Northern Trust Corporation (NASDAQ:NTRS – Get Free Report) EVP Thomas South sold 1,800 shares of the business’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $184.90, for a total transaction of $332,820.00. Following the completion of the sale, the executive vice president directly owned 92,917 shares of the company’s stock, valued at approximately $17,180,353.30. This trade represents a 1.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Northern Trust Stock Performance
NASDAQ NTRS traded up $0.16 during trading hours on Tuesday, hitting $186.82. The company had a trading volume of 1,026,733 shares, compared to its average volume of 1,100,114. The business has a 50 day moving average of $181.79 and a 200-day moving average of $163.61. The company has a market cap of $34.18 billion, a PE ratio of 16.04, a price-to-earnings-growth ratio of 1.04 and a beta of 1.25. Northern Trust Corporation has a 1-year low of $121.12 and a 1-year high of $195.78. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.65 and a current ratio of 0.65.
Northern Trust (NASDAQ:NTRS – Get Free Report) last posted its earnings results on Wednesday, July 22nd. The asset manager reported $4.23 earnings per share for the quarter, beating the consensus estimate of $2.71 by $1.52. The business had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.69 billion. Northern Trust had a return on equity of 16.91% and a net margin of 14.76%.The business’s quarterly revenue was up 35.1% on a year-over-year basis. During the same period in the previous year, the business earned $2.13 EPS. As a group, equities research analysts expect that Northern Trust Corporation will post 11.59 EPS for the current year.
Northern Trust Increases Dividend
Analyst Upgrades and Downgrades
A number of equities analysts have recently issued reports on the stock. Truist Financial raised their target price on shares of Northern Trust from $176.00 to $186.00 and gave the stock a “hold” rating in a research report on Friday, June 26th. Citigroup upped their price target on shares of Northern Trust from $162.00 to $172.00 and gave the company a “neutral” rating in a research report on Tuesday, June 30th. UBS Group set a $186.00 price objective on shares of Northern Trust in a research report on Friday, June 26th. Royal Bank Of Canada lowered shares of Northern Trust from an “outperform” rating to a “sector perform” rating and set a $178.00 price objective on the stock. in a research note on Wednesday, July 22nd. Finally, Bank of America upped their target price on shares of Northern Trust from $190.00 to $200.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $180.68.
Get Our Latest Research Report on NTRS
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. Reflection Asset Management purchased a new stake in shares of Northern Trust during the fourth quarter worth approximately $25,000. Triumph Capital Management purchased a new position in Northern Trust in the 3rd quarter valued at $25,000. Continuum Advisory LLC acquired a new position in Northern Trust in the 2nd quarter valued at $26,000. Basecamp Wealth Advisors LLC increased its stake in Northern Trust by 99.0% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 203 shares of the asset manager’s stock valued at $28,000 after buying an additional 101 shares during the period. Finally, NBH Bank purchased a new position in Northern Trust during the 2nd quarter worth $30,000. Institutional investors and hedge funds own 83.19% of the company’s stock.
About Northern Trust
Northern Trust Corporation (NASDAQ: NTRS) is a global financial services firm headquartered in Chicago that provides asset servicing, asset management and wealth management solutions to institutions, corporations and high-net-worth individuals. The company’s core businesses include custody and fund administration, investment operations outsourcing, trust and fiduciary services, private banking, and retirement and defined contribution plan services.
Northern Trust’s product and service offerings span custody and fund accounting, portfolio and performance analytics, securities lending, cash management and foreign exchange, as well as discretionary and non-discretionary investment management.
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