Northern Trust Corp. (NASDAQ:NTRS) CEO Frederick H. Waddell sold 38,939 shares of the stock in a transaction that occurred on Tuesday, November 8th. The shares were sold at an average price of $74.13, for a total transaction of $2,886,548.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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 transaction of $3,993,646.40.
  • On Monday, November 7th, Frederick H. Waddell sold 103,214 shares of Northern Trust Corp. stock. The stock was sold at an average price of $73.31, for a total transaction of $7,566,618.34.
  • 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 transaction 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 transaction 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 transaction of $11,195,220.27.

Northern Trust Corp. (NASDAQ:NTRS) opened at 77.15 on Thursday. Northern Trust Corp. has a 12-month low of $54.38 and a 12-month high of $77.28. The stock’s 50 day moving average is $70.90 and its 200-day moving average is $69.54. The company has a market cap of $17.47 billion, a P/E ratio of 18.38 and a beta of 1.02.

Northern Trust Corp. (NASDAQ:NTRS) last released its quarterly earnings results 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 company earned $1.22 billion during the quarter, compared to analyst estimates 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 quarter last year, the company earned $0.96 EPS. 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 business also recently declared a quarterly dividend, which will be paid on Sunday, January 1st. Stockholders of record on Friday, December 2nd will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.97%. The ex-dividend date is Wednesday, November 30th. Northern Trust Corp.’s dividend payout ratio (DPR) is presently 36.45%.

NTRS has been the subject of a number of research reports. Zacks Investment Research upgraded shares of Northern Trust Corp. from a “hold” rating to a “buy” rating and set a $79.00 target price for the company in a report on Monday, October 24th. Credit Agricole SA raised their target price on shares of Northern Trust Corp. from $70.00 to $73.00 and gave the stock an “underperform” rating in a report on Friday, September 23rd. Deutsche Bank AG set a $71.00 target price on shares of Northern Trust Corp. and gave the stock a “hold” rating in a report on Friday, August 5th. Jefferies Group restated a “hold” rating and set a $77.00 target price on shares of Northern Trust Corp. in a report on Monday, October 10th. Finally, Credit Suisse Group AG set a $68.00 price target on shares of Northern Trust Corp. and gave the company a “hold” rating in a research report on Wednesday, July 20th. 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. Northern Trust Corp. presently has an average rating of “Hold” and a consensus price target of $72.35.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NTRS. Financial Architects Inc boosted its position in Northern Trust Corp. by 5,936.0% in the second quarter. Financial Architects Inc now owns 1,509 shares of the company’s stock valued at $100,000 after buying an additional 1,484 shares during the period. Global X Management Co. LLC boosted its position in Northern Trust Corp. by 30.8% in the second quarter. Global X Management Co. LLC now owns 1,545 shares of the company’s stock valued at $102,000 after buying an additional 364 shares during the period. Creative Planning boosted its position in Northern Trust Corp. by 61.9% in the second quarter. Creative Planning now owns 1,755 shares of the company’s stock valued at $116,000 after buying an additional 671 shares during the period. Advisors Asset Management Inc. boosted its position in Northern Trust Corp. by 71.7% in the third quarter. Advisors Asset Management Inc. now owns 1,717 shares of the company’s stock valued at $117,000 after buying an additional 717 shares during the period. Finally, Fuller & Thaler Asset Management Inc. bought a new position in Northern Trust Corp. during the second quarter valued at $119,000. Institutional investors own 81.72% of the company’s stock.

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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