Northern Trust Co. (NASDAQ:NTRS) insider Peter Cherecwich sold 7,331 shares of the firm’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $99.09, for a total value of $726,428.79. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Peter Cherecwich also recently made the following trade(s):

  • On Thursday, November 30th, Peter Cherecwich sold 5,128 shares of Northern Trust stock. The stock was sold at an average price of $97.63, for a total value of $500,646.64.

Northern Trust Co. (NASDAQ:NTRS) traded down $2.00 during midday trading on Wednesday, hitting $96.95. The company’s stock had a trading volume of 1,164,600 shares, compared to its average volume of 1,145,287. The stock has a market cap of $22,503.32, a price-to-earnings ratio of 21.60, a P/E/G ratio of 2.19 and a beta of 0.96. Northern Trust Co. has a twelve month low of $81.92 and a twelve month high of $99.66. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.71 and a quick ratio of 0.71.

Northern Trust (NASDAQ:NTRS) last released its quarterly earnings data on Wednesday, October 18th. The asset manager reported $1.20 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.12 by $0.08. The business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.35 billion. Northern Trust had a return on equity of 12.33% and a net margin of 20.27%. The company’s revenue was up 11.2% on a year-over-year basis. During the same quarter last year, the business posted $1.11 EPS. sell-side analysts expect that Northern Trust Co. will post 4.68 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 1st. Shareholders of record on Friday, December 1st will be paid a dividend of $0.42 per share. The ex-dividend date is Thursday, November 30th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.73%. Northern Trust’s payout ratio is currently 37.17%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NTRS. Alyeska Investment Group L.P. purchased a new position in shares of Northern Trust during the 3rd quarter valued at about $128,778,000. Arrowstreet Capital Limited Partnership increased its stake in shares of Northern Trust by 7,106.6% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 526,081 shares of the asset manager’s stock valued at $51,140,000 after purchasing an additional 518,781 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Northern Trust by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 14,255,623 shares of the asset manager’s stock valued at $1,385,789,000 after purchasing an additional 363,691 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of Northern Trust by 18.4% in the 2nd quarter. Wells Fargo & Company MN now owns 1,925,499 shares of the asset manager’s stock valued at $187,177,000 after purchasing an additional 299,230 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Northern Trust by 14.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,965,535 shares of the asset manager’s stock valued at $180,691,000 after purchasing an additional 255,106 shares in the last quarter. Institutional investors and hedge funds own 81.75% of the company’s stock.

A number of analysts have commented on NTRS shares. Bank of America set a $102.00 price target on Northern Trust and gave the stock a “buy” rating in a research report on Thursday, October 19th. Morgan Stanley lifted their price target on Northern Trust from $83.00 to $91.00 and gave the stock an “underweight” rating in a research report on Thursday, October 19th. Buckingham Research lifted their price target on Northern Trust from $95.00 to $97.00 and gave the stock a “neutral” rating in a research report on Thursday, October 19th. UBS lifted their price target on Northern Trust from $100.00 to $109.00 and gave the stock a “buy” rating in a research report on Thursday, October 19th. Finally, Zacks Investment Research cut Northern Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Two 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 given a strong buy rating to the company. Northern Trust presently has an average rating of “Hold” and an average price target of $97.07.

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About Northern Trust

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.

Insider Buying and Selling by Quarter for Northern Trust (NASDAQ:NTRS)

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