Sandler O’Neill Reiterates “Hold” Rating for Northern Trust (NTRS)

Sandler O’Neill reissued their hold rating on shares of Northern Trust (NASDAQ:NTRS) in a report issued on Monday morning. The brokerage currently has a $108.00 price target on the asset manager’s stock.

Several other equities analysts also recently issued reports on NTRS. Jefferies Group reissued a buy rating and set a $122.00 price objective on shares of Northern Trust in a research note on Friday, April 6th. Keefe, Bruyette & Woods reissued a hold rating and set a $108.00 price objective on shares of Northern Trust in a research note on Thursday, April 5th. Deutsche Bank upped their price objective on shares of Northern Trust from $109.00 to $111.00 and gave the company a hold rating in a research note on Friday, April 6th. Vining Sparks reissued a buy rating and set a $118.00 price objective on shares of Northern Trust in a research note on Wednesday, January 24th. Finally, Morgan Stanley upped their price objective on shares of Northern Trust from $104.00 to $110.00 and gave the company an underweight rating in a research note on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the stock. Northern Trust currently has an average rating of Hold and a consensus target price of $109.44.

Shares of NASDAQ NTRS opened at $105.04 on Monday. Northern Trust has a 12-month low of $84.93 and a 12-month high of $110.81. The stock has a market capitalization of $23,079.27, a price-to-earnings ratio of 21.23, a price-to-earnings-growth ratio of 1.34 and a beta of 0.95. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.35.



Northern Trust (NASDAQ:NTRS) last announced its quarterly earnings results on Wednesday, January 24th. The asset manager reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.05. The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 15.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.11 earnings per share. equities analysts predict that Northern Trust will post 6.13 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Sunday, April 1st. Investors of record on Friday, March 9th were given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 1.60%. The ex-dividend date was Thursday, March 8th. Northern Trust’s dividend payout ratio (DPR) is 34.78%.

In related news, insider Jeffrey D. Cohodes sold 30,917 shares of the company’s stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $105.29, for a total transaction of $3,255,250.93. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dean M. Harrison purchased 1,000 shares of the company’s stock in a transaction that occurred on Saturday, December 15th. The shares were bought at an average cost of $72.98 per share, with a total value of $72,980.00. The disclosure for this purchase can be found here. Insiders have sold 189,459 shares of company stock valued at $20,188,431 in the last ninety days. 1.04% of the stock is currently owned by company insiders.

A number of hedge funds have recently modified their holdings of the stock. Raymond James Trust N.A. increased its position in shares of Northern Trust by 15.9% in the fourth quarter. Raymond James Trust N.A. now owns 3,629 shares of the asset manager’s stock worth $362,000 after acquiring an additional 498 shares in the last quarter. Steward Partners Investment Advisory LLC increased its position in shares of Northern Trust by 18.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,232 shares of the asset manager’s stock worth $322,000 after acquiring an additional 500 shares in the last quarter. OLD National Bancorp IN increased its position in shares of Northern Trust by 7.7% in the fourth quarter. OLD National Bancorp IN now owns 7,010 shares of the asset manager’s stock worth $701,000 after acquiring an additional 500 shares in the last quarter. Standard Life Aberdeen plc increased its position in shares of Northern Trust by 0.9% in the fourth quarter. Standard Life Aberdeen plc now owns 56,584 shares of the asset manager’s stock worth $5,653,000 after acquiring an additional 515 shares in the last quarter. Finally, Cornerstone Advisors Inc. increased its position in shares of Northern Trust by 30.6% in the fourth quarter. Cornerstone Advisors Inc. now owns 2,324 shares of the asset manager’s stock worth $232,000 after acquiring an additional 545 shares in the last quarter. 79.74% of the stock is owned by hedge funds and other institutional investors.

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About Northern Trust

Northern Trust Corporation, a financial holding company, provides asset servicing, fund administration, asset management, fiduciary, and banking solutions for corporations, institutions, families, and individuals worldwide. It operates through Corporate & Institutional Services (C&IS) and Wealth Management segments.

Analyst Recommendations for Northern Trust (NASDAQ:NTRS)

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