Northern Trust Co. (NASDAQ:NTRS) Receives $107.07 Consensus PT from Brokerages

Northern Trust Co. (NASDAQ:NTRS) has been given a consensus rating of “Hold” by the nineteen research firms that are covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and six have given a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $107.07.

A number of brokerages recently issued reports on NTRS. Citigroup raised shares of Infosys from a “neutral” rating to a “buy” rating in a report on Friday, July 12th. Zacks Investment Research upgraded shares of HANNOVER RUECK/S from a “sell” rating to a “hold” rating in a research report on Friday, May 17th. Deutsche Bank restated a “buy” rating and set a GBX 4,000 ($52.27) price objective on shares of in a research report on Tuesday, June 18th. Bank of America set a $20.00 price objective on shares of Fiat Chrysler Automobiles and gave the stock a “hold” rating in a research report on Thursday, June 6th. Finally, ValuEngine upgraded shares of Zynerba Pharmaceuticals from a “sell” rating to a “hold” rating in a research report on Monday, April 1st.

Shares of NTRS traded up $0.83 during mid-day trading on Friday, hitting $90.72. The company’s stock had a trading volume of 12,785 shares, compared to its average volume of 1,310,238. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.35. The company has a market cap of $19.48 billion, a price-to-earnings ratio of 13.50, a price-to-earnings-growth ratio of 1.73 and a beta of 1.13. The company has a 50-day moving average price of $88.81. Northern Trust has a 52-week low of $75.96 and a 52-week high of $115.61.

Northern Trust (NASDAQ:NTRS) last issued its quarterly earnings results on Tuesday, April 23rd. The asset manager reported $1.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.46 by $0.02. Northern Trust had a net margin of 22.44% and a return on equity of 16.03%. The business had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.47 billion. During the same quarter in the prior year, the business posted $1.58 EPS. Northern Trust’s revenue for the quarter was up .3% compared to the same quarter last year. Research analysts expect that Northern Trust will post 6.54 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Friday, June 14th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.65%. The ex-dividend date was Thursday, June 13th. Northern Trust’s dividend payout ratio is presently 35.66%.

In other Northern Trust news, EVP Robert P. Browne sold 12,156 shares of the firm’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $86.88, for a total transaction of $1,056,113.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Teresa Parker sold 3,000 shares of the firm’s stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $97.50, for a total value of $292,500.00. The disclosure for this sale can be found here. 1.15% of the stock is owned by company insiders.

Several institutional investors have recently made changes to their positions in NTRS. Norges Bank bought a new position in shares of Northern Trust in the 4th quarter valued at approximately $133,737,000. American Century Companies Inc. boosted its stake in Northern Trust by 27.9% in the 1st quarter. American Century Companies Inc. now owns 5,452,010 shares of the asset manager’s stock valued at $492,916,000 after buying an additional 1,190,787 shares in the last quarter. First Trust Advisors LP boosted its stake in Northern Trust by 438.6% in the 1st quarter. First Trust Advisors LP now owns 520,929 shares of the asset manager’s stock valued at $47,097,000 after buying an additional 424,216 shares in the last quarter. FMR LLC boosted its stake in Northern Trust by 4.8% in the first quarter. FMR LLC now owns 8,605,350 shares of the asset manager’s stock worth $778,009,000 after purchasing an additional 394,338 shares in the last quarter. Finally, Deutsche Bank AG boosted its stake in Northern Trust by 33.2% in the fourth quarter. Deutsche Bank AG now owns 766,941 shares of the asset manager’s stock worth $64,102,000 after purchasing an additional 191,224 shares in the last quarter. Institutional investors and hedge funds own 78.82% 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, Corporate & Institutional Services (C&IS) and Wealth Management.

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Analyst Recommendations for Northern Trust (NASDAQ:NTRS)

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