Northern Trust Co. (NTRS) EVP Sells $1,802,862.39 in Stock
Northern Trust Co. (NASDAQ:NTRS) EVP Clair Joyce St sold 18,489 shares of the stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $97.51, for a total transaction of $1,802,862.39. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Clair Joyce St also recently made the following trade(s):
- On Wednesday, October 18th, Clair Joyce St sold 7,665 shares of Northern Trust stock. The shares were sold at an average price of $95.00, for a total transaction of $728,175.00.
Shares of Northern Trust Co. (NASDAQ NTRS) traded down $0.46 during trading hours on Thursday, hitting $97.78. 1,343,649 shares of the company were exchanged, compared to its average volume of 1,145,356. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.37. Northern Trust Co. has a 1 year low of $80.86 and a 1 year high of $99.30. The company has a market cap of $21,898.38, a P/E ratio of 21.02, a price-to-earnings-growth ratio of 2.13 and a beta of 0.96.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 1st. Shareholders of record on Friday, December 1st will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 1.72%. The ex-dividend date of this dividend is Thursday, November 30th. Northern Trust’s payout ratio is currently 37.17%.
Several research analysts have commented on NTRS shares. Royal Bank Of Canada reissued a “buy” rating and set a $97.00 price objective on shares of Northern Trust in a report on Friday, August 18th. Bank of America set a $102.00 price objective on shares of Northern Trust and gave the company a “buy” rating in a report on Thursday, October 19th. Zacks Investment Research downgraded shares of Northern Trust from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Morgan Stanley increased their price objective on shares of Northern Trust from $83.00 to $91.00 and gave the company an “underweight” rating in a report on Thursday, October 19th. Finally, Citigroup reissued a “neutral” rating and set a $92.00 price objective (up previously from $90.00) on shares of Northern Trust in a report on Monday, October 9th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $97.07.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Tdam USA Inc. lifted its stake in Northern Trust by 0.4% in the second quarter. Tdam USA Inc. now owns 2,629 shares of the asset manager’s stock worth $255,000 after purchasing an additional 10 shares during the last quarter. Creative Planning lifted its stake in Northern Trust by 0.8% in the second quarter. Creative Planning now owns 2,374 shares of the asset manager’s stock worth $231,000 after purchasing an additional 20 shares during the last quarter. Wetherby Asset Management Inc. lifted its stake in Northern Trust by 0.5% in the second quarter. Wetherby Asset Management Inc. now owns 5,867 shares of the asset manager’s stock worth $570,000 after purchasing an additional 27 shares during the last quarter. Veritable L.P. lifted its stake in Northern Trust by 0.5% in the second quarter. Veritable L.P. now owns 7,941 shares of the asset manager’s stock worth $772,000 after purchasing an additional 42 shares during the last quarter. Finally, Conning Inc. lifted its stake in Northern Trust by 0.8% in the second quarter. Conning Inc. now owns 6,263 shares of the asset manager’s stock worth $609,000 after purchasing an additional 50 shares during the last quarter. 81.75% of the stock is owned by institutional investors and hedge funds.
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Northern Trust 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.
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