Northern Trust Corporation (NASDAQ:NTRS) Stock Has Average Price Target of $183.93 According to Brokerages

Northern Trust Corporation (NASDAQ:NTRS) has earned a consensus rating of “Hold” from the fifteen research firms that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $183.47.

Several equities research analysts have issued reports on NTRS shares. Capital One Financial set a $190.00 price objective on Northern Trust in a report on Tuesday, October 6th. Evercore set a $183.00 target price on shares of Northern Trust in a report on Thursday, October 1st. UBS Group set a $186.00 price target on shares of Northern Trust in a research report on Friday, June 26th. Royal Bank Of Canada cut Northern Trust from an “outperform” rating to a “sector perform” rating and set a $178.00 target price on the stock. in a research report on Wednesday, July 22nd. Finally, Weiss Ratings upgraded shares of Northern Trust from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, October 8th.

Insider Buying and Selling

In other Northern Trust news, EVP Thomas A. South sold 1,800 shares of Northern Trust stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $184.90, for a total value of $332,820.00. Following the transaction, the executive vice president owned 92,917 shares in the company, valued at approximately $17,180,353.30. The trade was a 1.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Robert Moritz, Jr. bought 255 shares of the firm’s stock in a transaction that occurred on Wednesday, July 29th. The stock was bought at an average price of $179.57 per share, for a total transaction of $45,790.35. Following the completion of the acquisition, the director directly owned 8,400 shares in the company, valued at approximately $1,508,388. The trade was a 3.13% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 0.66% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. V Square Quantitative Management LLC raised its stake 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 acquiring an additional 61 shares in the last quarter. Versant Capital Management Inc lifted its position in shares of Northern Trust by 2.1% during the third quarter. Versant Capital Management Inc now owns 3,379 shares of the asset manager’s stock worth $572,000 after purchasing an additional 70 shares in the last quarter. Greenleaf Trust lifted its holdings in Northern Trust by 0.6% during the 2nd quarter. Greenleaf Trust now owns 12,575 shares of the asset manager’s stock worth $2,186,000 after buying an additional 71 shares in the last quarter. CWS Financial Advisors LLC boosted its holdings in Northern Trust by 2.0% in the first quarter. CWS Financial Advisors LLC now owns 3,997 shares of the asset manager’s stock valued at $558,000 after acquiring an additional 77 shares during the last quarter. Finally, SJS Investment Consulting Inc. boosted its stake in shares of Northern Trust by 16.5% in the 1st quarter. SJS Investment Consulting Inc. now owns 559 shares of the asset manager’s stock valued at $78,000 after purchasing an additional 79 shares during the last quarter. 83.19% of the stock is owned by institutional investors and hedge funds.

Northern Trust Stock Up 1.3%

Shares of Northern Trust stock opened at $167.92 on Wednesday. The company has a fifty day moving average price of $177.18 and a 200 day moving average price of $173.80. The company has a current ratio of 0.61, a quick ratio of 0.65 and a debt-to-equity ratio of 0.43. Northern Trust has a twelve month low of $121.53 and a twelve month high of $195.78. The stock has a market cap of $30.72 billion, a price-to-earnings ratio of 14.33, a price-to-earnings-growth ratio of 0.94 and a beta of 1.24.

Northern Trust (NASDAQ:NTRS) last posted its earnings results on Wednesday, October 21st. The asset manager reported $3.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.87 by $0.53. Northern Trust had a return on equity of 17.97% and a net margin of 15.86%. The business had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.26 billion. During the same quarter last year, the firm earned $2.29 earnings per share. The company’s revenue for the quarter was up 13.4% compared to the same quarter last year. Equities research analysts forecast that Northern Trust will post 11.72 earnings per share for the current fiscal year.

Northern Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 1st. Stockholders of record on Friday, December 4th will be given a dividend of $0.88 per share. The ex-dividend date is Friday, December 4th. This represents a $3.52 annualized dividend and a dividend yield of 2.1%. Northern Trust’s dividend payout ratio (DPR) is 30.21%.

Northern Trust Company Profile

Northern Trust Corporation (NASDAQ:NTRS) is a financial services company that provides wealth management, asset servicing, asset management and banking services. The company serves institutional investors, corporations, financial institutions, high-net-worth individuals and families.

Its offerings include custody and administration of investment assets, fund accounting, securities lending, foreign exchange, treasury services, investment management, trust and estate services, private banking and wealth planning.