Analysts’ Recent Ratings Updates for Northern Trust (NTRS)

Northern Trust (NASDAQ: NTRS) recently received a number of ratings updates from brokerages and research firms:

  • 1/11/2019 – Northern Trust was downgraded by analysts at Bank of America Corp from a “buy” rating to a “neutral” rating. They now have a $84.89 price target on the stock.
  • 1/8/2019 – Northern Trust had its price target lowered by analysts at Morgan Stanley from $109.00 to $96.00. They now have an “underweight” rating on the stock.
  • 1/8/2019 – Northern Trust was downgraded by analysts at Wolfe Research from a “market perform” rating to an “underperform” rating.
  • 1/8/2019 – Northern Trust was downgraded by analysts at Jefferies Financial Group Inc from a “buy” rating to a “hold” rating.
  • 1/2/2019 – Northern Trust had its price target lowered by analysts at Barclays PLC from $119.00 to $109.00. They now have an “equal weight” rating on the stock.
  • 12/31/2018 – Northern Trust was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Shares of Northern Trust have underperformed the industry in the past six months. Yet, the company has an impressive earnings surprise history. It surpassed the Zacks Consensus Estimate for earnings in three of the trailing four quarters. Northern Trust continues to benefit from its strong wealth management operations, along with diversified products. Also, the Fed’s interest rate hikes are expected to further ease margin pressure and support its top line. However, despite undertaking cost-saving measures, mounting expenses continue to hurt the company's financials. Moreover, elevated non-performing assets remain concerns.”
  • 12/19/2018 – Northern Trust was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Shares of Northern Trust have underperformed the industry in the last six months. Yet, the company has an impressive earnings surprise history. It surpassed the Zacks Consensus Estimate for earnings in three of the trailing four quarters. Northern Trust continues to benefit from its strong wealth management operations, along with diversified products. Also, the Fed’s interest rate hikes are expected to further ease margin pressure and support its top line. However, despite undertaking cost-saving measures, mounting expenses continue to hurt the company's financials. Moreover, elevated non-performing assets remain concerns.”
  • 12/11/2018 – Northern Trust was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 12/7/2018 – Northern Trust had its price target lowered by analysts at Credit Suisse Group AG from $110.00 to $105.00. They now have a “neutral” rating on the stock.
  • 11/16/2018 – Northern Trust had its price target lowered by analysts at Deutsche Bank AG from $108.00 to $107.00. They now have a “buy” rating on the stock.

Shares of NASDAQ NTRS opened at $85.65 on Monday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $18.84 billion, a price-to-earnings ratio of 17.73, a price-to-earnings-growth ratio of 1.07 and a beta of 1.08. Northern Trust Co. has a 12 month low of $75.96 and a 12 month high of $115.61.

Northern Trust (NASDAQ:NTRS) last issued its quarterly earnings results on Wednesday, October 17th. The asset manager reported $1.58 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.61 by ($0.03). The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.52 billion. Northern Trust had a return on equity of 15.75% and a net margin of 23.28%. The business’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.20 earnings per share. On average, research analysts forecast that Northern Trust Co. will post 6.55 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 1st. Shareholders of record on Friday, December 14th were given a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 2.57%. The ex-dividend date of this dividend was Thursday, December 13th. Northern Trust’s dividend payout ratio is currently 45.55%.

Several large investors have recently made changes to their positions in NTRS. Rehmann Capital Advisory Group grew its holdings in shares of Northern Trust by 161.3% during the 3rd quarter. Rehmann Capital Advisory Group now owns 473 shares of the asset manager’s stock worth $48,000 after purchasing an additional 292 shares in the last quarter. BlueMountain Capital Management LLC grew its holdings in shares of Northern Trust by 438.2% during the 3rd quarter. BlueMountain Capital Management LLC now owns 1,071 shares of the asset manager’s stock worth $109,000 after purchasing an additional 872 shares in the last quarter. Trust Department MB Financial Bank N A grew its holdings in shares of Northern Trust by 20.9% during the 4th quarter. Trust Department MB Financial Bank N A now owns 1,417 shares of the asset manager’s stock worth $118,000 after purchasing an additional 245 shares in the last quarter. TLP Group LLC grew its holdings in shares of Northern Trust by 282.8% during the 3rd quarter. TLP Group LLC now owns 1,382 shares of the asset manager’s stock worth $141,000 after purchasing an additional 1,021 shares in the last quarter. Finally, Sageworth Trust Co grew its holdings in shares of Northern Trust by 296.3% during the 3rd quarter. Sageworth Trust Co now owns 1,407 shares of the asset manager’s stock worth $144,000 after purchasing an additional 1,052 shares in the last quarter. 79.11% of the stock is currently owned by institutional investors.

Northern Trust Corporation, a financial holding company, provides asset servicing, fund administration, asset management, fiduciary, and banking solutions for corporations, institutions, families, and individuals worldwide. It operates through Corporate & Institutional Services (C&IS) and Wealth Management segments.

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