Northern Trust Co. (NASDAQ:NTRS) EVP Sells $529,000.00 in Stock

Northern Trust Co. (NASDAQ:NTRS) EVP Thomas A. South sold 5,000 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $105.80, for a total transaction of $529,000.00. Following 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Northern Trust Price Performance

Shares of Northern Trust stock opened at $105.18 on Monday. The firm has a market capitalization of $20.85 billion, a PE ratio of 13.08, a price-to-earnings-growth ratio of 1.22 and a beta of 1.06. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.58. Northern Trust Co. has a 12 month low of $68.97 and a 12 month high of $108.53. The business’s 50-day moving average price is $93.94 and its 200-day moving average price is $88.09.

Northern Trust Announces Dividend

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

Hedge Funds Weigh In On Northern Trust

Several institutional investors and hedge funds have recently made changes to their positions in the business. Olistico Wealth LLC purchased a new stake in Northern Trust during the second quarter valued at about $25,000. Innealta Capital LLC bought a new position in Northern Trust during the 2nd quarter worth approximately $26,000. Ridgewood Investments LLC purchased a new position in Northern Trust in the 2nd quarter worth approximately $30,000. Northwest Investment Counselors LLC bought a new stake in Northern Trust in the third quarter valued at approximately $39,000. Finally, Versant Capital Management Inc boosted its stake in shares of Northern Trust by 343.9% during the second quarter. Versant Capital Management Inc now owns 435 shares of the asset manager’s stock valued at $37,000 after purchasing an additional 337 shares during the period. Institutional investors own 83.19% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Bank of America increased their target price on shares of Northern Trust from $103.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. UBS Group increased their price target on shares of Northern Trust from $86.00 to $92.00 and gave the stock a “neutral” rating in a report on Tuesday, October 8th. Royal Bank of Canada boosted their price objective on shares of Northern Trust from $100.00 to $107.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. The Goldman Sachs Group cut shares of Northern Trust from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $84.00 to $82.00 in a research note on Thursday, September 26th. Finally, Evercore ISI boosted their price target on shares of Northern Trust from $86.00 to $103.00 and gave the company an “in-line” rating in a research report on Thursday, October 24th. Three research 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’s stock. According to MarketBeat, the company 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.