Steven L. Fradkin Sells 4,097 Shares of Northern Trust Co. (NASDAQ:NTRS) Stock

Northern Trust Co. (NASDAQ:NTRS) insider Steven L. Fradkin sold 4,097 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $82.56, for a total transaction of $338,248.32. Following the completion of the transaction, the insider now owns 46,078 shares of the company’s stock, valued at $3,804,199.68. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Northern Trust Price Performance

NTRS stock opened at $84.62 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.71 and a quick ratio of 0.71. The company’s 50-day moving average is $83.99 and its 200-day moving average is $80.06. The stock has a market capitalization of $17.31 billion, a PE ratio of 18.68, a price-to-earnings-growth ratio of 1.20 and a beta of 1.13. Northern Trust Co. has a 1 year low of $62.44 and a 1 year high of $89.25.

Northern Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 7th will be issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $3.00 annualized dividend and a dividend yield of 3.55%. Northern Trust’s dividend payout ratio is 66.23%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. UBS Group increased their price objective on Northern Trust from $72.00 to $84.00 and gave the company a “neutral” rating in a report on Tuesday, January 9th. Royal Bank of Canada raised their price objective on Northern Trust from $82.00 to $86.00 and gave the stock an “outperform” rating in a research report on Friday, January 19th. TheStreet upgraded Northern Trust from a “c+” rating to a “b-” rating in a report on Friday, January 12th. Bank of America raised their price target on shares of Northern Trust from $93.00 to $101.00 and gave the stock a “buy” rating in a report on Wednesday, April 17th. Finally, Evercore ISI upped their price objective on shares of Northern Trust from $86.00 to $87.00 and gave the company an “in-line” rating in a research note on Thursday, April 4th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $84.92.

Hedge Funds Weigh In On Northern Trust

A number of large investors have recently modified their holdings of the company. Ballast Inc. raised its holdings in Northern Trust by 1.1% during the fourth quarter. Ballast Inc. now owns 12,208 shares of the asset manager’s stock worth $1,030,000 after buying an additional 136 shares during the last quarter. Mather Group LLC. increased its position in shares of Northern Trust by 3.6% during the fourth quarter. Mather Group LLC. now owns 4,271 shares of the asset manager’s stock worth $360,000 after acquiring an additional 147 shares in the last quarter. Aviance Capital Partners LLC raised its holdings in shares of Northern Trust by 1.8% in the 4th quarter. Aviance Capital Partners LLC now owns 8,585 shares of the asset manager’s stock worth $724,000 after acquiring an additional 150 shares during the last quarter. Diversified Trust Co lifted its position in Northern Trust by 1.9% in the 4th quarter. Diversified Trust Co now owns 8,531 shares of the asset manager’s stock valued at $720,000 after acquiring an additional 156 shares in the last quarter. Finally, Quent Capital LLC boosted its stake in Northern Trust by 77.8% during the 4th quarter. Quent Capital LLC now owns 361 shares of the asset manager’s stock valued at $30,000 after purchasing an additional 158 shares during the last quarter. 83.19% of the stock is currently owned by institutional investors.

About Northern Trust

Northern Trust Corporation, a financial holding company, provides wealth management, asset servicing, asset management, and banking solutions for corporations, institutions, families, and individuals worldwide. It operates in two segments, Asset Servicing and Wealth Management. The Asset Servicing segment offers asset servicing and related services, including custody, fund administration, investment operations outsourcing, investment management, investment risk and analytical services, employee benefit services, securities lending, foreign exchange, treasury management, brokerage services, transition management services, banking, and cash management services.