Northern Trust Co. (NTRS) Insider Peter Cherecwich Sells 5,128 Shares
Northern Trust Co. (NASDAQ:NTRS) insider Peter Cherecwich sold 5,128 shares of Northern Trust stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $97.63, for a total value of $500,646.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Northern Trust Co. (NASDAQ:NTRS) traded down $0.12 during midday trading on Friday, hitting $97.66. The company had a trading volume of 1,243,946 shares, compared to its average volume of 814,428. The company 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. Northern Trust Co. has a 1-year low of $81.92 and a 1-year high of $99.30. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.37.
Northern Trust (NASDAQ:NTRS) last announced its quarterly earnings results on Wednesday, October 18th. The asset manager reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.08. The business had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.35 billion. Northern Trust had a return on equity of 12.33% and a net margin of 20.27%. The business’s revenue was up 11.2% on a year-over-year basis. During the same quarter last year, the business posted $1.11 EPS. equities research analysts forecast that Northern Trust Co. will post 4.68 earnings per share for the current year.
Several research analysts have recently commented on the company. BidaskClub upgraded Northern Trust from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. Wells Fargo & Company assumed coverage on Northern Trust in a research report on Wednesday, August 9th. They issued a “market perform” rating and a $90.00 target price for the company. Zacks Investment Research lowered Northern Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, August 22nd. Buckingham Research lifted their target price on Northern Trust from $95.00 to $97.00 and gave the stock a “neutral” rating in a research report on Thursday, October 19th. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $97.00 target price on shares of Northern Trust in a research report on Friday, August 18th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $97.07.
Several hedge funds and other institutional investors have recently made changes to their positions in NTRS. Creative Planning raised its stake in Northern Trust by 0.8% during the 2nd quarter. Creative Planning now owns 2,374 shares of the asset manager’s stock valued at $231,000 after acquiring an additional 20 shares in the last quarter. Huntington National Bank raised its stake in Northern Trust by 54.0% during the 2nd quarter. Huntington National Bank now owns 1,089 shares of the asset manager’s stock valued at $106,000 after acquiring an additional 382 shares in the last quarter. Parkwood LLC bought a new stake in Northern Trust during the 2nd quarter valued at $328,000. Strs Ohio raised its stake in Northern Trust by 30.3% during the 2nd quarter. Strs Ohio now owns 21,093 shares of the asset manager’s stock valued at $2,050,000 after acquiring an additional 4,908 shares in the last quarter. Finally, NGAM Advisors L.P. raised its stake in Northern Trust by 3.3% during the 2nd quarter. NGAM Advisors L.P. now owns 42,369 shares of the asset manager’s stock valued at $4,119,000 after acquiring an additional 1,337 shares in the last quarter. 81.75% of the stock is currently owned by institutional investors and hedge funds.
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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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