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

Northern Trust Co. (NASDAQ:NTRS - Get Free Report) COO Peter Cherecwich sold 26,132 shares of the stock in a transaction dated 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 of the company's stock, valued at approximately $2,987,202.96. The trade was a 49.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

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

Northern Trust Stock Performance

Shares of NTRS stock traded up $0.56 during trading hours on Tuesday, reaching $111.38. The company had a trading volume of 979,714 shares, 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 business has a fifty day moving average price of $106.26 and a 200-day moving average price of $97.76. Northern Trust Co. has a one year low of $76.67 and a one year high of $114.21. The firm has a market cap of $22.08 billion, a PE 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 posted its earnings results 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 net margin of 12.77% and a return on equity of 13.74%. Sell-side analysts predict that Northern Trust Co. will post 8.2 earnings per share for the current fiscal year.

Northern Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be given a $0.75 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $3.00 annualized dividend and a yield of 2.69%. Northern Trust's payout ratio is 30.67%.

Institutional Investors Weigh In On Northern Trust

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Y.D. More Investments Ltd grew its position in Northern Trust by 118.4% during the fourth quarter. Y.D. More Investments Ltd now owns 249 shares of the asset manager's stock valued at $26,000 after buying an additional 135 shares during the period. Empirical Asset Management LLC purchased a new stake in shares of Northern Trust in the 4th quarter worth $33,000. Northwest Investment Counselors LLC bought a new position in Northern Trust in the 3rd quarter worth $39,000. Brooklyn Investment Group lifted its position in Northern Trust by 51.2% during the fourth quarter. Brooklyn Investment Group now owns 378 shares of the asset manager's stock valued at $39,000 after purchasing an additional 128 shares in the last quarter. Finally, Capital Performance Advisors LLP purchased a new stake in Northern Trust in the third quarter worth about $48,000. Hedge funds and other institutional investors own 83.19% of the company's stock.

Analyst Upgrades and Downgrades

NTRS has been the topic of a number of research reports. Evercore ISI boosted their target price on shares of Northern Trust from $86.00 to $103.00 and gave the company an "in-line" rating in a report on Thursday, October 24th. Morgan Stanley dropped their price objective on shares of Northern Trust from $127.00 to $125.00 and set an "equal weight" rating on the stock in a research note on Friday, January 3rd. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Northern Trust from $100.00 to $108.00 and gave the company a "hold" rating in a report on Monday, November 11th. Truist Financial upped their price target on Northern Trust from $110.00 to $116.00 and gave the stock a "hold" rating in a research note on Friday, January 24th. Finally, The Goldman Sachs Group lifted 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. One equities 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 company has a consensus 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.