Northern Trust Corporation (NASDAQ:NTRS) Receives Consensus Rating of "Hold" from Analysts

Northern Trust Corporation (NASDAQ:NTRS - Get Free Report) has been given an average rating of "Hold" by the seventeen research firms that are presently covering the stock, MarketBeat reports. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $132.4615.

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Several analysts have issued reports on the stock. Truist Financial decreased their price target on shares of Northern Trust from $142.00 to $139.00 and set a "hold" rating on the stock in a research report on Thursday, October 23rd. Zacks Research downgraded Northern Trust from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 9th. Evercore ISI upped their price target on Northern Trust from $125.00 to $135.00 and gave the company an "in-line" rating in a report on Tuesday, September 30th. Citigroup raised their price objective on Northern Trust from $110.00 to $135.00 and gave the stock a "neutral" rating in a research report on Friday, September 5th. Finally, BMO Capital Markets assumed coverage on Northern Trust in a research report on Friday, October 3rd. They set a "market perform" rating and a $142.00 price objective on the stock.

View Our Latest Stock Report on Northern Trust

Northern Trust Stock Performance

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Shares of NASDAQ NTRS opened at $131.34 on Friday. Northern Trust has a 12 month low of $81.62 and a 12 month high of $135.48. The company has a market cap of $24.84 billion, a P/E ratio of 15.31, a P/E/G ratio of 1.37 and a beta of 1.32. The business's 50 day moving average is $128.94 and its two-hundred day moving average is $124.33. The company has a quick ratio of 0.72, a current ratio of 0.70 and a debt-to-equity ratio of 0.58.

Northern Trust (NASDAQ:NTRS - Get Free Report) last announced its quarterly earnings data on Wednesday, October 22nd. The asset manager reported $2.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.26 by $0.03. Northern Trust had a net margin of 11.99% and a return on equity of 14.37%. The business had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $2.02 billion. During the same quarter last year, the company posted $2.22 earnings per share. Northern Trust's quarterly revenue was up 2.8% on a year-over-year basis. On average, equities analysts expect that Northern Trust will post 8.27 EPS for the current year.

Northern Trust Dividend Announcement

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The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 1st. Stockholders of record on Friday, December 5th will be paid a $0.80 dividend. The ex-dividend date is Friday, December 5th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.4%. Northern Trust's dividend payout ratio is currently 37.30%.

Insider Activity

In related news, EVP Susan Cohen Levy sold 27,591 shares of the company's stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $128.13, for a total value of $3,535,234.83. Following the sale, the executive vice president owned 48,257 shares of the company's stock, valued at $6,183,169.41. The trade was a 36.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Robert Edward Jr. Moritz purchased 3,891 shares of the company's stock in a transaction that occurred on Tuesday, November 4th. The stock was acquired at an average cost of $128.57 per share, with a total value of $500,265.87. Following the transaction, the director directly owned 6,686 shares of the company's stock, valued at approximately $859,619.02. This represents a 139.21% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.77% of the stock is owned by company insiders.

Institutional Trading of Northern Trust

Several institutional investors have recently bought and sold shares of NTRS. CIBC Bancorp USA Inc. acquired a new position in Northern Trust during the third quarter worth $3,567,000. Achmea Investment Management B.V. increased its position in shares of Northern Trust by 71.2% during the 3rd quarter. Achmea Investment Management B.V. now owns 196,904 shares of the asset manager's stock worth $26,503,000 after purchasing an additional 81,880 shares in the last quarter. Sunbelt Securities Inc. boosted its position in Northern Trust by 99.7% in the third quarter. Sunbelt Securities Inc. now owns 1,442 shares of the asset manager's stock valued at $194,000 after buying an additional 720 shares in the last quarter. Captrust Financial Advisors boosted its position in Northern Trust by 4.9% in the third quarter. Captrust Financial Advisors now owns 13,519 shares of the asset manager's stock valued at $1,820,000 after buying an additional 633 shares in the last quarter. Finally, Coldstream Capital Management Inc. grew its stake in Northern Trust by 10.8% during the third quarter. Coldstream Capital Management Inc. now owns 5,631 shares of the asset manager's stock worth $758,000 after buying an additional 551 shares during the last quarter. Institutional investors and hedge funds own 83.19% of the company's stock.

About Northern Trust

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.

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