Northern Trust (NASDAQ:NTRS) Hits New 12-Month High – What’s Next?

Northern Trust Co. (NASDAQ:NTRS) shares reached a new 52-week high during trading on Monday . The stock traded as high as $110.39 and last traded at $109.75, with a volume of 40722 shares. The stock had previously closed at $109.46.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on NTRS shares. 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. Deutsche Bank Aktiengesellschaft upped their target price on shares of Northern Trust from $100.00 to $108.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Royal Bank of Canada lifted their price target on Northern Trust from $100.00 to $107.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. StockNews.com upgraded shares of Northern Trust from a “hold” rating to a “buy” rating in a research report on Tuesday, November 12th. Finally, Evercore ISI boosted their price target on shares of Northern Trust from $86.00 to $103.00 and gave the stock an “in-line” rating in a research note on Thursday, October 24th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $100.67.

Northern Trust Stock Up 0.6 %

The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.71 and a current ratio of 0.71. The stock’s 50-day moving average price is $97.76 and its two-hundred day moving average price is $89.79. The stock has a market capitalization of $21.82 billion, a PE ratio of 13.61, a P/E/G ratio of 1.23 and a beta of 1.06.

Northern Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Friday, December 6th will be issued a dividend of $0.75 per share. The ex-dividend date is Friday, December 6th. This represents a $3.00 annualized dividend and a dividend yield of 2.73%. Northern Trust’s payout ratio is 37.31%.

Insider Buying and Selling

In other news, EVP Thomas A. South sold 5,000 shares of Northern Trust stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $105.80, for a total value of $529,000.00. Following the completion of the transaction, the executive vice president now owns 49,756 shares of the company’s stock, valued at $5,264,184.80. The trade was a 9.13 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Charles A. Tribbett sold 1,855 shares of the stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $88.12, for a total transaction of $163,462.60. Following the sale, the director now directly owns 1,000 shares in the company, valued at $88,120. This trade represents a 64.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 80,906 shares of company stock worth $8,176,652 in the last 90 days. Insiders own 0.64% of the company’s stock.

Institutional Trading of Northern Trust

A number of institutional investors have recently made changes to their positions in the stock. Olistico Wealth LLC bought a new stake in shares of Northern Trust in the second quarter worth $25,000. Innealta Capital LLC bought a new stake in Northern Trust during the second quarter valued at approximately $26,000. Ridgewood Investments LLC purchased a new stake in Northern Trust during the second quarter valued at approximately $30,000. Versant Capital Management Inc raised 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 acquiring an additional 337 shares during the period. Finally, Northwest Investment Counselors LLC purchased a new position in shares of Northern Trust during the 3rd quarter worth $39,000. Hedge funds and other institutional investors own 83.19% of the company’s stock.

About Northern Trust

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.