Northern Trust Corporation (NTRS) - What Are Brokerages Saying About This Stock?

Key Points

• Analyst consensus is “Hold” for Northern Trust, with 10 hold, three buy and two sell ratings. The average 12-month price target is $183.93, above the cited share price of $165.44.
• Northern Trust’s latest quarterly results exceeded expectations, with EPS of $4.23 versus the $2.71 consensus estimate and revenue of $2.71 billion. Revenue increased 35.1% year over year, while analysts expect full-year EPS of $11.65.
• Institutional ownership remains high at 83.19%, while insider ownership is 0.66%; recent insider activity included a director purchase and an executive vice president’s stock sale.

Northern Trust Corporation (NASDAQ:NTRS - Get Free Report) has received an average recommendation of "Hold" from the fifteen brokerages that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $183.93.

A number of equities analysts recently issued reports on NTRS shares. TD Cowen began coverage on Northern Trust in a report on Thursday, October 8th. They issued a "hold" rating and a $175.00 price target for the company. BMO Capital Markets cut their price objective on shares of Northern Trust from $208.00 to $190.00 and set an "outperform" rating on the stock in a report on Tuesday, October 6th. Keefe, Bruyette & Woods raised their price objective on shares of Northern Trust from $157.00 to $175.00 and gave the stock an "underperform" rating in a report on Thursday, July 9th. Citigroup boosted their price objective on shares of Northern Trust from $182.00 to $186.00 and gave the stock a "neutral" rating in a research report on Monday, October 5th. Finally, UBS Group set a $186.00 target price on shares of Northern Trust in a report on Friday, June 26th.

Northern Trust Trading Up 0.6%

NASDAQ:NTRS opened at $165.44 on Wednesday. Northern Trust has a 1 year low of $121.53 and a 1 year high of $195.78. The stock has a market cap of $30.27 billion, a P/E ratio of 14.20, a P/E/G ratio of 0.93 and a beta of 1.24. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.65 and a current ratio of 0.65. The stock has a 50-day simple moving average of $178.63 and a 200-day simple moving average of $173.50.

Northern Trust (NASDAQ:NTRS - Get Free Report) last issued its earnings results on Wednesday, July 22nd. The asset manager reported $4.23 earnings per share for the quarter, topping the consensus estimate of $2.71 by $1.52. The business had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.69 billion. Northern Trust had a return on equity of 16.91% and a net margin of 14.76%. The business's quarterly revenue was up 35.1% on a year-over-year basis. During the same quarter last year, the company earned $2.13 EPS. As a group, analysts anticipate that Northern Trust will post 11.65 earnings per share for the current fiscal year.

Insider Buying and Selling at Northern Trust

In related news, Director Robert Moritz, Jr. acquired 255 shares of the firm's stock in a transaction on Wednesday, July 29th. The stock was bought at an average price of $179.57 per share, for a total transaction of $45,790.35. Following the completion of the purchase, the director directly owned 8,400 shares of the company's stock, valued at approximately $1,508,388. The trade was a 3.13% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Thomas South sold 1,800 shares of the company's stock in a transaction on Monday, August 24th. The shares were sold at an average price of $184.90, for a total transaction of $332,820.00. Following the completion of the transaction, the executive vice president owned 92,917 shares of the company's stock, valued at $17,180,353.30. This represents a 1.90% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.66% of the stock is owned by company insiders.

Hedge Funds Weigh In On Northern Trust

Several hedge funds have recently made changes to their positions in the company. Continuum Advisory LLC purchased a new position in Northern Trust during the 2nd quarter worth $26,000. NBH Bank acquired a new position in Northern Trust in the second quarter valued at $30,000. Keating Financial Advisory Services Inc. purchased a new position in shares of Northern Trust during the second quarter worth about $31,000. Reflection Asset Management purchased a new position in shares of Northern Trust during the fourth quarter worth about $25,000. Finally, Basecamp Wealth Advisors LLC grew its holdings in shares of Northern Trust by 99.0% during the first quarter. Basecamp Wealth Advisors LLC now owns 203 shares of the asset manager's stock worth $28,000 after buying an additional 101 shares during the last quarter. Hedge funds and other institutional investors own 83.19% of the company's stock.

About Northern Trust

Northern Trust Corporation NASDAQ: NTRS is a financial services company that provides wealth management, asset servicing, asset management and banking services. The company serves institutional investors, corporations, financial institutions, high-net-worth individuals and families.

Its offerings include custody and administration of investment assets, fund accounting, securities lending, foreign exchange, treasury services, investment management, trust and estate services, private banking and wealth planning.

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