Northern Trust Corp. (NASDAQ:NTRS) EVP Jeffrey D. Cohodes sold 6,000 shares of the business’s stock in a transaction dated Monday, November 14th. The shares were sold at an average price of $80.91, for a total value of $485,460.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Jeffrey D. Cohodes also recently made the following trade(s):

  • On Thursday, November 10th, Jeffrey D. Cohodes sold 15,000 shares of Northern Trust Corp. stock. The shares were sold at an average price of $77.90, for a total value of $1,168,500.00.
  • On Monday, October 10th, Jeffrey D. Cohodes sold 7,616 shares of Northern Trust Corp. stock. The shares were sold at an average price of $72.35, for a total value of $551,017.60.
  • On Thursday, September 1st, Jeffrey D. Cohodes sold 10,000 shares of Northern Trust Corp. stock. The shares were sold at an average price of $71.35, for a total value of $713,500.00.
  • On Thursday, August 18th, Jeffrey D. Cohodes sold 10,000 shares of Northern Trust Corp. stock. The shares were sold at an average price of $68.51, for a total value of $685,100.00.
  • On Wednesday, August 17th, Jeffrey D. Cohodes sold 14,365 shares of Northern Trust Corp. stock. The shares were sold at an average price of $68.00, for a total value of $976,820.00.

Shares of Northern Trust Corp. (NASDAQ:NTRS) opened at 82.97 on Wednesday. Northern Trust Corp. has a 1-year low of $54.38 and a 1-year high of $83.09. The company has a 50-day moving average price of $72.25 and a 200-day moving average price of $69.79. The stock has a market cap of $18.79 billion, a price-to-earnings ratio of 19.77 and a beta of 1.02.

Northern Trust Corp. (NASDAQ:NTRS) last announced its quarterly earnings results on Wednesday, October 19th. The company reported $1.08 EPS for the quarter, missing the consensus estimate of $1.09 by $0.01. Northern Trust Corp. had a net margin of 19.58% and a return on equity of 11.55%. The firm earned $1.22 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same quarter in the previous year, the business posted $0.96 EPS. Northern Trust Corp.’s revenue for the quarter was up 5.1% compared to the same quarter last year. On average, equities analysts expect 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 company also recently declared 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. The ex-dividend date is Wednesday, November 30th. This represents a $1.52 annualized dividend and a dividend yield of 1.83%. Northern Trust Corp.’s payout ratio is currently 36.45%.

Several large investors have recently made changes to their positions in NTRS. Vanguard Group Inc. raised its stake in shares of Northern Trust Corp. by 1.5% in the second quarter. Vanguard Group Inc. now owns 12,804,278 shares of the company’s stock valued at $848,412,000 after buying an additional 187,195 shares during the last quarter. FMR LLC raised its stake in shares of 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 last quarter. JPMorgan Chase & Co. raised its stake in shares of Northern Trust Corp. by 8.9% in the third quarter. JPMorgan Chase & Co. now owns 8,427,802 shares of the company’s stock valued at $573,006,000 after buying an additional 688,812 shares during the last quarter. American Century Companies Inc. raised its stake in shares of 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 last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its stake in shares of Northern Trust Corp. by 1.3% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 5,489,309 shares of the company’s stock valued at $373,218,000 after buying an additional 68,344 shares during the last quarter. Institutional investors own 82.48% of the company’s stock.

A number of equities research analysts have weighed in on NTRS shares. Credit Suisse Group AG set a $68.00 price objective on Northern Trust Corp. and gave the company a “hold” rating in a report on Wednesday, July 20th. Zacks Investment Research raised Northern Trust Corp. from a “sell” rating to a “hold” rating in a report on Friday, July 22nd. Jefferies Group reaffirmed a “hold” rating and issued a $71.00 price objective (up previously from $68.00) on shares of Northern Trust Corp. in a report on Sunday, July 24th. Deutsche Bank AG set a $71.00 price objective on Northern Trust Corp. and gave the company a “hold” rating in a report on Friday, August 5th. Finally, Credit Agricole SA lifted their price objective on Northern Trust Corp. from $70.00 to $73.00 and gave the company an “underperform” rating in a report on Friday, September 23rd. One research 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. Northern Trust Corp. presently has an average rating of “Hold” and a consensus target price 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.

5 Day Chart for NASDAQ:NTRS

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