Northern Trust Co. (NASDAQ:NTRS – Get Free Report) 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
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.
Read Our Latest Stock Report on NTRS
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.
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