Northern Trust Co. (NASDAQ:NTRS) Insider Steven L. Fradkin Sells 4,097 Shares

Northern Trust Co. (NASDAQ:NTRS) insider Steven L. Fradkin sold 4,097 shares of Northern Trust stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $82.56, for a total transaction of $338,248.32. Following the sale, the insider now directly owns 46,078 shares in the company, valued at $3,804,199.68. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Northern Trust Price Performance

NTRS stock opened at $84.62 on Friday. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.61. The firm has a market cap of $17.31 billion, a price-to-earnings ratio of 18.68, a PEG ratio of 1.20 and a beta of 1.13. The company’s fifty day simple moving average is $83.93 and its 200 day simple moving average is $79.95. Northern Trust Co. has a 12-month low of $62.44 and a 12-month high of $89.25.

Northern Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 7th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.55%. The ex-dividend date is Friday, June 7th. Northern Trust’s dividend payout ratio is 66.23%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on NTRS. Royal Bank of Canada raised their target price on shares of Northern Trust from $82.00 to $86.00 and gave the company an “outperform” rating in a research report on Friday, January 19th. Evercore ISI raised their price objective on Northern Trust from $86.00 to $87.00 and gave the company an “in-line” rating in a report on Thursday, April 4th. Morgan Stanley reaffirmed an “underweight” rating and issued a $86.00 target price (up previously from $82.00) on shares of Northern Trust in a report on Tuesday, January 30th. Jefferies Financial Group increased their target price on Northern Trust from $101.00 to $103.00 and gave the company a “buy” rating in a research report on Thursday, April 18th. Finally, Bank of America boosted their price target on Northern Trust from $93.00 to $101.00 and gave the stock a “buy” rating in a report on Wednesday, April 17th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $84.92.

Institutional Investors Weigh In On Northern Trust

Several large investors have recently added to or reduced their stakes in the business. Cambridge Investment Research Advisors Inc. grew its position in shares of Northern Trust by 1.3% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 14,841 shares of the asset manager’s stock worth $1,031,000 after buying an additional 192 shares during the period. Robeco Institutional Asset Management B.V. grew its holdings in Northern Trust by 7.1% in the third quarter. Robeco Institutional Asset Management B.V. now owns 16,197 shares of the asset manager’s stock worth $1,125,000 after purchasing an additional 1,076 shares during the period. Xponance Inc. raised its position in shares of Northern Trust by 4.0% during the third quarter. Xponance Inc. now owns 27,987 shares of the asset manager’s stock worth $1,945,000 after purchasing an additional 1,072 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Northern Trust by 29.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 86,214 shares of the asset manager’s stock valued at $5,990,000 after acquiring an additional 19,427 shares in the last quarter. Finally, Mackenzie Financial Corp boosted its stake in Northern Trust by 2.4% during the 3rd quarter. Mackenzie Financial Corp now owns 26,004 shares of the asset manager’s stock valued at $1,738,000 after purchasing an additional 616 shares during the last quarter. Institutional investors and hedge funds own 83.19% of the company’s stock.

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.