Northern Trust Co. (NASDAQ:NTRS) EVP Thomas A. South Sells 5,000 Shares

Northern Trust Co. (NASDAQ:NTRS) EVP Thomas A. South sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $105.80, for a total transaction of $529,000.00. Following the completion of the transaction, the executive vice president now owns 49,756 shares of the company’s stock, valued at approximately $5,264,184.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Northern Trust Price Performance

Shares of NASDAQ NTRS opened at $105.18 on Friday. The business has a 50-day simple moving average of $93.94 and a two-hundred day simple moving average of $88.06. The company has a market cap of $20.85 billion, a PE ratio of 13.08, a P/E/G ratio of 1.24 and a beta of 1.06. Northern Trust Co. has a fifty-two week low of $68.97 and a fifty-two week high of $108.53. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.71 and a current ratio of 0.71.

Northern Trust Announces Dividend

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

Institutional Investors Weigh In On Northern Trust

Hedge funds have recently bought and sold shares of the stock. Primecap Management Co. CA increased its stake in shares of Northern Trust by 0.5% during the third quarter. Primecap Management Co. CA now owns 7,085,117 shares of the asset manager’s stock worth $637,873,000 after purchasing an additional 38,360 shares in the last quarter. Ontario Teachers Pension Plan Board purchased a new stake in shares of Northern Trust in the 3rd quarter valued at approximately $390,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Northern Trust during the third quarter worth $2,071,000. Pathstone Holdings LLC raised its holdings in Northern Trust by 2.6% in the 3rd quarter. Pathstone Holdings LLC now owns 15,936 shares of the asset manager’s stock valued at $1,437,000 after buying an additional 402 shares during the period. Finally, Aviance Capital Partners LLC lifted its holdings in shares of Northern Trust by 11.8% in the 3rd quarter. Aviance Capital Partners LLC now owns 11,652 shares of the asset manager’s stock worth $1,049,000 after acquiring an additional 1,226 shares during the last quarter. Hedge funds and other institutional investors own 83.19% of the company’s stock.

Wall Street Analysts Forecast Growth

NTRS has been the subject of several recent analyst reports. Bank of America upped their target price on shares of Northern Trust from $103.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Royal Bank of Canada increased their target price on Northern Trust from $100.00 to $107.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. UBS Group boosted their price target on Northern Trust from $86.00 to $92.00 and gave the stock a “neutral” rating in a report on Tuesday, October 8th. Morgan Stanley increased their price objective on shares of Northern Trust from $97.00 to $103.00 and gave the company an “underweight” rating in a report on Thursday, October 24th. Finally, Evercore ISI raised their target price on shares of 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 investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $99.33.

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.