Northern Trust Corp. (NASDAQ:NTRS) Vice Chairman William L. Morrison sold 20,000 shares of Northern Trust Corp. stock in a transaction dated Thursday, November 10th. The stock was sold at an average price of $79.41, for a total value of $1,588,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

William L. Morrison also recently made the following trade(s):

  • On Monday, November 14th, William L. Morrison sold 55,764 shares of Northern Trust Corp. stock. The stock was sold at an average price of $81.38, for a total value of $4,538,074.32.
  • On Monday, October 31st, William L. Morrison sold 98,239 shares of Northern Trust Corp. stock. The stock was sold at an average price of $72.57, for a total value of $7,129,204.23.

Shares of Northern Trust Corp. (NASDAQ:NTRS) opened at 82.82 on Tuesday. The company has a 50 day moving average price of $71.82 and a 200-day moving average price of $69.70. The stock has a market cap of $18.75 billion, a price-to-earnings ratio of 19.73 and a beta of 1.02. Northern Trust Corp. has a one year low of $54.38 and a one year high of $82.91.

Northern Trust Corp. (NASDAQ:NTRS) last released its quarterly earnings data on Wednesday, October 19th. The company reported $1.08 EPS for the quarter, missing the Zacks’ consensus estimate of $1.09 by $0.01. The business 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 revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.96 EPS. Equities analysts predict that Northern Trust Corp. will post $4.28 earnings per share for the current fiscal year.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, January 1st. Shareholders of record on Friday, December 2nd will be issued a $0.38 dividend. The ex-dividend date of this dividend is Wednesday, November 30th. This represents a $1.52 dividend on an annualized basis and a yield of 1.84%. Northern Trust Corp.’s payout ratio is 36.45%.

Several equities research analysts have weighed in on the company. 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. Zacks Investment Research raised Northern Trust Corp. from a “hold” rating to a “buy” rating and set a $78.00 price objective on the stock in a research note on Wednesday, October 5th. Jefferies Group reissued a “hold” rating and set a $71.00 price objective (up from $68.00) on shares of Northern Trust Corp. in a research note on Sunday, July 24th. Deutsche Bank AG boosted their price objective 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. 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 analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $72.35.

Hedge funds have recently added to or reduced their stakes in the stock. Alpha Windward LLC increased its stake in Northern Trust Corp. by 1.1% in the third quarter. Alpha Windward LLC now owns 2,208 shares of the company’s stock worth $150,000 after buying an additional 25 shares during the last quarter. Conning Inc. increased its stake in shares of Northern Trust Corp. by 0.6% in the third quarter. Conning Inc. now owns 6,353 shares of the company’s stock worth $432,000 after buying an additional 40 shares in the last quarter. West Oak Capital LLC increased its stake in shares of Northern Trust Corp. by 0.4% in the second quarter. West Oak Capital LLC now owns 17,315 shares of the company’s stock worth $1,147,000 after buying an additional 65 shares in the last quarter. Gateway Investment Advisers LLC increased its stake in shares of Northern Trust Corp. by 0.4% in the third quarter. Gateway Investment Advisers LLC now owns 15,332 shares of the company’s stock worth $1,042,000 after buying an additional 67 shares in the last quarter. Finally, RBF Capital LLC increased its stake in shares of Northern Trust Corp. by 1.0% in the third quarter. RBF Capital LLC now owns 10,000 shares of the company’s stock worth $680,000 after buying an additional 100 shares in the last quarter. Institutional investors own 82.48% 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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