Northern Trust Corp. (NASDAQ:NTRS) EVP Jeffrey D. Cohodes sold 7,616 shares of the company’s stock in a transaction on Monday, October 10th. The shares were sold at an average price of $72.35, for a total value of $551,017.60. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Jeffrey D. Cohodes also recently made the following trade(s):

  • On Thursday, September 1st, Jeffrey D. Cohodes sold 10,000 shares of Northern Trust Corp. stock. The shares were sold at an average price of $71.35, for a total value of $713,500.00.
  • On Thursday, August 18th, Jeffrey D. Cohodes sold 10,000 shares of Northern Trust Corp. stock. The shares were sold at an average price of $68.51, for a total value of $685,100.00.
  • On Wednesday, August 17th, Jeffrey D. Cohodes sold 14,365 shares of Northern Trust Corp. stock. The shares were sold at an average price of $68.00, for a total value of $976,820.00.

Northern Trust Corp. (NASDAQ:NTRS) opened at 71.11 on Thursday. The firm has a market cap of $16.11 billion, a PE ratio of 17.57 and a beta of 1.13. The firm has a 50-day moving average price of $69.50 and a 200 day moving average price of $68.81. Northern Trust Corp. has a 12-month low of $54.38 and a 12-month high of $76.11.

Northern Trust Corp. (NASDAQ:NTRS) last posted its quarterly earnings results on Wednesday, July 20th. The company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.03. Northern Trust Corp. had a return on equity of 11.38% and a net margin of 19.38%. The business earned $1.32 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter last year, the company posted $1.01 earnings per share. Northern Trust Corp.’s quarterly revenue was up 4.8% on a year-over-year basis. Equities research analysts forecast that Northern Trust Corp. will post $4.24 EPS for the current year.

Insider Buying and Selling by Quarter for Northern Trust Corp. (NASDAQ:NTRS)

The company also recently disclosed a quarterly dividend, which was paid on Saturday, October 1st. Stockholders of record on Friday, September 2nd were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date was Wednesday, August 31st. This is a boost from Northern Trust Corp.’s previous quarterly dividend of $0.36. Northern Trust Corp.’s payout ratio is currently 37.53%.

Several large investors have recently modified their holdings of NTRS. Bank of Montreal Can purchased a new stake in shares of Northern Trust Corp. during the second quarter worth about $36,022,000. Geode Capital Management LLC boosted its stake in shares of Northern Trust Corp. by 1.7% in the first quarter. Geode Capital Management LLC now owns 1,857,786 shares of the company’s stock worth $120,841,000 after buying an additional 30,213 shares in the last quarter. Endeavour Capital Advisors Inc. boosted its stake in shares of Northern Trust Corp. by 44.0% in the first quarter. Endeavour Capital Advisors Inc. now owns 450,274 shares of the company’s stock worth $29,344,000 after buying an additional 137,659 shares in the last quarter. Confluence Investment Management LLC boosted its stake in shares of Northern Trust Corp. by 9.6% in the second quarter. Confluence Investment Management LLC now owns 894,711 shares of the company’s stock worth $59,284,000 after buying an additional 78,216 shares in the last quarter. Finally, HL Financial Services LLC boosted its stake in shares of Northern Trust Corp. by 3.1% in the second quarter. HL Financial Services LLC now owns 638,250 shares of the company’s stock worth $42,290,000 after buying an additional 18,903 shares in the last quarter. Institutional investors own 81.71% of the company’s stock.

A number of research analysts have commented on NTRS shares. Goldman Sachs Group Inc. downgraded Northern Trust Corp. from a “buy” rating to a “neutral” rating and lowered their target price for the company from $82.00 to $71.00 in a research note on Thursday, July 7th. Credit Agricole SA boosted their target price on Northern Trust Corp. from $70.00 to $73.00 and gave the company an “underperform” rating in a research note on Friday, September 23rd. Deutsche Bank AG restated a “hold” rating on shares of Northern Trust Corp. in a research note on Sunday, June 26th. Zacks Investment Research upgraded Northern Trust Corp. from a “sell” rating to a “hold” rating in a research note on Friday, July 22nd. Finally, Citigroup Inc. upgraded Northern Trust Corp. from a “sell” rating to a “neutral” rating and set a $66.00 target price on the stock in a research note on Tuesday, June 28th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $72.27.

About Northern Trust Corp.

Northern Trust Corporation is a financial holding company. The Company provides asset servicing, fund administration, asset management, fiduciary and banking solutions for corporations, institutions, families and individuals around the world. The Company’s segments include Corporate & Institutional Services (C&IS), Wealth Management, and Treasury and Other.

5 Day Chart for NASDAQ:NTRS

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