Northern Trust Corporation (NASDAQ:NTRS) Given Consensus Rating of “Hold” by Brokerages

Northern Trust Corporation (NASDAQ:NTRS) has been assigned an average rating of “Hold” from the fifteen research firms that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $164.0833.

A number of research analysts recently issued reports on NTRS shares. Weiss Ratings raised Northern Trust from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. Royal Bank Of Canada lifted their price objective on Northern Trust from $159.00 to $178.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 22nd. Citigroup initiated coverage on Northern Trust in a research report on Monday, February 23rd. They issued a “neutral” rating for the company. The Goldman Sachs Group lifted their price objective on Northern Trust from $151.00 to $169.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 22nd. Finally, Truist Financial lifted their price objective on Northern Trust from $155.00 to $176.00 and gave the stock a “hold” rating in a research report on Wednesday, April 22nd.

Insider Buying and Selling

In related news, insider Clive Bellows sold 2,800 shares of Northern Trust stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $165.02, for a total value of $462,056.00. Following the completion of the sale, the insider directly owned 28,217 shares in the company, valued at $4,656,369.34. This trade represents a 9.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO David W. Fox, Jr. sold 19,987 shares of Northern Trust stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $166.16, for a total value of $3,321,039.92. Following the completion of the sale, the chief financial officer owned 18,588 shares of the company’s stock, valued at approximately $3,088,582.08. The trade was a 51.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 22,800 shares of company stock worth $3,785,251 over the last three months. 0.66% of the stock is currently owned by company insiders.

Institutional Trading of Northern Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NTRS. V Square Quantitative Management LLC boosted its holdings in Northern Trust by 1.3% during the first quarter. V Square Quantitative Management LLC now owns 4,793 shares of the asset manager’s stock worth $669,000 after buying an additional 61 shares during the last quarter. CWS Financial Advisors LLC boosted its holdings in Northern Trust by 2.0% during the first quarter. CWS Financial Advisors LLC now owns 3,997 shares of the asset manager’s stock worth $558,000 after buying an additional 77 shares during the last quarter. New Age Alpha Advisors LLC boosted its holdings in Northern Trust by 4.9% during the third quarter. New Age Alpha Advisors LLC now owns 1,659 shares of the asset manager’s stock worth $223,000 after buying an additional 78 shares during the last quarter. SJS Investment Consulting Inc. boosted its holdings in Northern Trust by 16.5% during the first quarter. SJS Investment Consulting Inc. now owns 559 shares of the asset manager’s stock worth $78,000 after buying an additional 79 shares during the last quarter. Finally, Compound Planning Inc. boosted its holdings in Northern Trust by 4.7% during the first quarter. Compound Planning Inc. now owns 1,770 shares of the asset manager’s stock worth $247,000 after buying an additional 79 shares during the last quarter. 83.19% of the stock is currently owned by institutional investors and hedge funds.

Northern Trust Stock Performance

Northern Trust stock opened at $175.56 on Thursday. The stock has a 50-day simple moving average of $166.03 and a 200 day simple moving average of $150.82. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.51. Northern Trust has a 12-month low of $117.71 and a 12-month high of $176.99. The stock has a market capitalization of $32.49 billion, a price-to-earnings ratio of 18.38, a P/E/G ratio of 1.23 and a beta of 1.25.

Northern Trust (NASDAQ:NTRS) last released its quarterly earnings results on Tuesday, April 21st. The asset manager reported $2.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.37 by $0.34. Northern Trust had a return on equity of 15.94% and a net margin of 12.84%.The business had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.13 billion. During the same period in the previous year, the business posted $1.90 earnings per share. The firm’s revenue for the quarter was up 13.8% compared to the same quarter last year. On average, research analysts anticipate that Northern Trust will post 10.68 earnings per share for the current fiscal year.

Northern Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Friday, June 5th will be given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Friday, June 5th. Northern Trust’s dividend payout ratio (DPR) is presently 33.51%.

Northern Trust Company Profile

Northern Trust Corporation (NASDAQ: NTRS) is a global financial services firm headquartered in Chicago that provides asset servicing, asset management and wealth management solutions to institutions, corporations and high-net-worth individuals. The company’s core businesses include custody and fund administration, investment operations outsourcing, trust and fiduciary services, private banking, and retirement and defined contribution plan services.

Northern Trust’s product and service offerings span custody and fund accounting, portfolio and performance analytics, securities lending, cash management and foreign exchange, as well as discretionary and non-discretionary investment management.