Northern Trust Co. (NASDAQ:NTRS) insider Jeffrey D. Cohodes sold 30,917 shares of the firm’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $105.29, for a total value of $3,255,250.93. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Shares of Northern Trust Co. (NASDAQ:NTRS) traded down $0.01 during trading hours on Wednesday, reaching $99.35. 1,015,800 shares of the company’s stock traded hands, compared to its average volume of 1,248,026. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.35. Northern Trust Co. has a 52-week low of $83.17 and a 52-week high of $108.91. The company has a market cap of $22,596.56, a PE ratio of 20.61, a PEG ratio of 1.32 and a beta of 0.99.
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, topping the consensus estimate of $1.30 by $0.05. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.41 billion. Northern Trust had a net margin of 20.98% and a return on equity of 12.77%. Northern Trust’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.11 EPS. research analysts expect that Northern Trust Co. will post 6.02 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Sunday, April 1st. Stockholders of record on Friday, March 9th will be paid a dividend of $0.42 per share. The ex-dividend date is Thursday, March 8th. This represents a $1.68 annualized dividend and a dividend yield of 1.69%. Northern Trust’s dividend payout ratio is presently 34.15%.
Institutional investors have recently added to or reduced their stakes in the company. Alyeska Investment Group L.P. bought a new stake in Northern Trust during the 3rd quarter worth approximately $128,778,000. Arrowstreet Capital Limited Partnership lifted its holdings in Northern Trust by 7,106.6% in the second quarter. Arrowstreet Capital Limited Partnership now owns 526,081 shares of the asset manager’s stock valued at $51,140,000 after acquiring an additional 518,781 shares during the period. Alliancebernstein L.P. lifted its holdings in Northern Trust by 72.0% in the fourth quarter. Alliancebernstein L.P. now owns 1,107,116 shares of the asset manager’s stock valued at $110,590,000 after acquiring an additional 463,342 shares during the period. Bank of New York Mellon Corp lifted its holdings in Northern Trust by 14.9% in the third quarter. Bank of New York Mellon Corp now owns 1,965,535 shares of the asset manager’s stock valued at $180,691,000 after acquiring an additional 255,106 shares during the period. Finally, Point72 Asset Management L.P. acquired a new position in Northern Trust in the third quarter valued at approximately $23,359,000. Institutional investors own 80.69% of the company’s stock.
NTRS has been the subject of a number of analyst reports. Vining Sparks reissued a “buy” rating and issued a $118.00 price target on shares of Northern Trust in a report on Wednesday, January 24th. Zacks Investment Research upgraded Northern Trust from a “hold” rating to a “buy” rating and set a $110.00 price objective on the stock in a research note on Tuesday, December 19th. Bank of America set a $102.00 price objective on Northern Trust and gave the company a “buy” rating in a research note on Thursday, October 19th. UBS Group increased their price objective on Northern Trust from $100.00 to $109.00 and gave the stock a “buy” rating in a report on Thursday, October 19th. Finally, BidaskClub upgraded Northern Trust from a “hold” rating to a “buy” rating in a research report on Saturday, January 13th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company’s stock. Northern Trust currently has an average 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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