Northern Trust Co. (NASDAQ:NTRS) Given Consensus Rating of "Hold" by Brokerages

Shares of Northern Trust Co. (NASDAQ:NTRS - Get Free Report) have been assigned a consensus rating of "Hold" from the twelve brokerages that are covering the company, Marketbeat reports. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and three 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 $100.67.

NTRS has been the topic of a number of analyst reports. Royal Bank of Canada raised their price objective on shares of Northern Trust from $100.00 to $107.00 and gave the company an "outperform" rating in a report on Thursday, October 24th. The Goldman Sachs Group downgraded Northern Trust from a "neutral" rating to a "sell" rating and dropped their price objective for the company from $84.00 to $82.00 in a report on Thursday, September 26th. Bank of America boosted their target price on Northern Trust from $103.00 to $115.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. Wells Fargo & Company increased their price target on shares of Northern Trust from $108.00 to $110.00 and gave the company an "equal weight" rating in a research note on Friday, November 15th. Finally, UBS Group lifted their price target on shares of Northern Trust from $86.00 to $92.00 and gave the stock a "neutral" rating in a research note on Tuesday, October 8th.

Insiders Place Their Bets

In other news, Vice Chairman Steven L. Fradkin sold 27,874 shares of Northern Trust stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $100.50, for a total value of $2,801,337.00. Following the sale, the insider now owns 46,078 shares of the company's stock, valued at $4,630,839. The trade was a 37.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Teresa Parker sold 4,439 shares of the stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $100.86, for a total transaction of $447,717.54. Following the transaction, the insider now directly owns 79,326 shares of the company's stock, valued at $8,000,820.36. This represents a 5.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 80,906 shares of company stock valued at $8,176,652. 0.64% of the stock is owned by company insiders.

Institutional Trading of Northern Trust

A number of institutional investors have recently modified their holdings of the business. Allworth Financial LP lifted its holdings in Northern Trust by 9.1% in the third quarter. Allworth Financial LP now owns 1,170 shares of the asset manager's stock valued at $105,000 after acquiring an additional 98 shares during the period. Massmutual Trust Co. FSB ADV lifted its stake in shares of Northern Trust by 14.5% in the third quarter. Massmutual Trust Co. FSB ADV now owns 922 shares of the asset manager's stock valued at $83,000 after purchasing an additional 117 shares during the period. DekaBank Deutsche Girozentrale boosted its holdings in Northern Trust by 0.3% during the second quarter. DekaBank Deutsche Girozentrale now owns 43,713 shares of the asset manager's stock worth $3,608,000 after buying an additional 120 shares in the last quarter. Mesirow Financial Investment Management Inc. grew its position in Northern Trust by 0.4% during the third quarter. Mesirow Financial Investment Management Inc. now owns 35,673 shares of the asset manager's stock worth $3,212,000 after buying an additional 127 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its holdings in Northern Trust by 1.3% in the second quarter. Allspring Global Investments Holdings LLC now owns 10,584 shares of the asset manager's stock valued at $889,000 after buying an additional 131 shares in the last quarter. 83.19% of the stock is currently owned by hedge funds and other institutional investors.

Northern Trust Stock Down 0.6 %

Shares of NTRS stock traded down $0.70 during trading hours on Wednesday, reaching $107.14. 130,046 shares of the stock were exchanged, compared to its average volume of 1,296,549. Northern Trust has a 12-month low of $75.26 and a 12-month high of $109.54. The business's fifty day moving average is $96.49 and its two-hundred day moving average is $89.29. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.71 and a quick ratio of 0.71. The firm has a market capitalization of $21.24 billion, a P/E ratio of 13.41, a P/E/G ratio of 1.21 and a beta of 1.06.

Northern Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Investors of record on Friday, December 6th will be given a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 2.80%. The ex-dividend date of this dividend is Friday, December 6th. Northern Trust's dividend payout ratio (DPR) is presently 37.31%.

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.