Northern Trust (NASDAQ:NTRS)‘s stock had its “buy” rating reaffirmed by analysts at Royal Bank of Canada in a research report issued on Wednesday.
Other research analysts have also recently issued reports about the stock. Bank of America lifted their target price on shares of Northern Trust from $112.00 to $116.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Vining Sparks reaffirmed a “buy” rating and issued a $118.00 target price on shares of Northern Trust in a report on Wednesday, January 24th. Zacks Investment Research raised shares of Northern Trust from a “hold” rating to a “buy” rating and set a $110.00 target price for the company in a report on Tuesday, December 19th. BidaskClub raised shares of Northern Trust from a “hold” rating to a “buy” rating in a report on Saturday, January 13th. Finally, Goldman Sachs raised shares of Northern Trust from a “neutral” rating to a “buy” rating and set a $121.00 target price for the company in a report on Monday, April 2nd. One analyst has rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $109.44.
Shares of Northern Trust stock opened at $106.45 on Wednesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.71 and a quick ratio of 0.71. The stock has a market capitalization of $23,661.27, a price-to-earnings ratio of 22.04, a PEG ratio of 1.37 and a beta of 0.95. Northern Trust has a 52-week low of $85.22 and a 52-week high of $110.81.
Northern Trust (NASDAQ:NTRS) last issued its earnings results on Tuesday, April 17th. The asset manager reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.16. The business had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Northern Trust had a net margin of 20.98% and a return on equity of 12.77%. The business’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.09 earnings per share. research analysts predict that Northern Trust will post 6.13 EPS for the current year.
In other news, Vice Chairman Stephen N. Potter sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $106.14, for a total transaction of $1,061,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Dean M. Harrison acquired 1,000 shares of the firm’s stock in a transaction dated 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 over the last three months. 1.04% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its position in Northern Trust by 1.3% during the third quarter. Dimensional Fund Advisors LP now owns 973,397 shares of the asset manager’s stock valued at $89,484,000 after buying an additional 12,322 shares during the period. Wells Fargo & Company MN grew its position in Northern Trust by 8.3% during the fourth quarter. Wells Fargo & Company MN now owns 2,106,085 shares of the asset manager’s stock valued at $210,376,000 after buying an additional 160,702 shares during the period. Toronto Dominion Bank grew its position in Northern Trust by 13.5% during the fourth quarter. Toronto Dominion Bank now owns 92,652 shares of the asset manager’s stock valued at $9,255,000 after buying an additional 11,025 shares during the period. Aurora Investment Counsel bought a new stake in Northern Trust during the fourth quarter valued at approximately $2,161,000. Finally, SG Americas Securities LLC grew its position in Northern Trust by 127.7% during the fourth quarter. SG Americas Securities LLC now owns 50,447 shares of the asset manager’s stock valued at $5,039,000 after buying an additional 28,291 shares during the period. 79.77% of the stock is owned by hedge funds and other institutional investors.
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Northern Trust Company Profile
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.
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