Jana R. Schreuder Sells 137,102 Shares of Northern Trust Corp. (NTRS) Stock
Northern Trust Corp. (NASDAQ:NTRS) COO Jana R. Schreuder sold 137,102 shares of the company’s stock in a transaction on Wednesday, November 9th. The shares were sold at an average price of $75.12, for a total transaction of $10,299,102.24. Following the completion of the transaction, the chief operating officer now owns 61,631 shares of the company’s stock, valued at approximately $4,629,720.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Jana R. Schreuder also recently made the following trade(s):
- On Thursday, November 3rd, Jana R. Schreuder sold 3,319 shares of Northern Trust Corp. stock. The shares were sold at an average price of $73.01, for a total transaction of $242,320.19.
Shares of Northern Trust Corp. (NASDAQ:NTRS) opened at 78.52 on Friday. The stock’s 50 day moving average is $71.16 and its 200 day moving average is $69.60. Northern Trust Corp. has a 52 week low of $54.38 and a 52 week high of $79.78. The firm has a market cap of $17.78 billion, a P/E ratio of 18.71 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 (EPS) for the quarter, missing the Thomson Reuters’ 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 firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.25 billion. During the same period last year, the firm earned $0.96 EPS. The business’s quarterly revenue was up 5.1% on a year-over-year basis. On average, equities research analysts predict that Northern Trust Corp. will post $4.29 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Sunday, January 1st. Investors of record on Friday, December 2nd will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.94%. The ex-dividend date is Wednesday, November 30th. Northern Trust Corp.’s dividend payout ratio (DPR) is 36.45%.
A number of large investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its stake in Northern Trust Corp. by 651.4% in the second quarter. PNC Financial Services Group Inc. now owns 1,493,608 shares of the company’s stock valued at $98,966,000 after buying an additional 1,294,825 shares during the period. FMR LLC increased its stake in Northern Trust Corp. by 13.8% in the second quarter. FMR LLC now owns 8,583,519 shares of the company’s stock valued at $568,744,000 after buying an additional 1,041,052 shares during the period. JPMorgan Chase & Co. increased its stake in Northern Trust Corp. by 11.0% in the second quarter. JPMorgan Chase & Co. now owns 7,738,990 shares of the company’s stock valued at $512,786,000 after buying an additional 768,081 shares during the period. Bank of Montreal Can purchased a new stake in Northern Trust Corp. during the second quarter valued at about $36,022,000. Finally, American Century Companies Inc. increased its stake in Northern Trust Corp. by 6.4% in the second quarter. American Century Companies Inc. now owns 7,702,813 shares of the company’s stock valued at $510,388,000 after buying an additional 462,106 shares during the period. 81.72% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have issued reports on NTRS shares. Zacks Investment Research upgraded shares of Northern Trust Corp. from a “hold” rating to a “buy” rating and set a $79.00 price objective for the company in a research note on Monday, October 24th. Credit Agricole SA upped their price objective on shares of 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 set a $71.00 price objective on shares of Northern Trust Corp. and gave the company a “hold” rating in a research note on Friday, August 5th. Jefferies Group restated a “hold” rating and issued a $77.00 price objective on shares of Northern Trust Corp. in a research note on Monday, October 10th. Finally, Credit Suisse Group AG set a $68.00 price objective on shares of Northern Trust Corp. and gave the company a “hold” rating in a research note on Wednesday, July 20th. One investment 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. currently has a consensus rating of “Hold” and an average price target of $72.35.
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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