Short Interest in Northern Trust Co. (NASDAQ:NTRSO) Decreases By 27.5%

Northern Trust Co. (NASDAQ:NTRSOGet Free Report) was the recipient of a significant decline in short interest during the month of February. As of February 28th, there was short interest totalling 6,600 shares, a decline of 27.5% from the February 13th total of 9,100 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

An institutional investor recently bought a new position in Northern Trust stock. 10Elms LLP purchased a new position in shares of Northern Trust Co. (NASDAQ:NTRSOFree Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 15,400 shares of the company’s stock, valued at approximately $310,000.

Northern Trust Price Performance

NTRSO stock traded down $0.24 during trading on Friday, hitting $19.96. 19,248 shares of the company’s stock were exchanged, compared to its average volume of 29,001. The business has a 50-day moving average price of $20.45 and a two-hundred day moving average price of $21.47. Northern Trust has a 52-week low of $19.55 and a 52-week high of $24.29.

Northern Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Saturday, March 15th will be given a dividend of $0.2938 per share. This represents a $1.18 annualized dividend and a yield of 5.89%. The ex-dividend date of this dividend is Friday, March 14th.

Northern Trust Company Profile

(Get Free Report)

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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