Northern Trust Corporation (NASDAQ:NTRS) Receives $180.68 Consensus Target Price from Analysts

Northern Trust Corporation (NASDAQ:NTRS) has received an average rating of “Hold” from the fifteen brokerages that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $180.6786.

Several analysts recently commented on the stock. Wells Fargo & Company increased their target price on shares of Northern Trust from $189.00 to $194.00 and gave the company an “equal weight” rating in a research note on Thursday, July 23rd. Truist Financial increased their target price on shares of Northern Trust from $176.00 to $186.00 and gave the stock a “hold” rating in a research report on Friday, June 26th. Morgan Stanley lifted their target price on shares of Northern Trust from $170.00 to $173.00 and gave the company an “underweight” rating in a research note on Thursday, July 23rd. Evercore set a $179.00 price target on shares of Northern Trust in a research note on Monday, July 6th. Finally, Citigroup lifted their price objective on Northern Trust from $162.00 to $172.00 and gave the company a “neutral” rating in a research report on Tuesday, June 30th.

Insider Transactions at Northern Trust

In other news, EVP Thomas A. South sold 1,800 shares of Northern Trust stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $184.90, for a total transaction of $332,820.00. Following the completion of the sale, the executive vice president directly owned 92,917 shares in the company, valued at $17,180,353.30. The trade was a 1.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert Moritz, Jr. purchased 255 shares of the stock in a transaction that occurred on Wednesday, July 29th. The stock was purchased at an average cost of $179.57 per share, with a total value of $45,790.35. Following the purchase, the director owned 8,400 shares in the company, valued at $1,508,388. This represents a 3.13% increase in their position. The SEC filing for this purchase provides additional information. 0.66% of the stock is owned by company insiders.

Institutional Trading of Northern Trust

Several large investors have recently added to or reduced their stakes in the business. V Square Quantitative Management LLC lifted its stake in shares of Northern Trust by 1.3% in the 1st quarter. V Square Quantitative Management LLC now owns 4,793 shares of the asset manager’s stock valued at $669,000 after purchasing an additional 61 shares during the last quarter. Greenleaf Trust increased its position in Northern Trust by 0.6% during the second quarter. Greenleaf Trust now owns 12,575 shares of the asset manager’s stock worth $2,186,000 after buying an additional 71 shares during the last quarter. CWS Financial Advisors LLC raised its holdings in Northern Trust by 2.0% during the first quarter. CWS Financial Advisors LLC now owns 3,997 shares of the asset manager’s stock valued at $558,000 after buying an additional 77 shares in the last quarter. SJS Investment Consulting Inc. raised its holdings in Northern Trust by 16.5% during the first quarter. SJS Investment Consulting Inc. now owns 559 shares of the asset manager’s stock valued at $78,000 after buying an additional 79 shares in the last quarter. Finally, Compound Planning Inc. increased its holdings in shares of Northern Trust by 4.7% during the 1st quarter. Compound Planning Inc. now owns 1,770 shares of the asset manager’s stock valued at $247,000 after acquiring an additional 79 shares during the last quarter. 83.19% of the stock is owned by institutional investors.

Northern Trust Stock Up 1.9%

NTRS stock opened at $187.45 on Tuesday. The company has a market capitalization of $34.30 billion, a price-to-earnings ratio of 16.09, a price-to-earnings-growth ratio of 1.04 and a beta of 1.24. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.43. Northern Trust has a 52 week low of $121.12 and a 52 week high of $195.78. The firm’s 50-day moving average is $183.62 and its two-hundred day moving average is $165.70.

Northern Trust (NASDAQ:NTRS) last issued its quarterly earnings results on Wednesday, July 22nd. The asset manager reported $4.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.71 by $1.52. Northern Trust had a return on equity of 16.91% and a net margin of 14.76%.The firm had revenue of $2.71 billion during the quarter, compared to analyst estimates of $2.69 billion. During the same period last year, the company posted $2.13 EPS. The firm’s quarterly revenue was up 35.1% on a year-over-year basis. On average, analysts forecast that Northern Trust will post 11.59 earnings per share for the current fiscal year.

Northern Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Friday, September 4th will be paid a dividend of $0.88 per share. This is a boost from Northern Trust’s previous quarterly dividend of $0.80. The ex-dividend date of this dividend is Friday, September 4th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.9%. Northern Trust’s dividend payout ratio (DPR) is 27.47%.

Northern Trust Company Profile

Northern Trust Corporation (NASDAQ: NTRS) is a global financial services firm headquartered in Chicago that provides asset servicing, asset management and wealth management solutions to institutions, corporations and high-net-worth individuals. The company’s core businesses include custody and fund administration, investment operations outsourcing, trust and fiduciary services, private banking, and retirement and defined contribution plan services.

Northern Trust’s product and service offerings span custody and fund accounting, portfolio and performance analytics, securities lending, cash management and foreign exchange, as well as discretionary and non-discretionary investment management.