Northern Trust Co. (NTRS) Vice Chairman Sells $2,894,400.00 in Stock
Northern Trust Co. (NASDAQ:NTRS) Vice Chairman William L. Morrison sold 30,000 shares of the business’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $96.48, for a total value of $2,894,400.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
William L. Morrison also recently made the following trade(s):
- On Wednesday, October 25th, William L. Morrison sold 11,058 shares of Northern Trust stock. The shares were sold at an average price of $94.34, for a total value of $1,043,211.72.
Northern Trust Co. (NTRS) traded down $2.00 on Tuesday, hitting $96.95. 1,164,698 shares of the company’s stock traded hands, compared to its average volume of 1,145,287. Northern Trust Co. has a twelve month low of $81.92 and a twelve month high of $99.66. The company has a market cap of $22,209.95, a P/E ratio of 21.32, a PEG ratio of 2.16 and a beta of 0.96. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.71 and a quick ratio of 0.71.
The firm also recently declared a quarterly dividend, which will be paid on Monday, January 1st. Investors of record on Friday, December 1st will be issued 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 payout ratio is 37.17%.
A number of research analysts recently issued reports on NTRS shares. Zacks Investment Research downgraded Northern Trust from a “hold” rating to a “sell” rating in a report on Monday, August 28th. UBS upgraded Northern Trust from a “neutral” rating to a “buy” rating and upped their target price for the stock from $92.00 to $100.00 in a report on Friday, September 8th. Bank of America set a $102.00 target price on Northern Trust and gave the stock a “buy” rating in a report on Thursday, October 19th. Citigroup reissued a “neutral” rating and issued a $92.00 price target (up from $90.00) on shares of Northern Trust in a research report on Monday, October 9th. Finally, Morgan Stanley boosted their price target on Northern Trust from $83.00 to $91.00 and gave the stock an “underweight” rating in a research report on Thursday, October 19th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The company 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 NTRS. Schwab Charles Investment Management Inc. increased its position in shares of Northern Trust by 4.0% during the second quarter. Schwab Charles Investment Management Inc. now owns 675,307 shares of the asset manager’s stock worth $65,647,000 after acquiring an additional 26,164 shares during the period. Principal Financial Group Inc. increased its position in shares of Northern Trust by 0.7% during the second quarter. Principal Financial Group Inc. now owns 337,497 shares of the asset manager’s stock worth $32,808,000 after acquiring an additional 2,298 shares during the period. Eaton Vance Management increased its position in shares of Northern Trust by 0.3% during the second quarter. Eaton Vance Management now owns 753,651 shares of the asset manager’s stock worth $73,262,000 after acquiring an additional 2,397 shares during the period. Delta Lloyd Asset Management N.V. purchased a new position in shares of Northern Trust during the second quarter worth approximately $2,799,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Northern Trust by 3.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 43,316 shares of the asset manager’s stock worth $4,211,000 after acquiring an additional 1,617 shares during the period. 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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