Northern Trust Co. (NTRS) EVP Clair Joyce St Sells 18,489 Shares
Northern Trust Co. (NASDAQ:NTRS) EVP Clair Joyce St sold 18,489 shares of Northern Trust stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $97.51, for a total value of $1,802,862.39. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Clair Joyce St also recently made the following trade(s):
- On Wednesday, October 18th, Clair Joyce St sold 7,665 shares of Northern Trust stock. The stock was sold at an average price of $95.00, for a total value of $728,175.00.
Northern Trust Co. (NTRS) traded down $0.12 on Friday, hitting $97.66. The company’s stock had a trading volume of 1,243,946 shares, compared to its average volume of 814,428. Northern Trust Co. has a 1 year low of $81.92 and a 1 year high of $99.30. The firm has a market cap of $22,237.23, a P/E ratio of 21.35, a price-to-earnings-growth ratio of 2.16 and a beta of 0.96. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.71 and a quick ratio of 0.71.
The company also recently declared a quarterly dividend, which will be paid on Monday, January 1st. Shareholders of record on Friday, December 1st will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 1.72%. The ex-dividend date of this dividend is Thursday, November 30th. Northern Trust’s dividend payout ratio is 37.17%.
Several research analysts have weighed in on NTRS shares. UBS upgraded Northern Trust from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $92.00 to $100.00 in a report on Friday, September 8th. Royal Bank Of Canada reiterated a “buy” rating and set a $97.00 target price on shares of Northern Trust in a report on Friday, August 18th. Bank of America set a $102.00 target price on Northern Trust and gave the stock a “buy” rating in a report on Thursday, October 19th. Zacks Investment Research upgraded Northern Trust from a “sell” rating to a “hold” rating in a report on Monday, September 25th. Finally, BidaskClub upgraded Northern Trust from a “sell” rating to a “hold” rating in a report on Friday, August 11th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $97.07.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Schwab Charles Investment Management Inc. raised its stake in shares of Northern Trust by 4.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 675,307 shares of the asset manager’s stock valued at $65,647,000 after purchasing an additional 26,164 shares during the period. Principal Financial Group Inc. increased its position in shares of Northern Trust by 0.7% in the second quarter. Principal Financial Group Inc. now owns 337,497 shares of the asset manager’s stock valued at $32,808,000 after acquiring an additional 2,298 shares during the last quarter. Eaton Vance Management increased its position in shares of Northern Trust by 0.3% in the second quarter. Eaton Vance Management now owns 753,651 shares of the asset manager’s stock valued at $73,262,000 after acquiring an additional 2,397 shares during the last quarter. Delta Lloyd Asset Management N.V. acquired a new stake in shares of Northern Trust in the second quarter valued at about $2,799,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Northern Trust by 3.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 43,316 shares of the asset manager’s stock valued at $4,211,000 after acquiring an additional 1,617 shares during the last quarter. 81.75% of the stock is currently owned by hedge funds and other institutional investors.
Northern Trust 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 across the world. Its segments include Corporate & Institutional Services (C&IS), Wealth Management, and Treasury and Other.
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