Northern Trust (NASDAQ:NTRS) Stock Price Expected to Rise, Barclays Analyst Says

Northern Trust (NASDAQ:NTRS) had its price target boosted by Barclays from $115.00 to $118.00 in a research note published on Monday,Benzinga reports. The firm currently has an equal weight rating on the asset manager’s stock.

A number of other analysts have also recently commented on the stock. Deutsche Bank Aktiengesellschaft upped their target price on shares of Northern Trust from $100.00 to $108.00 and gave the company a “hold” rating in a report on Monday, November 11th. UBS Group upped their price objective on Northern Trust from $86.00 to $92.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 8th. Keefe, Bruyette & Woods lifted their target price on Northern Trust from $100.00 to $113.00 and gave the company a “market perform” rating in a research report on Tuesday, December 3rd. Morgan Stanley reduced their price target on Northern Trust from $127.00 to $125.00 and set an “equal weight” rating for the company in a research report on Friday, January 3rd. Finally, Evercore ISI lifted their price objective on Northern Trust from $86.00 to $103.00 and gave the company an “in-line” rating in a research report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $107.17.

Northern Trust Trading Down 0.5 %

Northern Trust stock opened at $102.22 on Monday. The business has a 50-day simple moving average of $105.64 and a two-hundred day simple moving average of $94.83. Northern Trust has a 52-week low of $76.67 and a 52-week high of $111.87. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.58. The company has a market cap of $20.26 billion, a P/E ratio of 12.71, a P/E/G ratio of 1.18 and a beta of 1.08.

Northern Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 1st. Shareholders of record on Friday, December 6th were issued a $0.75 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $3.00 dividend on an annualized basis and a yield of 2.93%. Northern Trust’s dividend payout ratio is currently 37.31%.

Insiders Place Their Bets

In other news, Vice Chairman Steven L. Fradkin sold 27,874 shares of the company’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $100.50, for a total transaction of $2,801,337.00. Following the sale, the insider now directly owns 46,078 shares of the company’s stock, valued at $4,630,839. This represents a 37.69 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Peter Cherecwich sold 16,153 shares of the firm’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $105.18, for a total transaction of $1,698,972.54. Following the completion of the transaction, the chief operating officer now directly owns 4,397 shares of the company’s stock, valued at approximately $462,476.46. This trade represents a 78.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 82,151 shares of company stock worth $8,489,889 in the last 90 days. 0.64% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Northern Trust

Several institutional investors have recently bought and sold shares of the business. FMR LLC increased its holdings in shares of Northern Trust by 9.3% in the 3rd quarter. FMR LLC now owns 18,187,663 shares of the asset manager’s stock worth $1,637,435,000 after buying an additional 1,542,685 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in Northern Trust by 13.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 7,413,620 shares of the asset manager’s stock worth $622,596,000 after acquiring an additional 850,556 shares during the last quarter. JPMorgan Chase & Co. raised its position in Northern Trust by 9.9% during the third quarter. JPMorgan Chase & Co. now owns 4,296,442 shares of the asset manager’s stock valued at $386,809,000 after purchasing an additional 388,692 shares during the period. Primecap Management Co. CA lifted its stake in shares of Northern Trust by 3.9% in the 2nd quarter. Primecap Management Co. CA now owns 7,046,757 shares of the asset manager’s stock valued at $591,787,000 after purchasing an additional 261,285 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Northern Trust by 12.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,003,675 shares of the asset manager’s stock worth $168,253,000 after purchasing an additional 219,387 shares during the period. Institutional investors own 83.19% of the company’s stock.

Northern Trust Company Profile

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.