Insider Selling: Northern Trust (NASDAQ:NTRS) Insider Sells $153,769.49 in Stock

Northern Trust Corporation (NASDAQ:NTRS) insider Guy Gibson sold 1,043 shares of the firm’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $147.43, for a total transaction of $153,769.49. Following the completion of the transaction, the insider directly owned 35,013 shares in the company, valued at $5,161,966.59. This trade represents a 2.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Northern Trust Trading Up 1.5%

NASDAQ:NTRS opened at $146.38 on Monday. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.69 and a quick ratio of 0.70. Northern Trust Corporation has a one year low of $81.62 and a one year high of $157.60. The company has a market cap of $27.68 billion, a PE ratio of 16.75, a PEG ratio of 1.18 and a beta of 1.27. The firm has a 50-day moving average of $143.94 and a 200-day moving average of $134.24.

Northern Trust (NASDAQ:NTRS) last released its quarterly earnings results on Friday, January 30th. The asset manager reported $2.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.37 by $0.05. The business had revenue of $3.15 billion during the quarter. Northern Trust had a return on equity of 14.87% and a net margin of 12.15%.Northern Trust’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter last year, the firm posted $2.26 EPS. As a group, equities research analysts expect that Northern Trust Corporation will post 8.27 EPS for the current fiscal year.

Northern Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 6th will be paid a dividend of $0.80 per share. The ex-dividend date is Friday, March 6th. This represents a $3.20 annualized dividend and a yield of 2.2%. Northern Trust’s dividend payout ratio (DPR) is 36.61%.

Analyst Ratings Changes

Several analysts have recently commented on NTRS shares. Barclays increased their target price on shares of Northern Trust from $136.00 to $160.00 and gave the company an “equal weight” rating in a report on Monday, January 5th. Zacks Research raised shares of Northern Trust from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 23rd. The Goldman Sachs Group lifted their target price on shares of Northern Trust from $130.00 to $148.00 and gave the stock a “sell” rating in a research report on Wednesday, January 28th. Keefe, Bruyette & Woods boosted their target price on Northern Trust from $123.00 to $125.00 and gave the stock an “underperform” rating in a research note on Thursday, October 23rd. Finally, Wall Street Zen raised Northern Trust from a “sell” rating to a “hold” rating in a report on Saturday, December 27th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $148.75.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Triumph Capital Management bought a new position in Northern Trust during the third quarter valued at $25,000. FNY Investment Advisers LLC bought a new position in shares of Northern Trust during the 2nd quarter worth $25,000. Board of the Pension Protection Fund bought a new position in shares of Northern Trust during the 4th quarter worth $27,000. AlphaCore Capital LLC increased its holdings in Northern Trust by 87.4% in the 2nd quarter. AlphaCore Capital LLC now owns 208 shares of the asset manager’s stock worth $27,000 after acquiring an additional 97 shares during the last quarter. Finally, Hantz Financial Services Inc. raised its stake in Northern Trust by 5,225.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 213 shares of the asset manager’s stock valued at $27,000 after acquiring an additional 209 shares during the period. 83.19% of the stock is owned by institutional investors.

Northern Trust Company Profile

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.