Northern Trust Co. (NASDAQ:NTRS) Given Average Recommendation of “Hold” by Brokerages

Shares of Northern Trust Co. (NASDAQ:NTRS) have been given a consensus rating of “Hold” by the twelve analysts that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $107.17.

Several equities analysts have recently commented on the stock. UBS Group upped their price objective on shares of Northern Trust from $86.00 to $92.00 and gave the stock a “neutral” rating in a report on Tuesday, October 8th. Bank of America upped their price target on Northern Trust from $103.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. StockNews.com upgraded Northern Trust from a “hold” rating to a “buy” rating in a research report on Tuesday, December 10th. Wells Fargo & Company boosted their price objective on Northern Trust from $108.00 to $110.00 and gave the company an “equal weight” rating in a report on Friday, November 15th. Finally, Morgan Stanley lowered their target price on Northern Trust from $127.00 to $125.00 and set an “equal weight” rating for the company in a report on Friday, January 3rd.

Northern Trust Trading Down 0.5 %

NASDAQ NTRS opened at $102.22 on Thursday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.71 and a quick ratio of 0.71. The stock has a market capitalization of $20.26 billion, a P/E ratio of 12.71, a PEG ratio of 1.18 and a beta of 1.08. The firm’s 50-day moving average is $105.64 and its two-hundred day moving average is $94.83. Northern Trust has a 12 month low of $76.67 and a 12 month high of $111.87.

Northern Trust Dividend Announcement

The company also recently declared 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 annualized dividend and a yield of 2.93%. The ex-dividend date of this dividend was Friday, December 6th. Northern Trust’s dividend payout ratio (DPR) is presently 37.31%.

Insider Buying and Selling at Northern Trust

In related news, Vice Chairman Steven L. Fradkin sold 9,100 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the insider now owns 47,797 shares in the company, valued at $5,305,467. The trade was a 15.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Teresa Parker sold 4,439 shares of the stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $100.86, for a total transaction of $447,717.54. Following the completion of the transaction, the insider now owns 79,326 shares in the company, valued at $8,000,820.36. This represents a 5.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 82,151 shares of company stock valued at $8,489,889. Insiders own 0.64% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Commonwealth Equity Services LLC lifted its holdings in shares of Northern Trust by 3.8% in the 2nd quarter. Commonwealth Equity Services LLC now owns 41,457 shares of the asset manager’s stock valued at $3,482,000 after purchasing an additional 1,509 shares during the last quarter. TD Asset Management Inc boosted its holdings in shares of Northern Trust by 8.0% in the second quarter. TD Asset Management Inc now owns 77,012 shares of the asset manager’s stock valued at $6,467,000 after acquiring an additional 5,692 shares during the period. Candriam S.C.A. grew its position in shares of Northern Trust by 10.7% during the second quarter. Candriam S.C.A. now owns 24,678 shares of the asset manager’s stock worth $2,072,000 after acquiring an additional 2,381 shares during the last quarter. Quest Partners LLC increased its holdings in shares of Northern Trust by 160.9% in the 2nd quarter. Quest Partners LLC now owns 3,548 shares of the asset manager’s stock valued at $298,000 after acquiring an additional 2,188 shares during the period. Finally, Prudential PLC raised its position in Northern Trust by 54.9% in the 2nd quarter. Prudential PLC now owns 29,032 shares of the asset manager’s stock valued at $2,438,000 after purchasing an additional 10,288 shares during the last quarter. Institutional investors and hedge funds own 83.19% 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, 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.