Northern Trust Co. (NASDAQ:NTRS) EVP Jeffrey D. Cohodes sold 6,898 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $105.27, for a total transaction of $726,152.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Northern Trust Co. (NASDAQ:NTRS) traded down $0.11 on Tuesday, hitting $104.75. 1,180,024 shares of the stock were exchanged, compared to its average volume of 1,285,468. Northern Trust Co. has a fifty-two week low of $83.17 and a fifty-two week high of $108.91. The firm has a market cap of $23,847.38, a price-to-earnings ratio of 21.29, a price-to-earnings-growth ratio of 1.40 and a beta of 0.99. 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 announced 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 net margin of 20.98% and a return on equity of 12.77%. The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same period last year, the business earned $1.11 EPS. The company’s revenue was up 15.6% on a year-over-year basis. equities 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 issued a $0.42 dividend. The ex-dividend date is Thursday, March 8th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.60%. Northern Trust’s payout ratio is 34.15%.
A number of large investors have recently made changes to their positions in NTRS. Macquarie Group Ltd. raised its stake in Northern Trust by 393.3% during the 2nd quarter. Macquarie Group Ltd. now owns 7,400 shares of the asset manager’s stock worth $719,000 after acquiring an additional 5,900 shares in the last quarter. Cetera Investment Advisers acquired a new stake in Northern Trust during the 2nd quarter worth $205,000. Shell Asset Management Co. raised its stake in Northern Trust by 187.4% during the 3rd quarter. Shell Asset Management Co. now owns 34,698 shares of the asset manager’s stock worth $2,361,000 after acquiring an additional 22,624 shares in the last quarter. APG Asset Management N.V. raised its stake in Northern Trust by 45.2% during the 3rd quarter. APG Asset Management N.V. now owns 173,104 shares of the asset manager’s stock worth $15,913,000 after acquiring an additional 53,900 shares in the last quarter. Finally, Personal Capital Advisors Corp raised its stake in Northern Trust by 4.1% during the 3rd quarter. Personal Capital Advisors Corp now owns 204,704 shares of the asset manager’s stock worth $18,818,000 after acquiring an additional 7,984 shares in the last quarter. Hedge funds and other institutional investors own 81.05% of the company’s stock.
Several equities analysts have commented on the stock. BidaskClub cut shares of Northern Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, January 23rd. Morgan Stanley raised their price target on shares of Northern Trust from $104.00 to $110.00 and gave the company an “underweight” rating in a research report on Friday, February 2nd. Royal Bank of Canada raised their price target on shares of Northern Trust to $110.00 and gave the company an “outperform” rating in a research report on Thursday, January 25th. Credit Suisse Group raised their price target on shares of Northern Trust from $99.00 to $100.00 and gave the company a “neutral” rating in a research report on Thursday, January 25th. Finally, Sandler O’Neill reissued a “hold” rating on shares of Northern Trust in a research report on Thursday, January 25th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $104.81.
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About Northern Trust
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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