Analysts Set Northern Trust Co. (NASDAQ:NTRS) Target Price at $107.17

Northern Trust Co. (NASDAQ:NTRS) has earned a consensus rating of “Hold” from the twelve analysts that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $107.17.

A number of brokerages have recently issued reports on NTRS. Truist Financial began coverage on Northern Trust in a research note on Tuesday, January 7th. They set a “hold” rating and a $110.00 target price for the company. UBS Group increased their target price on Northern Trust from $86.00 to $92.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 8th. Barclays increased their target price on Northern Trust from $115.00 to $118.00 and gave the stock an “equal weight” rating in a research note on Monday, January 6th. Wells Fargo & Company increased their target price on Northern Trust from $108.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Friday, November 15th. Finally, Morgan Stanley cut their target price on Northern Trust from $127.00 to $125.00 and set an “equal weight” rating for the company in a research note on Friday, January 3rd.

Insider Buying and Selling at Northern Trust

In other Northern Trust news, Vice Chairman Steven L. Fradkin sold 9,100 shares of the stock in a transaction on Friday, November 29th. The stock was sold at an average price of $111.00, for a total transaction of $1,010,100.00. Following the sale, the insider now owns 47,797 shares in the company, valued at approximately $5,305,467. This represents a 15.99 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Susan Cohen Levy sold 19,585 shares of the firm’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $102.26, for a total value of $2,002,762.10. Following the sale, the executive vice president now owns 17,132 shares in the company, valued at $1,751,918.32. This trade represents a 53.34 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 82,151 shares of company stock worth $8,489,889. 0.64% of the stock is owned by insiders.

Institutional Investors Weigh In On Northern Trust

Hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. boosted its holdings in shares of Northern Trust by 9.9% during the third quarter. JPMorgan Chase & Co. now owns 4,296,442 shares of the asset manager’s stock worth $386,809,000 after purchasing an additional 388,692 shares during the last quarter. Kovitz Investment Group Partners LLC boosted its holdings in shares of Northern Trust by 68.1% during the third quarter. Kovitz Investment Group Partners LLC now owns 13,765 shares of the asset manager’s stock worth $1,239,000 after purchasing an additional 5,578 shares during the last quarter. Martingale Asset Management L P boosted its holdings in shares of Northern Trust by 8.4% during the third quarter. Martingale Asset Management L P now owns 59,118 shares of the asset manager’s stock worth $5,322,000 after purchasing an additional 4,564 shares during the last quarter. Verition Fund Management LLC boosted its holdings in shares of Northern Trust by 327.1% during the third quarter. Verition Fund Management LLC now owns 28,510 shares of the asset manager’s stock worth $2,567,000 after purchasing an additional 21,835 shares during the last quarter. Finally, Magnetar Financial LLC acquired a new stake in shares of Northern Trust during the second quarter worth $3,666,000. Institutional investors and hedge funds own 83.19% of the company’s stock.

Northern Trust Stock Up 0.9 %

NTRS opened at $100.32 on Thursday. The business has a 50 day moving average price of $105.67 and a two-hundred day moving average price of $95.30. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.58. The company has a market cap of $19.89 billion, a PE ratio of 12.48, a P/E/G ratio of 1.18 and a beta of 1.08. Northern Trust has a 52 week low of $76.67 and a 52 week high of $111.87.

Northern Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 1st. Shareholders of record on Friday, December 6th were issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date of this dividend was Friday, December 6th. Northern Trust’s dividend payout ratio (DPR) is presently 37.31%.

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.