Northern Trust Co. (NASDAQ:NTRS) COO Peter Cherecwich Sells 26,132 Shares

Northern Trust Co. (NASDAQ:NTRS) COO Peter Cherecwich sold 26,132 shares of the business’s stock in a transaction on Wednesday, January 29th. The stock was sold at an average price of $112.36, for a total transaction of $2,936,191.52. Following the completion of the transaction, the chief operating officer now directly owns 26,586 shares in the company, valued at $2,987,202.96. This trade represents a 49.57 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Peter Cherecwich also recently made the following trade(s):

• On Thursday, November 7th, Peter Cherecwich sold 16,153 shares of Northern Trust stock. The shares were sold at an average price of $105.18, for a total transaction of $1,698,972.54.

Northern Trust Price Performance

Shares of NASDAQ:NTRS traded down $0.45 during midday trading on Friday, reaching $112.29. 1,057,367 shares of the company’s stock traded hands, compared to its average volume of 1,210,418. Northern Trust Co. has a 1 year low of $76.67 and a 1 year high of $114.21. The company has a market cap of $22.26 billion, a P/E ratio of 11.48, a PEG ratio of 1.72 and a beta of 1.08. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.71 and a current ratio of 0.68. The company has a fifty day simple moving average of $106.20 and a two-hundred day simple moving average of $97.31.

Northern Trust (NASDAQ:NTRS) last announced its quarterly earnings data on Thursday, January 23rd. The asset manager reported $2.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.96 by $0.30. Northern Trust had a return on equity of 13.74% and a net margin of 12.77%. Equities analysts predict that Northern Trust Co. will post 8.2 EPS for the current fiscal year.

Northern Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date is Friday, March 14th. Northern Trust’s dividend payout ratio (DPR) is presently 30.67%.

Institutional Trading of Northern Trust

Several institutional investors and hedge funds have recently bought and sold shares of NTRS. FMR LLC increased its stake in Northern Trust by 9.3% during the third quarter. FMR LLC now owns 18,187,663 shares of the asset manager’s stock worth $1,637,435,000 after purchasing an additional 1,542,685 shares during the period. Primecap Management Co. CA grew its position 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 buying an additional 38,360 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Northern Trust by 9.9% during the third quarter. JPMorgan Chase & Co. now owns 4,296,442 shares of the asset manager’s stock worth $386,809,000 after buying an additional 388,692 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Northern Trust by 1.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,577,091 shares of the asset manager’s stock worth $141,986,000 after buying an additional 16,500 shares in the last quarter. Finally, KBC Group NV grew its position in shares of Northern Trust by 201.6% during the fourth quarter. KBC Group NV now owns 963,811 shares of the asset manager’s stock worth $98,791,000 after buying an additional 644,261 shares in the last quarter. 83.19% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on NTRS. StockNews.com raised shares of Northern Trust from a “hold” rating to a “buy” rating in a research note on Friday, January 24th. Keefe, Bruyette & Woods boosted their target price on shares of Northern Trust from $113.00 to $122.00 and gave the company a “market perform” rating in a research note on Friday, January 24th. The Goldman Sachs Group upped their price objective on shares of Northern Trust from $92.00 to $102.00 and gave the stock a “sell” rating in a research note on Friday, January 24th. Wells Fargo & Company upped their price objective on shares of Northern Trust from $108.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Friday, November 15th. Finally, Barclays upped their price objective on shares of Northern Trust from $115.00 to $118.00 and gave the stock an “equal weight” rating in a research note on Monday, January 6th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $112.58.

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.