Northern Trust Target of Unusually High Options Trading (NTRS)
Northern Trust Co. (NASDAQ:NTRS) saw unusually large options trading activity on Friday. Stock investors bought 2,653 call options on the company. This is an increase of 905% compared to the average volume of 264 call options.
Northern Trust (NTRS) opened at $107.26 on Monday. 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 firm has a market cap of $24,393.18, a P/E ratio of 23.73, a P/E/G ratio of 1.65 and a beta of 0.97. Northern Trust has a twelve month low of $81.92 and a twelve month high of $107.56.
Northern Trust (NASDAQ:NTRS) last announced its quarterly earnings data on Wednesday, October 18th. The asset manager reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.08. The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.35 billion. Northern Trust had a net margin of 20.27% and a return on equity of 12.33%. The business’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.11 earnings per share. research analysts expect that Northern Trust will post 4.69 EPS for the current fiscal year.
In other Northern Trust news, COO Jana R. Schreuder sold 18,489 shares of Northern Trust stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $99.20, for a total transaction of $1,834,108.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Vice Chairman William L. Morrison sold 11,058 shares of Northern Trust stock in a transaction dated Wednesday, October 25th. The stock was sold at an average price of $94.34, for a total transaction of $1,043,211.72. The disclosure for this sale can be found here. Insiders have sold 323,382 shares of company stock worth $31,182,013 over the last ninety days. 1.27% of the stock is owned by insiders.
Hedge funds have recently made changes to their positions in the stock. Salem Investment Counselors Inc. grew its holdings in shares of Northern Trust by 8.3% in the second 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 in the last quarter. MPS Loria Financial Planners LLC acquired a new position in shares of Northern Trust in the second quarter valued at approximately $134,000. Sun Life Financial INC grew its holdings in shares of Northern Trust by 15,740.0% in the second 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 in the last quarter. Cetera Investment Advisers acquired a new position in shares of Northern Trust in the second quarter valued at approximately $205,000. Finally, Prudential PLC acquired a new position in shares of Northern Trust in the second quarter valued at approximately $207,000. Hedge funds and other institutional investors own 81.69% of the company’s stock.
A number of brokerages have commented on NTRS. BidaskClub raised shares of Northern Trust from a “hold” rating to a “buy” rating in a research note on Saturday. Sandler O’Neill reissued a “hold” rating and issued a $105.00 price target on shares of Northern Trust in a research note on Wednesday, January 10th. Barclays boosted their price target on shares of Northern Trust from $102.00 to $114.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 2nd. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $110.00 price target on shares of Northern Trust in a research note on Friday, December 22nd. Finally, Wells Fargo & Co set a $105.00 price target on shares of Northern Trust and gave the company a “hold” rating in a research note on Wednesday, December 20th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $100.20.
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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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