BidaskClub cut shares of Northern Trust (NASDAQ:NTRS) from a hold rating to a sell rating in a research note published on Wednesday morning, BidAskClub reports.

A number of other brokerages have also issued reports on NTRS. Wells Fargo & Co reaffirmed a hold rating and set a $11.00 target price on shares of Coty in a research report on Wednesday, May 8th. Morgan Stanley reaffirmed a top pick rating on shares of in a research report on Wednesday, June 5th. Zacks Investment Research raised HANNOVER RUECK/S from a sell rating to a hold rating in a research report on Friday, May 17th. Deutsche Bank reaffirmed a buy rating and set a GBX 4,000 ($52.27) target price on shares of in a research report on Tuesday, June 18th. Finally, Citigroup raised Infosys from a neutral rating to a buy rating in a research report on Friday, July 12th. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $106.21.

NTRS opened at $92.86 on Wednesday. Northern Trust has a one year low of $75.96 and a one year high of $115.61. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.35. The stock has a fifty day moving average price of $88.94. The company has a market cap of $19.84 billion, a P/E ratio of 13.80, a PEG ratio of 1.76 and a beta of 1.13.

Northern Trust (NASDAQ:NTRS) last announced its earnings results on Tuesday, April 23rd. The asset manager reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.02. The company had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.47 billion. Northern Trust had a return on equity of 16.03% and a net margin of 22.44%. Northern Trust’s revenue for the quarter was up .3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.58 earnings per share. Research analysts expect that Northern Trust will post 6.54 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Friday, June 14th were issued a dividend of $0.60 per share. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.58%. Northern Trust’s dividend payout ratio is 35.66%.

In other Northern Trust news, EVP Robert P. Browne sold 12,156 shares of the business’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $86.88, for a total value of $1,056,113.28. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Teresa Parker sold 3,000 shares of the business’s stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $97.50, for a total value of $292,500.00. The disclosure for this sale can be found here. Insiders own 1.15% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. Brand Asset Management Group Inc. purchased a new position in Northern Trust in the first quarter valued at about $38,000. Resources Investment Advisors Inc. grew its stake in Northern Trust by 194.2% in the first quarter. Resources Investment Advisors Inc. now owns 306 shares of the asset manager’s stock valued at $28,000 after purchasing an additional 202 shares in the last quarter. Parallel Advisors LLC grew its stake in Northern Trust by 93.5% in the first quarter. Parallel Advisors LLC now owns 389 shares of the asset manager’s stock valued at $35,000 after purchasing an additional 188 shares in the last quarter. Osborn Williams & Donohoe LLC bought a new stake in shares of Northern Trust during the 1st quarter worth about $49,000. Finally, First Mercantile Trust Co. boosted its stake in shares of Northern Trust by 58.6% during the 1st quarter. First Mercantile Trust Co. now owns 571 shares of the asset manager’s stock worth $52,000 after acquiring an additional 211 shares in the last quarter. Hedge funds and other institutional investors own 78.82% 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, Corporate & Institutional Services (C&IS) and Wealth Management.

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Analyst Recommendations for Northern Trust (NASDAQ:NTRS)

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