BidaskClub lowered shares of Northern Trust (NASDAQ:NTRS) from a hold rating to a sell rating in a research report sent to investors on Wednesday morning, BidAskClub reports.

NTRS has been the subject of several other research reports. Citigroup raised shares of Infosys from a neutral rating to a buy rating in a research note on Friday, July 12th. Deutsche Bank reaffirmed a buy rating and set a GBX 4,000 ($52.27) target price on shares of in a research note on Tuesday, June 18th. Wells Fargo & Co reaffirmed a hold rating and set a $11.00 target price on shares of Coty in a research note on Wednesday, May 8th. Morgan Stanley reissued a top pick rating on shares of in a research note on Wednesday, June 5th. Finally, Bank of America set a $20.00 price objective on shares of Fiat Chrysler Automobiles and gave the company a hold rating in a research note on Thursday, June 6th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company’s stock. Northern Trust presently has an average rating of Hold and a consensus price target of $106.21.

Shares of NASDAQ NTRS opened at $92.86 on Wednesday. Northern Trust has a fifty-two week low of $75.96 and a fifty-two week high of $115.61. The firm’s 50 day simple moving average is $88.94. The company has a market capitalization of $19.84 billion, a P/E ratio of 13.80, a price-to-earnings-growth ratio of 1.76 and a beta of 1.13. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.35.

Northern Trust (NASDAQ:NTRS) last announced its earnings results on Tuesday, April 23rd. The asset manager reported $1.48 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.46 by $0.02. Northern Trust had a net margin of 22.44% and a return on equity of 16.03%. The business had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter last year, the firm earned $1.58 earnings per share. The business’s revenue for the quarter was up .3% on a year-over-year basis. As a group, research analysts forecast that Northern Trust will post 6.54 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Friday, June 14th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.58%. The ex-dividend date of this dividend was Thursday, June 13th. Northern Trust’s payout ratio is 35.66%.

In other news, EVP Robert P. Browne sold 12,156 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $86.88, for a total value of $1,056,113.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Teresa Parker sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $97.50, for a total transaction of $292,500.00. The disclosure for this sale can be found here. Company insiders own 1.15% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Norges Bank purchased a new position in Northern Trust in the fourth quarter worth approximately $133,737,000. American Century Companies Inc. lifted its stake in Northern Trust by 27.9% in the first quarter. American Century Companies Inc. now owns 5,452,010 shares of the asset manager’s stock worth $492,916,000 after acquiring an additional 1,190,787 shares during the last quarter. First Trust Advisors LP lifted its stake in Northern Trust by 438.6% in the first quarter. First Trust Advisors LP now owns 520,929 shares of the asset manager’s stock worth $47,097,000 after acquiring an additional 424,216 shares during the last quarter. FMR LLC lifted its stake in Northern Trust by 4.8% in the first quarter. FMR LLC now owns 8,605,350 shares of the asset manager’s stock worth $778,009,000 after acquiring an additional 394,338 shares during the last quarter. Finally, Deutsche Bank AG lifted its stake in Northern Trust by 33.2% in the fourth quarter. Deutsche Bank AG now owns 766,941 shares of the asset manager’s stock worth $64,102,000 after acquiring an additional 191,224 shares during the last quarter. 78.82% of the stock is owned by institutional investors and hedge funds.

About Northern Trust

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, Corporate & Institutional Services (C&IS) and Wealth Management.

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Analyst Recommendations for Northern Trust (NASDAQ:NTRS)

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