Northern Trust Corp. (NASDAQ:NTRS) EVP Jeffrey D. Cohodes sold 10,000 shares of Northern Trust Corp. stock in a transaction that occurred on Tuesday, November 15th. The stock was sold at an average price of $81.23, for a total value of $812,300.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • On Monday, November 14th, Jeffrey D. Cohodes sold 6,000 shares of Northern Trust Corp. stock. The stock was sold at an average price of $80.91, for a total value of $485,460.00.
  • On Thursday, November 10th, Jeffrey D. Cohodes sold 15,000 shares of Northern Trust Corp. stock. The stock was 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 stock was 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 stock was 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 stock was sold at an average price of $68.51, for a total value of $685,100.00.

Shares of Northern Trust Corp. (NASDAQ:NTRS) opened at 81.50 on Monday. Northern Trust Corp. has a 52 week low of $54.38 and a 52 week high of $83.09. The stock has a 50 day moving average price of $73.20 and a 200-day moving average price of $69.93. The firm has a market capitalization of $18.45 billion, a PE ratio of 19.42 and a beta of 1.02.

Northern Trust Corp. (NASDAQ:NTRS) last released its quarterly earnings results on Wednesday, October 19th. The company reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.09 by $0.01. The firm earned $1.22 billion during 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 revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.96 EPS. Equities analysts anticipate that Northern Trust Corp. will post $4.29 earnings per share for the current 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. Investors of record on Friday, December 2nd will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date is Wednesday, November 30th. Northern Trust Corp.’s dividend payout ratio is currently 36.45%.

A number of brokerages have recently issued reports on NTRS. Zacks Investment Research raised Northern Trust Corp. from a “hold” rating to a “buy” rating and set a $78.00 price target on the stock in a research note on Wednesday, October 5th. Jefferies Group reiterated a “hold” rating and set a $71.00 price objective (up previously from $68.00) on shares of Northern Trust Corp. in a research report on Sunday, July 24th. Deutsche Bank AG lifted their price objective on Northern Trust Corp. from $75.00 to $76.00 and gave the stock a “hold” rating in a research report on Friday, September 9th. Finally, Credit Agricole SA lifted their price objective on Northern Trust Corp. from $70.00 to $73.00 and gave the stock an “underperform” rating in a research report on Friday, September 23rd. One 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 company. Northern Trust Corp. presently has a consensus rating of “Hold” and a consensus target price of $73.42.

Large investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. boosted its stake in shares of Northern Trust Corp. by 651.4% in the second quarter. PNC Financial Services Group Inc. now owns 1,493,608 shares of the company’s stock worth $98,966,000 after buying an additional 1,294,825 shares during the period. FMR LLC boosted 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 worth $568,744,000 after buying an additional 1,041,052 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Northern Trust Corp. by 11.0% in the second quarter. JPMorgan Chase & Co. now owns 7,738,990 shares of the company’s stock worth $512,786,000 after buying an additional 768,081 shares during the period. Bank of Montreal Can bought a new stake in shares of Northern Trust Corp. during the second quarter worth approximately $36,022,000. Finally, American Century Companies Inc. boosted 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 worth $510,388,000 after buying an additional 462,106 shares during the period. Institutional investors and hedge funds own 81.31% 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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