Northern Trust Co. (NASDAQ:NTRS) Insider John Landers Sells 900 Shares

Northern Trust Co. (NASDAQ:NTRS) insider John Landers sold 900 shares of Northern Trust stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $111.44, for a total value of $100,296.00. Following the sale, the insider now directly owns 7,640 shares of the company’s stock, valued at approximately $851,401.60. The trade was a 10.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Northern Trust Price Performance

Shares of NTRS stock opened at $113.51 on Friday. The business has a fifty day simple moving average of $106.39 and a 200 day simple moving average of $98.16. The company has a market cap of $22.50 billion, a P/E ratio of 11.61, a P/E/G ratio of 1.72 and a beta of 1.08. The company has a quick ratio of 0.71, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. Northern Trust Co. has a twelve month low of $76.67 and a twelve month high of $114.67.

Northern Trust (NASDAQ:NTRS) last posted its quarterly earnings results on Thursday, January 23rd. The asset manager reported $2.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.96 by $0.30. Northern Trust had a net margin of 12.77% and a return on equity of 13.74%. On average, sell-side analysts forecast that Northern Trust Co. will post 8.2 EPS for the current fiscal year.

Northern Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $3.00 annualized dividend and a dividend yield of 2.64%. Northern Trust’s dividend payout ratio (DPR) is presently 30.67%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Evercore ISI lifted their target price on Northern Trust from $86.00 to $103.00 and gave the stock an “in-line” rating in a report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Northern Trust from $100.00 to $108.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. Morgan Stanley lowered their target price on shares of Northern Trust from $127.00 to $125.00 and set an “equal weight” rating on the stock in a report on Friday, January 3rd. UBS Group boosted their price target on Northern Trust from $110.00 to $114.00 and gave the company a “neutral” rating in a research note on Monday, January 27th. Finally, Wells Fargo & Company raised their price objective on Northern Trust from $108.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Friday, November 15th. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Northern Trust currently has an average rating of “Hold” and an average price target of $112.58.

Institutional Investors Weigh In On Northern Trust

Several hedge funds have recently modified their holdings of NTRS. Sanctuary Advisors LLC acquired a new stake in shares of Northern Trust during the second quarter valued at about $1,622,000. Czech National Bank raised its holdings in Northern Trust by 5.4% in the 3rd quarter. Czech National Bank now owns 41,075 shares of the asset manager’s stock valued at $3,698,000 after buying an additional 2,088 shares during the last quarter. GAMMA Investing LLC grew its holdings in Northern Trust by 24.2% during the 3rd quarter. GAMMA Investing LLC now owns 3,591 shares of the asset manager’s stock worth $323,000 after acquiring an additional 699 shares during the last quarter. Brookstone Capital Management increased its position in Northern Trust by 6.0% in the 3rd quarter. Brookstone Capital Management now owns 7,316 shares of the asset manager’s stock valued at $659,000 after acquiring an additional 417 shares during the period. Finally, CWM LLC raised its stake in shares of Northern Trust by 26.1% during the third quarter. CWM LLC now owns 12,183 shares of the asset manager’s stock valued at $1,097,000 after acquiring an additional 2,520 shares during the last quarter. Institutional investors and hedge funds own 83.19% of the company’s stock.

About Northern Trust

Northern Trust Corporation, a financial holding company, provides wealth management, asset servicing, asset management, and banking solutions for corporations, institutions, families, and individuals worldwide. It operates in two segments, Asset Servicing and Wealth Management. The Asset Servicing segment offers asset servicing and related services, including custody, fund administration, investment operations outsourcing, investment management, investment risk and analytical services, employee benefit services, securities lending, foreign exchange, treasury management, brokerage services, transition management services, banking, and cash management services.