Northern Trust Co. (NTRS) Declares Quarterly Dividend of $0.42

Northern Trust Co. (NASDAQ:NTRS) announced a quarterly dividend on Tuesday, January 23rd, RTT News reports. Investors of record on Friday, March 9th will be paid a dividend of 0.42 per share by the asset manager on Sunday, April 1st. This represents a $1.68 dividend on an annualized basis and a yield of 1.57%.

Shares of Northern Trust (NTRS) traded down $0.54 during trading hours on Tuesday, reaching $106.89. The company’s stock had a trading volume of 1,449,725 shares, compared to its average volume of 1,032,967. Northern Trust has a one year low of $81.92 and a one year high of $108.04. The firm has a market capitalization of $24,240.00, a P/E ratio of 23.60, a PEG ratio of 1.59 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.

In other news, Vice Chairman William L. Morrison sold 11,058 shares of the company’s stock in a transaction that occurred on Wednesday, October 25th. The stock was sold at an average price of $94.34, for a total transaction of $1,043,211.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Jana R. Schreuder sold 2,600 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $99.02, for a total value of $257,452.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 137,753 shares of company stock valued at $13,433,361. Corporate insiders own 1.27% of the company’s stock.

A number of research analysts have issued reports on the company. Citigroup reissued a “neutral” rating and issued a $92.00 price target (up from $90.00) on shares of Northern Trust in a report on Monday, October 9th. Sandler O’Neill reissued a “hold” rating and issued a $105.00 price target on shares of Northern Trust in a report on Wednesday, January 10th. Zacks Investment Research raised Northern Trust from a “sell” rating to a “hold” rating in a report on Monday, September 25th. Wells Fargo & Co set a $105.00 price target on Northern Trust and gave the company a “hold” rating in a report on Wednesday, December 20th. Finally, Bank of America set a $102.00 price target on Northern Trust and gave the company a “buy” rating in a report on Thursday, October 19th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the stock. Northern Trust presently has an average rating of “Hold” and an average price target of $100.20.

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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.

Dividend History for Northern Trust (NASDAQ:NTRS)

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