Northern Trust (NASDAQ:NTRS) EVP Susan Cohen Levy Sells 27,591 Shares

Northern Trust Corporation (NASDAQ:NTRS) EVP Susan Cohen Levy sold 27,591 shares of Northern Trust stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $128.13, for a total value of $3,535,234.83. Following the completion of the sale, the executive vice president directly owned 48,257 shares in the company, valued at $6,183,169.41. This trade represents a 36.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Northern Trust Price Performance

Shares of NTRS stock traded up $0.65 on Wednesday, reaching $128.19. The company’s stock had a trading volume of 827,468 shares, compared to its average volume of 1,470,247. The stock’s fifty day simple moving average is $129.38 and its 200-day simple moving average is $120.38. Northern Trust Corporation has a 1 year low of $81.62 and a 1 year high of $135.48. The company has a current ratio of 0.70, a quick ratio of 0.72 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $24.51 billion, a price-to-earnings ratio of 14.94, a price-to-earnings-growth ratio of 1.37 and a beta of 1.31.

Northern Trust (NASDAQ:NTRS) last released its quarterly earnings results on Wednesday, October 22nd. The asset manager reported $2.29 EPS for the quarter, topping the consensus estimate of $2.26 by $0.03. Northern Trust had a return on equity of 14.37% and a net margin of 11.99%.The company had revenue of $2.03 billion during the quarter, compared to analyst estimates of $2.02 billion. During the same quarter last year, the business posted $2.22 earnings per share. The firm’s revenue was up 2.8% on a year-over-year basis. Analysts forecast that Northern Trust Corporation will post 8.27 earnings per share for the current fiscal year.

Northern Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 1st. Stockholders of record on Friday, December 5th will be issued a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Friday, December 5th. Northern Trust’s dividend payout ratio is presently 37.30%.

Institutional Investors Weigh In On Northern Trust

A number of institutional investors and hedge funds have recently modified their holdings of the company. FNY Investment Advisers LLC purchased a new position in Northern Trust in the 2nd quarter valued at about $25,000. Hantz Financial Services Inc. lifted its position in shares of Northern Trust by 5,225.0% in the second quarter. Hantz Financial Services Inc. now owns 213 shares of the asset manager’s stock valued at $27,000 after acquiring an additional 209 shares in the last quarter. AlphaCore Capital LLC lifted its position in shares of Northern Trust by 87.4% in the second quarter. AlphaCore Capital LLC now owns 208 shares of the asset manager’s stock valued at $27,000 after acquiring an additional 97 shares in the last quarter. Zions Bancorporation National Association UT acquired a new stake in shares of Northern Trust in the first quarter worth approximately $29,000. Finally, Clearstead Trust LLC purchased a new stake in shares of Northern Trust during the second quarter worth approximately $29,000. Institutional investors and hedge funds own 83.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on NTRS shares. Wolfe Research upgraded shares of Northern Trust from an “underperform” rating to a “peer perform” rating in a research note on Thursday, July 24th. Zacks Research downgraded Northern Trust from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 9th. Wells Fargo & Company boosted their target price on shares of Northern Trust from $127.00 to $131.00 and gave the stock an “equal weight” rating in a report on Thursday, October 23rd. Citigroup raised their price target on shares of Northern Trust from $110.00 to $135.00 and gave the company a “neutral” rating in a report on Friday, September 5th. Finally, The Goldman Sachs Group set a $135.00 target price on Northern Trust in a research report on Tuesday, September 30th. Five equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $130.71.

Northern Trust Company Profile

Northern Trust Corporation, a financial holding company, provides wealth management, asset servicing, asset management, and banking solutions for corporations, institutions, families, and individuals worldwide. It operates in two segments, Asset Servicing and Wealth Management. The Asset Servicing segment offers asset servicing and related services, including custody, fund administration, investment operations outsourcing, investment management, investment risk and analytical services, employee benefit services, securities lending, foreign exchange, treasury management, brokerage services, transition management services, banking, and cash management services.