Northern Trust (NTRS) Rating Increased to Hold at BidaskClub

BidaskClub upgraded shares of Northern Trust (NASDAQ:NTRS) from a sell rating to a hold rating in a report published on Friday.

NTRS has been the topic of several other reports. Wells Fargo & Co set a $105.00 price objective on shares of Northern Trust and gave the company a hold rating in a research report on Wednesday, December 20th. Keefe, Bruyette & Woods restated a hold rating and set a $110.00 price objective on shares of Northern Trust in a research report on Friday, December 22nd. Barclays raised their price objective on shares of Northern Trust from $102.00 to $114.00 and gave the company an equal weight rating in a research report on Tuesday, January 2nd. Royal Bank of Canada raised their price objective on shares of Northern Trust to $110.00 and gave the company an outperform rating in a research report on Thursday, January 25th. Finally, Credit Suisse Group raised their price objective on shares of Northern Trust from $99.00 to $100.00 and gave the company a neutral rating in a research report on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company’s stock. Northern Trust presently has a consensus rating of Hold and a consensus target price of $104.81.

Shares of Northern Trust (NASDAQ:NTRS) traded up $2.44 on Friday, hitting $106.56. 866,834 shares of the company traded hands, compared to its average volume of 1,325,319. The company has a market capitalization of $23,679.09, a P/E ratio of 21.66, a P/E/G ratio of 1.36 and a beta of 0.99. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.35. Northern Trust has a 12 month low of $83.17 and a 12 month high of $108.91.

Northern Trust (NASDAQ:NTRS) last issued its quarterly earnings results on Wednesday, January 24th. The asset manager reported $1.35 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.30 by $0.05. The business had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.41 billion. Northern Trust had a net margin of 20.98% and a return on equity of 12.77%. The company’s revenue was up 15.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.11 EPS. equities analysts predict that Northern Trust will post 6.11 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Sunday, April 1st. Shareholders of record on Friday, March 9th will be issued a $0.42 dividend. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $1.68 dividend on an annualized basis and a yield of 1.58%. Northern Trust’s dividend payout ratio is currently 34.15%.

In other Northern Trust news, Vice Chairman William L. Morrison sold 20,000 shares of Northern Trust stock in a transaction on Friday, February 16th. The shares were sold at an average price of $105.08, for a total value of $2,101,600.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Aileen B. Blake sold 3,000 shares of Northern Trust stock in a transaction on Friday, January 26th. The shares were sold at an average price of $105.32, for a total transaction of $315,960.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 225,553 shares of company stock worth $22,734,528. 1.27% of the stock is currently owned by insiders.

Institutional investors have recently bought and sold shares of the company. Field & Main Bank bought a new stake in shares of Northern Trust in the 4th quarter worth about $100,000. Truewealth LLC bought a new stake in shares of Northern Trust in the 4th quarter worth about $110,000. Cerebellum GP LLC bought a new stake in shares of Northern Trust in the 4th quarter worth about $132,000. Mission Wealth Management LP bought a new stake in shares of Northern Trust in the 4th quarter worth about $200,000. Finally, Hollencrest Capital Management bought a new stake in shares of Northern Trust in the 4th quarter worth about $210,000. Hedge funds and other institutional investors own 81.05% of the company’s stock.

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About Northern Trust

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 (NASDAQ:NTRS)

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