Northern Trust (NASDAQ:NTRS) Stock: Insider Susan Cohen Levy Sells 3,922 Shares

Northern Trust Corporation (NASDAQ:NTRS) EVP Susan Levy sold 3,922 shares of the business’s stock in a transaction dated Monday, October 26th. The stock was sold at an average price of $168.69, for a total transaction of $661,602.18. Following the transaction, the executive vice president owned 59,378 shares in the company, valued at $10,016,474.82. This represents a 6.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Susan Cohen Levy also recently made the following trade(s):

• On Friday, October 23rd, Susan Levy sold 16,984 shares of Northern Trust stock. The shares were sold at an average price of $168.15, for a total transaction of $2,855,859.60.

Northern Trust Stock Performance

NASDAQ:NTRS traded up $0.80 during mid-day trading on Tuesday, hitting $170.35. The stock had a trading volume of 984,256 shares, compared to its average volume of 1,103,491. Northern Trust Corporation has a twelve month low of $121.53 and a twelve month high of $195.78. The stock has a market cap of $31.17 billion, a price-to-earnings ratio of 13.35, a PEG ratio of 0.93 and a beta of 1.24. The company’s 50 day simple moving average is $177.27 and its 200 day simple moving average is $164.63. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.65 and a current ratio of 0.61.

Northern Trust (NASDAQ:NTRS) last posted its quarterly earnings results on Wednesday, October 21st. The asset manager reported $3.40 EPS for the quarter, topping analysts’ consensus estimates of $2.87 by $0.53. The business had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.26 billion. Northern Trust had a return on equity of 17.97% and a net margin of 15.86%. Northern Trust’s quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter last year, the company posted $2.29 earnings per share. On average, equities research analysts forecast that Northern Trust Corporation will post 11.95 earnings per share for the current year.

Northern Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 1st. Stockholders of record on Friday, December 4th will be given a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Friday, December 4th. Northern Trust’s dividend payout ratio (DPR) is presently 27.59%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Weiss Ratings downgraded Northern Trust from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday. Zacks Research cut Northern Trust from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 25th. BMO Capital Markets dropped their price target on Northern Trust from $208.00 to $190.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 6th. Royal Bank Of Canada downgraded Northern Trust from an “outperform” rating to a “sector perform” rating and set a $178.00 price target for the company. in a report on Wednesday, July 22nd. Finally, Barclays lifted their price objective on shares of Northern Trust from $189.00 to $194.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 22nd. Three analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $183.47.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Asset Management One Co. Ltd. boosted its holdings in shares of Northern Trust by 11.6% during the third quarter. Asset Management One Co. Ltd. now owns 84,592 shares of the asset manager’s stock worth $14,327,000 after acquiring an additional 8,764 shares during the period. SYM FINANCIAL Corp grew its position in shares of Northern Trust by 5.7% in the third quarter. SYM FINANCIAL Corp now owns 2,237 shares of the asset manager’s stock valued at $379,000 after purchasing an additional 121 shares during the last quarter. Oppenheimer & Co. Inc. grew its position in shares of Northern Trust by 2.4% in the third quarter. Oppenheimer & Co. Inc. now owns 3,405 shares of the asset manager’s stock valued at $577,000 after purchasing an additional 79 shares during the last quarter. Patton Albertson Miller Group LLC acquired a new position in shares of Northern Trust in the third quarter valued at approximately $681,000. Finally, Apollon Wealth Management LLC increased its stake in shares of Northern Trust by 7.3% during the third quarter. Apollon Wealth Management LLC now owns 4,814 shares of the asset manager’s stock worth $815,000 after purchasing an additional 328 shares during the period. Institutional investors and hedge funds own 83.19% of the company’s stock.

Northern Trust Company Profile

Northern Trust Corporation (NASDAQ:NTRS) is a financial services company that provides wealth management, asset servicing, asset management and banking services. The company serves institutional investors, corporations, financial institutions, high-net-worth individuals and families.

Its offerings include custody and administration of investment assets, fund accounting, securities lending, foreign exchange, treasury services, investment management, trust and estate services, private banking and wealth planning.