Analysts Set Northern Trust Co. (NASDAQ:NTRS) Price Target at $100.67

Shares of Northern Trust Co. (NASDAQ:NTRS) have been given a consensus recommendation of “Hold” by the twelve analysts that are currently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $100.67.

Several equities analysts have commented on NTRS shares. The Goldman Sachs Group downgraded Northern Trust from a “neutral” rating to a “sell” rating and dropped their target price for the company from $84.00 to $82.00 in a research report on Thursday, September 26th. Wells Fargo & Company increased their target price on Northern Trust from $108.00 to $110.00 and gave the company an “equal weight” rating in a research report on Friday, November 15th. Bank of America increased their target price on Northern Trust from $103.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. StockNews.com upgraded Northern Trust from a “hold” rating to a “buy” rating in a research report on Tuesday, November 12th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Northern Trust from $100.00 to $108.00 and gave the company a “hold” rating in a research report on Monday, November 11th.

Northern Trust Price Performance

Northern Trust stock opened at $109.46 on Wednesday. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $21.70 billion, a PE ratio of 13.61, a P/E/G ratio of 1.21 and a beta of 1.06. Northern Trust has a 12 month low of $75.55 and a 12 month high of $109.92. The stock has a 50-day moving average price of $97.76 and a two-hundred day moving average price of $89.73.

Northern Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders of record on Friday, December 6th will be issued a $0.75 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $3.00 dividend on an annualized basis and a yield of 2.74%. Northern Trust’s payout ratio is currently 37.31%.

Insiders Place Their Bets

In other Northern Trust news, EVP Mark C. Gossett sold 6,000 shares of Northern Trust stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $88.90, for a total value of $533,400.00. Following the completion of the sale, the executive vice president now directly owns 28,707 shares in the company, valued at approximately $2,552,052.30. The trade was a 17.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Vice Chairman Steven L. Fradkin sold 27,874 shares of Northern Trust stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $100.50, for a total value of $2,801,337.00. Following the completion of the sale, the insider now owns 46,078 shares of the company’s stock, valued at approximately $4,630,839. The trade was a 37.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 80,906 shares of company stock worth $8,176,652. 0.64% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Northern Trust

A number of hedge funds have recently added to or reduced their stakes in NTRS. Olistico Wealth LLC acquired a new stake in Northern Trust in the second quarter valued at approximately $25,000. Innealta Capital LLC acquired a new stake in Northern Trust in the second quarter valued at approximately $26,000. Ridgewood Investments LLC purchased a new position in shares of Northern Trust during the second quarter valued at approximately $30,000. Versant Capital Management Inc boosted its position in shares of Northern Trust by 343.9% during the second quarter. Versant Capital Management Inc now owns 435 shares of the asset manager’s stock valued at $37,000 after buying an additional 337 shares during the last quarter. Finally, Northwest Investment Counselors LLC purchased a new position in shares of Northern Trust during the third quarter valued at approximately $39,000. Institutional investors and hedge funds 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.