Northern Trust Corporation (NASDAQ:NTRS – Get Free Report) has been assigned a consensus recommendation of “Hold” from the fifteen analysts that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, eight have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $164.0833.
Several equities research analysts have recently issued reports on the company. Zacks Research upgraded Northern Trust from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. JPMorgan Chase & Co. raised their price objective on Northern Trust from $153.50 to $170.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. Weiss Ratings upgraded Northern Trust from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. Royal Bank Of Canada raised their price objective on Northern Trust from $159.00 to $178.00 and gave the stock an “outperform” rating in a report on Wednesday, April 22nd. Finally, Truist Financial increased their target price on Northern Trust from $155.00 to $176.00 and gave the stock a “hold” rating in a research report on Wednesday, April 22nd.
Get Our Latest Analysis on NTRS
Northern Trust Stock Up 0.2%
Northern Trust (NASDAQ:NTRS – Get Free Report) last posted its quarterly earnings data on Tuesday, April 21st. The asset manager reported $2.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.37 by $0.34. Northern Trust had a return on equity of 15.94% and a net margin of 12.84%.The business had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.13 billion. During the same quarter last year, the firm earned $1.90 earnings per share. The business’s revenue was up 13.8% on a year-over-year basis. As a group, equities research analysts forecast that Northern Trust will post 10.68 earnings per share for the current fiscal year.
Northern Trust Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Friday, June 5th will be given a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, June 5th. Northern Trust’s dividend payout ratio (DPR) is 33.51%.
Insider Transactions at Northern Trust
In other news, Director Robert Edward Jr. Moritz bought 225 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The shares were acquired at an average cost of $166.41 per share, with a total value of $37,442.25. Following the transaction, the director owned 8,145 shares of the company’s stock, valued at $1,355,409.45. This represents a 2.84% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Guy Gibson sold 3,009 shares of the stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $142.39, for a total value of $428,451.51. Following the completion of the transaction, the insider directly owned 29,332 shares in the company, valued at $4,176,583.48. This trade represents a 9.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 29,064 shares of company stock valued at $4,682,064. Corporate insiders own 0.66% of the company’s stock.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the company. Triumph Capital Management purchased a new position in shares of Northern Trust in the 3rd quarter worth $25,000. Reflection Asset Management acquired a new position in shares of Northern Trust during the fourth quarter worth about $25,000. Board of the Pension Protection Fund acquired a new stake in shares of Northern Trust in the fourth quarter valued at about $27,000. Elyxium Wealth LLC acquired a new stake in shares of Northern Trust in the fourth quarter valued at about $34,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of Northern Trust during the 4th quarter valued at about $35,000. 83.19% of the stock is owned by hedge funds and other institutional investors.
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.
Featured Stories
- Five stocks we like better than Northern Trust
- 3 Stocks Rallying on Micron’s Price Boost: Substance or Hype?
- Snowflake and the Snowballing Impact of its AI Flywheel
- AI’s Biggest Bottleneck Could Make These 2 Stocks Soar
- These 3 Beaten-Down Stocks Just Saw $25 Million in Insider Buying
Receive News & Ratings for Northern Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northern Trust and related companies with MarketBeat.com's FREE daily email newsletter.
