Northern Trust Corporation (NASDAQ:NTRS) EVP Aileen B. Blake sold 1,000 shares of the business’s stock in a transaction on Friday, October 6th. The shares were sold at an average price of $94.00, for a total value of $94,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Aileen B. Blake also recently made the following trade(s):

  • On Wednesday, September 27th, Aileen B. Blake sold 1,000 shares of Northern Trust Corporation stock. The shares were sold at an average price of $92.00, for a total value of $92,000.00.
  • On Monday, August 28th, Aileen B. Blake sold 1,000 shares of Northern Trust Corporation stock. The shares were sold at an average price of $90.00, for a total value of $90,000.00.
  • On Monday, August 14th, Aileen B. Blake sold 7,762 shares of Northern Trust Corporation stock. The shares were sold at an average price of $88.45, for a total value of $686,548.90.

Northern Trust Corporation (NTRS) traded up 0.67% during trading on Tuesday, hitting $93.27. The stock had a trading volume of 771,492 shares. The firm has a market cap of $21.31 billion, a P/E ratio of 21.17 and a beta of 0.93. Northern Trust Corporation has a 52-week low of $68.78 and a 52-week high of $99.30. The company has a 50-day moving average of $89.88 and a 200 day moving average of $90.12.

Northern Trust Corporation (NASDAQ:NTRS) last issued its quarterly earnings data on Wednesday, July 19th. The asset manager reported $1.18 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.23 by ($0.05). The firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.33 billion. Northern Trust Corporation had a net margin of 20.21% and a return on equity of 12.08%. The company’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. On average, equities research analysts predict that Northern Trust Corporation will post $4.69 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Sunday, October 1st. Stockholders of record on Friday, September 1st were given a dividend of $0.42 per share. This is a positive change from Northern Trust Corporation’s previous quarterly dividend of $0.38. The ex-dividend date was Wednesday, August 30th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.80%. Northern Trust Corporation’s dividend payout ratio (DPR) is presently 38.18%.

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

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Several analysts have issued reports on the company. Zacks Investment Research upgraded Northern Trust Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. BidaskClub upgraded Northern Trust Corporation from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. Wells Fargo & Company began coverage on Northern Trust Corporation in a research note on Wednesday, August 9th. They issued a “market perform” rating and a $90.00 target price on the stock. Citigroup Inc. reiterated a “neutral” rating and issued a $92.00 price target (up from $90.00) on shares of Northern Trust Corporation in a research report on Monday. Finally, Buckingham Research reiterated a “neutral” rating and issued a $103.00 price target (up from $93.00) on shares of Northern Trust Corporation in a research report on Monday, July 10th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Northern Trust Corporation currently has an average rating of “Hold” and a consensus price target of $95.93.

Several institutional investors have recently modified their holdings of NTRS. Salem Investment Counselors Inc. grew its position in shares of Northern Trust Corporation by 8.3% during the second quarter. Salem Investment Counselors Inc. now owns 1,083 shares of the asset manager’s stock valued at $105,000 after purchasing an additional 83 shares in the last quarter. Huntington National Bank grew its position in shares of Northern Trust Corporation by 54.0% during the second quarter. Huntington National Bank now owns 1,089 shares of the asset manager’s stock valued at $106,000 after purchasing an additional 382 shares in the last quarter. Dupont Capital Management Corp purchased a new position in shares of Northern Trust Corporation during the second quarter valued at about $107,000. MPS Loria Financial Planners LLC purchased a new position in shares of Northern Trust Corporation during the second quarter valued at about $134,000. Finally, Bessemer Group Inc. grew its position in shares of Northern Trust Corporation by 16.9% during the second quarter. Bessemer Group Inc. now owns 1,461 shares of the asset manager’s stock valued at $143,000 after purchasing an additional 211 shares in the last quarter. Hedge funds and other institutional investors own 81.90% 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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