Northern Trust Co. (NASDAQ:NTRS - Get Free Report) EVP Clive Bellows sold 3,300 shares of the stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $99.95, for a total transaction of $329,835.00. Following the completion of the sale, the executive vice president now owns 28,736 shares of the company's stock, valued at approximately $2,872,163.20. This represents a 10.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Northern Trust Trading Up 5.0%
NTRS opened at $105.65 on Tuesday. The company's 50 day moving average is $95.00 and its 200-day moving average is $102.92. Northern Trust Co. has a 1-year low of $79.68 and a 1-year 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 company has a market cap of $20.55 billion, a P/E ratio of 10.80, a PEG ratio of 1.72 and a beta of 1.18.
Northern Trust (NASDAQ:NTRS - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The asset manager reported $1.90 earnings per share for the quarter, beating analysts' consensus estimates of $1.85 by $0.05. Northern Trust had a net margin of 12.77% and a return on equity of 13.74%. The company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.95 billion. Equities research analysts predict that Northern Trust Co. will post 8.27 earnings per share for the current fiscal year.
Northern Trust Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 6th will be given a dividend of $0.75 per share. The ex-dividend date is Friday, June 6th. This represents a $3.00 annualized dividend and a yield of 2.84%. Northern Trust's dividend payout ratio is presently 27.99%.
Analysts Set New Price Targets
NTRS has been the topic of several research analyst reports. Keefe, Bruyette & Woods increased their price objective on shares of Northern Trust from $113.00 to $122.00 and gave the company a "market perform" rating in a research report on Friday, January 24th. Bank of America lowered their price target on shares of Northern Trust from $123.00 to $121.00 and set a "buy" rating on the stock in a research report on Wednesday, April 2nd. Royal Bank of Canada lowered their price target on shares of Northern Trust from $115.00 to $105.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd. UBS Group raised their price target on shares of Northern Trust from $110.00 to $114.00 and gave the stock a "neutral" rating in a research report on Monday, January 27th. Finally, Evercore ISI decreased their target price on shares of Northern Trust from $104.00 to $100.00 and set an "in-line" rating on the stock in a report on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Northern Trust presently has an average rating of "Hold" and a consensus price target of $110.83.
View Our Latest Stock Analysis on NTRS
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the company. Juncture Wealth Strategies LLC raised its holdings in Northern Trust by 2.4% during the 4th quarter. Juncture Wealth Strategies LLC now owns 4,212 shares of the asset manager's stock worth $432,000 after purchasing an additional 100 shares during the last quarter. Ballentine Partners LLC increased its stake in shares of Northern Trust by 4.4% in the 4th quarter. Ballentine Partners LLC now owns 2,483 shares of the asset manager's stock valued at $255,000 after acquiring an additional 105 shares in the last quarter. Pallas Capital Advisors LLC increased its stake in shares of Northern Trust by 1.8% in the 4th quarter. Pallas Capital Advisors LLC now owns 6,091 shares of the asset manager's stock valued at $624,000 after acquiring an additional 107 shares in the last quarter. Ellevest Inc. increased its stake in shares of Northern Trust by 3.4% in the 4th quarter. Ellevest Inc. now owns 3,410 shares of the asset manager's stock valued at $350,000 after acquiring an additional 113 shares in the last quarter. Finally, Bradley Foster & Sargent Inc. CT increased its stake in Northern Trust by 2.4% during the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 4,774 shares of the asset manager's stock valued at $489,000 after purchasing an additional 114 shares in the last quarter. Institutional investors own 83.19% of the company's stock.
Northern Trust Company Profile
(
Get Free Report)
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.
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