Jason J. Tyler Sells 2,237 Shares of Northern Trust Co. (NASDAQ:NTRS) Stock

Northern Trust Co. (NASDAQ:NTRS - Get Free Report) insider Jason J. Tyler sold 2,237 shares of the company's stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $112.67, for a total value of $252,042.79. Following the completion of the transaction, the insider now directly owns 58,449 shares in the company, valued at approximately $6,585,448.83. The trade was a 3.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Northern Trust Stock Performance

Shares of NTRS traded up $0.56 during trading hours on Tuesday, reaching $111.38. 979,714 shares of the company traded hands, compared to its average volume of 1,200,073. 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 stock's fifty day moving average is $106.26 and its 200 day moving average is $97.76. Northern Trust Co. has a 1-year low of $76.67 and a 1-year high of $114.21. The stock has a market cap of $22.08 billion, a P/E ratio of 11.39, a price-to-earnings-growth ratio of 1.72 and a beta of 1.08.

Northern Trust (NASDAQ:NTRS - Get Free Report) last announced its quarterly earnings data on Thursday, January 23rd. The asset manager reported $2.26 EPS for the quarter, topping 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 research analysts anticipate that Northern Trust Co. will post 8.2 earnings per share for the current fiscal year.

Northern Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders 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 2.69%. The ex-dividend date is Friday, March 14th. Northern Trust's dividend payout ratio is 30.67%.

Hedge Funds Weigh In On Northern Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Allworth Financial LP raised its position in Northern Trust by 9.1% in the third quarter. Allworth Financial LP now owns 1,170 shares of the asset manager's stock worth $105,000 after purchasing an additional 98 shares in the last quarter. Juncture Wealth Strategies LLC raised its holdings in shares of Northern Trust by 2.4% in the 4th quarter. Juncture Wealth Strategies LLC now owns 4,212 shares of the asset manager's stock worth $432,000 after buying an additional 100 shares in the last quarter. Ballentine Partners LLC lifted its position in shares of Northern Trust by 4.4% during the 4th quarter. Ballentine Partners LLC now owns 2,483 shares of the asset manager's stock worth $255,000 after buying an additional 105 shares during the period. Pallas Capital Advisors LLC boosted its stake in Northern Trust by 1.8% in the 4th quarter. Pallas Capital Advisors LLC now owns 6,091 shares of the asset manager's stock valued at $624,000 after buying an additional 107 shares in the last quarter. Finally, Bradley Foster & Sargent Inc. CT grew its position in Northern Trust by 2.4% in the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 4,774 shares of the asset manager's stock valued at $489,000 after acquiring an additional 114 shares during the period. 83.19% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on NTRS. Barclays increased their price target 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. StockNews.com upgraded Northern Trust from a "hold" rating to a "buy" rating in a report on Friday, January 24th. The Goldman Sachs Group raised their price objective on Northern Trust from $92.00 to $102.00 and gave the company a "sell" rating in a research note on Friday, January 24th. Bank of America upped their target price on Northern Trust from $103.00 to $115.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. Finally, Evercore ISI lifted 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. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price 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.