Northern Trust Co. (NASDAQ:NTRS) insider Peter Cherecwich sold 7,331 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $99.09, for a total transaction of $726,428.79. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Peter Cherecwich also recently made the following trade(s):

  • On Thursday, November 30th, Peter Cherecwich sold 5,128 shares of Northern Trust stock. The stock was sold at an average price of $97.63, for a total transaction of $500,646.64.

Northern Trust Co. (NASDAQ:NTRS) traded down $2.00 on Tuesday, reaching $96.95. 1,164,698 shares of the company’s stock were exchanged, compared to its average volume of 1,145,287. Northern Trust Co. has a 52-week low of $81.92 and a 52-week high of $99.66. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.37. The company has a market cap of $22,209.95, a price-to-earnings ratio of 21.32, a price-to-earnings-growth ratio of 2.16 and a beta of 0.96.

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

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 1st. Stockholders of record on Friday, December 1st will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date is Thursday, November 30th. Northern Trust’s dividend payout ratio is currently 37.17%.

Large investors have recently bought and sold shares of the company. Salem Investment Counselors Inc. boosted its stake in shares of Northern Trust by 8.3% in the 2nd 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 during the last quarter. Dupont Capital Management Corp bought a new stake in shares of Northern Trust in the 2nd quarter valued at $107,000. Bessemer Group Inc. boosted its stake in shares of Northern Trust by 16.9% in the 2nd 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 during the last quarter. MPS Loria Financial Planners LLC bought a new stake in shares of Northern Trust in the 2nd quarter valued at $134,000. Finally, Sun Life Financial INC boosted its stake in shares of Northern Trust by 15,740.0% in the 2nd quarter. Sun Life Financial INC now owns 1,584 shares of the asset manager’s stock valued at $154,000 after purchasing an additional 1,574 shares during the last quarter. 81.75% of the stock is currently owned by institutional investors.

A number of equities analysts recently issued reports on NTRS shares. Wells Fargo & Company started coverage on shares of Northern Trust in a research report on Wednesday, August 9th. They set a “market perform” rating and a $90.00 price objective for the company. BidaskClub upgraded shares of Northern Trust from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. Royal Bank Of Canada reiterated a “buy” rating and set a $97.00 price objective on shares of Northern Trust in a research report on Friday, August 18th. Zacks Investment Research lowered shares of Northern Trust from a “hold” rating to a “sell” rating in a report on Tuesday, August 22nd. Finally, UBS raised shares of Northern Trust from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $92.00 to $100.00 in a report on Friday, September 8th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $97.07.

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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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