Jane Karpinski Sells 2,262 Shares of Northern Trust Co. (NASDAQ:NTRS) Stock

Northern Trust Co. (NASDAQ:NTRS - Get Free Report) EVP Jane Karpinski sold 2,262 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $111.33, for a total transaction of $251,828.46. Following the sale, the executive vice president now owns 17,236 shares of the company's stock, valued at approximately $1,918,883.88. This represents a 11.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Northern Trust Stock Down 0.3 %

Shares of Northern Trust stock traded down $0.29 during midday trading on Friday, hitting $113.51. The company had a trading volume of 822,970 shares, compared to its average volume of 1,162,977. The company has a 50 day moving average of $106.44 and a 200 day moving average of $98.34. The stock has a market capitalization of $22.50 billion, a P/E ratio of 11.61, a P/E/G ratio of 1.74 and a beta of 1.08. Northern Trust Co. has a 52-week low of $76.67 and a 52-week high of $114.67. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.71 and a current ratio of 0.68.

Northern Trust (NASDAQ:NTRS - Get Free Report) last released 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 return on equity of 13.74% and a net margin of 12.77%. On average, equities analysts predict that Northern Trust Co. will post 8.2 earnings per share for the current fiscal year.

Northern Trust Announces Dividend

The company also recently announced 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. The ex-dividend date is Friday, March 14th. This represents a $3.00 annualized dividend and a dividend yield of 2.64%. Northern Trust's dividend payout ratio is presently 30.67%.

Analyst Ratings Changes

Several equities research analysts have weighed in on NTRS shares. Deutsche Bank Aktiengesellschaft increased their price objective on Northern Trust from $100.00 to $108.00 and gave the stock a "hold" rating in a report on Monday, November 11th. Truist Financial raised 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. Bank of America boosted their price objective 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. Morgan Stanley dropped their target price on shares of Northern Trust from $127.00 to $125.00 and set an "equal weight" rating for the company in a research report on Friday, January 3rd. Finally, StockNews.com upgraded shares of Northern Trust from a "hold" rating to a "buy" rating in a research report on Friday, January 24th. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $112.58.

Institutional Investors Weigh In On Northern Trust

A number of institutional investors have recently made changes to their positions in NTRS. Ballentine Partners LLC raised its stake in shares of Northern Trust by 4.4% in the fourth quarter. Ballentine Partners LLC now owns 2,483 shares of the asset manager's stock worth $255,000 after purchasing an additional 105 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Northern Trust by 9.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,296,442 shares of the asset manager's stock valued at $386,809,000 after acquiring an additional 388,692 shares during the period. Kovitz Investment Group Partners LLC boosted its holdings in shares of Northern Trust by 68.1% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 13,765 shares of the asset manager's stock valued at $1,239,000 after acquiring an additional 5,578 shares during the last quarter. Agate Pass Investment Management LLC bought a new stake in shares of Northern Trust in the fourth quarter worth approximately $538,000. Finally, Caprock Group LLC purchased a new position in shares of Northern Trust during the fourth quarter valued at approximately $1,059,000. Hedge funds and other institutional investors own 83.19% of the company's stock.

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.