Steven L. Fradkin Sells 323,192 Shares of Northern Trust Corp. (NTRS) Stock
Northern Trust Corp. (NASDAQ:NTRS) insider Steven L. Fradkin sold 323,192 shares of the company’s stock in a transaction dated Wednesday, November 16th. The shares were sold at an average price of $80.98, for a total transaction of $26,172,088.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Steven L. Fradkin also recently made the following trade(s):
- On Thursday, November 10th, Steven L. Fradkin sold 20,124 shares of Northern Trust Corp. stock. The shares were sold at an average price of $77.95, for a total transaction of $1,568,665.80.
Shares of Northern Trust Corp. (NASDAQ:NTRS) opened at 81.50 on Friday. The stock has a market capitalization of $18.45 billion, a P/E ratio of 19.42 and a beta of 1.02. The company’s 50-day moving average is $73.02 and its 200 day moving average is $69.95. 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 issued its quarterly earnings results on Wednesday, October 19th. The company reported $1.08 EPS for the quarter, missing analysts’ consensus estimates of $1.09 by $0.01. The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations 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 last year, the firm earned $0.96 earnings per share. On average, equities analysts forecast that Northern Trust Corp. will post $4.29 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Sunday, January 1st. Stockholders of record on Friday, December 2nd will be issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Wednesday, November 30th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.87%. Northern Trust Corp.’s dividend payout ratio (DPR) is presently 36.45%.
Several large investors have recently modified their holdings of NTRS. West Oak Capital LLC boosted its stake in Northern Trust Corp. by 0.4% in the second quarter. West Oak Capital LLC now owns 17,315 shares of the company’s stock valued at $1,147,000 after buying an additional 65 shares in the last quarter. BlueMountain Capital Management LLC bought a new stake in Northern Trust Corp. during the first quarter valued at about $254,000. Lowe Brockenbrough & Co. Inc. bought a new stake in Northern Trust Corp. during the first quarter valued at about $595,000. Arizona State Retirement System boosted its stake in Northern Trust Corp. by 1.6% in the first quarter. Arizona State Retirement System now owns 58,404 shares of the company’s stock valued at $3,806,000 after buying an additional 900 shares in the last quarter. Finally, Endeavour Capital Advisors Inc. boosted its stake 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 valued at $29,344,000 after buying an additional 137,659 shares in the last quarter. Institutional investors and hedge funds own 82.48% of the company’s stock.
Several equities analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Northern Trust Corp. from a “sell” rating to a “hold” rating in a report on Friday, July 22nd. Jefferies Group reiterated a “hold” rating and issued a $71.00 target price (up from $68.00) on shares of Northern Trust Corp. in a report on Sunday, July 24th. Deutsche Bank AG boosted their target price on shares of Northern Trust Corp. from $75.00 to $76.00 and gave the company a “hold” rating in a report on Friday, September 9th. Finally, Credit Agricole SA boosted their target price on shares of Northern Trust Corp. from $70.00 to $73.00 and gave the company an “underperform” rating in a report on Friday, September 23rd. 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 stock. The company currently has an average rating of “Hold” and a consensus price target of $73.42.
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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