Insider Selling: Northern Trust Co. (NASDAQ:NTRS) EVP Sells 3,300 Shares of Stock

Northern Trust Co. (NASDAQ:NTRS - Get Free Report) EVP Clive Bellows sold 3,300 shares of the company's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $99.95, for a total transaction of $329,835.00. Following the completion of the transaction, the executive vice president now directly owns 28,736 shares in the company, valued at $2,872,163.20. The trade was a 10.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Northern Trust Price Performance

Shares of NASDAQ NTRS traded up $0.49 during trading on Thursday, hitting $106.88. 368,603 shares of the company were exchanged, compared to its average volume of 1,271,966. The company has a market cap of $20.79 billion, a price-to-earnings ratio of 10.92, a PEG ratio of 1.72 and a beta of 1.18. Northern Trust Co. has a 1 year low of $79.68 and a 1 year high of $114.67. The firm's fifty day moving average price is $95.10 and its 200 day moving average price is $102.97. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.71.

Northern Trust (NASDAQ:NTRS - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The asset manager reported $1.90 EPS for the quarter, topping the consensus estimate of $1.85 by $0.05. Northern Trust had a net margin of 12.77% and a return on equity of 13.74%. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.95 billion. On average, sell-side analysts expect that Northern Trust Co. will post 8.27 earnings per share for the current fiscal year.

Northern Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 6th will be given a $0.75 dividend. The ex-dividend date is Friday, June 6th. This represents a $3.00 annualized dividend and a dividend yield of 2.81%. Northern Trust's dividend payout ratio is presently 27.99%.

Analyst Ratings Changes

Several brokerages recently weighed in on NTRS. StockNews.com cut shares of Northern Trust from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Truist Financial reduced their price objective on shares of Northern Trust from $98.00 to $92.00 and set a "hold" rating for the company in a research report on Wednesday, April 23rd. Keefe, Bruyette & Woods boosted their price objective on shares of Northern Trust from $113.00 to $122.00 and gave the stock a "market perform" rating in a research report on Friday, January 24th. Evercore ISI reduced their price objective on shares of Northern Trust from $104.00 to $100.00 and set an "in-line" rating for the company in a research report on Wednesday, April 23rd. Finally, Morgan Stanley reduced their price objective on shares of Northern Trust from $136.00 to $132.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 2nd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $110.83.

Institutional Investors Weigh In On Northern Trust

Several institutional investors and hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. lifted its holdings in Northern Trust by 9.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,296,442 shares of the asset manager's stock valued at $386,809,000 after purchasing an additional 388,692 shares in the last quarter. Nordea Investment Management AB lifted its holdings in Northern Trust by 6.6% in the 4th quarter. Nordea Investment Management AB now owns 15,345 shares of the asset manager's stock valued at $1,576,000 after purchasing an additional 954 shares in the last quarter. Czech National Bank lifted its holdings in Northern Trust by 4.6% in the 4th quarter. Czech National Bank now owns 42,978 shares of the asset manager's stock valued at $4,405,000 after purchasing an additional 1,903 shares in the last quarter. Brookstone Capital Management lifted its holdings in Northern Trust by 16.5% in the 4th quarter. Brookstone Capital Management now owns 8,526 shares of the asset manager's stock valued at $874,000 after purchasing an additional 1,210 shares in the last quarter. Finally, Agate Pass Investment Management LLC purchased a new position in Northern Trust in the 4th quarter valued at about $538,000. 83.19% of the stock is currently owned by hedge funds and other institutional investors.

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.