Northern Trust Corp. (NTRS) CFO Biff Bowman Sells 7,371 Shares of Stock
Northern Trust Corp. (NASDAQ:NTRS) CFO Biff Bowman sold 7,371 shares of Northern Trust Corp. stock in a transaction that occurred on Monday, November 7th. The stock was sold at an average price of $74.00, for a total transaction of $545,454.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Biff Bowman also recently made the following trade(s):
- On Wednesday, September 7th, Biff Bowman sold 2,960 shares of Northern Trust Corp. stock. The stock was sold at an average price of $70.00, for a total transaction of $207,200.00.
Northern Trust Corp. (NASDAQ:NTRS) traded up 1.69% during mid-day trading on Thursday, reaching $78.45. 642,565 shares of the company traded hands. Northern Trust Corp. has a 12-month low of $54.38 and a 12-month high of $79.78. The stock has a market capitalization of $17.76 billion, a price-to-earnings ratio of 18.69 and a beta of 1.02. The company’s 50-day moving average is $70.90 and its 200-day moving average is $69.54.
Northern Trust Corp. (NASDAQ:NTRS) last announced its earnings results on Wednesday, October 19th. The company reported $1.08 EPS for the quarter, missing analysts’ consensus estimates of $1.09 by $0.01. The business had revenue of $1.22 billion for 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%. Northern Trust Corp.’s revenue was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.96 EPS. Equities analysts predict that Northern Trust Corp. will post $4.29 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Sunday, January 1st. Investors of record on Friday, December 2nd will be issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Wednesday, November 30th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.97%. Northern Trust Corp.’s dividend payout ratio is presently 36.45%.
NTRS has been the topic of several recent research reports. Deutsche Bank AG lifted their target price on shares of Northern Trust Corp. from $66.00 to $69.00 and gave the stock a “hold” rating in a research report on Monday, July 18th. Credit Suisse Group AG set a $68.00 price target on shares of Northern Trust Corp. and gave the stock a “hold” rating in a report on Wednesday, July 20th. Zacks Investment Research upgraded shares of Northern Trust Corp. from a “sell” rating to a “hold” rating in a report on Friday, July 22nd. 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. Finally, Credit Agricole SA raised their price target 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. One analyst has rated the stock with a sell rating, ten have issued a hold rating and one has assigned a strong buy rating to the company’s stock. Northern Trust Corp. presently has a consensus rating of “Hold” and a consensus price target of $72.35.
Several institutional investors have recently made changes to their positions in NTRS. Financial Architects Inc increased its position in shares of Northern Trust Corp. by 5,936.0% in the second quarter. Financial Architects Inc now owns 1,509 shares of the company’s stock worth $100,000 after buying an additional 1,484 shares in the last quarter. Global X Management Co. LLC increased its position in shares of 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 worth $102,000 after buying an additional 364 shares in the last quarter. Creative Planning increased 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 worth $116,000 after buying an additional 671 shares during the period. Advisors Asset Management Inc. increased 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 worth $117,000 after buying an additional 717 shares during the period. Finally, Fuller & Thaler Asset Management Inc. purchased a new position in Northern Trust Corp. during the second quarter worth about $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.
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