Northern Trust EVP Unloads $241,512 in Stock (NTRS)
Northern Trust (NASDAQ:NTRS) EVP Jeffrey D. Cohodes sold 3,470 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $69.60, for a total value of $241,512.00. Following the sale, the executive vice president now directly owns 23,155 shares of the company’s stock, valued at approximately $1,611,588. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 assigned a hold rating and two have given a buy rating to the company. Northern Trust presently has a consensus rating of “Hold” and a consensus target price of $65.67.
Northern Trust (NASDAQ:NTRS) traded down 0.14% during mid-day trading on Wednesday, hitting $69.395. 1,304,826 shares of the company’s stock traded hands. Northern Trust has a 1-year low of $52.40 and a 1-year high of $69.87. The stock’s 50-day moving average is $67.01 and its 200-day moving average is $63.52. The company has a market cap of $16.348 billion and a P/E ratio of 22.86.
Northern Trust (NASDAQ:NTRS) last issued its quarterly earnings data 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. On average, analysts predict that Northern Trust will post $3.36 earnings per share for the current fiscal year.
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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