Northern Trust (NASDAQ:NTRS) CFO David Fox Jr Sells 1,450 Shares

Northern Trust Corporation (NASDAQ:NTRS) CFO David Fox, Jr. sold 1,450 shares of Northern Trust stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $144.05, for a total transaction of $208,872.50. Following the sale, the chief financial officer directly owned 20,162 shares of the company’s stock, valued at $2,904,336.10. The trade was a 6.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Northern Trust Stock Performance

Northern Trust stock traded up $1.85 during trading hours on Thursday, hitting $147.59. The company had a trading volume of 1,224,062 shares, compared to its average volume of 1,092,115. The firm has a 50-day moving average of $145.13 and a 200 day moving average of $135.20. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.69 and a quick ratio of 0.70. The firm has a market cap of $27.91 billion, a PE ratio of 16.89, a PEG ratio of 1.13 and a beta of 1.27. Northern Trust Corporation has a one year low of $81.62 and a one year high of $157.60.

Northern Trust (NASDAQ:NTRS) last posted its earnings results on Friday, January 30th. The asset manager reported $2.42 EPS for the quarter, beating the consensus estimate of $2.37 by $0.05. The company had revenue of $3.15 billion for the quarter. Northern Trust had a return on equity of 14.87% and a net margin of 12.15%.Northern Trust’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period in the previous year, the company posted $2.26 EPS. On average, sell-side analysts expect that Northern Trust Corporation will post 8.27 earnings per share for the current year.

Northern Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 6th will be issued a dividend of $0.80 per share. The ex-dividend date of this dividend is Friday, March 6th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.2%. Northern Trust’s dividend payout ratio (DPR) is currently 36.61%.

Wall Street Analyst Weigh In

Several analysts have weighed in on NTRS shares. The Goldman Sachs Group lifted their price objective on shares of Northern Trust from $130.00 to $148.00 and gave the stock a “sell” rating in a research note on Wednesday, January 28th. Evercore boosted their price target on Northern Trust from $142.00 to $155.00 and gave the company an “in-line” rating in a research note on Friday, January 23rd. Barclays raised their target price on shares of Northern Trust from $136.00 to $160.00 and gave the company an “equal weight” rating in a report on Monday, January 5th. Zacks Research raised shares of Northern Trust from a “hold” rating to a “strong-buy” rating in a report on Friday, January 23rd. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Northern Trust in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $148.75.

Hedge Funds Weigh In On Northern Trust

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Triumph Capital Management acquired a new stake in Northern Trust during the 3rd quarter worth about $25,000. Board of the Pension Protection Fund acquired a new position in Northern Trust in the fourth quarter valued at approximately $27,000. AlphaCore Capital LLC grew its position in shares of Northern Trust by 87.4% during the 2nd quarter. AlphaCore Capital LLC now owns 208 shares of the asset manager’s stock worth $27,000 after buying an additional 97 shares during the period. Hantz Financial Services Inc. increased its stake in shares of Northern Trust by 5,225.0% in the 2nd 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. Finally, Clearstead Trust LLC acquired a new position in shares of Northern Trust during the 2nd quarter valued at $29,000. 83.19% of the stock is owned by institutional investors and hedge funds.

Northern Trust Company Profile

Northern Trust Corporation (NASDAQ: NTRS) is a global financial services firm headquartered in Chicago that provides asset servicing, asset management and wealth management solutions to institutions, corporations and high-net-worth individuals. The company’s core businesses include custody and fund administration, investment operations outsourcing, trust and fiduciary services, private banking, and retirement and defined contribution plan services.

Northern Trust’s product and service offerings span custody and fund accounting, portfolio and performance analytics, securities lending, cash management and foreign exchange, as well as discretionary and non-discretionary investment management.