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

Shares of Northern Trust Co. (NASDAQ:NTRS) have received an average rating of “Hold” from the twelve analysts that are covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $100.67.

Several analysts recently issued reports on the company. Bank of America increased their target price on Northern Trust from $103.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. StockNews.com raised shares of Northern Trust from a “hold” rating to a “buy” rating in a report on Tuesday, November 12th. Royal Bank of Canada boosted their target price on shares of Northern Trust from $100.00 to $107.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. The Goldman Sachs Group cut shares of Northern Trust from a “neutral” rating to a “sell” rating and cut their target price for the company from $84.00 to $82.00 in a research note on Thursday, September 26th. Finally, Barclays boosted their price target on shares of Northern Trust from $98.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 24th.

Northern Trust Trading Up 0.2 %

Shares of Northern Trust stock opened at $110.75 on Wednesday. Northern Trust has a fifty-two week low of $75.68 and a fifty-two week high of $111.19. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.71 and a current ratio of 0.71. The company has a market capitalization of $21.95 billion, a P/E ratio of 13.77, a P/E/G ratio of 1.23 and a beta of 1.06. The company has a fifty day moving average of $98.58 and a 200 day moving average of $90.13.

Northern Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Friday, December 6th will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 2.71%. The ex-dividend date is Friday, December 6th. Northern Trust’s payout ratio is 37.31%.

Insider Transactions at Northern Trust

In other Northern Trust news, EVP Thomas A. South sold 5,000 shares of the firm’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $105.80, for a total value of $529,000.00. Following the completion of the sale, the executive vice president now owns 49,756 shares of the company’s stock, valued at $5,264,184.80. This trade represents a 9.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Charles A. Tribbett sold 1,855 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $88.12, for a total value of $163,462.60. Following the transaction, the director now owns 1,000 shares of the company’s stock, valued at $88,120. This trade represents a 64.97 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 74,906 shares of company stock worth $7,643,252. 0.64% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Northern Trust

Large investors have recently bought and sold shares of the business. Olistico Wealth LLC purchased a new stake in Northern Trust in the second quarter worth $25,000. Innealta Capital LLC bought a new position in shares of Northern Trust in the second quarter worth about $26,000. Ridgewood Investments LLC purchased a new position in Northern Trust in the 2nd quarter worth about $30,000. Northwest Investment Counselors LLC bought a new stake in Northern Trust during the 3rd quarter valued at about $39,000. Finally, Versant Capital Management Inc boosted its position in Northern Trust by 343.9% in the 2nd quarter. Versant Capital Management Inc now owns 435 shares of the asset manager’s stock valued at $37,000 after buying an additional 337 shares during the period. Hedge funds and other institutional investors 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.