Northern Trust Corporation (NASDAQ:NTRS) COO Jana R. Schreuder sold 5,538 shares of Northern Trust Corporation stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $88.33, for a total value of $489,171.54. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Shares of Northern Trust Corporation (NASDAQ:NTRS) traded down 0.79% during trading on Monday, hitting $88.29. The company had a trading volume of 645,804 shares. The firm has a market capitalization of $20.17 billion, a P/E ratio of 20.04 and a beta of 0.92. Northern Trust Corporation has a 52-week low of $66.39 and a 52-week high of $99.30. The stock’s 50-day moving average is $93.88 and its 200 day moving average is $89.09.

Northern Trust Corporation (NASDAQ:NTRS) last announced its quarterly earnings data on Wednesday, July 19th. The asset manager reported $1.18 EPS for the quarter, missing the Zacks’ consensus estimate of $1.23 by $0.05. The firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.33 billion. Northern Trust Corporation had a net margin of 20.21% and a return on equity of 12.08%. Northern Trust Corporation’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.09 EPS. Equities research analysts predict that Northern Trust Corporation will post $4.72 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, October 1st. Investors of record on Friday, September 1st will be given a $0.42 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $1.68 dividend on an annualized basis and a yield of 1.90%. This is an increase from Northern Trust Corporation’s previous quarterly dividend of $0.38. Northern Trust Corporation’s dividend payout ratio (DPR) is presently 34.55%.

Northern Trust Corporation announced that its Board of Directors has approved a share buyback plan on Wednesday, June 28th that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the asset manager to reacquire up to 3.4% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

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NTRS has been the subject of a number of recent research reports. Jefferies Group LLC upgraded Northern Trust Corporation from a “hold” rating to a “buy” rating and lifted their price objective for the company from $90.00 to $102.00 in a research note on Tuesday, April 11th. Deutsche Bank AG reiterated a “hold” rating and set a $96.00 price objective (up previously from $93.00) on shares of Northern Trust Corporation in a research note on Saturday, April 29th. Credit Suisse Group reiterated a “hold” rating and set a $90.00 price objective on shares of Northern Trust Corporation in a research note on Friday, May 5th. Royal Bank Of Canada reiterated a “buy” rating and set a $97.00 price objective on shares of Northern Trust Corporation in a research note on Wednesday, May 10th. Finally, Bank of America Corporation reiterated a “buy” rating and set a $98.00 price objective (up previously from $61.32) on shares of Northern Trust Corporation in a research note on Friday, May 26th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Northern Trust Corporation has an average rating of “Hold” and a consensus target price of $94.50.

A number of large investors have recently made changes to their positions in NTRS. Norges Bank purchased a new stake in shares of Northern Trust Corporation during the fourth quarter worth approximately $23,065,000. Chevy Chase Trust Holdings Inc. increased its stake in shares of Northern Trust Corporation by 3.6% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 223,398 shares of the asset manager’s stock worth $19,341,000 after buying an additional 7,854 shares during the last quarter. Creative Planning increased its stake in shares of Northern Trust Corporation by 117.8% in the first quarter. Creative Planning now owns 2,354 shares of the asset manager’s stock worth $204,000 after buying an additional 1,273 shares during the last quarter. Chesley Taft & Associates LLC increased its stake in shares of Northern Trust Corporation by 0.9% in the first quarter. Chesley Taft & Associates LLC now owns 72,234 shares of the asset manager’s stock worth $6,254,000 after buying an additional 627 shares during the last quarter. Finally, Bank of Montreal Can increased its stake in shares of Northern Trust Corporation by 49.1% in the first quarter. Bank of Montreal Can now owns 1,043,696 shares of the asset manager’s stock worth $90,365,000 after buying an additional 343,687 shares during the last quarter. Hedge funds and other institutional investors own 83.48% of the company’s stock.

About Northern Trust Corporation

Northern Trust Corporation is a financial holding company. The Company provides asset servicing, fund administration, asset management, fiduciary and banking solutions for corporations, institutions, families and individuals across the world. Its segments include Corporate & Institutional Services (C&IS), Wealth Management, and Treasury and Other.

Insider Buying and Selling by Quarter for Northern Trust Corporation (NASDAQ:NTRS)

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