Northern Trust (NASDAQ:NTRS) Price Target Raised to $114.00 at UBS Group

Northern Trust (NASDAQ:NTRS) had its price target boosted by UBS Group from $110.00 to $114.00 in a research report report published on Monday morning,Benzinga reports. They currently have a neutral rating on the asset manager’s stock.

Other equities research analysts have also recently issued research reports about the company. Evercore ISI lifted their price target on Northern Trust from $86.00 to $103.00 and gave the company an “in-line” rating in a report on Thursday, October 24th. The Goldman Sachs Group boosted their price target on Northern Trust from $92.00 to $102.00 and gave the stock a “sell” rating in a research report on Friday, January 24th. Morgan Stanley decreased their price target on Northern Trust from $127.00 to $125.00 and set an “equal weight” rating for the company in a research note on Friday, January 3rd. Keefe, Bruyette & Woods upped their price objective on shares of Northern Trust from $113.00 to $122.00 and gave the stock a “market perform” rating in a report on Friday, January 24th. Finally, Truist Financial raised their target price on shares of Northern Trust from $110.00 to $116.00 and gave the company a “hold” rating in a research note on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $112.58.

Northern Trust Trading Up 0.2 %

Shares of NASDAQ NTRS opened at $112.60 on Monday. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.58. The stock’s 50 day moving average price is $106.04 and its two-hundred day moving average price is $97.09. Northern Trust has a 52-week low of $76.67 and a 52-week high of $113.91. The stock has a market capitalization of $22.32 billion, a P/E ratio of 14.00, a PEG ratio of 1.22 and a beta of 1.08.

Northern Trust (NASDAQ:NTRS) last posted its quarterly earnings results on Thursday, January 23rd. The asset manager reported $2.26 EPS for the quarter, beating the consensus estimate of $1.96 by $0.30. Northern Trust had a net margin of 10.92% and a return on equity of 12.75%. On average, analysts anticipate that Northern Trust will post 7.56 earnings per share for the current fiscal year.

Northern Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be issued a $0.75 dividend. The ex-dividend date is Friday, March 14th. This represents a $3.00 dividend on an annualized basis and a yield of 2.66%. Northern Trust’s dividend payout ratio is currently 37.31%.

Insider Buying and Selling

In related news, Vice Chairman Steven L. Fradkin sold 9,100 shares of the firm’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $111.00, for a total value of $1,010,100.00. Following the transaction, the insider now directly owns 47,797 shares in the company, valued at approximately $5,305,467. This trade represents a 15.99 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Thomas A. South sold 5,000 shares of the business’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $105.80, for a total transaction of $529,000.00. Following the transaction, the executive vice president now directly owns 49,756 shares of the company’s stock, valued at approximately $5,264,184.80. This represents a 9.13 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 30,253 shares of company stock worth $3,238,073. Corporate insiders own 0.64% of the company’s stock.

Hedge Funds Weigh In On Northern Trust

Several large investors have recently made changes to their positions in NTRS. Quent Capital LLC lifted its holdings in shares of Northern Trust by 158.7% during the fourth quarter. Quent Capital LLC now owns 934 shares of the asset manager’s stock worth $96,000 after buying an additional 573 shares during the last quarter. Oceanside Advisors LLC increased its position in Northern Trust by 8.6% during the fourth quarter. Oceanside Advisors LLC now owns 3,803 shares of the asset manager’s stock worth $390,000 after acquiring an additional 300 shares during the period. Cigna Investments Inc. New acquired a new position in Northern Trust during the 4th quarter valued at $207,000. Stiles Financial Services Inc boosted its holdings in Northern Trust by 3.5% in the 4th quarter. Stiles Financial Services Inc now owns 13,549 shares of the asset manager’s stock valued at $1,389,000 after purchasing an additional 453 shares during the period. Finally, Entropy Technologies LP increased its holdings in shares of Northern Trust by 106.2% during the 4th quarter. Entropy Technologies LP now owns 17,094 shares of the asset manager’s stock worth $1,752,000 after purchasing an additional 8,803 shares during the period. Institutional investors and hedge funds own 83.19% of the company’s stock.

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.