Northern Trust Co. (NASDAQ:NTRS) CFO Biff Bowman sold 13,811 shares of Northern Trust stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $108.53, for a total value of $1,498,907.83. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Northern Trust Co. (NTRS) traded down $2.06 during midday trading on Wednesday, hitting $106.49. The company’s stock had a trading volume of 1,012,283 shares, compared to its average volume of 1,240,974. The stock has a market cap of $24,703.46, a price-to-earnings ratio of 21.64, a P/E/G ratio of 1.44 and a beta of 0.95. Northern Trust Co. has a twelve month low of $83.17 and a twelve month high of $110.81. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.71 and a quick ratio of 0.71.
Northern Trust (NASDAQ:NTRS) last released its quarterly earnings data on Wednesday, January 24th. The asset manager reported $1.35 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.30 by $0.05. Northern Trust had a return on equity of 12.77% and a net margin of 20.98%. The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.41 billion. During the same quarter last year, the business posted $1.11 EPS. The company’s revenue was up 15.6% on a year-over-year basis. sell-side analysts expect that Northern Trust Co. will post 6.1 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Sunday, April 1st. Investors of record on Friday, March 9th will be paid a $0.42 dividend. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $1.68 annualized dividend and a dividend yield of 1.58%. Northern Trust’s dividend payout ratio is presently 34.15%.
Institutional investors have recently made changes to their positions in the stock. Toronto Dominion Bank increased its stake in shares of Northern Trust by 11.0% in the 3rd quarter. Toronto Dominion Bank now owns 81,627 shares of the asset manager’s stock valued at $7,502,000 after purchasing an additional 8,120 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Northern Trust by 1.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 973,397 shares of the asset manager’s stock valued at $89,484,000 after purchasing an additional 12,322 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of Northern Trust by 8.3% in the 4th quarter. Wells Fargo & Company MN now owns 2,106,085 shares of the asset manager’s stock valued at $210,376,000 after purchasing an additional 160,702 shares in the last quarter. Aurora Investment Counsel purchased a new position in shares of Northern Trust in the 4th quarter valued at about $2,161,000. Finally, SG Americas Securities LLC increased its stake in shares of Northern Trust by 127.7% in the 4th quarter. SG Americas Securities LLC now owns 50,447 shares of the asset manager’s stock valued at $5,039,000 after purchasing an additional 28,291 shares in the last quarter. Hedge funds and other institutional investors own 79.49% of the company’s stock.
NTRS has been the subject of a number of research reports. Wells Fargo & Co set a $105.00 price target on Northern Trust and gave the stock a “hold” rating in a research report on Wednesday, December 20th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $110.00 price target on shares of Northern Trust in a research report on Friday, December 22nd. BidaskClub raised Northern Trust from a “hold” rating to a “buy” rating in a research report on Saturday, January 13th. Barclays lifted their price target on Northern Trust from $102.00 to $114.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 2nd. Finally, Royal Bank of Canada lifted their price target on Northern Trust to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, January 25th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price 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.
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