Northern Trust Co. (NASDAQ:NTRS) Receives $105.00 Average Price Target from Analysts

Northern Trust Co. (NASDAQ:NTRS) has been given a consensus rating of “Hold” by the twelve research firms that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $105.00.

A number of equities analysts recently commented on NTRS shares. UBS Group raised their price objective on shares of Northern Trust from $86.00 to $92.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft raised their target price on Northern Trust from $100.00 to $108.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Royal Bank of Canada upped their price target on Northern Trust from $100.00 to $107.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Keefe, Bruyette & Woods raised their price objective on Northern Trust from $100.00 to $113.00 and gave the stock a “market perform” rating in a research report on Tuesday, December 3rd. Finally, Evercore ISI upped their target price on Northern Trust from $86.00 to $103.00 and gave the company an “in-line” rating in a report on Thursday, October 24th.

Northern Trust Stock Performance

Shares of NTRS opened at $104.71 on Friday. The company has a 50-day moving average of $103.88 and a two-hundred day moving average of $92.64. The stock has a market cap of $20.76 billion, a price-to-earnings ratio of 13.02, a PEG ratio of 1.18 and a beta of 1.07. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.71 and a quick ratio of 0.71. Northern Trust has a one year low of $76.67 and a one year high of $111.87.

Northern Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Friday, December 6th will be issued a dividend of $0.75 per share. The ex-dividend date is Friday, December 6th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.87%. Northern Trust’s dividend payout ratio is currently 37.31%.

Insider Buying and Selling

In other Northern Trust news, insider Teresa Parker sold 4,439 shares of the business’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $100.86, for a total value of $447,717.54. Following the completion of the sale, the insider now owns 79,326 shares of the company’s stock, valued at $8,000,820.36. The trade was a 5.30 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Vice Chairman Steven L. Fradkin sold 9,100 shares of the stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $111.00, for a total value of $1,010,100.00. Following the transaction, the insider now directly owns 47,797 shares in the company, valued at approximately $5,305,467. This represents a 15.99 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 82,151 shares of company stock worth $8,489,889. Corporate insiders own 0.64% of the company’s stock.

Institutional Trading of Northern Trust

A number of institutional investors and hedge funds have recently modified their holdings of NTRS. Innealta Capital LLC bought a new stake in Northern Trust during the 2nd quarter valued at approximately $26,000. Ridgewood Investments LLC bought a new stake in shares of Northern Trust in the second quarter valued at approximately $30,000. Northwest Investment Counselors LLC bought a new stake in shares of Northern Trust in the third quarter valued at approximately $39,000. Capital Performance Advisors LLP acquired a new stake in shares of Northern Trust in the third quarter worth $48,000. Finally, Eastern Bank bought a new position in Northern Trust during the third quarter worth $51,000. 83.19% of the stock is currently owned by institutional investors and hedge funds.

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.