Insider Selling: Northern Trust Co. (NASDAQ:NTRS) Insider Sells 6,467 Shares of Stock

Northern Trust Co. (NASDAQ:NTRS - Get Free Report) insider Teresa Parker sold 6,467 shares of the firm's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $100.62, for a total value of $650,709.54. Following the transaction, the insider now owns 79,391 shares in the company, valued at approximately $7,988,322.42. This trade represents a 7.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Northern Trust Stock Up 5.0%

Shares of Northern Trust stock traded up $5.06 on Monday, reaching $105.65. 2,025,658 shares of the company were exchanged, compared to its average volume of 1,266,897. Northern Trust Co. has a one year low of $79.68 and a one year high of $114.67. The company has a market capitalization of $20.55 billion, a price-to-earnings ratio of 10.80, a PEG ratio of 1.72 and a beta of 1.18. The company has a current ratio of 0.68, a quick ratio of 0.71 and a debt-to-equity ratio of 0.58. The company has a 50-day moving average of $94.99 and a 200 day moving average of $102.88.

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

Northern Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 6th will be paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date is Friday, June 6th. Northern Trust's dividend payout ratio is currently 27.99%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on NTRS shares. Wells Fargo & Company reduced their target price on Northern Trust from $118.00 to $111.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 23rd. Royal Bank of Canada cut their price objective on Northern Trust from $115.00 to $105.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd. Truist Financial cut their price objective on Northern Trust from $98.00 to $92.00 and set a "hold" rating on the stock in a report on Wednesday, April 23rd. Keefe, Bruyette & Woods lifted their price objective on Northern Trust from $113.00 to $122.00 and gave the company a "market perform" rating in a report on Friday, January 24th. Finally, StockNews.com lowered Northern Trust from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $110.83.

Institutional Investors Weigh In On Northern Trust

A number of institutional investors and hedge funds have recently made changes to their positions in NTRS. Y.D. More Investments Ltd increased its holdings in shares of Northern Trust by 118.4% during the 4th quarter. Y.D. More Investments Ltd now owns 249 shares of the asset manager's stock worth $26,000 after acquiring an additional 135 shares during the last quarter. Colonial Trust Co SC increased its holdings in shares of Northern Trust by 6,400.0% during the 4th quarter. Colonial Trust Co SC now owns 260 shares of the asset manager's stock worth $27,000 after acquiring an additional 256 shares during the last quarter. Continuum Advisory LLC increased its holdings in shares of Northern Trust by 5,340.0% during the 1st quarter. Continuum Advisory LLC now owns 272 shares of the asset manager's stock worth $27,000 after acquiring an additional 267 shares during the last quarter. Zions Bancorporation National Association UT acquired a new position in shares of Northern Trust during the 1st quarter worth approximately $29,000. Finally, Empirical Asset Management LLC acquired a new position in shares of Northern Trust during the 4th quarter worth approximately $33,000. 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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