Northern Trust Corporation (NASDAQ:NTRS) Receives Average Recommendation of "Hold" from Brokerages

Shares of Northern Trust Corporation (NASDAQ:NTRS - Get Free Report) have been given an average recommendation of "Hold" by the twelve brokerages that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $114.67.

Several research analysts have recently weighed in on the stock. Morgan Stanley boosted their price objective on shares of Northern Trust from $103.00 to $106.00 and gave the stock an "underweight" rating in a research note on Tuesday. Citigroup lowered their price target on Northern Trust from $110.00 to $105.00 and set a "neutral" rating on the stock in a research report on Monday, March 24th. Truist Financial raised their price objective on Northern Trust from $116.00 to $126.00 and gave the company a "hold" rating in a research report on Thursday. Royal Bank Of Canada set a $123.00 target price on Northern Trust and gave the stock an "outperform" rating in a report on Monday. Finally, Wells Fargo & Company cut their price target on Northern Trust from $118.00 to $111.00 and set an "equal weight" rating for the company in a report on Wednesday, April 23rd.

Insiders Place Their Bets

In other Northern Trust news, EVP Clive Bellows sold 3,300 shares of the firm's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $99.95, for a total value of $329,835.00. Following the transaction, the executive vice president directly owned 28,736 shares of the company's stock, valued at $2,872,163.20. This trade represents a 10.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Teresa Parker sold 6,467 shares of Northern Trust stock in a transaction on Friday, May 9th. The shares were sold at an average price of $100.62, for a total value of $650,709.54. Following the completion of the transaction, the insider owned 79,391 shares in the company, valued at approximately $7,988,322.42. The trade was a 7.53% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,772 shares of company stock worth $981,069. Corporate insiders own 0.77% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Colonial Trust Co SC grew its holdings in shares of Northern Trust by 6,400.0% during the 4th quarter. Colonial Trust Co SC now owns 260 shares of the asset manager's stock valued at $27,000 after purchasing an additional 256 shares during the last quarter. Continuum Advisory LLC grew its stake in shares of Northern Trust by 5,340.0% in the first quarter. Continuum Advisory LLC now owns 272 shares of the asset manager's stock worth $27,000 after purchasing an additional 267 shares during the last quarter. Zions Bancorporation National Association UT acquired a new stake in Northern Trust in the first quarter valued at $29,000. Harbor Investment Advisory LLC raised its position in Northern Trust by 68.4% during the 2nd quarter. Harbor Investment Advisory LLC now owns 320 shares of the asset manager's stock worth $41,000 after purchasing an additional 130 shares during the last quarter. Finally, Wayfinding Financial LLC acquired a new position in Northern Trust during the 1st quarter worth about $35,000. Institutional investors own 83.19% of the company's stock.

Northern Trust Stock Down 0.3%

Shares of NASDAQ NTRS traded down $0.36 during mid-day trading on Thursday, hitting $131.71. The company had a trading volume of 1,442,540 shares, compared to its average volume of 1,428,045. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.57. The firm has a 50-day simple moving average of $107.63 and a two-hundred day simple moving average of $104.20. The company has a market capitalization of $25.62 billion, a PE ratio of 12.29, a price-to-earnings-growth ratio of 1.92 and a beta of 1.26. Northern Trust has a one year low of $80.81 and a one year high of $133.40.

Northern Trust (NASDAQ:NTRS - Get Free Report) last released its earnings results on Tuesday, April 22nd. The asset manager reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.85 by $0.05. The business had revenue of $1.95 billion during the quarter, compared to analysts' expectations of $1.95 billion. Northern Trust had a net margin of 13.93% and a return on equity of 13.73%. On average, equities analysts expect that Northern Trust will post 8.27 EPS for the current year.

Northern Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Friday, June 6th were paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 2.28%. The ex-dividend date was Friday, June 6th. Northern Trust's dividend payout ratio (DPR) is currently 27.99%.

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, 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.