S&P 500   3,841.47
DOW   30,996.98
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S&P 500   3,841.47
DOW   30,996.98
QQQ   325.42
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S&P 500   3,841.47
DOW   30,996.98
QQQ   325.42
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S&P 500   3,841.47
DOW   30,996.98
QQQ   325.42
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Northern Trust Co. (NASDAQ:NTRS) Given Consensus Rating of "Hold" by Brokerages

Last updated on Wednesday, January 20, 2021 | 2021 MarketBeat

Northern Trust Co. (NASDAQ:NTRS) has earned an average recommendation of "Hold" from the twenty analysts that are currently covering the stock, MarketBeat.com reports. Six research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $97.17.

Several equities research analysts have recently weighed in on NTRS shares. Barclays increased their price target on Northern Trust from $92.00 to $105.00 and gave the company an "equal weight" rating in a research note on Monday, January 4th. Piper Sandler raised their target price on Northern Trust from $100.00 to $115.00 and gave the stock an "overweight" rating in a research note on Monday, January 11th. Deutsche Bank Aktiengesellschaft raised Northern Trust from a "hold" rating to a "buy" rating and raised their target price for the stock from $99.00 to $112.00 in a research note on Friday, December 18th. Bank of America cut Northern Trust from a "neutral" rating to an "underperform" rating and raised their target price for the stock from $95.00 to $97.00 in a research note on Tuesday, January 12th. Finally, The Goldman Sachs Group cut Northern Trust from a "neutral" rating to a "sell" rating and decreased their target price for the stock from $90.00 to $85.00 in a research note on Tuesday, January 5th.

Shares of NTRS stock traded down $2.56 on Wednesday, hitting $94.80. The company had a trading volume of 1,751,088 shares, compared to its average volume of 921,787. The firm has a market cap of $19.73 billion, a P/E ratio of 15.72 and a beta of 1.12. The stock's 50-day moving average is $93.79 and its two-hundred day moving average is $85.58. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.64 and a current ratio of 0.64. Northern Trust has a twelve month low of $60.67 and a twelve month high of $109.88.

Northern Trust (NASDAQ:NTRS) last issued its quarterly earnings results on Wednesday, October 21st. The asset manager reported $1.32 earnings per share for the quarter, missing the consensus estimate of $1.38 by ($0.06). The company had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.48 billion. Northern Trust had a net margin of 20.72% and a return on equity of 13.07%. The company's quarterly revenue was down 3.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.69 EPS. Equities research analysts predict that Northern Trust will post 5.99 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 1st. Shareholders of record on Friday, March 12th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 2.95%. Northern Trust's payout ratio is currently 42.23%.

In other news, insider Steven L. Fradkin sold 7,117 shares of the firm's stock in a transaction that occurred on Tuesday, November 3rd. The stock was sold at an average price of $82.88, for a total value of $589,856.96. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Clair Joyce St sold 29,154 shares of the firm's stock in a transaction that occurred on Wednesday, November 11th. The shares were sold at an average price of $90.05, for a total value of $2,625,317.70. The disclosure for this sale can be found here. In the last quarter, insiders sold 66,346 shares of company stock worth $6,100,497. Corporate insiders own 0.72% of the company's stock.

Several hedge funds have recently bought and sold shares of the company. Massachusetts Financial Services Co. MA lifted its holdings in shares of Northern Trust by 9.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,412,956 shares of the asset manager's stock valued at $188,138,000 after purchasing an additional 203,746 shares in the last quarter. Champlain Investment Partners LLC lifted its holdings in shares of Northern Trust by 0.7% in the third quarter. Champlain Investment Partners LLC now owns 1,940,740 shares of the asset manager's stock valued at $151,319,000 after purchasing an additional 13,685 shares in the last quarter. UBS Asset Management Americas Inc. lifted its holdings in shares of Northern Trust by 1.0% in the third quarter. UBS Asset Management Americas Inc. now owns 1,143,702 shares of the asset manager's stock valued at $89,174,000 after purchasing an additional 11,659 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in Northern Trust by 6.0% during the third quarter. Victory Capital Management Inc. now owns 908,244 shares of the asset manager's stock worth $70,816,000 after acquiring an additional 51,065 shares during the period. Finally, Cerity Partners LLC lifted its holdings in Northern Trust by 0.7% during the third quarter. Cerity Partners LLC now owns 807,732 shares of the asset manager's stock worth $62,979,000 after acquiring an additional 5,278 shares during the period. Institutional investors own 78.82% of the company's stock.

About Northern Trust

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)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]


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