Northern Trust Co. (NASDAQ:NTRS) EVP Thomas A. South Sells 3,804 Shares

Northern Trust Co. (NASDAQ:NTRS) EVP Thomas A. South sold 3,804 shares of the stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 81,794 shares of the company’s stock, valued at approximately $9,242,722. The trade was a 4.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Northern Trust Trading Down 0.2 %

Shares of NASDAQ:NTRS traded down $0.22 during midday trading on Thursday, hitting $113.53. The company had a trading volume of 1,945,585 shares, compared to its average volume of 1,210,718. Northern Trust Co. has a 12 month low of $78.96 and a 12 month high of $114.67. The company has a current ratio of 0.68, a quick ratio of 0.71 and a debt-to-equity ratio of 0.58. The stock has a market cap of $22.50 billion, a price-to-earnings ratio of 11.61, a PEG ratio of 1.73 and a beta of 1.08. The firm has a fifty day simple moving average of $106.92 and a 200 day simple moving average of $99.76.

Northern Trust (NASDAQ:NTRS) last issued its quarterly earnings data 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 return on equity of 13.74% and a net margin of 12.77%. On average, analysts predict that Northern Trust Co. will post 8.25 EPS for the current year.

Northern Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 2.64%. The ex-dividend date is Friday, March 14th. Northern Trust’s payout ratio is presently 30.67%.

Institutional Trading of Northern Trust

Several hedge funds have recently added to or reduced their stakes in NTRS. Exchange Traded Concepts LLC raised its stake in Northern Trust by 912.4% during the 3rd quarter. Exchange Traded Concepts LLC now owns 1,144 shares of the asset manager’s stock worth $103,000 after buying an additional 1,031 shares during the period. Creative Planning raised its stake in shares of Northern Trust by 4.1% in the 3rd quarter. Creative Planning now owns 24,582 shares of the asset manager’s stock valued at $2,213,000 after purchasing an additional 968 shares during the period. Blue Trust Inc. raised its stake in shares of Northern Trust by 135.8% in the 3rd quarter. Blue Trust Inc. now owns 2,839 shares of the asset manager’s stock valued at $238,000 after purchasing an additional 1,635 shares during the period. Northwest Investment Counselors LLC acquired a new stake in shares of Northern Trust in the 3rd quarter valued at about $39,000. Finally, Sequoia Financial Advisors LLC raised its stake in shares of Northern Trust by 4.0% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 32,305 shares of the asset manager’s stock valued at $2,909,000 after purchasing an additional 1,237 shares during the period. Institutional investors and hedge funds own 83.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Barclays increased their target price on Northern Trust from $115.00 to $118.00 and gave the stock an “equal weight” rating in a report on Monday, January 6th. Deutsche Bank Aktiengesellschaft increased their target price on Northern Trust from $100.00 to $108.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Wells Fargo & Company increased their price target on Northern Trust from $108.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Friday, November 15th. Truist Financial increased their price target on Northern Trust from $110.00 to $116.00 and gave the stock a “hold” rating in a research report on Friday, January 24th. Finally, Bank of America increased their price target on Northern Trust from $103.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $112.58.

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.