Several other research analysts also recently issued reports on the stock. Morgan Stanley reiterated a “top pick” rating on shares of in a research report on Wednesday, June 5th. Zacks Investment Research upgraded shares of HANNOVER RUECK/S from a “sell” rating to a “hold” rating in a research report on Friday, May 17th. ValuEngine upgraded shares of Zynerba Pharmaceuticals from a “sell” rating to a “hold” rating in a research report on Monday, April 1st. Wells Fargo & Co reaffirmed a “hold” rating and issued a $11.00 price target on shares of Coty in a research note on Wednesday, May 8th. Finally, Buckingham Research increased their target price on Frontdoor from $37.00 to $44.00 and gave the stock a “buy” rating in a research note on Thursday, March 14th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company. Northern Trust currently has a consensus rating of “Hold” and an average target price of $107.00.
NASDAQ NTRS opened at $91.34 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.63 and a quick ratio of 0.63. The firm has a market capitalization of $19.88 billion, a PE ratio of 13.84, a PEG ratio of 1.42 and a beta of 1.13. The company has a 50 day simple moving average of $88.87. Northern Trust has a 12-month low of $75.96 and a 12-month high of $115.61.
Northern Trust (NASDAQ:NTRS) last issued its quarterly earnings data on Tuesday, April 23rd. The asset manager reported $1.48 earnings per share for the quarter, topping 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 analysts’ expectations of $1.47 billion. During the same period in the previous year, the company earned $1.58 earnings per share. Northern Trust’s revenue for the quarter was up .3% on a year-over-year basis. On average, analysts expect that Northern Trust will post 6.53 EPS for the current fiscal year.
In other Northern Trust news, EVP Robert P. Browne sold 12,156 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $86.88, for a total value of $1,056,113.28. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Teresa Parker sold 3,000 shares of the company’s stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $97.50, for a total value of $292,500.00. The disclosure for this sale can be found here. 1.15% of the stock is owned by insiders.
Institutional investors have recently made changes to their positions in the stock. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in shares of Northern Trust during the 4th quarter valued at $366,000. Legal & General Group Plc grew its position in Northern Trust by 5.0% during the 4th quarter. Legal & General Group Plc now owns 986,183 shares of the asset manager’s stock worth $82,436,000 after acquiring an additional 47,277 shares during the last quarter. NuWave Investment Management LLC bought a new position in Northern Trust during the 1st quarter worth approximately $72,000. Speece Thorson Capital Group Inc. grew its position in Northern Trust by 14.0% during the 1st quarter. Speece Thorson Capital Group Inc. now owns 147,120 shares of the asset manager’s stock worth $13,301,000 after acquiring an additional 18,084 shares during the last quarter. Finally, Trust Department MB Financial Bank N A grew its position in Northern Trust by 14.7% during the 1st quarter. Trust Department MB Financial Bank N A now owns 1,625 shares of the asset manager’s stock worth $147,000 after acquiring an additional 208 shares during the last quarter. Institutional investors and hedge funds own 78.77% of the company’s stock.
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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