Northern Trust (NASDAQ:NTRS) Price Target Lowered to $105.00 at Citigroup

Northern Trust (NASDAQ:NTRS) had its price objective lowered by Citigroup from $110.00 to $105.00 in a research report released on Monday,Benzinga reports. Citigroup currently has a neutral rating on the asset manager’s stock.

Several other brokerages have also recently weighed in on NTRS. StockNews.com cut Northern Trust from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Barclays raised their price target on Northern Trust from $115.00 to $118.00 and gave the company an “equal weight” rating in a research note on Monday, January 6th. Keefe, Bruyette & Woods increased their price objective on Northern Trust from $113.00 to $122.00 and gave the company a “market perform” rating in a report on Friday, January 24th. Morgan Stanley lowered their target price on shares of Northern Trust from $138.00 to $136.00 and set an “equal weight” rating on the stock in a report on Thursday, March 6th. Finally, The Goldman Sachs Group increased their price target on shares of Northern Trust from $92.00 to $102.00 and gave the company a “sell” rating in a research note on Friday, January 24th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $112.85.

Northern Trust Trading Down 0.2 %

NASDAQ NTRS opened at $101.44 on Monday. The stock has a market capitalization of $19.85 billion, a price-to-earnings ratio of 10.37, a PEG ratio of 1.72 and a beta of 1.07. Northern Trust has a 52 week low of $79.32 and a 52 week high of $114.67. The stock’s 50 day moving average price is $107.35 and its two-hundred day moving average price is $102.73. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.71 and a current ratio of 0.68.

Northern Trust (NASDAQ:NTRS) last announced its earnings results on Thursday, January 23rd. The asset manager reported $2.26 EPS for the quarter, topping the consensus estimate of $1.96 by $0.30. Northern Trust had a net margin of 12.77% and a return on equity of 13.74%. As a group, analysts anticipate that Northern Trust will post 8.27 earnings per share for the current fiscal year.

Northern Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 2.96%. The ex-dividend date of this dividend is Friday, March 14th. Northern Trust’s payout ratio is 30.67%.

Insider Buying and Selling at Northern Trust

In related news, COO Peter Cherecwich sold 26,132 shares of the business’s stock in a transaction on Wednesday, January 29th. The stock was sold at an average price of $112.36, for a total value of $2,936,191.52. Following the completion of the sale, the chief operating officer now directly owns 26,586 shares in the company, valued at $2,987,202.96. The trade was a 49.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Thomas A. South sold 3,804 shares of the stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $113.00, for a total value of $429,852.00. Following the transaction, the executive vice president now owns 81,794 shares in the company, valued at $9,242,722. The trade was a 4.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 35,335 shares of company stock valued at $3,970,211 in the last three months. 0.64% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Northern Trust

Several institutional investors and hedge funds have recently modified their holdings of NTRS. California State Teachers Retirement System boosted its stake in shares of Northern Trust by 1.4% in the fourth quarter. California State Teachers Retirement System now owns 355,732 shares of the asset manager’s stock valued at $36,463,000 after buying an additional 5,022 shares during the period. 111 Capital acquired a new position in Northern Trust in the 4th quarter valued at $503,000. Wealth Enhancement Advisory Services LLC lifted its position in shares of Northern Trust by 25.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 19,800 shares of the asset manager’s stock valued at $2,030,000 after acquiring an additional 3,993 shares during the period. Siemens Fonds Invest GmbH bought a new stake in shares of Northern Trust during the 4th quarter valued at $1,152,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Northern Trust during the 4th quarter worth $26,784,000. 83.19% of the stock is currently owned by institutional investors and hedge funds.

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.