Deutsche Bank Aktiengesellschaft Raises Northern Trust (NASDAQ:NTRS) Price Target to $108.00

Northern Trust (NASDAQ:NTRS) had its price objective increased by Deutsche Bank Aktiengesellschaft from $100.00 to $108.00 in a research note published on Monday,Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the asset manager’s stock.

NTRS has been the subject of several other reports. Morgan Stanley increased their price objective on shares of Northern Trust from $97.00 to $103.00 and gave the company an “underweight” rating in a research report on Thursday, October 24th. The Goldman Sachs Group cut shares of Northern Trust from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $84.00 to $82.00 in a report on Thursday, September 26th. Wells Fargo & Company upped their price target on shares of Northern Trust from $92.00 to $108.00 and gave the company an “equal weight” rating in a report on Thursday, October 24th. Royal Bank of Canada upped their price objective on Northern Trust from $100.00 to $107.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Finally, Evercore ISI raised their target price on Northern Trust from $86.00 to $103.00 and gave the company an “in-line” rating in a research report on Thursday, October 24th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Northern Trust presently has an average rating of “Hold” and a consensus price target of $100.50.

Northern Trust Stock Up 0.7 %

Shares of NTRS traded up $0.80 during mid-day trading on Monday, hitting $107.55. The company’s stock had a trading volume of 43,772 shares, compared to its average volume of 1,295,883. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.58. The company’s 50-day moving average is $94.25 and its 200-day moving average is $88.28. Northern Trust has a 52-week low of $69.98 and a 52-week high of $108.53. The firm has a market capitalization of $21.32 billion, a price-to-earnings ratio of 13.28, a PEG ratio of 1.22 and a beta of 1.06.

Northern Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Friday, December 6th will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 2.79%. The ex-dividend date of this dividend is Friday, December 6th. Northern Trust’s payout ratio is presently 37.31%.

Insider Activity at Northern Trust

In other Northern Trust news, Vice Chairman Steven L. Fradkin sold 27,874 shares of Northern Trust stock in a transaction on Friday, October 25th. The stock was sold at an average price of $100.50, for a total value of $2,801,337.00. Following the sale, the insider now owns 46,078 shares in the company, valued at $4,630,839. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Vice Chairman Steven L. Fradkin sold 27,874 shares of the business’s stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $100.50, for a total value of $2,801,337.00. Following the sale, the insider now directly owns 46,078 shares of the company’s stock, valued at approximately $4,630,839. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Thomas A. South sold 5,000 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $105.80, for a total transaction of $529,000.00. Following the transaction, the executive vice president now directly owns 49,756 shares of the company’s stock, valued at $5,264,184.80. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 80,906 shares of company stock worth $8,176,652. Insiders own 0.64% of the company’s stock.

Institutional Investors Weigh In On Northern Trust

Large investors have recently added to or reduced their stakes in the business. Olistico Wealth LLC acquired a new position in shares of Northern Trust in the second quarter worth $25,000. Innealta Capital LLC acquired a new position in Northern Trust during the 2nd quarter worth $26,000. Ridgewood Investments LLC acquired a new position in Northern Trust during the 2nd quarter worth $30,000. Northwest Investment Counselors LLC purchased a new stake in Northern Trust during the 3rd quarter worth about $39,000. Finally, Versant Capital Management Inc boosted its stake in shares of Northern Trust by 343.9% in the 2nd quarter. Versant Capital Management Inc now owns 435 shares of the asset manager’s stock valued at $37,000 after buying an additional 337 shares during the period. 83.19% of the stock is owned by hedge funds and other institutional investors.

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, 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.