Northern Trust Co. (NASDAQ:NTRS) Insider John Landers Sells 900 Shares

Northern Trust Co. (NASDAQ:NTRS) insider John Landers sold 900 shares of the business’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $111.44, for a total transaction of $100,296.00. Following the transaction, the insider now directly owns 7,640 shares of the company’s stock, valued at $851,401.60. The trade was a 10.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Northern Trust Trading Up 0.5 %

Shares of NASDAQ:NTRS opened at $113.80 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.71 and a current ratio of 0.68. The stock has a market capitalization of $22.56 billion, a price-to-earnings ratio of 11.64, a PEG ratio of 1.72 and a beta of 1.08. Northern Trust Co. has a 1-year low of $76.67 and a 1-year high of $114.21. The company has a 50 day moving average price of $106.33 and a 200 day moving average price of $98.05.

Northern Trust (NASDAQ:NTRS) last released its quarterly earnings data on Thursday, January 23rd. The asset manager reported $2.26 earnings per share for the quarter, topping 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%. On average, research analysts anticipate that Northern Trust Co. will post 8.2 EPS for the current fiscal year.

Northern Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $3.00 annualized dividend and a yield of 2.64%. Northern Trust’s payout ratio is presently 30.67%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Truist Financial boosted their price objective on Northern Trust from $110.00 to $116.00 and gave the stock a “hold” rating in a research report on Friday, January 24th. StockNews.com upgraded Northern Trust from a “hold” rating to a “buy” rating in a research report on Friday, January 24th. Bank of America raised their price target on Northern Trust from $103.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, October 24th. The Goldman Sachs Group upped their price objective on shares of Northern Trust from $92.00 to $102.00 and gave the stock a “sell” rating in a report on Friday, January 24th. Finally, Evercore ISI raised their target price on shares of Northern Trust from $86.00 to $103.00 and gave the company an “in-line” rating in a research note on Thursday, October 24th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $112.58.

Institutional Trading of Northern Trust

Hedge funds have recently bought and sold shares of the company. Ballentine Partners LLC raised its holdings in shares of Northern Trust by 4.4% during the fourth quarter. Ballentine Partners LLC now owns 2,483 shares of the asset manager’s stock valued at $255,000 after acquiring an additional 105 shares during the period. JPMorgan Chase & Co. raised its stake in Northern Trust by 9.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,296,442 shares of the asset manager’s stock valued at $386,809,000 after purchasing an additional 388,692 shares during the period. Kovitz Investment Group Partners LLC lifted its holdings in shares of Northern Trust by 68.1% in the third quarter. Kovitz Investment Group Partners LLC now owns 13,765 shares of the asset manager’s stock valued at $1,239,000 after purchasing an additional 5,578 shares in the last quarter. Agate Pass Investment Management LLC acquired a new stake in shares of Northern Trust in the fourth quarter worth $538,000. Finally, Smith Group Asset Management LLC purchased a new position in shares of Northern Trust during the fourth quarter valued at $410,000. 83.19% of the stock is owned by hedge funds and other institutional investors.

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.