Northern Trust (NASDAQ:NTRS) Hits New 12-Month High at $120.35

Northern Trust Co. (NASDAQ:NTRS)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $120.35 and last traded at $119.76, with a volume of 367 shares trading hands. The stock had previously closed at $119.28.

A number of research firms recently commented on NTRS. Deutsche Bank Aktiengesellschaft increased their target price on shares of Northern Trust from $110.00 to $117.00 and gave the company a “buy” rating in a research report on Thursday, April 15th. UBS Group upgraded shares of Northern Trust from a “sell” rating to a “neutral” rating and upped their price target for the company from $89.00 to $106.00 in a research note on Tuesday, April 13th. Keefe, Bruyette & Woods upgraded shares of Northern Trust from a “market perform” rating to an “outperform” rating and upped their price target for the company from $100.00 to $120.00 in a research note on Friday, January 22nd. Barclays upped their price target on shares of Northern Trust from $105.00 to $112.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 7th. Finally, Wells Fargo & Company upped their price target on shares of Northern Trust from $112.00 to $122.00 and gave the company an “overweight” rating in a research note on Thursday, April 1st. Five research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company’s stock. Northern Trust has a consensus rating of “Hold” and a consensus target price of $103.56.

The stock’s fifty day moving average is $109.13 and its 200-day moving average is $97.56. The stock has a market capitalization of $24.64 billion, a PE ratio of 19.64 and a beta of 1.12. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.64 and a quick ratio of 0.64.

Northern Trust (NASDAQ:NTRS) last announced its quarterly earnings results on Monday, April 19th. The asset manager reported $1.70 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.49 by $0.21. The firm had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.54 billion. Northern Trust had a net margin of 20.72% and a return on equity of 13.07%. The firm’s quarterly revenue was down .4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.55 earnings per share. On average, analysts forecast that Northern Trust Co. will post 5.99 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 1st. Shareholders of record on Friday, June 11th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 2.36%. The ex-dividend date of this dividend is Thursday, June 10th. Northern Trust’s payout ratio is 42.23%.

In other news, insider Shundrawn A. Thomas sold 4,748 shares of the firm’s stock in a transaction dated Thursday, April 22nd. The shares were sold at an average price of $107.48, for a total value of $510,315.04. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Robert P. Browne sold 10,000 shares of the firm’s stock in a transaction dated Friday, March 12th. The stock was sold at an average price of $102.18, for a total transaction of $1,021,800.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 90,630 shares of company stock worth $10,303,335. Insiders own 0.72% of the company’s stock.

Several large investors have recently bought and sold shares of NTRS. Norges Bank purchased a new position in shares of Northern Trust in the fourth quarter worth about $177,600,000. NN Investment Partners Holdings N.V. increased its position in Northern Trust by 1,073.2% during the fourth quarter. NN Investment Partners Holdings N.V. now owns 1,975,814 shares of the asset manager’s stock worth $184,029,000 after purchasing an additional 1,807,398 shares during the last quarter. Principal Financial Group Inc. increased its position in Northern Trust by 292.8% during the fourth quarter. Principal Financial Group Inc. now owns 1,236,711 shares of the asset manager’s stock worth $115,187,000 after purchasing an additional 921,861 shares during the last quarter. BlackRock Inc. increased its position in Northern Trust by 3.9% during the first quarter. BlackRock Inc. now owns 14,498,779 shares of the asset manager’s stock worth $1,523,965,000 after purchasing an additional 546,512 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its position in Northern Trust by 363.8% during the first quarter. Envestnet Asset Management Inc. now owns 338,221 shares of the asset manager’s stock worth $35,550,000 after purchasing an additional 265,299 shares during the last quarter. 78.82% of the stock is currently owned by hedge funds and other institutional investors.

Northern Trust Company Profile (NASDAQ:NTRS)

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.

Read More: What are the most popular ETFs

Receive News & Ratings for Northern Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northern Trust and related companies with MarketBeat.com's FREE daily email newsletter.