Northern Trust (NASDAQ:NTRS) Price Target Cut to $105.00 by Analysts at Citigroup

Northern Trust (NASDAQ:NTRS - Free Report) had its target price lowered by Citigroup from $110.00 to $105.00 in a research report report published on Monday morning,Benzinga reports. The brokerage currently has a neutral rating on the asset manager's stock.

NTRS has been the topic of several other reports. Royal Bank of Canada increased their price objective on Northern Trust from $107.00 to $115.00 and gave the company an "outperform" rating in a research report on Friday, January 24th. The Goldman Sachs Group increased their price objective on shares of Northern Trust from $92.00 to $102.00 and gave the company a "sell" rating in a research report on Friday, January 24th. Morgan Stanley decreased their target price on shares of Northern Trust from $138.00 to $136.00 and set an "equal weight" rating for the company in a research note on Thursday, March 6th. Barclays raised their price target on Northern Trust from $115.00 to $118.00 and gave the stock an "equal weight" rating in a research note on Monday, January 6th. Finally, Truist Financial upped their price objective on Northern Trust from $110.00 to $116.00 and gave the stock a "hold" rating in a research note on Friday, January 24th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Northern Trust currently has a consensus rating of "Hold" and a consensus price target of $113.46.

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Northern Trust Stock Down 3.1 %

Shares of NASDAQ NTRS traded down $3.12 on Monday, reaching $97.43. 622,165 shares of the company's stock traded hands, compared to its average volume of 1,224,463. 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 business's 50 day simple moving average is $107.23 and its two-hundred day simple moving average is $102.71. Northern Trust has a 12 month low of $79.32 and a 12 month high of $114.67. The company has a market cap of $19.07 billion, a price-to-earnings ratio of 9.96, a price-to-earnings-growth ratio of 1.72 and a beta of 1.07.

Northern Trust (NASDAQ:NTRS - Get Free Report) last posted its quarterly earnings results on Thursday, January 23rd. The asset manager reported $2.26 EPS for the quarter, beating analysts' consensus estimates of $1.96 by $0.30. Northern Trust had a net margin of 12.77% and a return on equity of 13.74%. As a group, equities research analysts forecast that Northern Trust will post 8.27 EPS for the current fiscal year.

Northern Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date is Friday, March 14th. Northern Trust's dividend payout ratio (DPR) is currently 30.67%.

Insider Activity at Northern Trust

In other news, EVP Thomas A. South sold 3,804 shares of the firm's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $113.00, for a total transaction of $429,852.00. Following the completion of the transaction, the executive vice president now owns 81,794 shares in the company, valued at $9,242,722. This trade represents a 4.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Peter Cherecwich sold 26,132 shares of the business's stock in a transaction dated 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 owns 26,586 shares in the company, valued at $2,987,202.96. This represents a 49.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 35,335 shares of company stock valued at $3,970,211. Corporate insiders own 0.64% of the company's stock.

Institutional Investors Weigh In On Northern Trust

Large investors have recently bought and sold shares of the business. Juncture Wealth Strategies LLC lifted its stake in shares of Northern Trust by 2.4% in the 4th quarter. Juncture Wealth Strategies LLC now owns 4,212 shares of the asset manager's stock valued at $432,000 after purchasing an additional 100 shares during the last quarter. Ballentine Partners LLC lifted its position in Northern Trust by 4.4% in the fourth quarter. Ballentine Partners LLC now owns 2,483 shares of the asset manager's stock worth $255,000 after buying an additional 105 shares during the last quarter. Pallas Capital Advisors LLC increased its position in Northern Trust by 1.8% during the fourth quarter. Pallas Capital Advisors LLC now owns 6,091 shares of the asset manager's stock valued at $624,000 after acquiring an additional 107 shares during the last quarter. Ellevest Inc. raised its stake in shares of Northern Trust by 3.4% in the fourth quarter. Ellevest Inc. now owns 3,410 shares of the asset manager's stock valued at $350,000 after acquiring an additional 113 shares during the period. Finally, Bradley Foster & Sargent Inc. CT raised its stake in shares of Northern Trust by 2.4% in the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 4,774 shares of the asset manager's stock valued at $489,000 after acquiring an additional 114 shares during the period. Institutional investors own 83.19% of the company's stock.

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.