Northern Trust Co. (NASDAQ:NTRS) EVP Sells $429,852.00 in Stock

Northern Trust Co. (NASDAQ:NTRS - Get Free Report) EVP Thomas A. South sold 3,804 shares of the business's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $113.00, for a total value of $429,852.00. Following the transaction, the executive vice president now owns 81,794 shares of the company's stock, valued at $9,242,722. This represents a 4.44 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Northern Trust Price Performance

Shares of NTRS traded down $0.22 during midday trading on Thursday, reaching $113.53. The stock had a trading volume of 1,945,585 shares, compared to its average volume of 1,210,718. The firm's 50 day moving average price is $106.92 and its 200-day moving average price is $99.76. The company has a market capitalization of $22.50 billion, a P/E ratio of 11.61, a P/E/G ratio of 1.73 and a beta of 1.08. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.71. Northern Trust Co. has a 52 week low of $78.96 and a 52 week high of $114.67.

Northern Trust (NASDAQ:NTRS - Get Free Report) last announced its earnings results on Thursday, January 23rd. The asset manager reported $2.26 earnings per share (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, analysts forecast that Northern Trust Co. will post 8.25 earnings per share for the current fiscal year.

Northern Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date is Friday, March 14th. Northern Trust's dividend payout ratio (DPR) is presently 30.67%.

Analysts Set New Price Targets

A number of research analysts have issued reports on NTRS shares. UBS Group boosted their price target on Northern Trust from $110.00 to $114.00 and gave the stock a "neutral" rating in a research report on Monday, January 27th. Wells Fargo & Company boosted their price target on Northern Trust from $108.00 to $110.00 and gave the stock an "equal weight" rating in a research report on Friday, November 15th. Truist Financial boosted their price target on Northern Trust from $110.00 to $116.00 and gave the stock a "hold" rating in a research report on Friday, January 24th. The Goldman Sachs Group boosted their price target on Northern Trust from $92.00 to $102.00 and gave the stock a "sell" rating in a research report on Friday, January 24th. Finally, StockNews.com upgraded Northern Trust from a "hold" rating to a "buy" rating in a research report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, Northern Trust currently has an average rating of "Hold" and a consensus price target of $112.58.

Institutional Investors Weigh In On Northern Trust

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Allworth Financial LP raised its holdings in Northern Trust by 9.1% in the 3rd quarter. Allworth Financial LP now owns 1,170 shares of the asset manager's stock valued at $105,000 after acquiring an additional 98 shares in the last quarter. Juncture Wealth Strategies LLC raised its holdings in Northern Trust by 2.4% in the 4th quarter. Juncture Wealth Strategies LLC now owns 4,212 shares of the asset manager's stock valued at $432,000 after acquiring an additional 100 shares in the last quarter. Ballentine Partners LLC raised its holdings in Northern Trust by 4.4% in the 4th quarter. Ballentine Partners LLC now owns 2,483 shares of the asset manager's stock valued at $255,000 after acquiring an additional 105 shares in the last quarter. Pallas Capital Advisors LLC raised its holdings 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 acquiring an additional 107 shares in the last quarter. Finally, Ellevest Inc. raised its holdings in Northern Trust by 3.4% in the 4th quarter. Ellevest Inc. now owns 3,410 shares of the asset manager's stock valued at $350,000 after acquiring an additional 113 shares in the last quarter. 83.19% of the stock is owned by institutional investors and hedge funds.

Northern Trust Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.