Shares of Northern Trust Corporation (NASDAQ:NTRS) have earned an average recommendation of “Hold” from the fifteen analysts that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $96.08.

A number of equities analysts have recently issued reports on the company. Zacks Investment Research raised Northern Trust Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. BidaskClub raised Northern Trust Corporation from a “sell” rating to a “hold” rating in a report on Friday, August 11th. Wells Fargo & Company assumed coverage on Northern Trust Corporation in a report on Wednesday, August 9th. They issued a “market perform” rating and a $90.00 target price for the company. Buckingham Research increased their target price on Northern Trust Corporation from $95.00 to $97.00 and gave the stock a “neutral” rating in a report on Thursday, October 19th. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $97.00 target price on shares of Northern Trust Corporation in a report on Friday, August 18th.

Shares of Northern Trust Corporation (NASDAQ:NTRS) traded up $0.36 during mid-day trading on Monday, hitting $94.43. The company’s stock had a trading volume of 613,359 shares, compared to its average volume of 1,153,727. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.71 and a quick ratio of 0.71. Northern Trust Corporation has a 52 week low of $80.49 and a 52 week high of $99.30. The company has a market cap of $21,393.50, a P/E ratio of 20.54, a P/E/G ratio of 2.08 and a beta of 0.96.

Northern Trust Corporation (NASDAQ:NTRS) last announced its quarterly earnings data on Wednesday, October 18th. The asset manager reported $1.20 EPS for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.08. Northern Trust Corporation had a return on equity of 12.33% and a net margin of 20.27%. The company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter last year, the company earned $1.11 EPS. The company’s quarterly revenue was up 11.2% on a year-over-year basis. equities analysts expect that Northern Trust Corporation will post 4.68 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 1st. Investors of record on Friday, December 1st will be issued a dividend of $0.42 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.68 dividend on an annualized basis and a yield of 1.78%. Northern Trust Corporation’s dividend payout ratio is 37.17%.

In other Northern Trust Corporation news, Chairman Frederick H. Waddell sold 100,000 shares of the stock in a transaction on Wednesday, September 27th. The stock was sold at an average price of $92.00, for a total value of $9,200,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Clair Joyce St sold 7,665 shares of the stock in a transaction on Wednesday, October 18th. The shares were sold at an average price of $95.00, for a total value of $728,175.00. The disclosure for this sale can be found here. Insiders sold a total of 338,082 shares of company stock worth $31,732,330 over the last quarter. Corporate insiders own 1.27% of the company’s stock.

Several large investors have recently bought and sold shares of NTRS. Creative Planning boosted its position in shares of Northern Trust Corporation by 0.8% in the 2nd quarter. Creative Planning now owns 2,374 shares of the asset manager’s stock worth $231,000 after purchasing an additional 20 shares during the last quarter. LS Investment Advisors LLC boosted its position in shares of Northern Trust Corporation by 3.6% in the 2nd quarter. LS Investment Advisors LLC now owns 6,663 shares of the asset manager’s stock worth $648,000 after purchasing an additional 229 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Northern Trust Corporation by 24.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 53,649 shares of the asset manager’s stock worth $5,081,000 after purchasing an additional 10,400 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in shares of Northern Trust Corporation by 1.5% in the 2nd quarter. Louisiana State Employees Retirement System now owns 13,400 shares of the asset manager’s stock worth $1,303,000 after purchasing an additional 200 shares during the last quarter. Finally, Aperio Group LLC boosted its position in shares of Northern Trust Corporation by 12.3% in the 2nd quarter. Aperio Group LLC now owns 125,978 shares of the asset manager’s stock worth $12,246,000 after purchasing an additional 13,836 shares during the last quarter. Institutional investors and hedge funds own 80.08% of the company’s stock.

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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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