Northern Trust Co. (NASDAQ:NTRS) Vice Chairman William L. Morrison sold 30,000 shares of the business’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $96.48, for a total transaction of $2,894,400.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

William L. Morrison also recently made the following trade(s):

  • On Wednesday, October 25th, William L. Morrison sold 11,058 shares of Northern Trust stock. The shares were sold at an average price of $94.34, for a total transaction of $1,043,211.72.

Northern Trust Co. (NASDAQ NTRS) opened at $96.50 on Thursday. The firm has a market cap of $22,503.32, a price-to-earnings ratio of 21.60, a price-to-earnings-growth ratio of 2.19 and a beta of 0.96. 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 Co. has a 52-week low of $81.92 and a 52-week high of $99.66.

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

The company also recently announced a quarterly dividend, which will be paid on Monday, January 1st. Shareholders of record on Friday, December 1st will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date of this dividend is Thursday, November 30th. Northern Trust’s dividend payout ratio is 37.17%.

Several equities research analysts recently issued reports on the stock. BidaskClub raised shares of Northern Trust from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. Zacks Investment Research lowered shares of Northern Trust from a “hold” rating to a “sell” rating in a research note on Monday, August 28th. Wells Fargo & Company assumed coverage on shares of Northern Trust in a research note on Wednesday, August 9th. They issued a “market perform” rating and a $90.00 price objective for the company. Buckingham Research lifted their price objective on shares of Northern Trust from $95.00 to $97.00 and gave the company a “neutral” rating in a research note on Thursday, October 19th. Finally, UBS lifted their price objective on shares of Northern Trust from $100.00 to $109.00 and gave the company a “buy” rating in a research note on Thursday, October 19th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $97.07.

A number of institutional investors have recently added to or reduced their stakes in the business. Tdam USA Inc. lifted its position in Northern Trust by 0.4% during the 2nd quarter. Tdam USA Inc. now owns 2,629 shares of the asset manager’s stock worth $255,000 after acquiring an additional 10 shares during the last quarter. Wetherby Asset Management Inc. raised its position in shares of Northern Trust by 0.5% during the second quarter. Wetherby Asset Management Inc. now owns 5,867 shares of the asset manager’s stock valued at $570,000 after buying an additional 27 shares during the last quarter. Veritable L.P. raised its position in shares of Northern Trust by 0.5% during the second quarter. Veritable L.P. now owns 7,941 shares of the asset manager’s stock valued at $772,000 after buying an additional 42 shares during the last quarter. Conning Inc. raised its position in shares of Northern Trust by 0.8% during the second quarter. Conning Inc. now owns 6,263 shares of the asset manager’s stock valued at $609,000 after buying an additional 50 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Northern Trust by 0.5% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 16,033 shares of the asset manager’s stock valued at $1,559,000 after buying an additional 80 shares during the last quarter. 81.75% of the stock is owned by hedge funds and other institutional investors.

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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.

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

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