Northern Trust (NASDAQ:NTRSO) Shares Down 0.4% – Time to Sell?

Northern Trust Co. (NASDAQ:NTRSO) shares dropped 0.4% on Tuesday . The company traded as low as $19.60 and last traded at $19.61. Approximately 25,435 shares traded hands during mid-day trading, a decline of 17% from the average daily volume of 30,488 shares. The stock had previously closed at $19.69.

Northern Trust Stock Performance

The business has a 50 day simple moving average of $19.78 and a 200-day simple moving average of $20.55.

Northern Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Sunday, June 15th will be given a dividend of $0.2938 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.18 annualized dividend and a dividend yield of 5.99%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Northern Trust stock. 10Elms LLP purchased a new position in shares of Northern Trust Co. (NASDAQ:NTRSO) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 15,400 shares of the company’s stock, valued at approximately $310,000.

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.