Northern Trust (NASDAQ:NTRS) Insider Sells $428,451.51 in Stock

Northern Trust Corporation (NASDAQ:NTRS) insider Guy Gibson sold 3,009 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $142.39, for a total transaction of $428,451.51. Following the transaction, the insider directly owned 29,332 shares of the company’s stock, valued at $4,176,583.48. This trade represents a 9.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Guy Gibson also recently made the following trade(s):

• On Thursday, February 12th, Guy Gibson sold 1,043 shares of Northern Trust stock. The shares were sold at an average price of $147.43, for a total transaction of $153,769.49.

Northern Trust Stock Down 3.4%

NASDAQ:NTRS traded down $4.91 during trading hours on Friday, hitting $138.59. The stock had a trading volume of 1,061,001 shares, compared to its average volume of 1,118,793. The business has a 50 day simple moving average of $145.67 and a two-hundred day simple moving average of $135.89. Northern Trust Corporation has a 1-year low of $81.62 and a 1-year high of $157.60. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.57. The company has a market cap of $25.75 billion, a PE ratio of 15.86, a price-to-earnings-growth ratio of 1.16 and a beta of 1.27.

Northern Trust (NASDAQ:NTRS) last announced its quarterly earnings data on Friday, January 30th. The asset manager reported $2.42 earnings per share for the quarter, topping the consensus estimate of $2.37 by $0.05. The company had revenue of $3.15 billion during the quarter. Northern Trust had a net margin of 12.15% and a return on equity of 14.87%. Northern Trust’s revenue was up 8.4% on a year-over-year basis. During the same period in the prior year, the business earned $2.26 earnings per share. Analysts predict that Northern Trust Corporation will post 8.27 EPS for the current year.

Northern Trust Dividend Announcement

The company also recently announced 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. This represents a $3.20 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Friday, March 6th. Northern Trust’s payout ratio is presently 36.61%.

Institutional Trading of Northern Trust

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Triumph Capital Management acquired a new stake in shares of Northern Trust during the third quarter valued at approximately $25,000. Reflection Asset Management purchased a new position in Northern Trust during the 4th quarter worth approximately $25,000. Board of the Pension Protection Fund acquired a new stake in Northern Trust during the 4th quarter valued at $27,000. AlphaCore Capital LLC lifted its holdings in shares of Northern Trust by 87.4% in the second quarter. AlphaCore Capital LLC now owns 208 shares of the asset manager’s stock valued at $27,000 after purchasing an additional 97 shares in the last quarter. Finally, Hantz Financial Services Inc. boosted its position in shares of Northern Trust by 5,225.0% in the second quarter. Hantz Financial Services Inc. now owns 213 shares of the asset manager’s stock worth $27,000 after buying an additional 209 shares during the period. Institutional investors and hedge funds own 83.19% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on NTRS. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Northern Trust in a research note on Thursday, January 22nd. Royal Bank Of Canada boosted their price target on shares of Northern Trust from $139.00 to $159.00 and gave the stock an “outperform” rating in a research report on Friday, January 23rd. The Goldman Sachs Group boosted their target price on Northern Trust from $130.00 to $148.00 and gave the stock a “sell” rating in a report on Wednesday, January 28th. Truist Financial set a $148.00 price objective on Northern Trust in a research note on Wednesday, January 7th. Finally, Citigroup began coverage on shares of Northern Trust in a research report on Monday, February 23rd. They issued a “neutral” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $148.75.

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.