Northern Trust (NASDAQ:NTRS) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Northern Trust (NASDAQ:NTRS) from a hold rating to a buy rating in a research note issued to investors on Tuesday.

Several other analysts have also recently weighed in on the company. Wells Fargo & Company lifted their price target on Northern Trust from $92.00 to $108.00 and gave the stock an “equal weight” rating in a report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Northern Trust from $100.00 to $108.00 and gave the company a “hold” rating in a research note on Monday. The Goldman Sachs Group lowered shares of Northern Trust from a “neutral” rating to a “sell” rating and lowered their price target for the stock from $84.00 to $82.00 in a research report on Thursday, September 26th. Evercore ISI increased their target price on shares of Northern Trust from $86.00 to $103.00 and gave the stock an “in-line” rating in a research report on Thursday, October 24th. Finally, Morgan Stanley lifted their price target on shares of Northern Trust from $97.00 to $103.00 and gave the company an “underweight” rating in a research report on Thursday, October 24th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $100.50.

Northern Trust Stock Up 0.2 %

Northern Trust stock opened at $106.95 on Tuesday. Northern Trust has a twelve month low of $69.98 and a twelve month high of $108.53. The stock has a market cap of $21.20 billion, a P/E ratio of 13.30, a P/E/G ratio of 1.22 and a beta of 1.06. The company’s 50-day moving average price is $94.25 and its two-hundred day moving average price is $88.28. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.58.

Northern Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders of record on Friday, December 6th will be paid a dividend of $0.75 per share. The ex-dividend date is Friday, December 6th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.81%. Northern Trust’s payout ratio is presently 37.31%.

Insider Activity at Northern Trust

In other Northern Trust news, Vice Chairman Steven L. Fradkin sold 27,874 shares of the company’s stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $100.50, for a total value of $2,801,337.00. Following the completion of the transaction, the insider now directly owns 46,078 shares in the company, valued at approximately $4,630,839. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Northern Trust news, Vice Chairman Steven L. Fradkin sold 27,874 shares of the stock in a transaction dated 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 completion of the sale, the insider now directly owns 46,078 shares in the company, valued at approximately $4,630,839. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Charles A. Tribbett sold 1,855 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $88.12, for a total value of $163,462.60. Following the sale, the director now owns 1,000 shares in the company, valued at approximately $88,120. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 80,906 shares of company stock valued at $8,176,652 in the last 90 days. 0.64% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Northern Trust

Several hedge funds and other institutional investors have recently modified their holdings of NTRS. Daiwa Securities Group Inc. increased its stake in Northern Trust by 11.1% during the 3rd quarter. Daiwa Securities Group Inc. now owns 24,668 shares of the asset manager’s stock valued at $2,221,000 after purchasing an additional 2,474 shares in the last quarter. Pitcairn Co. increased its position in shares of Northern Trust by 122.4% during the third quarter. Pitcairn Co. now owns 15,951 shares of the asset manager’s stock worth $1,436,000 after acquiring an additional 8,780 shares in the last quarter. Cerity Partners LLC raised its holdings in shares of Northern Trust by 5.2% in the 3rd quarter. Cerity Partners LLC now owns 100,675 shares of the asset manager’s stock worth $9,064,000 after acquiring an additional 4,989 shares during the last quarter. Studio Investment Management LLC lifted its position in Northern Trust by 3.7% in the 3rd quarter. Studio Investment Management LLC now owns 7,627 shares of the asset manager’s stock valued at $692,000 after acquiring an additional 269 shares in the last quarter. Finally, Primecap Management Co. CA lifted its position in Northern Trust by 0.5% in the 3rd quarter. Primecap Management Co. CA now owns 7,085,117 shares of the asset manager’s stock valued at $637,873,000 after acquiring an additional 38,360 shares in the last quarter. Institutional investors 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.