Northern Trust (NASDAQ:NTRS) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of Northern Trust (NASDAQ:NTRS) from a hold rating to a buy rating in a research report report published on Tuesday morning.

A number of other research analysts also recently issued reports on NTRS. Royal Bank of Canada boosted their target price on shares of Northern Trust from $100.00 to $107.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. UBS Group boosted their price objective on Northern Trust from $86.00 to $92.00 and gave the company a “neutral” rating in a report on Tuesday, October 8th. The Goldman Sachs Group lowered Northern Trust from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $84.00 to $82.00 in a report on Thursday, September 26th. Barclays boosted their price target on Northern Trust from $98.00 to $115.00 and gave the company an “equal weight” rating in a report on Thursday, October 24th. Finally, Evercore ISI raised their price objective 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. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Northern Trust currently has a consensus rating of “Hold” and a consensus price target of $105.00.

Northern Trust Stock Performance

NTRS opened at $108.15 on Tuesday. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.58. Northern Trust has a 12-month low of $76.67 and a 12-month high of $111.87. The firm has a 50 day moving average of $101.95 and a two-hundred day moving average of $91.68. The firm has a market capitalization of $21.44 billion, a PE ratio of 13.45, a P/E/G ratio of 1.21 and a beta of 1.07.

Northern Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Friday, December 6th will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.77%. Northern Trust’s dividend payout ratio is currently 37.31%.

Insider Activity at Northern Trust

In other Northern Trust news, Director Charles A. Tribbett sold 1,855 shares of the firm’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $88.12, for a total value of $163,462.60. Following the transaction, the director now owns 1,000 shares in the company, valued at approximately $88,120. This trade represents a 64.97 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Vice Chairman Steven L. Fradkin sold 27,874 shares of the company’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $100.50, for a total transaction of $2,801,337.00. Following 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 three months, insiders have sold 84,006 shares of company stock valued at $8,653,352. 0.64% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Innealta Capital LLC purchased a new position in Northern Trust during the second quarter worth approximately $26,000. Ridgewood Investments LLC acquired a new stake in shares of Northern Trust in the 2nd quarter worth $30,000. Northwest Investment Counselors LLC purchased a new position in shares of Northern Trust during the 3rd quarter worth $39,000. Capital Performance Advisors LLP acquired a new position in shares of Northern Trust during the 3rd quarter valued at about $48,000. Finally, Eastern Bank purchased a new stake in shares of Northern Trust in the third quarter valued at about $51,000. 83.19% of the stock is owned by hedge funds and other institutional investors.

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.