Northern Trust Co. (NASDAQ:NTRS) Vice Chairman William L. Morrison sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $105.08, for a total value of $2,101,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
William L. Morrison also recently made the following trade(s):
- On Friday, December 1st, William L. Morrison sold 30,000 shares of Northern Trust stock. The stock was sold at an average price of $96.48, for a total value of $2,894,400.00.
Northern Trust Co. (NTRS) opened at $105.38 on Thursday. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $23,970.00, a P/E ratio of 22.47, a P/E/G ratio of 1.40 and a beta of 0.98. Northern Trust Co. has a 52-week low of $83.17 and a 52-week high of $108.91.
Northern Trust (NASDAQ:NTRS) last posted its earnings results on Wednesday, January 24th. The asset manager reported $1.35 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.30 by $0.05. The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.41 billion. Northern Trust had a return on equity of 12.77% and a net margin of 20.98%. Northern Trust’s revenue was up 15.6% on a year-over-year basis. During the same quarter last year, the company earned $1.11 EPS. analysts forecast that Northern Trust Co. will post 6.02 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Sunday, April 1st. Investors of record on Friday, March 9th will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $1.68 annualized dividend and a dividend yield of 1.59%. Northern Trust’s dividend payout ratio (DPR) is presently 35.82%.
Institutional investors have recently bought and sold shares of the stock. Field & Main Bank bought a new position in Northern Trust in the 4th quarter valued at $100,000. Truewealth LLC bought a new position in Northern Trust in the 4th quarter valued at $110,000. Cerebellum GP LLC bought a new position in Northern Trust in the 4th quarter valued at $132,000. Mission Wealth Management LP bought a new position in Northern Trust in the 4th quarter valued at $200,000. Finally, Legacy Capital Partners Inc. bought a new position in Northern Trust in the 4th quarter valued at $210,000. Institutional investors and hedge funds own 81.05% of the company’s stock.
NTRS has been the topic of several recent research reports. Zacks Investment Research raised Northern Trust from a “hold” rating to a “buy” rating and set a $110.00 price objective on the stock in a report on Tuesday, December 19th. Wells Fargo & Co set a $105.00 price objective on Northern Trust and gave the stock a “hold” rating in a report on Wednesday, December 20th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $110.00 price objective on shares of Northern Trust in a report on Friday, December 22nd. Barclays lifted their price objective on Northern Trust from $102.00 to $114.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 2nd. Finally, Sandler O’Neill reissued a “hold” rating and set a $105.00 price objective on shares of Northern Trust in a report on Wednesday, January 10th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company’s stock. The company has an average 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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