Northern Trust Corp. (NTRS) EVP Peter Cherecwich Sells 10,211 Shares of Stock
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.
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%.
ILLEGAL ACTIVITY WARNING: “Northern Trust Corp. (NTRS) EVP Peter Cherecwich Sells 10,211 Shares of Stock” was first posted by Daily Political and is owned by of Daily Political. If you are reading this report on another domain, it was copied illegally and republished in violation of U.S. & international copyright & trademark law. The correct version of this report can be viewed at http://www.dailypolitical.com/2016/12/01/northern-trust-corp-ntrs-evp-peter-cherecwich-sells-10211-shares-of-stock.html.
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.
Receive News & Ratings for Northern Trust Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northern Trust Corp. and related companies with MarketBeat.com's FREE daily email newsletter.