Northern Trust (NASDAQ:NTRS) Insider Clive Bellows Sells 2,800 Shares of Stock

Northern Trust Corporation (NASDAQ:NTRS) insider Clive Bellows sold 2,800 shares of the company’s stock in a transaction on Friday, April 24th. The stock was sold at an average price of $165.02, for a total value of $462,056.00. Following the transaction, the insider directly owned 28,217 shares in the company, valued at approximately $4,656,369.34. The trade was a 9.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Clive Bellows also recently made the following trade(s):

• On Thursday, February 12th, Clive Bellows sold 1,148 shares of Northern Trust stock. The stock was sold at an average price of $145.26, for a total value of $166,758.48.

Northern Trust Stock Performance

Shares of NTRS stock opened at $166.90 on Wednesday. The business’s fifty day simple moving average is $146.47 and its 200-day simple moving average is $140.49. The company has a market cap of $30.93 billion, a PE ratio of 17.48, a PEG ratio of 1.21 and a beta of 1.23. The company has a current ratio of 0.62, a quick ratio of 0.69 and a debt-to-equity ratio of 0.51. Northern Trust Corporation has a 12-month low of $91.74 and a 12-month high of $173.18.

Northern Trust (NASDAQ:NTRS) last released its earnings results on Tuesday, April 21st. The asset manager reported $2.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.37 by $0.34. Northern Trust had a return on equity of 15.94% and a net margin of 12.84%.The firm had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.13 billion. During the same period in the prior year, the firm earned $1.90 EPS. The firm’s revenue was up 13.8% on a year-over-year basis. Analysts expect that Northern Trust Corporation will post 10.58 earnings per share for the current fiscal year.

Northern Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Friday, June 5th will be given a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, June 5th. Northern Trust’s dividend payout ratio is presently 33.51%.

Analyst Ratings Changes

Several equities research analysts have commented on NTRS shares. Citigroup initiated coverage on shares of Northern Trust in a report on Monday, February 23rd. They issued a “neutral” rating on the stock. Barclays upped their price target on shares of Northern Trust from $160.00 to $176.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 22nd. Truist Financial increased their price objective on shares of Northern Trust from $155.00 to $176.00 and gave the company a “hold” rating in a report on Wednesday, April 22nd. Evercore increased their price objective on shares of Northern Trust from $142.00 to $155.00 and gave the stock an “in-line” rating in a research report on Friday, January 23rd. Finally, Royal Bank Of Canada increased their price objective on shares of Northern Trust from $159.00 to $178.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 22nd. Four research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $163.55.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. CWM LLC boosted its holdings in Northern Trust by 122.6% during the fourth quarter. CWM LLC now owns 48,284 shares of the asset manager’s stock worth $6,595,000 after buying an additional 26,594 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Northern Trust by 2.1% in the third quarter. Bank of New York Mellon Corp now owns 1,947,456 shares of the asset manager’s stock valued at $262,128,000 after buying an additional 40,048 shares during the last quarter. iSAM Funds UK Ltd acquired a new position in shares of Northern Trust in the third quarter valued at approximately $2,253,000. Barclays PLC raised its position in shares of Northern Trust by 62.4% in the third quarter. Barclays PLC now owns 1,042,084 shares of the asset manager’s stock valued at $140,265,000 after buying an additional 400,247 shares during the last quarter. Finally, Swiss Life Asset Management Ltd raised its position in shares of Northern Trust by 119.9% in the third quarter. Swiss Life Asset Management Ltd now owns 83,175 shares of the asset manager’s stock valued at $11,195,000 after buying an additional 45,356 shares during the last quarter. 83.19% of the stock is currently owned by institutional investors and hedge funds.

About Northern Trust

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.