Jefferies Group reaffirmed their hold rating on shares of Northern Trust Corp. (NASDAQ:NTRS) in a research note issued to investors on Monday morning. They currently have a $77.00 price objective on the stock.

A number of other equities analysts also recently weighed in on the stock. Goldman Sachs Group Inc. downgraded shares of Northern Trust Corp. from a buy rating to a neutral rating and dropped their price target for the stock from $82.00 to $71.00 in a research note on Thursday, July 7th. Zacks Investment Research raised shares of Northern Trust Corp. from a hold rating to a buy rating and set a $78.00 price target on the stock in a research note on Wednesday, October 5th. Deutsche Bank AG set a $71.00 price target on shares of Northern Trust Corp. and gave the stock a hold rating in a research note on Friday, August 5th. Credit Agricole SA upped their price target on shares of Northern Trust Corp. from $70.00 to $73.00 and gave the stock an underperform rating in a research note on Friday, September 23rd. Finally, Citigroup Inc. raised shares of Northern Trust Corp. from a sell rating to a neutral rating and set a $66.00 price target on the stock in a research note on Tuesday, June 28th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $72.27.

Shares of Northern Trust Corp. (NASDAQ:NTRS) traded down 0.72% during mid-day trading on Monday, hitting $71.55. The stock had a trading volume of 198,501 shares. Northern Trust Corp. has a one year low of $54.38 and a one year high of $76.11. The firm’s 50 day moving average price is $69.36 and its 200-day moving average price is $68.77. The company has a market cap of $16.21 billion, a PE ratio of 17.68 and a beta of 1.13.

Northern Trust Corp. (NASDAQ:NTRS) last posted its quarterly earnings results on Wednesday, July 20th. The company reported $1.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.06 by $0.03. Northern Trust Corp. had a net margin of 19.38% and a return on equity of 11.38%. The business had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the prior year, the business posted $1.01 earnings per share. Northern Trust Corp.’s revenue for the quarter was up 4.8% compared to the same quarter last year. On average, equities research analysts anticipate that Northern Trust Corp. will post $4.24 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Saturday, October 1st. Stockholders of record on Friday, September 2nd were paid a dividend of $0.38 per share. This is a boost from Northern Trust Corp.’s previous quarterly dividend of $0.36. This represents a $1.52 annualized dividend and a dividend yield of 2.11%. The ex-dividend date of this dividend was Wednesday, August 31st. Northern Trust Corp.’s dividend payout ratio is 37.53%.

In other news, insider Clair Joyce St sold 48,110 shares of the stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $67.02, for a total transaction of $3,224,332.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, President William L. Morrison sold 170,563 shares of the stock in a transaction that occurred on Friday, August 5th. The shares were sold at an average price of $67.36, for a total transaction of $11,489,123.68. The disclosure for this sale can be found here. Insiders own 1.90% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in NTRS. Financial Architects Inc boosted its stake in Northern Trust Corp. by 5,936.0% in the second quarter. Financial Architects Inc now owns 1,509 shares of the company’s stock valued at $100,000 after buying an additional 1,484 shares during the period. Global X Management Co. LLC boosted its stake in Northern Trust Corp. by 30.8% in the second quarter. Global X Management Co. LLC now owns 1,545 shares of the company’s stock valued at $102,000 after buying an additional 364 shares during the period. Creative Planning boosted its stake in Northern Trust Corp. by 61.9% in the second quarter. Creative Planning now owns 1,755 shares of the company’s stock valued at $116,000 after buying an additional 671 shares during the period. Fuller & Thaler Asset Management Inc. bought a new stake in Northern Trust Corp. during the second quarter valued at approximately $119,000. Finally, Mizuho Asset Management Co. Ltd. boosted its stake in Northern Trust Corp. by 96.6% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 2,766 shares of the company’s stock valued at $183,000 after buying an additional 1,359 shares during the period. 81.71% of the stock is currently owned by institutional investors and hedge funds.

Northern Trust Corp. Company Profile

Northern Trust Corporation is a financial holding company. The Company provides asset servicing, fund administration, asset management, fiduciary and banking solutions for corporations, institutions, families and individuals around the world. The Company’s segments include Corporate & Institutional Services (C&IS), Wealth Management, and Treasury and Other.

5 Day Chart for NASDAQ:NTRS

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