Insider Selling: Northern Trust Co. (NTRS) Insider Sells 11,982 Shares of Stock

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.

The business also recently declared a quarterly dividend, which will be paid on Sunday, April 1st. Stockholders of record on Friday, March 9th will be given a $0.42 dividend. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.69%. Northern Trust’s dividend payout ratio is currently 34.08%.

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.

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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.

Insider Buying and Selling by Quarter for Northern Trust (NASDAQ:NTRS)

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