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

Northern Trust Corporation (NASDAQ:NTRS - Get Free Report) has been assigned an average recommendation of "Hold" from the fourteen analysts that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $163.5455.

A number of equities research analysts have commented on the stock. Truist Financial increased their price objective on shares of Northern Trust from $155.00 to $176.00 and gave the company a "hold" rating in a research report on Wednesday, April 22nd. Barclays boosted their target price on shares of Northern Trust from $160.00 to $176.00 and gave the stock an "equal weight" rating in a research note on Wednesday, April 22nd. Weiss Ratings reiterated a "buy (b-)" rating on shares of Northern Trust in a research note on Thursday, January 22nd. TD Cowen boosted their target price on shares of Northern Trust from $165.00 to $175.00 and gave the stock a "buy" rating in a research note on Monday, January 26th. Finally, Morgan Stanley boosted their target price on shares of Northern Trust from $131.00 to $140.00 and gave the stock an "underweight" rating in a research note on Friday, January 23rd.

Northern Trust Price Performance

Northern Trust stock opened at $166.90 on Wednesday. The firm has a market cap of $30.93 billion, a PE ratio of 17.48, a price-to-earnings-growth ratio of 1.21 and a beta of 1.23. Northern Trust has a 52-week low of $91.74 and a 52-week high of $173.18. The company has a quick ratio of 0.69, a current ratio of 0.62 and a debt-to-equity ratio of 0.51. The company's 50 day moving average is $146.47 and its two-hundred day moving average is $140.49.

Northern Trust (NASDAQ:NTRS - Get Free Report) last released its earnings results on Tuesday, April 21st. The asset manager reported $2.71 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.37 by $0.34. The company had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.13 billion. Northern Trust had a net margin of 12.84% and a return on equity of 15.94%. The firm's quarterly revenue was up 13.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.90 EPS. On average, research analysts expect that Northern Trust will post 10.58 EPS for the current fiscal year.

Northern Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Friday, June 5th will be paid a dividend of $0.80 per share. The ex-dividend date is Friday, June 5th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.9%. Northern Trust's payout ratio is presently 33.51%.

Insider Activity

In other news, Director Robert Edward Jr. Moritz bought 245 shares of the stock in a transaction that occurred on Monday, February 2nd. The stock was purchased at an average price of $151.85 per share, for a total transaction of $37,203.25. Following the completion of the purchase, the director owned 6,931 shares in the company, valued at approximately $1,052,472.35. This trade represents a 3.66% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Guy Gibson sold 3,009 shares of the business's stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $142.39, for a total transaction of $428,451.51. Following the transaction, the insider owned 29,332 shares of the company's stock, valued at approximately $4,176,583.48. The trade was a 9.30% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 12,705 shares of company stock valued at $1,888,270. Insiders own 0.66% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of NTRS. Triumph Capital Management purchased a new position in shares of Northern Trust in the 3rd quarter valued at $25,000. Reflection Asset Management purchased a new position in shares of Northern Trust in the 4th quarter valued at $25,000. Board of the Pension Protection Fund purchased a new position in shares of Northern Trust in the 4th quarter valued at $27,000. Elyxium Wealth LLC purchased a new position in shares of Northern Trust in the 4th quarter valued at $34,000. Finally, International Assets Investment Management LLC purchased a new position in shares of Northern Trust in the 4th quarter valued at $35,000. 83.19% of the stock is owned by hedge funds and other institutional investors.

About Northern Trust

Northern Trust Corporation NASDAQ: NTRS is a global financial services firm headquartered in Chicago that provides asset servicing, asset management and wealth management solutions to institutions, corporations and high-net-worth individuals. The company's core businesses include custody and fund administration, investment operations outsourcing, trust and fiduciary services, private banking, and retirement and defined contribution plan services.

Northern Trust's product and service offerings span custody and fund accounting, portfolio and performance analytics, securities lending, cash management and foreign exchange, as well as discretionary and non-discretionary investment management.

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