Northern Trust Corp. (NASDAQ:NTRS) Chairman Frederick H. Waddell sold 200,000 shares of Northern Trust Corp. stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $81.99, for a total value of $16,398,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Frederick H. Waddell also recently made the following trade(s):

  • On Wednesday, November 9th, Frederick H. Waddell sold 53,107 shares of Northern Trust Corp. stock. The stock was sold at an average price of $75.20, for a total value of $3,993,646.40.
  • On Monday, November 7th, Frederick H. Waddell sold 103,214 shares of Northern Trust Corp. stock. The stock was sold at an average price of $73.31, for a total value of $7,566,618.34.
  • On Tuesday, November 8th, Frederick H. Waddell sold 38,939 shares of Northern Trust Corp. stock. The stock was sold at an average price of $74.13, for a total value of $2,886,548.07.
  • On Wednesday, November 9th, Frederick H. Waddell sold 195,260 shares of Northern Trust Corp. stock. The stock was sold at an average price of $73.99, for a total value of $14,447,287.40.
  • On Thursday, November 3rd, Frederick H. Waddell sold 1,900 shares of Northern Trust Corp. stock. The stock was sold at an average price of $73.01, for a total value of $138,719.00.
  • On Thursday, September 8th, Frederick H. Waddell sold 160,367 shares of Northern Trust Corp. stock. The stock was sold at an average price of $69.81, for a total value of $11,195,220.27.

Northern Trust Corp. (NASDAQ:NTRS) opened at 81.50 on Friday. The stock has a market cap of $18.45 billion, a P/E ratio of 19.42 and a beta of 1.02. Northern Trust Corp. has a 12-month low of $54.38 and a 12-month high of $83.09. The firm’s 50 day moving average price is $73.02 and its 200-day moving average price is $69.95.

Northern Trust Corp. (NASDAQ:NTRS) last posted its quarterly earnings data on Wednesday, October 19th. The company reported $1.08 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 company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same quarter in the previous year, the firm posted $0.96 earnings per share. The company’s quarterly revenue was up 5.1% on a year-over-year basis. Equities research 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 disclosed 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. The ex-dividend date is Wednesday, November 30th. This represents a $1.52 annualized dividend and a dividend yield of 1.87%. Northern Trust Corp.’s payout ratio is currently 36.45%.

Several equities research analysts have issued reports on NTRS shares. Zacks Investment Research lowered Northern Trust Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, October 20th. Deutsche Bank AG set a $71.00 target price on Northern Trust Corp. and gave the company a “hold” rating in a research note on Friday, August 5th. Credit Agricole SA boosted their target price on Northern Trust Corp. from $70.00 to $73.00 and gave the company an “underperform” rating in a research note on Friday, September 23rd. Finally, Jefferies Group reissued a “hold” rating and issued a $77.00 target price on shares of Northern Trust Corp. in a research note on Monday, October 10th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $73.42.

Several large investors have recently bought and sold shares of NTRS. Bank of Montreal Can acquired a new position in Northern Trust Corp. during the second quarter worth about $36,022,000. Nuance Investments LLC increased its position in Northern Trust Corp. by 5.6% in the second quarter. Nuance Investments LLC now owns 641,461 shares of the company’s stock worth $42,503,000 after buying an additional 34,261 shares in the last quarter. Endeavour Capital Advisors Inc. increased its position in Northern Trust Corp. by 44.0% in the first quarter. Endeavour Capital Advisors Inc. now owns 450,274 shares of the company’s stock worth $29,344,000 after buying an additional 137,659 shares in the last quarter. Confluence Investment Management LLC increased its position in Northern Trust Corp. by 9.6% in the second quarter. Confluence Investment Management LLC now owns 894,711 shares of the company’s stock worth $59,284,000 after buying an additional 78,216 shares in the last quarter. Finally, HL Financial Services LLC increased its position in Northern Trust Corp. by 3.1% in the second quarter. HL Financial Services LLC now owns 638,250 shares of the company’s stock worth $42,290,000 after buying an additional 18,903 shares in the last quarter. Institutional investors and hedge funds 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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