Northern Trust Co. (NASDAQ:NTRS) Insider Sells $252,042.79 in Stock

Northern Trust Co. (NASDAQ:NTRS) insider Jason J. Tyler sold 2,237 shares of the company’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $112.67, for a total value of $252,042.79. Following the sale, the insider now owns 58,449 shares in the company, valued at $6,585,448.83. The trade was a 3.69 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Northern Trust Stock Performance

Shares of Northern Trust stock traded down $0.45 on Friday, hitting $112.29. The stock had a trading volume of 1,057,367 shares, compared to its average volume of 1,210,418. Northern Trust Co. has a twelve month low of $76.67 and a twelve month high of $114.21. The business’s 50 day moving average is $106.20 and its two-hundred day moving average is $97.31. The company has a quick ratio of 0.71, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The stock has a market cap of $22.26 billion, a price-to-earnings ratio of 11.48, a price-to-earnings-growth ratio of 1.72 and a beta of 1.08.

Northern Trust (NASDAQ:NTRS) last posted its earnings results on Thursday, January 23rd. The asset manager reported $2.26 EPS for the quarter, beating the consensus estimate of $1.96 by $0.30. Northern Trust had a return on equity of 13.74% and a net margin of 12.77%. Analysts forecast that Northern Trust Co. will post 8.2 EPS for the current year.

Northern Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be given a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 2.67%. The ex-dividend date is Friday, March 14th. Northern Trust’s payout ratio is 30.67%.

Institutional Investors Weigh In On Northern Trust

A number of large investors have recently added to or reduced their stakes in the stock. Allworth Financial LP increased its stake in Northern Trust by 9.1% during the 3rd quarter. Allworth Financial LP now owns 1,170 shares of the asset manager’s stock worth $105,000 after acquiring an additional 98 shares during the period. Juncture Wealth Strategies LLC increased its stake in Northern Trust by 2.4% during the 4th quarter. Juncture Wealth Strategies LLC now owns 4,212 shares of the asset manager’s stock worth $432,000 after acquiring an additional 100 shares during the period. Ballentine Partners LLC increased its stake in Northern Trust by 4.4% during the 4th quarter. Ballentine Partners LLC now owns 2,483 shares of the asset manager’s stock worth $255,000 after acquiring an additional 105 shares during the period. Pallas Capital Advisors LLC increased its stake in Northern Trust by 1.8% during the 4th quarter. Pallas Capital Advisors LLC now owns 6,091 shares of the asset manager’s stock worth $624,000 after acquiring an additional 107 shares during the period. Finally, Massmutual Trust Co. FSB ADV increased its stake in Northern Trust by 14.5% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 922 shares of the asset manager’s stock worth $83,000 after acquiring an additional 117 shares during the period. Institutional investors and hedge funds own 83.19% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on NTRS. Truist Financial upped their target price on Northern Trust from $110.00 to $116.00 and gave the stock a “hold” rating in a report on Friday, January 24th. Evercore ISI upped their target price on Northern Trust from $86.00 to $103.00 and gave the stock an “in-line” rating in a report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft upped their target price on Northern Trust from $100.00 to $108.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Royal Bank of Canada boosted their price target on Northern Trust from $107.00 to $115.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. Finally, Wells Fargo & Company boosted their price target on Northern Trust from $108.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Northern Trust presently has an average rating of “Hold” and an average price target of $112.58.

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.