Teresa Parker Sells 5,883 Shares of Northern Trust Co. (NASDAQ:NTRS) Stock

Northern Trust Co. (NASDAQ:NTRS - Get Free Report) EVP Teresa Parker sold 5,883 shares of Northern Trust stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $84.06, for a total value of $494,524.98. Following the completion of the transaction, the executive vice president now owns 83,765 shares of the company's stock, valued at approximately $7,041,285.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Northern Trust Trading Down 2.1 %

NASDAQ:NTRS traded down $1.78 during midday trading on Monday, hitting $82.51. The stock had a trading volume of 1,203,460 shares, compared to its average volume of 1,362,135. The stock has a 50-day moving average of $84.62 and a 200 day moving average of $83.68. The company has a market capitalization of $16.88 billion, a price-to-earnings ratio of 18.21, a PEG ratio of 1.29 and a beta of 1.10. Northern Trust Co. has a one year low of $62.44 and a one year high of $92.46. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.58.

Northern Trust (NASDAQ:NTRS - Get Free Report) last posted its quarterly earnings results on Wednesday, July 17th. The asset manager reported $1.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.75 by $0.03. The business had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $1.84 billion. Northern Trust had a return on equity of 12.24% and a net margin of 10.53%. The business's revenue was up 53.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.79 EPS. As a group, sell-side analysts forecast that Northern Trust Co. will post 7.02 EPS for the current year.

Northern Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, September 6th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 3.64%. The ex-dividend date of this dividend is Friday, September 6th. Northern Trust's payout ratio is 66.23%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. DekaBank Deutsche Girozentrale raised its stake in shares of Northern Trust by 0.3% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 43,713 shares of the asset manager's stock worth $3,608,000 after acquiring an additional 120 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Northern Trust by 1.3% during the second quarter. Allspring Global Investments Holdings LLC now owns 10,584 shares of the asset manager's stock worth $889,000 after purchasing an additional 131 shares in the last quarter. Mather Group LLC. lifted its holdings in shares of Northern Trust by 3.6% during the 4th quarter. Mather Group LLC. now owns 4,271 shares of the asset manager's stock valued at $360,000 after purchasing an additional 147 shares during the last quarter. Aviance Capital Partners LLC boosted its position in shares of Northern Trust by 1.8% in the 4th quarter. Aviance Capital Partners LLC now owns 8,585 shares of the asset manager's stock worth $724,000 after purchasing an additional 150 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV grew its stake in Northern Trust by 23.1% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 805 shares of the asset manager's stock worth $68,000 after buying an additional 151 shares during the last quarter. 83.19% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Royal Bank of Canada lifted their target price on Northern Trust from $86.00 to $90.00 and gave the stock an "outperform" rating in a report on Thursday, July 18th. The Goldman Sachs Group reduced their target price on shares of Northern Trust from $94.00 to $84.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 2nd. Bank of America raised their target price on shares of Northern Trust from $93.00 to $101.00 and gave the stock a "buy" rating in a report on Wednesday, April 17th. Morgan Stanley cut their price target on shares of Northern Trust from $97.00 to $93.00 and set an "underweight" rating on the stock in a report on Tuesday, July 30th. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of Northern Trust from $92.00 to $85.00 and set a "market perform" rating for the company in a research note on Thursday, June 27th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $87.33.

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.

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