Insider Selling: Northern Trust Corporation (NTRS) COO Sells $502,290.00 in Stock
Northern Trust Corporation (NASDAQ:NTRS) COO Jana R. Schreuder sold 5,581 shares of the company’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $90.00, for a total value of $502,290.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Jana R. Schreuder also recently made the following trade(s):
- On Monday, August 7th, Jana R. Schreuder sold 5,538 shares of Northern Trust Corporation stock. The stock was sold at an average price of $88.33, for a total value of $489,171.54.
Shares of Northern Trust Corporation (NTRS) opened at 87.79 on Friday. The stock has a 50 day moving average price of $88.36 and a 200 day moving average price of $89.73. The firm has a market cap of $20.06 billion, a P/E ratio of 19.93 and a beta of 0.92. Northern Trust Corporation has a 12-month low of $66.40 and a 12-month high of $99.30.
Northern Trust Corporation (NASDAQ:NTRS) last announced its earnings results on Wednesday, July 19th. The asset manager reported $1.18 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.23 by ($0.05). The company had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.33 billion. Northern Trust Corporation had a net margin of 20.21% and a return on equity of 12.08%. The firm’s quarterly revenue was up .5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.09 EPS. On average, equities analysts expect that Northern Trust Corporation will post $4.72 earnings per share for the current year.
Northern Trust Corporation declared that its board has authorized a stock buyback program on Wednesday, June 28th that allows the company to repurchase $750.00 million in outstanding shares. This repurchase authorization allows the asset manager to buy up to 3.4% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s management believes its shares are undervalued.
The business also recently announced a quarterly dividend, which will be paid on Sunday, October 1st. Investors of record on Friday, September 1st will be given a dividend of $0.42 per share. This is a boost from Northern Trust Corporation’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $1.68 annualized dividend and a dividend yield of 1.91%. Northern Trust Corporation’s payout ratio is presently 38.18%.
A number of hedge funds have recently bought and sold shares of NTRS. Profund Advisors LLC boosted its position in Northern Trust Corporation by 8.1% in the first quarter. Profund Advisors LLC now owns 7,050 shares of the asset manager’s stock worth $610,000 after purchasing an additional 528 shares during the last quarter. Commerzbank Aktiengesellschaft FI boosted its position in Northern Trust Corporation by 56.8% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 5,039 shares of the asset manager’s stock worth $436,000 after purchasing an additional 1,825 shares during the last quarter. First Trust Advisors LP boosted its position in Northern Trust Corporation by 133.3% in the first quarter. First Trust Advisors LP now owns 139,801 shares of the asset manager’s stock worth $12,104,000 after purchasing an additional 79,888 shares during the last quarter. Advisors Asset Management Inc. boosted its position in Northern Trust Corporation by 78.1% in the first quarter. Advisors Asset Management Inc. now owns 6,234 shares of the asset manager’s stock worth $540,000 after purchasing an additional 2,734 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its position in Northern Trust Corporation by 73.0% in the first quarter. DekaBank Deutsche Girozentrale now owns 16,613 shares of the asset manager’s stock worth $1,488,000 after purchasing an additional 7,012 shares during the last quarter. 81.92% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts have weighed in on the company. BidaskClub raised Northern Trust Corporation from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. Buckingham Research reaffirmed a “neutral” rating and set a $103.00 price target (up previously from $93.00) on shares of Northern Trust Corporation in a research report on Monday, July 10th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $97.00 price target on shares of Northern Trust Corporation in a research report on Thursday, June 29th. Zacks Investment Research downgraded Northern Trust Corporation from a “buy” rating to a “hold” rating in a research report on Friday, July 21st. Finally, Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and issued a $86.00 price objective (down previously from $91.00) on shares of Northern Trust Corporation in a report on Saturday, July 22nd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $94.57.
Northern Trust Corporation Company Profile
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 across the world. Its segments include Corporate & Institutional Services (C&IS), Wealth Management, and Treasury and Other.
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