Insider Selling: Northern Trust Co. (NTRS) EVP Sells 6,898 Shares of Stock

Northern Trust Co. (NASDAQ:NTRS) EVP Jeffrey D. Cohodes sold 6,898 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $105.27, for a total value of $726,152.46. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Northern Trust Co. (NASDAQ:NTRS) opened at $104.72 on Wednesday. Northern Trust Co. has a 52 week low of $83.17 and a 52 week high of $108.91. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.71 and a current ratio of 0.71. The firm has a market capitalization of $23,820.00, a P/E ratio of 22.33, a P/E/G ratio of 1.40 and a beta of 0.98.

Northern Trust (NASDAQ:NTRS) last posted its quarterly earnings results on Wednesday, January 24th. The asset manager reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.05. Northern Trust had a return on equity of 12.77% and a net margin of 20.98%. The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same period in the prior year, the business earned $1.11 EPS. The firm’s revenue for the quarter was up 15.6% on a year-over-year basis. analysts anticipate that Northern Trust Co. will post 6.02 earnings per share for the current year.

The business 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 $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 1.60%. The ex-dividend date of this dividend is Thursday, March 8th. Northern Trust’s dividend payout ratio (DPR) is presently 35.82%.

NTRS has been the topic of several research analyst reports. Bank of America upped their target price on Northern Trust from $112.00 to $116.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. Vining Sparks restated a “buy” rating and set a $118.00 target price on shares of Northern Trust in a research report on Wednesday, January 24th. 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 research report on Tuesday, December 19th. BidaskClub upgraded Northern Trust from a “hold” rating to a “buy” rating in a research report on Saturday, January 13th. Finally, Barclays upped their price target on Northern Trust from $102.00 to $114.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 2nd. Two analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the stock. Northern Trust presently has a consensus rating of “Hold” and an average target price of $104.81.

Several institutional investors have recently modified their holdings of the company. Raymond James Trust N.A. raised its stake in shares of Northern Trust by 15.9% in the fourth quarter. Raymond James Trust N.A. now owns 3,629 shares of the asset manager’s stock worth $362,000 after purchasing an additional 498 shares during the last quarter. Steward Partners Investment Advisory LLC raised its stake in shares of Northern Trust by 18.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,232 shares of the asset manager’s stock worth $322,000 after purchasing an additional 500 shares during the last quarter. OLD National Bancorp IN raised its stake in shares of Northern Trust by 7.7% in the fourth quarter. OLD National Bancorp IN now owns 7,010 shares of the asset manager’s stock worth $701,000 after purchasing an additional 500 shares during the last quarter. Standard Life Aberdeen plc raised its stake in shares of Northern Trust by 0.9% in the fourth quarter. Standard Life Aberdeen plc now owns 56,584 shares of the asset manager’s stock worth $5,653,000 after purchasing an additional 515 shares during the last quarter. Finally, Cornerstone Advisors Inc. raised its stake in shares of Northern Trust by 30.6% in the fourth quarter. Cornerstone Advisors Inc. now owns 2,324 shares of the asset manager’s stock worth $232,000 after purchasing an additional 545 shares during the last quarter. 81.05% of the stock is owned by hedge funds and other institutional investors.

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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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