Northern Trust Co. (NASDAQ:NTRS) EVP Sells $529,000.00 in Stock

Northern Trust Co. (NASDAQ:NTRS) EVP Thomas A. South sold 5,000 shares of the business’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $105.80, for a total transaction of $529,000.00. Following the transaction, the executive vice president now directly owns 49,756 shares of the company’s stock, valued at approximately $5,264,184.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Northern Trust Stock Down 0.1 %

NTRS traded down $0.07 during trading on Friday, hitting $105.18. The company had a trading volume of 790,976 shares, compared to its average volume of 1,304,018. The company has a market capitalization of $20.85 billion, a PE ratio of 13.08, a PEG ratio of 1.17 and a beta of 1.06. The firm’s 50-day moving average price is $93.94 and its 200 day moving average price is $88.06. Northern Trust Co. has a one year low of $68.97 and a one year high of $108.53. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.58.

Northern Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 1st. Investors of record on Friday, December 6th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 2.85%. The ex-dividend date is Friday, December 6th. Northern Trust’s payout ratio is 37.31%.

Institutional Investors Weigh In On Northern Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA increased its position in shares of Northern Trust by 13.0% in the second quarter. Massachusetts Financial Services Co. MA now owns 7,413,620 shares of the asset manager’s stock valued at $622,596,000 after acquiring an additional 850,556 shares during the last quarter. Primecap Management Co. CA grew its stake in shares of Northern Trust by 3.9% in the second quarter. Primecap Management Co. CA now owns 7,046,757 shares of the asset manager’s stock valued at $591,787,000 after buying an additional 261,285 shares in the last quarter. Ariel Investments LLC increased its holdings in Northern Trust by 3.6% during the second quarter. Ariel Investments LLC now owns 2,644,205 shares of the asset manager’s stock worth $222,060,000 after buying an additional 91,816 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Northern Trust by 12.3% during the second quarter. Dimensional Fund Advisors LP now owns 2,003,675 shares of the asset manager’s stock worth $168,253,000 after acquiring an additional 219,387 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its stake in Northern Trust by 2.0% in the second quarter. Thrivent Financial for Lutherans now owns 1,401,680 shares of the asset manager’s stock valued at $117,713,000 after acquiring an additional 26,984 shares during the last quarter. 83.19% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NTRS has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Northern Trust from $84.00 to $94.00 and gave the stock a “hold” rating in a research note on Monday, September 23rd. Royal Bank of Canada raised their price target on shares of Northern Trust from $100.00 to $107.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Bank of America lifted their price target on shares of Northern Trust from $103.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, October 24th. UBS Group raised their target price on Northern Trust from $86.00 to $92.00 and gave the company a “neutral” rating in a research note on Tuesday, October 8th. Finally, Evercore ISI upped their target price on shares of Northern Trust from $86.00 to $103.00 and gave the stock an “in-line” rating in a research report on Thursday, October 24th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $99.33.

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.