Short Interest in Northern Trust Co. (NASDAQ:NTRSO) Decreases By 65.6%

Northern Trust Co. (NASDAQ:NTRSO) was the target of a large drop in short interest in the month of April. As of April 30th, there was short interest totalling 4,200 shares, a drop of 65.6% from the April 15th total of 12,200 shares. Based on an average trading volume of 25,000 shares, the days-to-cover ratio is presently 0.2 days.

Northern Trust Trading Down 0.9 %

Shares of NASDAQ:NTRSO traded down $0.18 on Friday, reaching $20.91. The company had a trading volume of 3,149 shares, compared to its average volume of 24,526. Northern Trust has a 52-week low of $18.10 and a 52-week high of $23.97. The firm’s 50 day simple moving average is $22.03 and its 200-day simple moving average is $21.76.

Northern Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Saturday, June 15th will be issued a $0.2938 dividend. The ex-dividend date is Friday, June 14th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 5.62%.

Institutional Trading of Northern Trust

A hedge fund recently raised its stake in Northern Trust stock. PNC Financial Services Group Inc. lifted its holdings in Northern Trust Co. (NASDAQ:NTRSO) by 94.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,240 shares of the company’s stock after purchasing an additional 601 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Northern Trust were worth $26,000 as of its most recent SEC filing.

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.