Northern Trust Corp. (NASDAQ:NTRS) Vice Chairman William L. Morrison sold 55,764 shares of the business’s stock in a transaction on Monday, November 14th. The stock was sold at an average price of $81.38, for a total transaction of $4,538,074.32. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

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

  • On Thursday, November 10th, William L. Morrison sold 20,000 shares of Northern Trust Corp. stock. The stock was sold at an average price of $79.41, for a total transaction of $1,588,200.00.
  • 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 transaction of $7,129,204.23.

Shares of Northern Trust Corp. (NASDAQ:NTRS) opened at 81.04 on Thursday. The company has a market capitalization of $18.35 billion, a PE ratio of 19.31 and a beta of 1.02. The firm’s 50-day moving average is $72.63 and its 200 day moving average is $69.87. Northern Trust Corp. has a 52 week low of $54.38 and a 52 week high of $83.09.

Northern Trust Corp. (NASDAQ:NTRS) last posted its earnings results on Wednesday, October 19th. The company reported $1.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.09 by $0.01. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.25 billion. Northern Trust Corp. had a return on equity of 11.55% and a net margin of 19.58%. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.96 EPS. On average, analysts anticipate 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 business also recently announced a quarterly dividend, which will be paid on Sunday, January 1st. Stockholders of record on Friday, December 2nd will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date of this dividend is Wednesday, November 30th. Northern Trust Corp.’s dividend payout ratio is presently 36.45%.

A number of research firms have weighed in on NTRS. Zacks Investment Research raised shares of Northern Trust Corp. from a “hold” rating to a “buy” rating and set a $93.00 target price for the company in a research report on Wednesday. Jefferies Group reaffirmed a “hold” rating and set a $77.00 price objective on shares of Northern Trust Corp. in a research report on Monday, October 10th. Deutsche Bank AG upped their price objective on shares of Northern Trust Corp. from $75.00 to $76.00 and gave the company a “hold” rating in a research report on Friday, September 9th. 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 report on Friday, September 23rd. 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 report on Wednesday, July 20th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $73.42.

Hedge funds have recently bought and sold shares of the company. Mosaic Family Wealth LLC boosted its stake in Northern Trust Corp. by 47.7% in the third quarter. Mosaic Family Wealth LLC now owns 2,544 shares of the company’s stock worth $173,000 after buying an additional 822 shares in the last quarter. Ameritas Investment Partners Inc. boosted its stake in Northern Trust Corp. by 21.1% in the third quarter. Ameritas Investment Partners Inc. now owns 5,692 shares of the company’s stock worth $386,000 after buying an additional 991 shares in the last quarter. Pioneer Investment Management Inc. boosted its stake in Northern Trust Corp. by 22.6% in the third quarter. Pioneer Investment Management Inc. now owns 263,637 shares of the company’s stock worth $17,925,000 after buying an additional 48,616 shares in the last quarter. Verition Fund Management LLC boosted its stake in Northern Trust Corp. by 52.8% in the third quarter. Verition Fund Management LLC now owns 16,602 shares of the company’s stock worth $1,129,000 after buying an additional 5,736 shares in the last quarter. Finally, Candriam Luxembourg S.C.A. boosted its stake in Northern Trust Corp. by 42.7% in the third quarter. Candriam Luxembourg S.C.A. now owns 42,937 shares of the company’s stock worth $2,919,000 after buying an additional 12,845 shares in the last quarter. Institutional investors own 82.48% of the company’s stock.

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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