Northern Trust Co. (NASDAQ:NTRS) COO Peter Cherecwich Sells 16,153 Shares

Northern Trust Co. (NASDAQ:NTRS) COO Peter Cherecwich sold 16,153 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $105.18, for a total transaction of $1,698,972.54. Following the transaction, the chief operating officer now owns 4,397 shares in the company, valued at approximately $462,476.46. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Northern Trust Price Performance

Shares of Northern Trust stock traded down $1.32 during trading on Thursday, reaching $105.25. The company’s stock had a trading volume of 1,046,268 shares, compared to its average volume of 1,306,393. The business has a 50 day moving average price of $93.34 and a 200-day moving average price of $87.79. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $20.86 billion, a P/E ratio of 13.11, a price-to-earnings-growth ratio of 1.17 and a beta of 1.06. Northern Trust Co. has a 12-month low of $68.97 and a 12-month high of $108.53.

Northern Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Friday, December 6th will be given a $0.75 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $3.00 annualized dividend and a dividend yield of 2.85%. Northern Trust’s dividend payout ratio is currently 37.31%.

Hedge Funds Weigh In On Northern Trust

Several institutional investors have recently added to or reduced their stakes in NTRS. Pathstone Holdings LLC increased its stake in Northern Trust by 2.6% during the third quarter. Pathstone Holdings LLC now owns 15,936 shares of the asset manager’s stock worth $1,437,000 after acquiring an additional 402 shares during the last quarter. Aviance Capital Partners LLC boosted its position in shares of Northern Trust by 11.8% in the third quarter. Aviance Capital Partners LLC now owns 11,652 shares of the asset manager’s stock worth $1,049,000 after buying an additional 1,226 shares during the period. Claro Advisors LLC boosted its position in shares of Northern Trust by 6.7% in the third quarter. Claro Advisors LLC now owns 9,755 shares of the asset manager’s stock worth $878,000 after buying an additional 614 shares during the period. Natixis Advisors LLC boosted its position in shares of Northern Trust by 31.6% in the third quarter. Natixis Advisors LLC now owns 81,774 shares of the asset manager’s stock worth $7,362,000 after buying an additional 19,655 shares during the period. Finally, Empowered Funds LLC boosted its position in shares of Northern Trust by 7.7% in the third quarter. Empowered Funds LLC now owns 4,094 shares of the asset manager’s stock worth $369,000 after buying an additional 293 shares during the period. 83.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on NTRS shares. Wells Fargo & Company increased their target price on Northern Trust from $92.00 to $108.00 and gave the company an “equal weight” rating in a research report on Thursday, October 24th. Barclays increased their price objective on Northern Trust from $98.00 to $115.00 and gave the company an “equal weight” rating in a research note on Thursday, October 24th. Deutsche Bank Aktiengesellschaft raised their target price on Northern Trust from $84.00 to $94.00 and gave the stock a “hold” rating in a research note on Monday, September 23rd. Bank of America raised their price objective on Northern Trust from $103.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, Evercore ISI lifted their price objective on Northern Trust from $86.00 to $103.00 and gave the company an “in-line” rating in a research note on Thursday, October 24th. Three analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Northern Trust currently has a consensus rating of “Hold” and a consensus target price of $99.33.

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.