Northern Trust Corp. (NASDAQ:NTRS) CEO Frederick H. Waddell sold 103,214 shares of the stock in a transaction dated Monday, November 7th. The stock was sold at an average price of $73.31, for a total value of $7,566,618.34. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Frederick H. Waddell also recently made the following trade(s):

  • On Wednesday, November 9th, Frederick H. Waddell sold 53,107 shares of Northern Trust Corp. stock. The stock was sold at an average price of $75.20, for a total value of $3,993,646.40.
  • On Tuesday, November 8th, Frederick H. Waddell sold 38,939 shares of Northern Trust Corp. stock. The stock was sold at an average price of $74.13, for a total value of $2,886,548.07.
  • On Wednesday, November 9th, Frederick H. Waddell sold 195,260 shares of Northern Trust Corp. stock. The stock was sold at an average price of $73.99, for a total value of $14,447,287.40.
  • On Thursday, November 3rd, Frederick H. Waddell sold 1,900 shares of Northern Trust Corp. stock. The stock was sold at an average price of $73.01, for a total value of $138,719.00.
  • On Thursday, September 8th, Frederick H. Waddell sold 160,367 shares of Northern Trust Corp. stock. The stock was sold at an average price of $69.81, for a total value of $11,195,220.27.

Shares of Northern Trust Corp. (NASDAQ:NTRS) opened at 77.15 on Thursday. Northern Trust Corp. has a 52-week low of $54.38 and a 52-week high of $77.28. The firm has a market capitalization of $17.47 billion, a PE ratio of 18.38 and a beta of 1.02. The firm’s 50-day moving average price is $70.90 and its 200-day moving average price is $69.54.

Northern Trust Corp. (NASDAQ:NTRS) last announced its quarterly earnings data on Wednesday, October 19th. The company reported $1.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.09 by $0.01. The firm earned $1.22 billion during the quarter, compared to the consensus estimate of $1.25 billion. Northern Trust Corp. had a net margin of 19.58% and a return on equity of 11.55%. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.96 earnings per share. On average, equities analysts predict that Northern Trust Corp. will post $4.29 earnings per share for the current fiscal year.

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

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, January 1st. Investors of record on Friday, December 2nd will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.97%. The ex-dividend date of this dividend is Wednesday, November 30th. Northern Trust Corp.’s dividend payout ratio is currently 36.45%.

Several equities analysts recently issued reports on NTRS shares. Zacks Investment Research raised Northern Trust Corp. from a “hold” rating to a “buy” rating and set a $78.00 target price on the stock in a research note on Wednesday, October 5th. Deutsche Bank AG increased their target price on Northern Trust Corp. from $75.00 to $76.00 and gave the stock a “hold” rating in a research note on Friday, September 9th. Jefferies Group restated a “hold” rating and set a $71.00 price target (up previously from $68.00) on shares of Northern Trust Corp. in a report on Sunday, July 24th. Credit Suisse Group AG set a $68.00 price target on Northern Trust Corp. and gave the stock a “hold” rating in a report on Wednesday, July 20th. Finally, Credit Agricole SA upped their price target on Northern Trust Corp. from $70.00 to $73.00 and gave the stock an “underperform” rating in a report on Friday, September 23rd. One research analyst has rated the stock with a sell rating, ten have given a hold rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $72.35.

A number of hedge funds have recently made changes to their positions in NTRS. Lowe Brockenbrough & Co. Inc. purchased a new position in Northern Trust Corp. during the first quarter worth approximately $595,000. Arizona State Retirement System increased its position in shares of Northern Trust Corp. by 1.6% in the first quarter. Arizona State Retirement System now owns 58,404 shares of the company’s stock worth $3,806,000 after buying an additional 900 shares in the last quarter. Endeavour Capital Advisors Inc. increased its position 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. Eachwin Capital LP purchased a new position in shares of Northern Trust Corp. during the first quarter worth approximately $431,000. Finally, Panagora Asset Management Inc. increased its position in shares of Northern Trust Corp. by 269.5% in the first quarter. Panagora Asset Management Inc. now owns 199,161 shares of the company’s stock worth $12,979,000 after buying an additional 145,265 shares in the last quarter. 81.72% of the stock is owned by hedge funds and other institutional investors.

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

Receive News & Stock Ratings for Northern Trust Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northern Trust Corp. and related stocks with our FREE daily email newsletter.