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.
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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.
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