.92 billion, a P/E ratio of 9.37, a PEG ratio of 1.72 and a beta of 1.10. The company has a 50-day moving average price of $97.80 and a 200-day moving average price of $102.73. Northern Trust has a 52 week low of $79.68 and a 52 week high of $114.67.

Northern Trust (NASDAQ:NTRS) last released its quarterly earnings results on Tuesday, April 22nd. The asset manager reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.85 by $0.05. Northern Trust had a net margin of 12.77% and a return on equity of 13.74%. The business had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.95 billion. Equities research analysts anticipate that Northern Trust will post 8.27 earnings per share for the current year.

Northern Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 6th will be paid a $0.75 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.28%. Northern Trust’s payout ratio is currently 27.99%.

Insider Activity at Northern Trust

In other news, COO Peter Cherecwich sold 26,132 shares of the firm’s stock in a transaction that occurred on Wednesday, January 29th. The stock was sold at an average price of $112.36, for a total value of $2,936,191.52. Following the completion of the sale, the chief operating officer now directly owns 26,586 shares of the company’s stock, valued at $2,987,202.96. This trade represents a 49.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Thomas A. South sold 3,804 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $113.00, for a total value of $429,852.00. Following the transaction, the executive vice president now directly owns 81,794 shares in the company, valued at approximately $9,242,722. This represents a 4.44 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 35,335 shares of company stock valued at $3,970,211. Insiders own 0.77% of the company’s stock.

Institutional Trading of Northern Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Y.D. More Investments Ltd lifted its position in shares of Northern Trust by 118.4% during the fourth quarter. Y.D. More Investments Ltd now owns 249 shares of the asset manager’s stock worth $26,000 after purchasing an additional 135 shares during the last quarter. Colonial Trust Co SC increased its position in shares of Northern Trust by 6,400.0% during the fourth quarter. Colonial Trust Co SC now owns 260 shares of the asset manager’s stock worth $27,000 after acquiring an additional 256 shares during the period. Continuum Advisory LLC raised its stake in shares of Northern Trust by 5,340.0% during the first quarter. Continuum Advisory LLC now owns 272 shares of the asset manager’s stock valued at $27,000 after acquiring an additional 267 shares in the last quarter. Empirical Asset Management LLC bought a new stake in Northern Trust during the 4th quarter valued at $33,000. Finally, Brooklyn Investment Group lifted its holdings in shares of Northern Trust by 51.2% in the 4th quarter. Brooklyn Investment Group now owns 378 shares of the asset manager’s stock worth $39,000 after buying an additional 128 shares during the period. 83.19% of the stock is owned by hedge funds and other institutional investors.

Northern Trust Company Profile

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.