Northern Trust Corp. (NASDAQ:NTRS) EVP Peter Cherecwich sold 10,211 shares of the company’s stock in a transaction dated Tuesday, November 29th. The stock was sold at an average price of $81.12, for a total transaction of $828,316.32. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Northern Trust Corp. (NASDAQ:NTRS) opened at 82.15 on Thursday. Northern Trust Corp. has a 1-year low of $54.38 and a 1-year high of $83.09. The firm’s 50-day moving average is $75.14 and its 200-day moving average is $70.47. The stock has a market cap of $18.60 billion, a P/E ratio of 19.57 and a beta of 1.02.

Northern Trust Corp. (NASDAQ:NTRS) last announced its quarterly earnings data on Wednesday, October 19th. The company reported $1.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.09 by $0.01. The business earned $1.22 billion during the quarter, compared to analyst estimates of $1.25 billion. Northern Trust Corp. had a return on equity of 11.55% and a net margin of 19.58%. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.96 EPS. On average, analysts forecast that Northern Trust Corp. will post $4.28 EPS for the current year.

Insider Buying and Selling by Quarter for Northern Trust Corp. (NASDAQ:NTRS)

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, January 1st. Stockholders of record on Friday, December 2nd will be paid a $0.38 dividend. The ex-dividend date is Wednesday, November 30th. This represents a $1.52 annualized dividend and a dividend yield of 1.85%. Northern Trust Corp.’s dividend payout ratio is currently 36.45%.

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Several analysts have issued reports on the stock. Zacks Investment Research raised shares of Northern Trust Corp. from a “hold” rating to a “buy” rating and set a $78.00 price target on the stock in a report on Wednesday, October 5th. Credit Suisse Group AG assumed coverage on shares of Northern Trust Corp. in a report on Tuesday, November 22nd. They issued a “neutral” rating and a $71.00 price target on the stock. Deutsche Bank AG upped their price target on shares of Northern Trust Corp. from $75.00 to $76.00 and gave the company a “hold” rating in a report on Friday, September 9th. Jefferies Group reaffirmed a “hold” rating and issued a $77.00 price target on shares of Northern Trust Corp. in a report on Monday, October 10th. Finally, upped their price target on shares of Northern Trust Corp. from $70.00 to $73.00 and gave the company an “underperform” rating in a report on Friday, September 23rd. One analyst has rated the stock with a sell rating, ten have issued a hold rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $73.42.

Institutional investors have recently made changes to their positions in the company. Arizona State Retirement System boosted its position in shares of Northern Trust Corp. by 1.6% in the first quarter. Arizona State Retirement System now owns 58,404 shares of the company’s stock valued at $3,806,000 after buying an additional 900 shares in the last quarter. BlueMountain Capital Management LLC acquired a new position in shares of Northern Trust Corp. during the first quarter valued at about $254,000. Raymond James Trust N.A. boosted its position in shares of Northern Trust Corp. by 5.9% in the second quarter. Raymond James Trust N.A. now owns 3,663 shares of the company’s stock valued at $243,000 after buying an additional 204 shares in the last quarter. British Columbia Investment Management Corp boosted its position in shares of Northern Trust Corp. by 13.7% in the second quarter. British Columbia Investment Management Corp now owns 157,794 shares of the company’s stock valued at $10,455,000 after buying an additional 19,039 shares in the last quarter. Finally, Daiwa SB Investments Ltd. boosted its position in shares of Northern Trust Corp. by 358.7% in the second quarter. Daiwa SB Investments Ltd. now owns 99,350 shares of the company’s stock valued at $6,501,000 after buying an additional 77,690 shares in the last quarter. 79.70% of the stock is currently owned by institutional investors.

About Northern Trust Corp.

Northern Trust Corporation is a financial holding company. The Company provides asset servicing, fund administration, asset management, fiduciary and banking solutions for corporations, institutions, families and individuals around the world. The Company’s segments include Corporate & Institutional Services (C&IS), Wealth Management, and Treasury and Other.

5 Day Chart for NASDAQ:NTRS

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