Northern Trust Co. (NASDAQ:NTRS) Receives Consensus Recommendation of “Hold” from Brokerages

Northern Trust Co. (NASDAQ:NTRS) has been given an average recommendation of “Hold” by the thirteen analysts that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $113.46.

NTRS has been the subject of several research analyst reports. StockNews.com downgraded Northern Trust from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Truist Financial lifted their price target on shares of Northern Trust from $110.00 to $116.00 and gave the stock a “hold” rating in a research note on Friday, January 24th. Citigroup lowered their price objective on shares of Northern Trust from $110.00 to $105.00 and set a “neutral” rating on the stock in a research report on Monday, March 24th. Keefe, Bruyette & Woods raised their target price on shares of Northern Trust from $113.00 to $122.00 and gave the stock a “market perform” rating in a report on Friday, January 24th. Finally, UBS Group boosted their target price on shares of Northern Trust from $110.00 to $114.00 and gave the company a “neutral” rating in a research note on Monday, January 27th.

Northern Trust Trading Down 3.4 %

NASDAQ:NTRS opened at $97.15 on Tuesday. The stock has a market cap of $19.01 billion, a price-to-earnings ratio of 9.93, a PEG ratio of 1.72 and a beta of 1.07. 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 company’s 50 day moving average price is $107.04 and its 200-day moving average price is $102.88. Northern Trust has a 52 week low of $79.32 and a 52 week high of $114.67.

Northern Trust (NASDAQ:NTRS) last issued its earnings results on Thursday, January 23rd. The asset manager reported $2.26 EPS for the quarter, beating the consensus estimate of $1.96 by $0.30. Northern Trust had a return on equity of 13.74% and a net margin of 12.77%. On average, equities research analysts forecast that Northern Trust will post 8.27 earnings per share for the current fiscal year.

Northern Trust Dividend Announcement

The business also recently declared 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. This represents a $3.00 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date is Friday, March 14th. Northern Trust’s payout ratio is 30.67%.

Insider Transactions at Northern Trust

In other Northern Trust news, COO Peter Cherecwich sold 26,132 shares of the stock in a transaction on 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 approximately $2,987,202.96. This represents a 49.57 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jason J. Tyler sold 2,237 shares of the business’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $112.67, for a total value of $252,042.79. Following the completion of the transaction, the insider now owns 58,449 shares in the company, valued at $6,585,448.83. The trade was a 3.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 35,335 shares of company stock valued at $3,970,211 over the last quarter. 0.64% of the stock is currently owned by company insiders.

Institutional Trading of Northern Trust

Several institutional investors have recently made changes to their positions in NTRS. FMR LLC boosted its stake in Northern Trust by 9.3% in the 3rd quarter. FMR LLC now owns 18,187,663 shares of the asset manager’s stock worth $1,637,435,000 after purchasing an additional 1,542,685 shares during the period. Norges Bank purchased a new position in shares of Northern Trust in the fourth quarter worth $83,550,000. KBC Group NV boosted its position in shares of Northern Trust by 201.6% during the fourth quarter. KBC Group NV now owns 963,811 shares of the asset manager’s stock worth $98,791,000 after acquiring an additional 644,261 shares during the last quarter. Royal Bank of Canada grew its stake in Northern Trust by 60.2% during the fourth quarter. Royal Bank of Canada now owns 1,497,484 shares of the asset manager’s stock valued at $153,493,000 after acquiring an additional 562,976 shares in the last quarter. Finally, Cerity Partners LLC increased its holdings in Northern Trust by 451.9% in the 4th quarter. Cerity Partners LLC now owns 555,631 shares of the asset manager’s stock valued at $56,866,000 after acquiring an additional 454,956 shares during the last quarter. Hedge funds and other 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.