Insider Selling: Northern Trust COO Sells 8,878 Shares of Stock (NTRS)
Northern Trust (NASDAQ:NTRS) COO Jana R. Schreuder sold 8,878 shares of the company’s stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $68.00, for a total transaction of $603,704.00. Following the sale, the chief operating officer now directly owns 38,990 shares in the company, valued at approximately $2,651,320. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Northern Trust (NASDAQ:NTRS) traded down 1.12% during mid-day trading on Friday, hitting $66.14. The stock had a trading volume of 1,293,191 shares. Northern Trust has a 52-week low of $52.40 and a 52-week high of $68.11. The stock’s 50-day moving average is $64.76 and its 200-day moving average is $62.42. The company has a market cap of $15.582 billion and a price-to-earnings ratio of 22.00.
Northern Trust (NASDAQ:NTRS) last posted its quarterly earnings results on Wednesday, July 16th. The company reported $0.87 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.84 by $0.03. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter last year, the company posted $0.78 earnings per share. Northern Trust’s revenue was up 6.0% compared to the same quarter last year. Analysts expect that Northern Trust will post $3.36 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 1st. Shareholders of record on Friday, September 5th will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date of this dividend is Wednesday, September 3rd.
A number of analysts have recently weighed in on NTRS shares. Analysts at JPMorgan Chase & Co. upgraded shares of Northern Trust from an “underweight” rating to a “neutral” rating in a research note on Friday, July 25th. They now have a $67.00 price target on the stock, up previously from $59.50. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Northern Trust in a research note on Thursday, July 17th. They now have a $68.00 price target on the stock. Finally, analysts at Barclays reiterated an “equal weight” rating on shares of Northern Trust in a research note on Thursday, July 17th. They now have a $68.00 price target on the stock, up previously from $66.00. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the stock. Northern Trust currently has a consensus rating of “Hold” and a consensus price target of $65.67.
Northern Trust Corporation is a financial holding company that is a provider of asset servicing, fund administration, asset management, fiduciary and banking solutions for corporations, institutions, families and individuals worldwide.
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