Northern Trust Co. (NASDAQ:NTRS) Receives $100.67 Consensus Target Price from Brokerages

Shares of Northern Trust Co. (NASDAQ:NTRS) have been assigned a consensus recommendation of “Hold” from the twelve brokerages that are presently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $100.67.

NTRS has been the topic of a number of research reports. Bank of America boosted their target price on shares of Northern Trust from $103.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, October 24th. The Goldman Sachs Group lowered shares of Northern Trust from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $84.00 to $82.00 in a research note on Thursday, September 26th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Northern Trust from $100.00 to $108.00 and gave the company a “hold” rating in a research note on Monday, November 11th. Morgan Stanley boosted their price target on Northern Trust from $97.00 to $103.00 and gave the stock an “underweight” rating in a research report on Thursday, October 24th. Finally, Wells Fargo & Company upped their price target on Northern Trust from $108.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Friday, November 15th.

Insiders Place Their Bets

In other news, Director Charles A. Tribbett sold 1,855 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $88.12, for a total transaction of $163,462.60. Following the transaction, the director now directly owns 1,000 shares of the company’s stock, valued at $88,120. This represents a 64.97 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Vice Chairman Steven L. Fradkin sold 27,874 shares of Northern Trust stock in a transaction on Friday, October 25th. The stock was sold at an average price of $100.50, for a total value of $2,801,337.00. Following the completion of the sale, the insider now directly owns 46,078 shares of the company’s stock, valued at $4,630,839. The trade was a 37.69 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 74,906 shares of company stock valued at $7,643,252. 0.64% of the stock is owned by insiders.

Institutional Trading of Northern Trust

Large investors have recently added to or reduced their stakes in the business. Olistico Wealth LLC bought a new stake in shares of Northern Trust during the 2nd quarter valued at $25,000. Innealta Capital LLC purchased a new position in Northern Trust during the second quarter valued at $26,000. Ridgewood Investments LLC bought a new stake in Northern Trust during the second quarter valued at about $30,000. Versant Capital Management Inc increased its position in Northern Trust by 343.9% in the second quarter. Versant Capital Management Inc now owns 435 shares of the asset manager’s stock worth $37,000 after buying an additional 337 shares in the last quarter. Finally, Northwest Investment Counselors LLC bought a new position in shares of Northern Trust in the third quarter worth about $39,000. 83.19% of the stock is currently owned by institutional investors.

Northern Trust Trading Up 0.2 %

NASDAQ NTRS opened at $110.75 on Wednesday. The firm has a market capitalization of $21.95 billion, a PE ratio of 13.77, a P/E/G ratio of 1.23 and a beta of 1.06. The stock’s 50 day moving average is $98.58 and its 200 day moving average is $90.13. Northern Trust has a twelve month low of $75.68 and a twelve month high of $111.19. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.58.

Northern Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Investors of record on Friday, December 6th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $3.00 annualized dividend and a dividend yield of 2.71%. Northern Trust’s dividend payout ratio (DPR) is presently 37.31%.

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, Asset Servicing and Wealth Management. The Asset Servicing segment offers asset servicing and related services, including custody, fund administration, investment operations outsourcing, investment management, investment risk and analytical services, employee benefit services, securities lending, foreign exchange, treasury management, brokerage services, transition management services, banking, and cash management services.