Northern Trust Corporation (NASDAQ:NTRS) declared a quarterly dividend on Tuesday, October 17th, RTT News reports. Stockholders of record on Friday, December 1st will be given a dividend of 0.42 per share by the asset manager on Monday, January 1st. This represents a $1.68 annualized dividend and a dividend yield of 1.84%.

Northern Trust Corporation (NASDAQ:NTRS) traded down 0.89% on Tuesday, hitting $91.10. The stock had a trading volume of 2,755,848 shares. The company has a market capitalization of $20.81 billion, a price-to-earnings ratio of 20.68 and a beta of 0.93. Northern Trust Corporation has a 52 week low of $69.46 and a 52 week high of $99.30. The firm has a 50-day moving average of $90.23 and a 200 day moving average of $90.28.

Northern Trust Corporation (NASDAQ:NTRS) last posted its quarterly earnings data on Wednesday, July 19th. The asset manager reported $1.18 EPS for the quarter, missing analysts’ consensus estimates 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 firm’s revenue was up .5% compared to the same quarter last year. During the same quarter last year, the company posted $1.09 EPS. On average, analysts predict that Northern Trust Corporation will post $4.69 earnings per share for the current year.

In related news, Chairman Frederick H. Waddell sold 100,000 shares of the stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $92.00, for a total transaction of $9,200,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Teresa Parker sold 11,399 shares of the stock in a transaction that occurred on Friday, July 21st. The shares were sold at an average price of $87.65, for a total value of $999,122.35. The disclosure for this sale can be found here. In the last ninety days, insiders sold 166,094 shares of company stock valued at $15,115,309. Corporate insiders own 1.27% of the company’s stock.

Northern Trust Corporation announced that its board has approved a share repurchase 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 board believes its shares are undervalued.

ILLEGAL ACTIVITY WARNING: “Northern Trust Corporation to Issue Quarterly Dividend of $0.42 (NTRS)” was first posted by American Banking News and is the sole property of of American Banking News. If you are reading this piece of content on another publication, it was copied illegally and reposted in violation of United States and international copyright & trademark laws. The legal version of this piece of content can be read at https://www.americanbankingnews.com/2017/10/17/northern-trust-corporation-to-issue-quarterly-dividend-of-0-42-ntrs.html.

NTRS has been the subject of a number of research reports. Deutsche Bank AG reduced their price objective on Northern Trust Corporation from $103.00 to $93.00 and set a “hold” rating for the company in a research report on Thursday, July 20th. Zacks Investment Research cut Northern Trust Corporation from a “hold” rating to a “sell” rating in a research report on Monday, August 28th. Morgan Stanley reiterated an “underweight” rating and set a $86.00 price objective (up previously from $80.00) on shares of Northern Trust Corporation in a research report on Friday, July 7th. UBS AG upgraded Northern Trust Corporation from a “neutral” rating to a “buy” rating and upped their price objective for the company from $92.00 to $100.00 in a research report on Friday, September 8th. Finally, Bank of America Corporation reduced their price objective on Northern Trust Corporation from $106.00 to $97.00 and set a “buy” rating for the company in a research report on Thursday, July 20th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $95.93.

Northern Trust Corporation Company Profile

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.

Dividend History for Northern Trust Corporation (NASDAQ:NTRS)

Receive News & Ratings for Northern Trust Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northern Trust Corporation and related companies with MarketBeat.com's FREE daily email newsletter.