Northern Trust Co. (NASDAQ:NTRS) Insider Sells 4,097 Shares

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

Northern Trust Price Performance

Shares of NASDAQ NTRS traded up $1.12 during midday trading on Friday, reaching $84.62. 927,128 shares of the company were exchanged, compared to its average volume of 1,485,024. Northern Trust Co. has a one year low of $62.44 and a one year high of $89.25. The stock has a market cap of $17.31 billion, a P/E ratio of 18.68, a PEG ratio of 1.19 and a beta of 1.13. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.61. The stock’s 50-day moving average price is $83.93 and its 200-day moving average price is $79.95.

Northern Trust Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Jefferies Financial Group lifted their target price on Northern Trust from $101.00 to $103.00 and gave the stock a “buy” rating in a report on Thursday, April 18th. TheStreet upgraded Northern Trust from a “c+” rating to a “b-” rating in a research report on Friday, January 12th. Royal Bank of Canada raised their price target on Northern Trust from $82.00 to $86.00 and gave the stock an “outperform” rating in a research report on Friday, January 19th. Evercore ISI upped their price objective on shares of Northern Trust from $86.00 to $87.00 and gave the stock an “in-line” rating in a research report on Thursday, April 4th. Finally, UBS Group raised their target price on shares of Northern Trust from $72.00 to $84.00 and gave the company a “neutral” rating in a report on Tuesday, January 9th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $84.92.

Institutional Trading of Northern Trust

Hedge funds have recently made changes to their positions in the company. Deutsche Bank AG raised its holdings in Northern Trust by 8.1% in the 3rd quarter. Deutsche Bank AG now owns 597,143 shares of the asset manager’s stock valued at $41,489,000 after buying an additional 44,516 shares during the last quarter. Financiere des Professionnels Fonds d investissement inc. raised its stake in shares of Northern Trust by 51.3% during the fourth quarter. Financiere des Professionnels Fonds d investissement inc. now owns 70,384 shares of the asset manager’s stock valued at $5,939,000 after acquiring an additional 23,859 shares during the last quarter. HB Wealth Management LLC acquired a new position in shares of Northern Trust during the fourth quarter worth $227,000. Nordea Investment Management AB grew its stake in shares of Northern Trust by 2.4% in the third quarter. Nordea Investment Management AB now owns 12,962 shares of the asset manager’s stock worth $907,000 after purchasing an additional 305 shares during the last quarter. Finally, Pathstone Family Office LLC bought a new position in Northern Trust during the 3rd quarter worth $715,000. 83.19% of the stock is owned by institutional investors and hedge funds.

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.