Published On: Fri, Sep 9th, 2016

Deutsche Bank AG Boosts Northern Trust Corp. (NTRS) Price Target to $76.00

Northern Trust Corp. (NASDAQ:NTRS) had its price target boosted by investment analysts at Deutsche Bank AG from $75.00 to $76.00 in a research note issued on Friday. The firm presently has a “hold” rating on the stock. Deutsche Bank AG’s price objective would suggest a potential upside of 8.84% from the stock’s current price.
A number of other brokerages have also weighed in on NTRS. Jefferies Group reissued a “hold” rating and issued a $71.00 target price (up previously from $68.00) on shares of Northern Trust Corp. in a research report on Sunday, July 24th. Zacks Investment Research raised Northern Trust Corp. from a “sell” rating to a “hold” rating in a research report on Friday, July 22nd. Credit Suisse Group AG set a $68.00 target price on Northern Trust Corp. and gave the stock a “hold” rating in a research report on Wednesday, July 20th. Barclays PLC reissued a “hold” rating on shares of Northern Trust Corp. in a research report on Saturday, July 9th. Finally, JPMorgan Chase & Co. reissued a “hold” rating and issued a $72.50 target price on shares of Northern Trust Corp. in a research report on Thursday, June 9th. Eleven investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $71.88.
Northern Trust Corp. (NASDAQ:NTRS) traded up 0.01% during trading on Friday, hitting $69.84. 212,984 shares of the stock were exchanged. The firm has a market capitalization of $15.83 billion, a price-to-earnings ratio of 17.25 and a beta of 1.13. Northern Trust Corp. has a 1-year low of $54.38 and a 1-year high of $76.11. The company has a 50-day moving average price of $68.56 and a 200 day moving average price of $67.82.

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Northern Trust Corp. (NASDAQ:NTRS) last posted its quarterly earnings results on Wednesday, July 20th. The company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.03. The company earned $1.32 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the prior year, the firm earned $1.01 EPS. Northern Trust Corp.’s revenue for the quarter was up 4.8% compared to the same quarter last year. Equities analysts predict that Northern Trust Corp. will post $4.23 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Saturday, October 1st. Shareholders of record on Friday, September 2nd will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.18%. This is an increase from Northern Trust Corp.’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Wednesday, August 31st. Northern Trust Corp.’s dividend payout ratio is presently 37.53%.
In other Northern Trust Corp. news, EVP Robert P. Browne sold 11,455 shares of the company’s stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $69.16, for a total value of $792,227.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Biff Bowman sold 2,960 shares of the company’s stock in a transaction that occurred on Wednesday, September 7th. The stock was sold at an average price of $70.00, for a total value of $207,200.00. The disclosure for this sale can be found here. 1.90% of the stock is owned by company insiders.
A number of hedge funds and institutional investors have bought and sold shares of the company. Financial Architects Inc increased its position 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 last quarter. Creative Planning increased its position 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 last quarter. IFP Advisors Inc increased its position in Northern Trust Corp. by 254.4% in the first quarter. IFP Advisors Inc now owns 3,399 shares of the company’s stock valued at $222,000 after buying an additional 2,440 shares during the last quarter. Raymond James Trust N.A. increased its position in Northern Trust Corp. by 5.9% in the second quarter. Raymond James Trust N.A. now owns 3,663 shares of the company’s stock valued at $243,000 after buying an additional 204 shares during the last quarter. Finally, Bancorpsouth Inc. increased its position in Northern Trust Corp. by 7.4% in the first quarter. Bancorpsouth Inc. now owns 3,737 shares of the company’s stock valued at $244,000 after buying an additional 257 shares during the last quarter. Institutional investors and hedge funds own 82.08% of the company’s stock.
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.

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