Northern Trust Corporation (NASDAQ:NTRS) saw some unusual options trading on Friday. Traders acquired 18,760 call options on the company. This represents an increase of 1,834% compared to the typical daily volume of 970 call options.

Shares of Northern Trust Corporation (NTRS) opened at 93.27 on Monday. Northern Trust Corporation has a one year low of $68.78 and a one year high of $99.30. The firm has a 50-day moving average price of $89.59 and a 200-day moving average price of $89.97. The stock has a market cap of $21.31 billion, a price-to-earnings ratio of 21.17 and a beta of 0.93.

Northern Trust Corporation (NASDAQ:NTRS) last announced its quarterly earnings results on Wednesday, July 19th. The asset manager reported $1.18 EPS for the quarter, missing the consensus estimate of $1.23 by ($0.05). Northern Trust Corporation had a net margin of 20.21% and a return on equity of 12.08%. The firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same quarter in the previous year, the business posted $1.09 EPS. Northern Trust Corporation’s revenue for the quarter was up .5% compared to the same quarter last year. Analysts anticipate that Northern Trust Corporation will post $4.71 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Sunday, October 1st. Stockholders of record on Friday, September 1st were issued a $0.42 dividend. The ex-dividend date was Wednesday, August 30th. This is a boost from Northern Trust Corporation’s previous quarterly dividend of $0.38. This represents a $1.68 annualized dividend and a dividend yield of 1.80%. Northern Trust Corporation’s dividend payout ratio (DPR) is 38.18%.

Northern Trust Corporation declared that its board has initiated a stock repurchase plan on Wednesday, June 28th that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the asset manager to repurchase up to 3.4% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

In other Northern Trust Corporation news, insider Teresa Parker sold 11,399 shares of the firm’s stock in a transaction on Friday, July 21st. The stock was sold at an average price of $87.65, for a total value of $999,122.35. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Clair Joyce St sold 13,814 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $89.32, for a total value of $1,233,866.48. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 165,094 shares of company stock worth $15,021,309. 1.27% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of NTRS. UBS Asset Management Americas Inc. boosted its holdings in shares of Northern Trust Corporation by 8.5% in the first quarter. UBS Asset Management Americas Inc. now owns 599,175 shares of the asset manager’s stock valued at $51,877,000 after acquiring an additional 47,069 shares in the last quarter. Neuberger Berman Group LLC boosted its holdings in shares of Northern Trust Corporation by 13.5% in the first quarter. Neuberger Berman Group LLC now owns 15,087 shares of the asset manager’s stock valued at $1,306,000 after acquiring an additional 1,798 shares in the last quarter. Kings Point Capital Management bought a new position in shares of Northern Trust Corporation in the first quarter valued at approximately $101,000. Municipal Employees Retirement System of Michigan boosted its holdings in shares of Northern Trust Corporation by 1.3% in the first quarter. Municipal Employees Retirement System of Michigan now owns 6,870 shares of the asset manager’s stock valued at $595,000 after acquiring an additional 90 shares in the last quarter. Finally, Findlay Park Partners LLP boosted its holdings in shares of Northern Trust Corporation by 82.8% in the first quarter. Findlay Park Partners LLP now owns 2,742,643 shares of the asset manager’s stock valued at $237,458,000 after acquiring an additional 1,242,643 shares in the last quarter. Institutional investors and hedge funds own 81.90% of the company’s stock.

A number of analysts have recently commented on the company. BidaskClub upgraded Northern Trust Corporation from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. Zacks Investment Research cut Northern Trust Corporation from a “buy” rating to a “hold” rating in a research report on Friday, July 21st. Buckingham Research reiterated a “neutral” rating and set a $103.00 target price (up previously from $93.00) on shares of Northern Trust Corporation in a research report on Monday, July 10th. Royal Bank Of Canada reiterated a “buy” rating and set a $97.00 target price on shares of Northern Trust Corporation in a research report on Thursday, June 29th. Finally, Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and set a $86.00 target price (down previously from $91.00) on shares of Northern Trust Corporation in a research report on Saturday, July 22nd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Northern Trust Corporation has a consensus rating of “Hold” and an average price target of $96.23.

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About Northern Trust Corporation

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 across the world. Its segments include Corporate & Institutional Services (C&IS), Wealth Management, and Treasury and Other.

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