Northern Trust Corporation (NASDAQ:NTRS – Get Free Report) EVP Susan Levy sold 16,984 shares of the stock in a transaction on Friday, October 23rd. The shares were sold at an average price of $168.15, for a total transaction of $2,855,859.60. Following the completion of the sale, the executive vice president directly owned 59,378 shares of the company’s stock, valued at approximately $9,984,410.70. This trade represents a 22.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Susan Cohen Levy also recently made the following trade(s):
- On Monday, October 26th, Susan Levy sold 3,922 shares of Northern Trust stock. The stock was sold at an average price of $168.69, for a total transaction of $661,602.18.
Northern Trust Stock Performance
NASDAQ:NTRS opened at $172.92 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.65 and a current ratio of 0.61. The firm’s 50-day moving average is $175.79 and its 200-day moving average is $165.17. Northern Trust Corporation has a 52-week low of $121.53 and a 52-week high of $195.78. The company has a market cap of $31.64 billion, a price-to-earnings ratio of 14.86, a PEG ratio of 0.88 and a beta of 1.24.
Northern Trust (NASDAQ:NTRS – Get Free Report) last released its earnings results on Wednesday, October 21st. The asset manager reported $3.40 earnings per share for the quarter, topping analysts’ consensus estimates of $2.87 by $0.53. Northern Trust had a return on equity of 17.97% and a net margin of 15.86%. The business had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.26 billion. During the same period last year, the business earned $2.29 earnings per share. The firm’s revenue for the quarter was up 13.4% compared to the same quarter last year. Equities research analysts anticipate that Northern Trust Corporation will post 11.95 earnings per share for the current year.
Northern Trust Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 1st. Shareholders of record on Friday, December 4th will be given a $0.88 dividend. The ex-dividend date is Friday, December 4th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.0%. Northern Trust’s dividend payout ratio (DPR) is currently 27.59%.
Analysts Set New Price Targets
NTRS has been the topic of a number of research reports. TD Cowen assumed coverage on Northern Trust in a research report on Thursday, October 8th. They set a “hold” rating and a $175.00 price objective on the stock. Weiss Ratings cut Northern Trust from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, October 23rd. Evercore set a $183.00 price target on shares of Northern Trust in a research note on Thursday, October 1st. Bank of America boosted their price target 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. Finally, BMO Capital Markets dropped their price objective on shares of Northern Trust from $208.00 to $190.00 and set an “outperform” rating for the company in a research note on Tuesday, October 6th. Three analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Northern Trust has a consensus rating of “Hold” and an average target price of $183.47.
Check Out Our Latest Stock Analysis on NTRS
Hedge Funds Weigh In On Northern Trust
A number of hedge funds have recently modified their holdings of NTRS. Continuum Advisory LLC acquired a new stake in Northern Trust in the 2nd quarter valued at $26,000. NBH Bank acquired a new position in Northern Trust during the second quarter worth $30,000. Keating Financial Advisory Services Inc. acquired a new position in Northern Trust during the second quarter worth $31,000. Basecamp Wealth Advisors LLC raised its stake in Northern Trust by 99.0% during the first quarter. Basecamp Wealth Advisors LLC now owns 203 shares of the asset manager’s stock worth $28,000 after acquiring an additional 101 shares in the last quarter. Finally, Clearstead Trust LLC bought a new position in shares of Northern Trust during the second quarter valued at $37,000. 83.19% of the stock is owned by institutional investors and hedge funds.
About Northern Trust
Northern Trust Corporation (NASDAQ:NTRS) is a financial services company that provides wealth management, asset servicing, asset management and banking services. The company serves institutional investors, corporations, financial institutions, high-net-worth individuals and families.
Its offerings include custody and administration of investment assets, fund accounting, securities lending, foreign exchange, treasury services, investment management, trust and estate services, private banking and wealth planning.
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