Northern Trust (NASDAQ:NTRS) EVP Susan Cohen Levy Sells 3,922 Shares of Company Stock

Key Points

• Executive insider sale: EVP Susan Cohen Levy sold 3,922 Northern Trust shares for approximately $661,602 at an average price of $168.69, reducing her direct holdings by 6.2% to 59,378 shares. She also sold 16,984 shares the previous week.
• Solid quarterly performance: Northern Trust reported quarterly EPS of $3.40, exceeding analyst expectations of $2.87, while revenue rose 13.4% year over year to $2.29 billion.
• Stock and outlook: Shares recently traded at $170.35, up 0.5%, while analysts maintain a consensus “Hold” rating with an average price target of $183.47. The company also declared a quarterly dividend of $0.88 per share, implying a 2.1% yield.

Northern Trust Corporation (NASDAQ:NTRS - Get Free Report) EVP Susan Levy sold 3,922 shares of Northern Trust stock in a transaction dated Monday, October 26th. The shares were sold at an average price of $168.69, for a total value of $661,602.18. Following the completion of the sale, the executive vice president directly owned 59,378 shares in the company, valued at $10,016,474.82. This represents a 6.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Susan Cohen Levy also recently made the following trade(s):

• On Friday, October 23rd, Susan Levy sold 16,984 shares of Northern Trust stock. The shares were sold at an average price of $168.15, for a total value of $2,855,859.60.

Northern Trust Stock Up 0.5%

Shares of NTRS stock traded up $0.80 on Tuesday, hitting $170.35. 984,256 shares of the stock were exchanged, compared to its average volume of 1,103,491. The company has a current ratio of 0.61, a quick ratio of 0.65 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $31.17 billion, a P/E ratio of 13.35, a price-to-earnings-growth ratio of 0.93 and a beta of 1.24. Northern Trust Corporation has a fifty-two week low of $121.53 and a fifty-two week high of $195.78. The business has a 50-day moving average of $177.27 and a 200 day moving average of $164.63.

Northern Trust (NASDAQ:NTRS - Get Free Report) last announced its earnings results on Wednesday, October 21st. The asset manager reported $3.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.87 by $0.53. The business had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.26 billion. Northern Trust had a return on equity of 17.97% and a net margin of 15.86%. Northern Trust's revenue for the quarter was up 13.4% compared to the same quarter last year. During the same quarter last year, the firm earned $2.29 EPS. Equities analysts anticipate that Northern Trust Corporation will post 11.95 EPS for the current year.

Northern Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 1st. Stockholders of record on Friday, December 4th will be paid a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Friday, December 4th. Northern Trust's dividend payout ratio (DPR) is currently 27.59%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Continuum Advisory LLC bought a new stake in shares of Northern Trust during the 2nd quarter worth approximately $26,000. Basecamp Wealth Advisors LLC grew its stake in shares of Northern Trust by 99.0% in the first quarter. Basecamp Wealth Advisors LLC now owns 203 shares of the asset manager's stock valued at $28,000 after buying an additional 101 shares in the last quarter. NBH Bank bought a new position in shares of Northern Trust in the second quarter valued at $30,000. Keating Financial Advisory Services Inc. acquired a new position in Northern Trust during the second quarter worth $31,000. Finally, Clearstead Trust LLC acquired a new position in Northern Trust during the second quarter worth $37,000. 83.19% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on NTRS shares. Royal Bank Of Canada downgraded shares of Northern Trust from an "outperform" rating to a "sector perform" rating and set a $178.00 price objective on the stock. in a report on Wednesday, July 22nd. TD Cowen started coverage on shares of Northern Trust in a report on Thursday, October 8th. They set a "hold" rating and a $175.00 target price for the company. Evercore set a $183.00 target price on shares of Northern Trust in a research report on Thursday, October 1st. Wells Fargo & Company lifted their price target on shares of Northern Trust from $189.00 to $194.00 and gave the company an "equal weight" rating in a research note on Thursday, July 23rd. Finally, Barclays lifted their price target on shares of Northern Trust from $189.00 to $194.00 and gave the company an "equal weight" rating in a research note on Thursday, October 22nd. Three research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $183.47.

About Northern Trust

Northern Trust Corporation NASDAQ: NTRS is a financial services company that provides wealth management, asset servicing, asset management and banking services. The company serves institutional investors, corporations, financial institutions, high-net-worth individuals and families.

Its offerings include custody and administration of investment assets, fund accounting, securities lending, foreign exchange, treasury services, investment management, trust and estate services, private banking and wealth planning.

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