Northern Trust Co. (NASDAQ:NTRSO) Short Interest Down 48.9% in February

Northern Trust Co. (NASDAQ:NTRSO) saw a large decrease in short interest in the month of February. As of February 15th, there was short interest totalling 9,100 shares, a decrease of 48.9% from the January 31st total of 17,800 shares. Based on an average daily volume of 43,500 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Northern Trust stock. 10Elms LLP bought a new position in shares of Northern Trust Co. (NASDAQ:NTRSO) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 15,400 shares of the company’s stock, valued at approximately $310,000.

Northern Trust Stock Down 0.5 %

Shares of NTRSO stock opened at $20.61 on Friday. The firm’s 50-day moving average is $20.42 and its 200-day moving average is $21.56. Northern Trust has a 52-week low of $19.55 and a 52-week high of $24.29.

Northern Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Saturday, March 15th will be paid a $0.2938 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.18 dividend on an annualized basis and a yield of 5.70%.

About Northern Trust

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.