Northern Trust Corporation Declares Quarterly Dividend of $0.80 (NASDAQ:NTRS)

Northern Trust Corporation (NASDAQ:NTRS) declared a quarterly dividend on Wednesday, January 21st. Stockholders of record on Friday, March 6th will be paid a dividend of 0.80 per share by the asset manager on Wednesday, April 1st. This represents a c) dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, March 6th.

Northern Trust has raised its dividend by an average of 0.0%annually over the last three years. Northern Trust has a dividend payout ratio of 37.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Northern Trust to earn $9.03 per share next year, which means the company should continue to be able to cover its $3.20 annual dividend with an expected future payout ratio of 35.4%.

Northern Trust Stock Performance

NASDAQ NTRS opened at $144.42 on Thursday. The business’s 50 day moving average price is $136.96 and its 200-day moving average price is $131.54. Northern Trust has a fifty-two week low of $81.62 and a fifty-two week high of $148.98. The company has a market cap of $27.31 billion, a P/E ratio of 16.83, a P/E/G ratio of 1.19 and a beta of 1.27. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.70 and a current ratio of 0.70.

Northern Trust (NASDAQ:NTRS) last posted its quarterly earnings data on Friday, January 30th. The asset manager reported $2.42 EPS for the quarter. Northern Trust had a net margin of 11.99% and a return on equity of 14.37%. The company had revenue of $3.15 billion during the quarter. Sell-side analysts predict that Northern Trust will post 8.27 earnings per share for the current year.

Insider Transactions at Northern Trust

In other Northern Trust news, Director Robert Edward Jr. Moritz acquired 3,891 shares of the company’s stock in a transaction dated Tuesday, November 4th. The shares were purchased at an average cost of $128.57 per share, for a total transaction of $500,265.87. Following the completion of the purchase, the director owned 6,686 shares in the company, valued at approximately $859,619.02. This trade represents a 139.21% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider John Landers sold 766 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $124.35, for a total transaction of $95,252.10. Following the completion of the transaction, the insider directly owned 7,313 shares of the company’s stock, valued at $909,371.55. This trade represents a 9.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.77% of the company’s stock.

Institutional Investors Weigh In On Northern Trust

A number of hedge funds have recently made changes to their positions in the stock. New Age Alpha Advisors LLC increased its stake in shares of Northern Trust by 4.9% in the third quarter. New Age Alpha Advisors LLC now owns 1,659 shares of the asset manager’s stock worth $223,000 after buying an additional 78 shares during the last quarter. Salomon & Ludwin LLC grew its holdings in Northern Trust by 13.1% during the 3rd quarter. Salomon & Ludwin LLC now owns 682 shares of the asset manager’s stock worth $90,000 after acquiring an additional 79 shares in the last quarter. New York Life Investment Management LLC grew its holdings in Northern Trust by 0.3% during the 2nd quarter. New York Life Investment Management LLC now owns 29,132 shares of the asset manager’s stock worth $3,694,000 after acquiring an additional 80 shares in the last quarter. Compound Planning Inc. increased its position in shares of Northern Trust by 5.1% in the 3rd quarter. Compound Planning Inc. now owns 1,666 shares of the asset manager’s stock worth $224,000 after purchasing an additional 81 shares during the last quarter. Finally, NorthRock Partners LLC raised its stake in shares of Northern Trust by 2.2% in the 3rd quarter. NorthRock Partners LLC now owns 3,812 shares of the asset manager’s stock valued at $513,000 after purchasing an additional 83 shares in the last quarter. 83.19% of the stock is currently owned by hedge funds and other institutional investors.

About Northern Trust

Northern Trust Corporation (NASDAQ: NTRS) is a global financial services firm headquartered in Chicago that provides asset servicing, asset management and wealth management solutions to institutions, corporations and high-net-worth individuals. The company’s core businesses include custody and fund administration, investment operations outsourcing, trust and fiduciary services, private banking, and retirement and defined contribution plan services.

Northern Trust’s product and service offerings span custody and fund accounting, portfolio and performance analytics, securities lending, cash management and foreign exchange, as well as discretionary and non-discretionary investment management.