Northern Trust (NASDAQ:NTRS) Reaches New 1-Year High at $108.49

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Northern Trust Co. (NASDAQ:NTRS) reached a new 52-week high during trading on Monday . The company traded as high as $108.49 and last traded at $106.52, with a volume of 866714 shares. The stock had previously closed at $107.24.

A number of research firms have recently commented on NTRS. ValuEngine cut shares of Northern Trust from a “hold” rating to a “sell” rating in a report on Tuesday, October 1st. Wells Fargo & Co set a $110.00 price target on shares of Northern Trust and gave the stock a “buy” rating in a report on Friday, August 16th. Morgan Stanley cut their price target on shares of Northern Trust from $93.00 to $90.00 and set an “underweight” rating on the stock in a report on Friday, October 4th. UBS Group cut shares of Northern Trust from a “buy” rating to a “neutral” rating in a report on Wednesday, September 25th. Finally, Bank of America upped their price target on shares of Northern Trust from $95.00 to $105.00 and gave the stock a “neutral” rating in a report on Thursday, October 24th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company. Northern Trust currently has a consensus rating of “Hold” and a consensus target price of $104.07.

The stock’s 50 day moving average is $102.90 and its two-hundred day moving average is $93.74. The company has a market capitalization of $22.72 billion, a PE ratio of 15.83, a price-to-earnings-growth ratio of 1.72 and a beta of 1.23. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.41.

Northern Trust (NASDAQ:NTRS) last released its quarterly earnings data on Wednesday, October 23rd. The asset manager reported $1.69 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.63 by $0.06. Northern Trust had a net margin of 22.10% and a return on equity of 15.66%. The company had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.52 billion. During the same period in the prior year, the firm earned $1.58 earnings per share. The firm’s revenue for the quarter was up 4.1% compared to the same quarter last year. On average, sell-side analysts predict that Northern Trust Co. will post 6.65 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Investors of record on Friday, December 13th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date of this dividend is Thursday, December 12th. Northern Trust’s dividend payout ratio (DPR) is presently 41.60%.

In other Northern Trust news, EVP Robert P. Browne sold 10,680 shares of the stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $101.56, for a total transaction of $1,084,660.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Thomas A. South sold 1,000 shares of the stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $98.54, for a total transaction of $98,540.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 55,234 shares of company stock valued at $5,771,074. Insiders own 1.15% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in NTRS. Royal Bank of Scotland Group PLC purchased a new stake in shares of Northern Trust during the second quarter valued at about $202,000. Strs Ohio raised its position in shares of Northern Trust by 2.1% in the 2nd quarter. Strs Ohio now owns 6,242 shares of the asset manager’s stock valued at $561,000 after purchasing an additional 126 shares during the last quarter. BTIM Corp. raised its position in shares of Northern Trust by 3.0% in the 2nd quarter. BTIM Corp. now owns 682,205 shares of the asset manager’s stock valued at $61,398,000 after purchasing an additional 20,001 shares during the last quarter. First Merchants Corp raised its position in shares of Northern Trust by 1.8% in the 2nd quarter. First Merchants Corp now owns 45,648 shares of the asset manager’s stock valued at $4,108,000 after purchasing an additional 802 shares during the last quarter. Finally, Virginia Retirement Systems ET AL raised its position in shares of Northern Trust by 5.1% in the 2nd quarter. Virginia Retirement Systems ET AL now owns 412,400 shares of the asset manager’s stock valued at $37,116,000 after purchasing an additional 19,900 shares during the last quarter. 81.83% of the stock is owned by institutional investors and hedge funds.

Northern Trust Company Profile (NASDAQ:NTRS)

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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