Northern Trust Co. (NASDAQ:NTRS) Receives $112.58 Average Target Price from Brokerages

Shares of Northern Trust Co. (NASDAQ:NTRS - Get Free Report) have earned an average recommendation of "Hold" from the twelve ratings firms that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $112.58.

A number of equities analysts have issued reports on the stock. Truist Financial lifted their price objective on shares of Northern Trust from $110.00 to $116.00 and gave the stock a "hold" rating in a report on Friday, January 24th. Bank of America upped their target price on shares of Northern Trust from $103.00 to $115.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. UBS Group boosted their price objective on Northern Trust from $110.00 to $114.00 and gave the stock a "neutral" rating in a report on Monday, January 27th. StockNews.com upgraded Northern Trust from a "hold" rating to a "buy" rating in a research report on Friday, January 24th. Finally, The Goldman Sachs Group boosted their price target on shares of Northern Trust from $92.00 to $102.00 and gave the stock a "sell" rating in a research note on Friday, January 24th.

Insider Buying and Selling at Northern Trust

In other Northern Trust news, insider John Landers sold 900 shares of the company's stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $111.44, for a total value of $100,296.00. Following the completion of the transaction, the insider now owns 7,640 shares in the company, valued at $851,401.60. This represents a 10.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Vice Chairman Steven L. Fradkin sold 9,100 shares of the firm's stock in a transaction on Friday, November 29th. The stock was sold at an average price of $111.00, for a total transaction of $1,010,100.00. Following the transaction, the insider now directly owns 47,797 shares in the company, valued at $5,305,467. The trade was a 15.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 40,631 shares of company stock valued at $4,550,459 over the last quarter. 0.64% of the stock is currently owned by insiders.

Institutional Trading of Northern Trust

Several hedge funds have recently modified their holdings of NTRS. Inceptionr LLC boosted its holdings in shares of Northern Trust by 107.4% during the fourth quarter. Inceptionr LLC now owns 18,079 shares of the asset manager's stock worth $1,853,000 after purchasing an additional 9,362 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Northern Trust during the 4th quarter worth about $7,456,000. Cullen Frost Bankers Inc. increased its position in Northern Trust by 473.0% during the 4th quarter. Cullen Frost Bankers Inc. now owns 848 shares of the asset manager's stock worth $87,000 after purchasing an additional 700 shares in the last quarter. Verdence Capital Advisors LLC purchased a new position in Northern Trust in the fourth quarter valued at approximately $466,000. Finally, Proficio Capital Partners LLC acquired a new position in Northern Trust during the fourth quarter valued at approximately $51,000. 83.19% of the stock is owned by institutional investors and hedge funds.

Northern Trust Price Performance

NTRS stock traded up $0.58 during mid-day trading on Monday, hitting $113.80. The stock had a trading volume of 842,242 shares, compared to its average volume of 1,185,277. The firm has a fifty day simple moving average of $106.33 and a 200 day simple moving average of $98.05. The company has a current ratio of 0.68, a quick ratio of 0.71 and a debt-to-equity ratio of 0.58. Northern Trust has a 52 week low of $76.67 and a 52 week high of $114.21. The firm has a market capitalization of $22.56 billion, a P/E ratio of 11.64, a P/E/G ratio of 1.72 and a beta of 1.08.

Northern Trust (NASDAQ:NTRS - Get Free Report) last posted its earnings results on Thursday, January 23rd. The asset manager reported $2.26 earnings per share for the quarter, topping 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, research analysts forecast that Northern Trust will post 8.2 EPS for the current year.

Northern Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be given a $0.75 dividend. The ex-dividend date is Friday, March 14th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.64%. Northern Trust's dividend payout ratio (DPR) is currently 30.67%.

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.