Northern Trust (NTRS) Receives Consensus Rating of “Hold” from Analysts

Northern Trust (NASDAQ:NTRS) has received an average recommendation of “Hold” from the seventeen analysts that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $110.80.

A number of research firms have issued reports on NTRS. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $110.00 target price on shares of Northern Trust in a research report on Wednesday, April 18th. Vining Sparks reiterated a “buy” rating and issued a $118.00 target price on shares of Northern Trust in a research report on Wednesday, January 24th. Morgan Stanley boosted their price target on Northern Trust from $104.00 to $110.00 and gave the stock an “underweight” rating in a report on Friday, February 2nd. Sandler O’Neill restated a “hold” rating on shares of Northern Trust in a report on Thursday, January 25th. Finally, Zacks Investment Research upgraded Northern Trust from a “hold” rating to a “strong-buy” rating and set a $122.00 price target on the stock in a report on Friday, April 20th.

In related news, Vice Chairman William L. Morrison sold 46,053 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $109.18, for a total value of $5,028,066.54. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Jana R. Schreuder sold 2,627 shares of the company’s stock in a transaction that occurred on Tuesday, April 24th. The shares were sold at an average price of $108.08, for a total value of $283,926.16. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 118,281 shares of company stock worth $12,768,827. Company insiders own 1.04% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. BlackRock Inc. boosted its holdings in Northern Trust by 0.6% in the first quarter. BlackRock Inc. now owns 13,646,227 shares of the asset manager’s stock valued at $1,407,333,000 after acquiring an additional 78,044 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Northern Trust by 4.0% in the fourth quarter. Geode Capital Management LLC now owns 2,436,308 shares of the asset manager’s stock valued at $242,889,000 after acquiring an additional 93,566 shares during the last quarter. Burgundy Asset Management Ltd. boosted its holdings in Northern Trust by 0.3% in the fourth quarter. Burgundy Asset Management Ltd. now owns 2,393,055 shares of the asset manager’s stock valued at $239,042,000 after acquiring an additional 6,255 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in Northern Trust by 2.5% in the first quarter. Wells Fargo & Company MN now owns 2,158,254 shares of the asset manager’s stock valued at $222,582,000 after acquiring an additional 52,169 shares during the last quarter. Finally, Champlain Investment Partners LLC boosted its holdings in Northern Trust by 2.0% in the first quarter. Champlain Investment Partners LLC now owns 1,339,505 shares of the asset manager’s stock valued at $138,143,000 after acquiring an additional 26,015 shares during the last quarter. Institutional investors and hedge funds own 79.78% of the company’s stock.

Northern Trust stock opened at $107.82 on Monday. Northern Trust has a 12-month low of $85.69 and a 12-month high of $110.81. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $24.45 billion, a price-to-earnings ratio of 22.32, a price-to-earnings-growth ratio of 1.43 and a beta of 0.95.

Northern Trust (NASDAQ:NTRS) last released its earnings results on Tuesday, April 17th. The asset manager reported $1.58 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.42 by $0.16. Northern Trust had a return on equity of 13.88% and a net margin of 21.84%. The firm had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.45 billion. During the same quarter in the previous year, the business posted $1.09 earnings per share. The business’s revenue for the quarter was up 14.8% on a year-over-year basis. equities analysts anticipate that Northern Trust will post 6.5 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Sunday, July 1st. Stockholders of record on Friday, June 8th will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend is Thursday, June 7th. Northern Trust’s dividend payout ratio (DPR) is currently 34.78%.

About Northern Trust

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.

Analyst Recommendations for Northern Trust (NASDAQ:NTRS)

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