Northern Trust Co. (NASDAQ:NTRS – Get Free Report) EVP Susan Cohen Levy sold 19,585 shares of Northern Trust stock in a transaction on Friday, October 25th. The shares were sold at an average price of $102.26, for a total value of $2,002,762.10. Following the completion of the sale, the executive vice president now directly owns 17,132 shares of the company’s stock, valued at approximately $1,751,918.32. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Northern Trust Trading Up 0.4 %
Shares of NTRS stock traded up $0.44 on Tuesday, hitting $102.32. The stock had a trading volume of 1,805,787 shares, compared to its average volume of 1,313,359. Northern Trust Co. has a twelve month low of $64.13 and a twelve month high of $104.25. The firm has a market cap of $20.63 billion, a P/E ratio of 12.73, a PEG ratio of 1.45 and a beta of 1.08. The company has a fifty day moving average price of $91.39 and a two-hundred day moving average price of $86.85. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.58.
Northern Trust Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders of record on Friday, December 6th will be issued a $0.75 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $3.00 annualized dividend and a yield of 2.93%. Northern Trust’s dividend payout ratio (DPR) is presently 37.31%.
Analyst Upgrades and Downgrades
Check Out Our Latest Report on NTRS
Institutional Investors Weigh In On Northern Trust
Several large investors have recently bought and sold shares of the business. Massachusetts Financial Services Co. MA increased its stake in shares of Northern Trust by 13.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 7,413,620 shares of the asset manager’s stock worth $622,596,000 after acquiring an additional 850,556 shares during the last quarter. Panagora Asset Management Inc. increased its position in shares of Northern Trust by 4,660.5% during the 2nd quarter. Panagora Asset Management Inc. now owns 399,932 shares of the asset manager’s stock valued at $33,586,000 after purchasing an additional 391,531 shares during the period. Primecap Management Co. CA boosted its stake in shares of Northern Trust by 3.9% during the 2nd quarter. Primecap Management Co. CA now owns 7,046,757 shares of the asset manager’s stock worth $591,787,000 after acquiring an additional 261,285 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Northern Trust by 12.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,003,675 shares of the asset manager’s stock worth $168,253,000 after buying an additional 219,387 shares in the last quarter. Finally, AQR Capital Management LLC lifted its stake in shares of Northern Trust by 55.1% in the 2nd quarter. AQR Capital Management LLC now owns 597,146 shares of the asset manager’s stock valued at $49,575,000 after purchasing an additional 212,089 shares during the period. Institutional investors 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.
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