Shares of Northern Trust Corporation (NASDAQ:NTRS) have been given a consensus rating of “Hold” by the fourteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $92.83.

A number of research analysts have weighed in on the company. Zacks Investment Research lowered Northern Trust Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, June 6th. BidaskClub lowered Northern Trust Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Bank of America Corporation reissued a “buy” rating and set a $98.00 price target (up previously from $61.32) on shares of Northern Trust Corporation in a research note on Friday, May 26th. Credit Suisse Group reissued a “hold” rating and set a $90.00 price target on shares of Northern Trust Corporation in a research note on Monday, May 15th. Finally, Morgan Stanley reissued an “underweight” rating and set a $86.00 price target (up previously from $80.00) on shares of Northern Trust Corporation in a research note on Friday, July 7th.

In other Northern Trust Corporation news, insider Teresa Parker sold 11,399 shares of the firm’s stock in a transaction dated Friday, July 21st. The stock was sold at an average price of $87.65, for a total value of $999,122.35. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Vice Chairman William L. Morrison sold 25,000 shares of the firm’s stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $87.28, for a total value of $2,182,000.00. The disclosure for this sale can be found here. Insiders sold 184,974 shares of company stock worth $17,103,543 over the last three months. 1.27% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NTRS. Global Financial Private Capital LLC raised its position in Northern Trust Corporation by 21.1% in the second quarter. Global Financial Private Capital LLC now owns 3,653 shares of the asset manager’s stock valued at $355,000 after buying an additional 637 shares during the period. Ontario Teachers Pension Plan Board raised its position in Northern Trust Corporation by 325.5% in the second quarter. Ontario Teachers Pension Plan Board now owns 16,345 shares of the asset manager’s stock valued at $1,589,000 after buying an additional 12,504 shares during the period. Veritable L.P. raised its position in Northern Trust Corporation by 0.5% in the second quarter. Veritable L.P. now owns 7,941 shares of the asset manager’s stock valued at $772,000 after buying an additional 42 shares during the period. Baker Avenue Asset Management LP raised its position in Northern Trust Corporation by 11.9% in the second quarter. Baker Avenue Asset Management LP now owns 8,641 shares of the asset manager’s stock valued at $840,000 after buying an additional 920 shares during the period. Finally, Parametric Portfolio Associates LLC raised its position in Northern Trust Corporation by 21.0% in the second quarter. Parametric Portfolio Associates LLC now owns 354,316 shares of the asset manager’s stock valued at $34,443,000 after buying an additional 61,443 shares during the period. 83.48% of the stock is currently owned by institutional investors.

Shares of Northern Trust Corporation (NTRS) traded down 0.06% during mid-day trading on Friday, hitting $87.15. The stock had a trading volume of 1,043,485 shares. Northern Trust Corporation has a 52-week low of $66.40 and a 52-week high of $99.30. The company has a market cap of $19.91 billion, a PE ratio of 19.78 and a beta of 0.92. The stock has a 50 day moving average price of $92.53 and a 200-day moving average price of $89.21.

Northern Trust Corporation (NASDAQ:NTRS) last issued its quarterly earnings results on Wednesday, July 19th. The asset manager reported $1.18 earnings per share for the quarter, missing analysts’ consensus estimates of $1.23 by $0.05. Northern Trust Corporation had a return on equity of 12.08% and a net margin of 20.21%. The business had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.33 billion. During the same period in the prior year, the company earned $1.09 EPS. The company’s revenue for the quarter was up .5% compared to the same quarter last year. On average, equities analysts expect that Northern Trust Corporation will post $4.72 earnings per share for the current fiscal year.

Northern Trust Corporation declared that its board has approved a stock repurchase plan on Wednesday, June 28th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the asset manager to repurchase up to 3.4% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, October 1st. Shareholders of record on Friday, September 1st will be given a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This is a positive change from Northern Trust Corporation’s previous quarterly dividend of $0.38. This represents a $1.68 annualized dividend and a yield of 1.93%. Northern Trust Corporation’s dividend payout ratio (DPR) is 34.55%.

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Northern Trust Corporation Company Profile

Northern Trust Corporation is a financial holding company. The Company provides asset servicing, fund administration, asset management, fiduciary and banking solutions for corporations, institutions, families and individuals across the world. Its segments include Corporate & Institutional Services (C&IS), Wealth Management, and Treasury and Other.

Analyst Recommendations for Northern Trust Corporation (NASDAQ:NTRS)

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