Northern Trust Co. (NTRS) Given Average Recommendation of “Hold” by Analysts

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Shares of Northern Trust Co. (NASDAQ:NTRS) have been assigned an average recommendation of “Hold” from the twenty ratings firms that are covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $110.25.

Several equities analysts have recently commented on the stock. Deutsche Bank increased their price target on shares of Northern Trust from $100.00 to $108.00 and gave the stock a “buy” rating in a research report on Friday. BidaskClub raised shares of Northern Trust from a “sell” rating to a “hold” rating in a research report on Friday. Credit Suisse Group reaffirmed a “hold” rating and set a $101.00 price target on shares of Northern Trust in a research report on Tuesday, February 19th. ValuEngine cut shares of Northern Trust from a “hold” rating to a “sell” rating in a research report on Monday, February 25th. Finally, Buckingham Research raised shares of Northern Trust from a “neutral” rating to a “buy” rating and increased their price target for the stock from $104.00 to $115.00 in a research report on Thursday.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. HC Financial Advisors Inc. lifted its holdings in Northern Trust by 3.5% in the 3rd quarter. HC Financial Advisors Inc. now owns 31,287 shares of the asset manager’s stock worth $3,195,000 after purchasing an additional 1,046 shares in the last quarter. First Trust Advisors LP lifted its holdings in Northern Trust by 10.0% in the 3rd quarter. First Trust Advisors LP now owns 94,847 shares of the asset manager’s stock worth $9,687,000 after purchasing an additional 8,589 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in Northern Trust by 618.3% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 167,196 shares of the asset manager’s stock worth $17,096,000 after purchasing an additional 143,918 shares in the last quarter. US Bancorp DE lifted its holdings in Northern Trust by 3.1% in the 3rd quarter. US Bancorp DE now owns 53,634 shares of the asset manager’s stock worth $5,477,000 after purchasing an additional 1,631 shares in the last quarter. Finally, Chicago Equity Partners LLC lifted its holdings in Northern Trust by 28.8% in the 3rd quarter. Chicago Equity Partners LLC now owns 8,180 shares of the asset manager’s stock worth $835,000 after purchasing an additional 1,830 shares in the last quarter. 77.28% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Northern Trust stock traded up $0.43 during trading hours on Friday, hitting $94.92. 2,082,347 shares of the company’s stock traded hands, compared to its average volume of 1,280,447. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.64 and a quick ratio of 0.64. The company has a market capitalization of $20.74 billion, a PE ratio of 14.10, a P/E/G ratio of 1.27 and a beta of 1.07. Northern Trust has a twelve month low of $75.96 and a twelve month high of $115.61.

Northern Trust (NASDAQ:NTRS) last issued its quarterly earnings results on Wednesday, January 23rd. The asset manager reported $1.82 EPS for the quarter, topping the consensus estimate of $1.63 by $0.19. Northern Trust had a net margin of 23.37% and a return on equity of 16.62%. The business had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter last year, the company posted $1.51 earnings per share. The company’s quarterly revenue was up 5.3% compared to the same quarter last year. On average, equities analysts expect that Northern Trust will post 6.6 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Friday, March 8th will be issued a $0.60 dividend. The ex-dividend date is Thursday, March 7th. This represents a $2.40 dividend on an annualized basis and a yield of 2.53%. This is a boost from Northern Trust’s previous quarterly dividend of $0.55. Northern Trust’s dividend payout ratio (DPR) is currently 35.66%.

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.

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Analyst Recommendations for Northern Trust (NASDAQ:NTRS)

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