Northern Trust EVP Clair Joyce St Sells 5,000 Shares (NTRS)
Northern Trust (NASDAQ:NTRS) EVP Clair Joyce St unloaded 5,000 shares of Northern Trust stock on the open market in a transaction that occurred on Wednesday, July 30th. The stock was sold at an average price of $68.00, for a total transaction of $340,000.00. Following the completion of the transaction, the executive vice president now directly owns 27,205 shares in the company, valued at approximately $1,849,940. The transaction was disclosed in a document filed with the SEC, which is available at this link.
NTRS has been the subject of a number of recent research reports. 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 equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $65.67.
Northern Trust (NASDAQ:NTRS) traded down 1.12% on Friday, hitting $66.14. The stock had a trading volume of 1,293,191 shares. Northern Trust has a one year low of $52.40 and a one year high of $68.11. The stock has a 50-day moving average of $64.76 and a 200-day moving average of $62.42. The company has a market cap of $15.582 billion and a P/E ratio of 22.00.
Northern Trust (NASDAQ:NTRS) last announced its earnings results on Wednesday, July 16th. The company reported $0.87 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.78 earnings per share. The company’s quarterly revenue was up 6.0% on a year-over-year basis. 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.
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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