Northern Trust (NASDAQ:NTRS) Price Target Increased to $103.00 by Analysts at Evercore ISI

Northern Trust (NASDAQ:NTRS) had its target price increased by Evercore ISI from $86.00 to $103.00 in a research report sent to investors on Thursday morning, Benzinga reports. They currently have an in-line rating on the asset manager’s stock.

Other equities research analysts have also issued reports about the company. Keefe, Bruyette & Woods dropped their price target on Northern Trust from $92.00 to $85.00 and set a “market perform” rating on the stock in a research report on Thursday, June 27th. Morgan Stanley upped their target price on shares of Northern Trust from $93.00 to $97.00 and gave the stock an “underweight” rating in a research report on Monday, September 30th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Northern Trust from $84.00 to $94.00 and gave the company a “hold” rating in a research report on Monday, September 23rd. UBS Group lifted their target price on shares of Northern Trust from $86.00 to $92.00 and gave the company a “neutral” rating in a report on Tuesday, October 8th. Finally, Royal Bank of Canada upped their price target on Northern Trust from $86.00 to $90.00 and gave the stock an “outperform” rating in a research note on Thursday, July 18th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Northern Trust currently has a consensus rating of “Hold” and a consensus price target of $99.33.

Northern Trust Stock Down 0.4 %

NTRS traded down $0.45 on Thursday, hitting $102.34. The company had a trading volume of 51,234 shares, compared to its average volume of 1,305,197. The stock has a fifty day simple moving average of $90.51 and a 200-day simple moving average of $86.53. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.71 and a quick ratio of 0.71. The firm has a market capitalization of $20.64 billion, a P/E ratio of 14.06, a P/E/G ratio of 1.65 and a beta of 1.08. Northern Trust has a 52-week low of $63.43 and a 52-week high of $104.25.

Northern Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Friday, December 6th will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 2.93%. The ex-dividend date is Friday, December 6th. Northern Trust’s dividend payout ratio is currently 41.04%.

Insider Activity at Northern Trust

In other Northern Trust news, EVP Mark C. Gossett sold 6,000 shares of the company’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $88.90, for a total transaction of $533,400.00. Following the transaction, the executive vice president now owns 28,707 shares in the company, valued at approximately $2,552,052.30. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Teresa Parker sold 5,883 shares of Northern Trust stock in a transaction on Friday, August 9th. The stock was sold at an average price of $84.06, for a total value of $494,524.98. Following the completion of the sale, the executive vice president now owns 83,765 shares of the company’s stock, valued at $7,041,285.90. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Mark C. Gossett sold 6,000 shares of the stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $88.90, for a total value of $533,400.00. Following the completion of the transaction, the executive vice president now directly owns 28,707 shares in the company, valued at approximately $2,552,052.30. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,738 shares of company stock valued at $1,191,388 over the last ninety days. Insiders own 0.64% of the company’s stock.

Institutional Investors Weigh In On Northern Trust

A number of large investors have recently made changes to their positions in NTRS. Olistico Wealth LLC purchased a new position in shares of Northern Trust in the second quarter worth approximately $25,000. Innealta Capital LLC purchased a new position in shares of Northern Trust during the 2nd quarter worth $26,000. Ridgewood Investments LLC bought a new stake in shares of Northern Trust during the 2nd quarter valued at $30,000. Versant Capital Management Inc increased its stake in shares of Northern Trust by 343.9% in the 2nd quarter. Versant Capital Management Inc now owns 435 shares of the asset manager’s stock worth $37,000 after purchasing an additional 337 shares in the last quarter. Finally, Northwest Investment Counselors LLC bought a new position in Northern Trust in the 3rd quarter worth $39,000. 83.19% of the stock is currently owned by 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.