Jump Financial LLC Sells 6,509 Shares of Norfolk Southern Corporation $NSC

Jump Financial LLC reduced its position in shares of Norfolk Southern Corporation (NYSE:NSC - Free Report) by 80.2% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,609 shares of the railroad operator's stock after selling 6,509 shares during the quarter. Jump Financial LLC's holdings in Norfolk Southern were worth $381,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Golden State Wealth Management LLC increased its stake in Norfolk Southern by 883.3% during the 1st quarter. Golden State Wealth Management LLC now owns 177 shares of the railroad operator's stock valued at $42,000 after purchasing an additional 159 shares in the last quarter. Dynamic Advisor Solutions LLC increased its stake in Norfolk Southern by 1.9% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 3,571 shares of the railroad operator's stock valued at $846,000 after purchasing an additional 65 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Norfolk Southern by 4.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 71,463 shares of the railroad operator's stock valued at $16,925,000 after purchasing an additional 2,782 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Norfolk Southern by 8.3% during the 1st quarter. GAMMA Investing LLC now owns 4,179 shares of the railroad operator's stock valued at $990,000 after acquiring an additional 321 shares during the last quarter. Finally, Banque Cantonale Vaudoise purchased a new stake in shares of Norfolk Southern during the 1st quarter valued at about $1,042,000. 75.10% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

NSC has been the topic of a number of recent analyst reports. UBS Group raised their price target on shares of Norfolk Southern from $275.00 to $279.00 and gave the company a "buy" rating in a report on Friday, May 30th. Sanford C. Bernstein raised their price target on shares of Norfolk Southern from $295.00 to $305.00 and gave the company an "outperform" rating in a report on Monday, July 21st. Royal Bank Of Canada downgraded shares of Norfolk Southern from a "moderate buy" rating to a "hold" rating in a report on Tuesday, July 29th. Benchmark downgraded shares of Norfolk Southern from a "buy" rating to a "hold" rating in a report on Wednesday, July 30th. Finally, Bank of America raised their price target on shares of Norfolk Southern from $290.00 to $305.00 and gave the company a "buy" rating in a report on Thursday, July 17th. Seven investment analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $285.15.

Norfolk Southern Price Performance

Shares of Norfolk Southern stock traded down $2.23 on Friday, hitting $277.53. 1,302,006 shares of the company traded hands, compared to its average volume of 1,896,946. The stock has a market capitalization of $62.34 billion, a P/E ratio of 18.75, a price-to-earnings-growth ratio of 2.48 and a beta of 1.29. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.71 and a current ratio of 0.79. Norfolk Southern Corporation has a 52 week low of $201.63 and a 52 week high of $291.69. The business has a 50-day simple moving average of $274.85 and a 200 day simple moving average of $249.36.

Norfolk Southern (NYSE:NSC - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The railroad operator reported $3.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.24 by $0.05. The firm had revenue of $3.11 billion for the quarter, compared to analysts' expectations of $3.10 billion. Norfolk Southern had a net margin of 27.51% and a return on equity of 19.35%. Norfolk Southern has set its FY 2025 guidance at EPS. Research analysts expect that Norfolk Southern Corporation will post 13 earnings per share for the current fiscal year.

Norfolk Southern Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 20th. Investors of record on Friday, August 1st were given a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 1.9%. The ex-dividend date was Friday, August 1st. Norfolk Southern's payout ratio is currently 36.49%.

Norfolk Southern Company Profile

Norfolk Southern Corporation, together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods in the United States. The company transports agriculture, forest, and consumer products comprising soybeans, wheat, corn, fertilizers, livestock and poultry feed, food products, food oils, flour, sweeteners, ethanol, lumber and wood products, pulp board and paper products, wood fibers, wood pulp, beverages, and canned goods; chemicals consist of sulfur and related chemicals, petroleum products comprising crude oil, chlorine and bleaching compounds, plastics, rubber, industrial chemicals, chemical wastes, sand, and natural gas liquids; metals and construction materials, such as steel, aluminum products, machinery, scrap metals, cement, aggregates, minerals, clay, transportation equipment, and military-related products; and automotive, including finished motor vehicles and automotive parts, as well as coal.