Short Interest in Northern Trust Co. (NASDAQ:NTRSO) Declines By 27.5%

Northern Trust Co. (NASDAQ:NTRSO) was the target of a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 6,600 shares, a decline of 27.5% from the February 13th total of 9,100 shares. Based on an average daily trading volume, of 43,500 shares, the short-interest ratio is currently 0.2 days.

Northern Trust Price Performance

Shares of NASDAQ NTRSO traded down $0.02 during midday trading on Tuesday, reaching $20.14. 34,869 shares of the company traded hands, compared to its average volume of 28,983. The stock has a 50-day moving average price of $20.43 and a 200 day moving average price of $21.45. Northern Trust has a 52 week low of $19.55 and a 52 week high of $24.29.

Northern Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Saturday, March 15th will be issued a $0.2938 dividend. This represents a $1.18 annualized dividend and a dividend yield of 5.83%. The ex-dividend date is Friday, March 14th.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Northern Trust stock. 10Elms LLP acquired a new stake in shares of Northern Trust Co. (NASDAQ:NTRSO) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 15,400 shares of the company’s stock, valued at approximately $310,000.

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.