Northern Trust Co. (NASDAQ:NTRS) Given Average Rating of “Hold” by Brokerages

Shares of Northern Trust Co. (NASDAQ:NTRS) have received a consensus recommendation of “Hold” from the ten brokerages that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $84.92.

Several research firms recently commented on NTRS. Morgan Stanley reissued an “underweight” rating and issued a $86.00 price objective (up from $82.00) on shares of Northern Trust in a research note on Tuesday, January 30th. Bank of America raised their price target on shares of Northern Trust from $93.00 to $101.00 and gave the stock a “buy” rating in a research note on Wednesday, April 17th. TheStreet raised shares of Northern Trust from a “c+” rating to a “b-” rating in a research note on Friday, January 12th. Jefferies Financial Group raised their target price on shares of Northern Trust from $101.00 to $103.00 and gave the stock a “buy” rating in a research note on Thursday, April 18th. Finally, Evercore ISI upped their price target on Northern Trust from $86.00 to $87.00 and gave the company an “in-line” rating in a research report on Thursday, April 4th.

Northern Trust Price Performance

NASDAQ:NTRS opened at $85.62 on Friday. The stock has a 50 day moving average of $84.12 and a two-hundred day moving average of $80.50. Northern Trust has a 12 month low of $62.44 and a 12 month high of $89.25. The firm has a market cap of $17.52 billion, a P/E ratio of 18.90, a price-to-earnings-growth ratio of 1.21 and a beta of 1.13. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.61.

Northern Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 7th will be issued a $0.75 dividend. The ex-dividend date is Friday, June 7th. This represents a $3.00 annualized dividend and a yield of 3.50%. Northern Trust’s dividend payout ratio (DPR) is currently 66.23%.

Insider Buying and Selling at Northern Trust

In other Northern Trust news, insider Steven L. Fradkin sold 4,097 shares of Northern Trust stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $82.56, for a total transaction of $338,248.32. Following the completion of the sale, the insider now directly owns 46,078 shares in the company, valued at $3,804,199.68. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, insider Steven L. Fradkin sold 30,392 shares of the stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $80.11, for a total transaction of $2,434,703.12. Following the transaction, the insider now owns 55,707 shares of the company’s stock, valued at approximately $4,462,687.77. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Steven L. Fradkin sold 4,097 shares of Northern Trust stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $82.56, for a total value of $338,248.32. Following the completion of the transaction, the insider now directly owns 46,078 shares of the company’s stock, valued at $3,804,199.68. The disclosure for this sale can be found here. 0.64% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Ballast Inc. lifted its holdings in Northern Trust by 1.1% during the 4th quarter. Ballast Inc. now owns 12,208 shares of the asset manager’s stock worth $1,030,000 after buying an additional 136 shares in the last quarter. Mather Group LLC. boosted its holdings in Northern Trust by 3.6% in the fourth quarter. Mather Group LLC. now owns 4,271 shares of the asset manager’s stock valued at $360,000 after purchasing an additional 147 shares during the period. Aviance Capital Partners LLC grew its stake in Northern Trust by 1.8% during the 4th quarter. Aviance Capital Partners LLC now owns 8,585 shares of the asset manager’s stock worth $724,000 after purchasing an additional 150 shares in the last quarter. Diversified Trust Co increased its holdings in Northern Trust by 1.9% during the 4th quarter. Diversified Trust Co now owns 8,531 shares of the asset manager’s stock worth $720,000 after purchasing an additional 156 shares during the period. Finally, Quent Capital LLC raised its position in Northern Trust by 77.8% in the 4th quarter. Quent Capital LLC now owns 361 shares of the asset manager’s stock valued at $30,000 after purchasing an additional 158 shares in 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.