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 the business’s stock in a transaction dated Friday, December 1st. The shares were 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 accessible through this link.

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 shares were sold at an average price of $94.34, for a total value of $1,043,211.72.

Shares of Northern Trust Co. (NASDAQ:NTRS) opened at $97.32 on Friday. The stock has a market capitalization of $22,120.00, a P/E ratio of 21.17, a PEG ratio of 2.14 and a beta of 0.96. Northern Trust Co. has a twelve month low of $81.92 and a twelve month high of $99.66. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.37.

Northern Trust (NASDAQ:NTRS) last issued its quarterly earnings data on Wednesday, October 18th. The asset manager reported $1.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.12 by $0.08. The business had revenue of $1.36 billion for the quarter, compared to analysts’ expectations 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 period in the prior year, the firm earned $1.11 EPS. equities research analysts predict that Northern Trust Co. will post 4.68 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 1st. Stockholders of record on Friday, December 1st will be issued a dividend of $0.42 per share. The ex-dividend date is Thursday, November 30th. This represents a $1.68 annualized dividend and a dividend yield of 1.73%. Northern Trust’s dividend payout ratio (DPR) is 37.09%.

Several institutional investors and hedge funds have recently modified their holdings of the company. Alyeska Investment Group L.P. purchased a new stake in Northern Trust during the 3rd quarter valued at $128,778,000. Arrowstreet Capital Limited Partnership raised its holdings in Northern Trust by 7,106.6% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 526,081 shares of the asset manager’s stock valued at $51,140,000 after buying an additional 518,781 shares during the period. Vanguard Group Inc. raised its holdings in Northern Trust by 2.6% during the 2nd quarter. Vanguard Group Inc. now owns 14,255,623 shares of the asset manager’s stock valued at $1,385,789,000 after buying an additional 363,691 shares during the period. Wells Fargo & Company MN raised its holdings in Northern Trust by 18.4% during the 2nd quarter. Wells Fargo & Company MN now owns 1,925,499 shares of the asset manager’s stock valued at $187,177,000 after buying an additional 299,230 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in Northern Trust by 14.9% during the 3rd 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 buying an additional 255,106 shares during the period. 81.75% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts recently issued reports on NTRS shares. 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. Morgan Stanley boosted their price objective on Northern Trust from $83.00 to $91.00 and gave the company an “underweight” rating in a research note on Thursday, October 19th. Buckingham Research boosted their price objective on Northern Trust from $95.00 to $97.00 and gave the company a “neutral” rating in a research note on Thursday, October 19th. UBS boosted their price objective on Northern Trust from $100.00 to $109.00 and gave the company a “buy” rating in a research note on Thursday, October 19th. Finally, Citigroup reiterated a “neutral” rating and set a $92.00 price objective (up from $90.00) on shares of Northern Trust in a research note on Monday, October 9th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Northern Trust currently has an average rating of “Hold” and a consensus target price of $97.07.

COPYRIGHT VIOLATION WARNING: This story was first published by Stock Observer and is the sole property of of Stock Observer. If you are viewing this story on another domain, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright laws. The original version of this story can be viewed at https://www.thestockobserver.com/2017/12/08/northern-trust-co-ntrs-vice-chairman-sells-2894400-00-in-stock.html.

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)

Receive News & Ratings for Northern Trust Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northern Trust Co. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply