Northern Trust Co. (NTRS) Vice Chairman Sells $2,894,400.00 in Stock

Northern Trust Co. (NASDAQ:NTRS) Vice Chairman William L. Morrison sold 30,000 shares of Northern Trust stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $96.48, for a total value of $2,894,400.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

William L. Morrison also recently made the following trade(s):

  • On Wednesday, October 25th, William L. Morrison sold 11,058 shares of Northern Trust stock. The stock was sold at an average price of $94.34, for a total value of $1,043,211.72.

Northern Trust Co. (NASDAQ NTRS) traded down $0.43 on Friday, hitting $99.89. The company’s stock had a trading volume of 637,509 shares, compared to its average volume of 858,150. Northern Trust Co. has a 1 year low of $81.92 and a 1 year high of $101.46. The firm has a market cap of $22,814.88, a P/E ratio of 22.10, a price-to-earnings-growth ratio of 2.14 and a beta of 0.96. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.71 and a quick ratio of 0.71.

Northern Trust (NASDAQ:NTRS) last released its quarterly earnings results on Wednesday, October 18th. The asset manager reported $1.20 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.12 by $0.08. The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.35 billion. Northern Trust had a return on equity of 12.33% and a net margin of 20.27%. The company’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same quarter last year, the business posted $1.11 EPS. research analysts expect that Northern Trust Co. will post 4.69 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 1st. Investors of record on Friday, December 1st will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date is Thursday, November 30th. Northern Trust’s payout ratio is currently 37.17%.

Several research firms have weighed in on NTRS. Wells Fargo & Co set a $105.00 target price on Northern Trust and gave the stock a “hold” rating in a report on Wednesday, December 20th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $110.00 target price on shares of Northern Trust in a report on Friday, December 22nd. Zacks Investment Research upgraded Northern Trust from a “hold” rating to a “buy” rating and set a $110.00 target price on the stock in a report on Tuesday, December 19th. Buckingham Research lifted their target price on Northern Trust from $95.00 to $97.00 and gave the stock a “neutral” rating in a report on Thursday, October 19th. Finally, UBS Group lifted their target price on Northern Trust from $100.00 to $109.00 and gave the stock a “buy” rating in a report on Thursday, October 19th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $98.50.

Institutional investors have recently bought and sold shares of the stock. Salem Investment Counselors Inc. boosted its holdings in shares of Northern Trust by 8.3% during the second quarter. Salem Investment Counselors Inc. now owns 1,083 shares of the asset manager’s stock worth $105,000 after acquiring an additional 83 shares during the period. Dupont Capital Management Corp bought a new stake in shares of Northern Trust during the second quarter worth approximately $107,000. Bessemer Group Inc. boosted its stake in shares of Northern Trust by 16.9% in the second quarter. Bessemer Group Inc. now owns 1,461 shares of the asset manager’s stock valued at $143,000 after buying an additional 211 shares during the period. MPS Loria Financial Planners LLC bought a new stake in shares of Northern Trust in the second quarter valued at approximately $134,000. Finally, Sun Life Financial INC boosted its stake in shares of Northern Trust by 15,740.0% in the second quarter. Sun Life Financial INC now owns 1,584 shares of the asset manager’s stock valued at $154,000 after buying an additional 1,574 shares during the period. Institutional investors and hedge funds own 81.69% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Northern Trust (NASDAQ:NTRS)

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