Northern Trust Corp. (NASDAQ:NTRS) has been given an average rating of “Hold” by the thirteen research firms that are currently covering the firm. One research analyst has rated the stock with a sell rating, ten have given a hold rating and one has issued a strong buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $71.15.
A number of brokerages have recently commented on NTRS. Deutsche Bank AG reissued a “hold” rating on shares of Northern Trust Corp. in a report on Sunday, July 10th. Barclays PLC reissued a “hold” rating on shares of Northern Trust Corp. in a report on Saturday, July 9th. Jefferies Group reissued a “hold” rating and set a $71.00 price target (up from $68.00) on shares of Northern Trust Corp. in a report on Sunday, July 24th. Zacks Investment Research raised Northern Trust Corp. from a “sell” rating to a “hold” rating in a report on Friday, July 22nd. Finally, Citigroup Inc. raised Northern Trust Corp. from a “sell” rating to a “neutral” rating and set a $66.00 price target on the stock in a report on Tuesday, June 28th.
Northern Trust Corp. (NASDAQ:NTRS) opened at 67.99 on Tuesday. The stock’s 50 day moving average is $68.89 and its 200-day moving average is $68.49. The firm has a market cap of $15.41 billion, a P/E ratio of 16.80 and a beta of 1.13. Northern Trust Corp. has a 1-year low of $54.38 and a 1-year high of $76.11.
Northern Trust Corp. (NASDAQ:NTRS) last issued its quarterly earnings results on Wednesday, July 20th. The company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.03. The company had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.22 billion. Northern Trust Corp. had a return on equity of 11.38% and a net margin of 19.38%. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period last year, the company earned $1.01 earnings per share. Analysts forecast that Northern Trust Corp. will post $4.23 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Saturday, October 1st. Shareholders of record on Friday, September 2nd were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Wednesday, August 31st. This is a positive change from Northern Trust Corp.’s previous quarterly dividend of $0.36. This represents a $1.52 dividend on an annualized basis and a yield of 2.24%. Northern Trust Corp.’s dividend payout ratio (DPR) is presently 37.53%.
In other Northern Trust Corp. news, EVP Jeffrey D. Cohodes sold 10,000 shares of the firm’s stock in a transaction dated Thursday, September 1st. The stock was sold at an average price of $71.35, for a total transaction of $713,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Biff Bowman sold 2,960 shares of the firm’s stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $70.00, for a total value of $207,200.00. The disclosure for this sale can be found here. Company insiders own 1.90% of the company’s stock.
Large investors have recently made changes to their positions in the company. Financial Architects Inc raised its stake in shares of Northern Trust Corp. by 5,936.0% in the second quarter. Financial Architects Inc now owns 1,509 shares of the company’s stock worth $100,000 after buying an additional 1,484 shares during the last quarter. Global X Management Co. LLC raised its stake in shares of Northern Trust Corp. by 30.8% in the second quarter. Global X Management Co. LLC now owns 1,545 shares of the company’s stock valued at $102,000 after buying an additional 364 shares in the last quarter. Creative Planning raised its stake in shares of Northern Trust Corp. by 61.9% in the second quarter. Creative Planning now owns 1,755 shares of the company’s stock valued at $116,000 after buying an additional 671 shares in the last quarter. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of Northern Trust Corp. during the second quarter valued at about $119,000. Finally, Mizuho Asset Management Co. Ltd. raised its stake in shares of Northern Trust Corp. by 96.6% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 2,766 shares of the company’s stock valued at $183,000 after buying an additional 1,359 shares in the last quarter. Hedge funds and other institutional investors own 81.71% of the company’s stock.
Northern Trust Corp. 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 around the world. The Company’s segments include Corporate & Institutional Services (C&IS), Wealth Management, and Treasury and Other.
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