Shares of Northern Trust Co. (NASDAQ:NTRS) have been given a consensus recommendation of “Hold” by the nineteen ratings firms that are presently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $107.07.
Several equities analysts recently issued reports on the company. Bank of America set a $20.00 price objective on Fiat Chrysler Automobiles and gave the stock a “hold” rating in a research note on Thursday, June 6th. ValuEngine upgraded Zynerba Pharmaceuticals from a “sell” rating to a “hold” rating in a research report on Monday, April 1st. Deutsche Bank restated a “buy” rating and set a GBX 4,000 ($52.27) price objective on shares of in a research report on Tuesday, June 18th. Morgan Stanley reissued a “top pick” rating on shares of in a research note on Wednesday, June 5th. Finally, Citigroup raised Infosys from a “neutral” rating to a “buy” rating in a research report on Friday, July 12th.
In other news, EVP Robert P. Browne sold 12,156 shares of the firm’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $86.88, for a total transaction of $1,056,113.28. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Teresa Parker sold 3,000 shares of the firm’s stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $97.50, for a total transaction of $292,500.00. The disclosure for this sale can be found here. 1.15% of the stock is currently owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the stock. Kentucky Retirement Systems Insurance Trust Fund bought a new stake in shares of Northern Trust in the 4th quarter valued at about $366,000. Legal & General Group Plc lifted its holdings in Northern Trust by 5.0% during the fourth quarter. Legal & General Group Plc now owns 986,183 shares of the asset manager’s stock valued at $82,436,000 after purchasing an additional 47,277 shares in the last quarter. NuWave Investment Management LLC acquired a new stake in shares of Northern Trust in the first quarter valued at about $72,000. Speece Thorson Capital Group Inc. raised its position in shares of Northern Trust by 14.0% in the first quarter. Speece Thorson Capital Group Inc. now owns 147,120 shares of the asset manager’s stock valued at $13,301,000 after buying an additional 18,084 shares during the last quarter. Finally, Trust Department MB Financial Bank N A increased its position in Northern Trust by 14.7% during the first quarter. Trust Department MB Financial Bank N A now owns 1,625 shares of the asset manager’s stock worth $147,000 after purchasing an additional 208 shares during the last quarter. 78.82% of the stock is owned by hedge funds and other institutional investors.
Northern Trust stock traded up $0.83 during trading on Friday, reaching $90.72. The stock had a trading volume of 12,785 shares, compared to its average volume of 1,310,238. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.63 and a current ratio of 0.63. Northern Trust has a 52-week low of $75.96 and a 52-week high of $115.61. The firm has a 50 day moving average of $88.81. The stock has a market capitalization of $19.48 billion, a PE ratio of 13.50, a PEG ratio of 1.73 and a beta of 1.13.
Northern Trust (NASDAQ:NTRS) last issued its earnings results on Tuesday, April 23rd. The asset manager reported $1.48 EPS for the quarter, topping the consensus estimate of $1.46 by $0.02. Northern Trust had a net margin of 22.44% and a return on equity of 16.03%. The company had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.47 billion. During the same period in the previous year, the firm earned $1.58 EPS. The business’s revenue was up .3% on a year-over-year basis. As a group, sell-side analysts expect that Northern Trust will post 6.54 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Friday, June 14th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date was Thursday, June 13th. Northern Trust’s payout ratio is currently 35.66%.
Northern Trust Company Profile
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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