Northern Trust Corp. (NASDAQ:NTRS) EVP Clair Joyce St sold 48,180 shares of Northern Trust Corp. stock in a transaction dated Monday, November 7th. The stock was sold at an average price of $73.07, for a total value of $3,520,512.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Clair Joyce St also recently made the following trade(s):

  • On Wednesday, November 9th, Clair Joyce St sold 95,396 shares of Northern Trust Corp. stock. The stock was sold at an average price of $74.31, for a total value of $7,088,876.76.
  • On Thursday, November 3rd, Clair Joyce St sold 1,820 shares of Northern Trust Corp. stock. The stock was sold at an average price of $73.00, for a total value of $132,860.00.
  • On Monday, August 29th, Clair Joyce St sold 50,010 shares of Northern Trust Corp. stock. The stock was sold at an average price of $70.04, for a total value of $3,502,700.40.
  • On Tuesday, August 23rd, Clair Joyce St sold 5,748 shares of Northern Trust Corp. stock. The stock was sold at an average price of $69.00, for a total value of $396,612.00.

Shares of Northern Trust Corp. (NASDAQ:NTRS) opened at 77.15 on Thursday. Northern Trust Corp. has a one year low of $54.38 and a one year high of $77.28. The stock has a market cap of $17.47 billion, a price-to-earnings ratio of 18.38 and a beta of 1.02. The company has a 50 day moving average price of $70.90 and a 200-day moving average price of $69.54.

Northern Trust Corp. (NASDAQ:NTRS) last released its earnings results on Wednesday, October 19th. The company reported $1.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.09 by $0.01. Northern Trust Corp. had a return on equity of 11.55% and a net margin of 19.58%. The business earned $1.22 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same period last year, the business earned $0.96 earnings per share. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. 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 firm also recently announced a quarterly dividend, which will be paid on Sunday, January 1st. Shareholders of record on Friday, December 2nd will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date of this dividend is Wednesday, November 30th. Northern Trust Corp.’s dividend payout ratio (DPR) is 36.45%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FDO Partners LLC raised its position in Northern Trust Corp. by 44.6% in the third quarter. FDO Partners LLC now owns 7,323 shares of the company’s stock worth $498,000 after buying an additional 2,257 shares during the period. Westpac Banking Corp raised its position in Northern Trust Corp. by 10.7% in the third quarter. Westpac Banking Corp now owns 13,487 shares of the company’s stock worth $917,000 after buying an additional 1,300 shares during the period. Mitsubishi UFJ Trust & Banking Corp raised its position in Northern Trust Corp. by 0.9% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 449,362 shares of the company’s stock worth $30,552,000 after buying an additional 3,835 shares during the period. Suntrust Banks Inc. raised its position in Northern Trust Corp. by 2.2% in the third quarter. Suntrust Banks Inc. now owns 37,025 shares of the company’s stock worth $2,516,000 after buying an additional 802 shares during the period. Finally, Bridgewater Associates LP raised its position in Northern Trust Corp. by 216.4% in the third quarter. Bridgewater Associates LP now owns 40,500 shares of the company’s stock worth $2,754,000 after buying an additional 27,700 shares during the period. 81.72% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have 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 report on Wednesday, October 5th. Deutsche Bank AG lifted their target price on Northern Trust Corp. from $75.00 to $76.00 and gave the stock a “hold” rating in a report on Friday, September 9th. Jefferies Group reaffirmed a “hold” rating and issued a $71.00 target price (up 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 objective on Northern Trust Corp. and gave the stock a “hold” rating in a research note on Wednesday, July 20th. Finally, Credit Agricole SA boosted their price objective on Northern Trust Corp. from $70.00 to $73.00 and gave the stock an “underperform” rating in a research note on Friday, September 23rd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $72.35.

Northern Trust Corp. Company Profile

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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