Northern Trust Co. (NTRS) CEO Frederick H. Waddell Sells 44,658 Shares

Northern Trust Co. (NASDAQ:NTRS) CEO Frederick H. Waddell sold 44,658 shares of Northern Trust stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $97.95, for a total transaction of $4,374,251.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Frederick H. Waddell also recently made the following trade(s):

  • On Wednesday, October 18th, Frederick H. Waddell sold 177,964 shares of Northern Trust stock. The shares were sold at an average price of $95.64, for a total transaction of $17,020,476.96.
  • On Wednesday, September 27th, Frederick H. Waddell sold 100,000 shares of Northern Trust stock. The shares were sold at an average price of $92.00, for a total transaction of $9,200,000.00.

Northern Trust Co. (NASDAQ:NTRS) traded down $0.46 on Thursday, reaching $97.78. 1,343,649 shares of the company were exchanged, compared to its average volume of 1,145,356. The firm has a market capitalization of $21,898.38, a price-to-earnings ratio of 21.02, a PEG ratio of 2.13 and a beta of 0.96. Northern Trust Co. has a 52-week low of $80.86 and a 52-week high of $99.30. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.37.

Northern Trust (NASDAQ:NTRS) last posted its quarterly earnings results on Wednesday, October 18th. The asset manager reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.08. The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.35 billion. Northern Trust had a net margin of 20.27% and a return on equity of 12.33%. Northern Trust’s quarterly revenue was up 11.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.11 earnings per share. equities analysts anticipate that Northern Trust Co. will post 4.68 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, January 1st. Shareholders of record on Friday, December 1st will be issued a $0.42 dividend. The ex-dividend date is Thursday, November 30th. This represents a $1.68 annualized dividend and a yield of 1.72%. Northern Trust’s payout ratio is 37.17%.

Several brokerages have recently issued reports on NTRS. Buckingham Research lifted their target price on shares of Northern Trust from $95.00 to $97.00 and gave the company a “neutral” rating in a research report on Thursday, October 19th. UBS boosted their price target on shares of Northern Trust from $100.00 to $109.00 and gave the stock a “buy” rating in a research report on Thursday, October 19th. Morgan Stanley boosted their price target on shares of Northern Trust from $83.00 to $91.00 and gave the stock an “underweight” rating in a research report on Thursday, October 19th. Bank of America set a $102.00 price target on shares of Northern Trust and gave the stock a “buy” rating in a research report on Thursday, October 19th. Finally, Citigroup restated a “neutral” rating and set a $92.00 price target (up from $90.00) on shares of Northern Trust in a research report on Monday, October 9th. Two equities research 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 stock. The company has a consensus rating of “Hold” and an average price target of $97.07.

A number of large investors have recently bought and sold shares of NTRS. Alyeska Investment Group L.P. acquired a new position in Northern Trust in the 3rd quarter valued at about $128,778,000. Arrowstreet Capital Limited Partnership boosted its holdings in Northern Trust by 7,106.6% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 526,081 shares of the asset manager’s stock valued at $51,140,000 after purchasing an additional 518,781 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Northern Trust by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 14,255,623 shares of the asset manager’s stock valued at $1,385,789,000 after purchasing an additional 363,691 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in Northern Trust by 18.4% in the 2nd quarter. Wells Fargo & Company MN now owns 1,925,499 shares of the asset manager’s stock valued at $187,177,000 after purchasing an additional 299,230 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Northern Trust by 14.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,965,535 shares of the asset manager’s stock valued at $180,691,000 after purchasing an additional 255,106 shares during the last quarter. Institutional investors own 81.75% of the company’s stock.

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About Northern Trust

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 (NASDAQ:NTRS)

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