Northern Trust (NASDAQ:NTRS) CFO David Fox, Jr. Sells 19,987 Shares of Stock

Northern Trust Corporation (NASDAQ:NTRS) CFO David Fox, Jr. sold 19,987 shares of the firm’s stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $166.16, for a total transaction of $3,321,039.92. Following the transaction, the chief financial officer owned 18,588 shares of the company’s stock, valued at approximately $3,088,582.08. This trade represents a 51.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Northern Trust Stock Performance

NASDAQ:NTRS opened at $164.83 on Thursday. Northern Trust Corporation has a twelve month low of $91.74 and a twelve month high of $173.18. The company has a current ratio of 0.62, a quick ratio of 0.69 and a debt-to-equity ratio of 0.51. The company has a 50-day moving average of $146.81 and a 200-day moving average of $140.66. The firm has a market cap of $30.55 billion, a price-to-earnings ratio of 17.26, a price-to-earnings-growth ratio of 1.21 and a beta of 1.23.

Northern Trust (NASDAQ:NTRS) last posted its quarterly earnings data on Tuesday, April 21st. The asset manager reported $2.71 earnings per share for the quarter, beating the consensus estimate of $2.37 by $0.34. Northern Trust had a net margin of 12.84% and a return on equity of 15.94%. The company had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.13 billion. During the same quarter last year, the firm posted $1.90 EPS. The business’s revenue for the quarter was up 13.8% on a year-over-year basis. Analysts forecast that Northern Trust Corporation will post 10.58 earnings per share for the current fiscal year.

Northern Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Friday, June 5th will be given a dividend of $0.80 per share. The ex-dividend date is Friday, June 5th. This represents a $3.20 annualized dividend and a dividend yield of 1.9%. Northern Trust’s dividend payout ratio (DPR) is 33.51%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in NTRS. Empowered Funds LLC boosted its holdings in shares of Northern Trust by 13.3% in the first quarter. Empowered Funds LLC now owns 20,112 shares of the asset manager’s stock worth $1,984,000 after buying an additional 2,363 shares during the period. Woodline Partners LP boosted its holdings in shares of Northern Trust by 39.1% in the first quarter. Woodline Partners LP now owns 16,557 shares of the asset manager’s stock worth $1,633,000 after buying an additional 4,653 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of Northern Trust by 79.0% in the second quarter. EverSource Wealth Advisors LLC now owns 1,350 shares of the asset manager’s stock worth $171,000 after buying an additional 596 shares during the period. WINTON GROUP Ltd acquired a new position in shares of Northern Trust in the second quarter worth about $267,000. Finally, Daiwa Securities Group Inc. boosted its holdings in shares of Northern Trust by 4.6% in the second quarter. Daiwa Securities Group Inc. now owns 29,290 shares of the asset manager’s stock worth $3,714,000 after buying an additional 1,275 shares during the period. 83.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on NTRS. Barclays raised their price objective on shares of Northern Trust from $160.00 to $176.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 22nd. Wells Fargo & Company raised their price objective on shares of Northern Trust from $150.00 to $175.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 22nd. Evercore raised their price objective on shares of Northern Trust from $142.00 to $155.00 and gave the company an “in-line” rating in a research report on Friday, January 23rd. The Goldman Sachs Group raised their price objective on shares of Northern Trust from $151.00 to $169.00 and gave the company a “neutral” rating in a research report on Wednesday, April 22nd. Finally, Zacks Research cut shares of Northern Trust from a “strong-buy” rating to a “hold” rating in a report on Friday, April 10th. Four equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $163.55.

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.