Northern Trust Co. (NASDAQ:NTRS) insider Jeffrey D. Cohodes sold 11,982 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $98.75, for a total value of $1,183,222.50. Following the completion of the sale, the insider now directly owns 37,936 shares in the company, valued at $3,746,180. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Northern Trust Co. (NASDAQ:NTRS) traded up $1.98 during trading on Monday, reaching $99.36. The company’s stock had a trading volume of 1,376,987 shares, compared to its average volume of 1,295,951. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.71 and a current ratio of 0.71. Northern Trust Co. has a fifty-two week low of $83.17 and a fifty-two week high of $108.91. The company has a market cap of $22,510.00, a PE ratio of 20.15, a price-to-earnings-growth ratio of 1.30 and a beta of 0.98.
Northern Trust (NASDAQ:NTRS) last issued its quarterly earnings results on Wednesday, January 24th. The asset manager reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.30 by $0.05. Northern Trust had a return on equity of 12.77% and a net margin of 20.98%. The firm had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.41 billion. During the same period in the previous year, the firm posted $1.11 EPS. The business’s revenue for the quarter was up 15.6% compared to the same quarter last year. equities analysts forecast that Northern Trust Co. will post 6.02 EPS for the current year.
Several institutional investors and hedge funds have recently modified their holdings of NTRS. QS Investors LLC boosted its position in shares of Northern Trust by 38.1% in the 2nd quarter. QS Investors LLC now owns 4,013 shares of the asset manager’s stock worth $390,000 after purchasing an additional 1,107 shares in the last quarter. AHL Partners LLP boosted its position in shares of Northern Trust by 26.4% in the 2nd quarter. AHL Partners LLP now owns 11,755 shares of the asset manager’s stock worth $1,143,000 after purchasing an additional 2,457 shares in the last quarter. Royal Bank of Canada boosted its position in shares of Northern Trust by 52.0% in the 2nd quarter. Royal Bank of Canada now owns 115,062 shares of the asset manager’s stock worth $11,185,000 after purchasing an additional 39,380 shares in the last quarter. Prudential PLC bought a new stake in shares of Northern Trust in the 2nd quarter worth approximately $207,000. Finally, Macquarie Group Ltd. boosted its position in shares of Northern Trust by 393.3% in the 2nd quarter. Macquarie Group Ltd. now owns 7,400 shares of the asset manager’s stock worth $719,000 after purchasing an additional 5,900 shares in the last quarter. 80.69% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms have weighed in on NTRS. Vining Sparks reaffirmed a “buy” rating and set a $118.00 price objective on shares of Northern Trust in a research report on Wednesday, January 24th. Zacks Investment Research raised Northern Trust from a “hold” rating to a “buy” rating and set a $110.00 price objective on the stock in a research report on Tuesday, December 19th. Bank of America set a $102.00 price objective on Northern Trust and gave the company a “buy” rating in a research report on Thursday, October 19th. UBS Group lifted their price objective on Northern Trust from $100.00 to $109.00 and gave the company a “buy” rating in a research report on Thursday, October 19th. Finally, BidaskClub raised Northern Trust from a “hold” rating to a “buy” rating in a research report on Saturday, January 13th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $104.81.
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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