Northern Trust Co. (NTRS) Vice Chairman William L. Morrison Sells 30,000 Shares of Stock

Northern Trust Co. (NASDAQ:NTRS) Vice Chairman William L. Morrison sold 30,000 shares of the stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $96.48, for a total transaction of $2,894,400.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

William L. Morrison also recently made the following trade(s):

  • On Wednesday, October 25th, William L. Morrison sold 11,058 shares of Northern Trust stock. The stock was sold at an average price of $94.34, for a total transaction of $1,043,211.72.

Northern Trust Co. (NASDAQ NTRS) traded down $2.00 during trading hours on Wednesday, reaching $96.95. The company’s stock had a trading volume of 1,164,600 shares, compared to its average volume of 1,145,287. Northern Trust Co. has a 1 year low of $81.92 and a 1 year high of $99.66. The stock has a market capitalization of $22,503.32, a PE ratio of 21.60, a price-to-earnings-growth ratio of 2.19 and a beta of 0.96. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.71 and a quick ratio of 0.71.

Northern Trust (NASDAQ:NTRS) last released its quarterly earnings data on Wednesday, October 18th. The asset manager reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.08. The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.35 billion. Northern Trust had a return on equity of 12.33% and a net margin of 20.27%. The company’s revenue was up 11.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.11 EPS. sell-side analysts anticipate that Northern Trust Co. will post 4.68 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 1st. Shareholders of record on Friday, December 1st will be issued a dividend of $0.42 per share. The ex-dividend date is Thursday, November 30th. This represents a $1.68 annualized dividend and a yield of 1.73%. Northern Trust’s dividend payout ratio is presently 37.17%.

Several research analysts recently commented on the stock. Morgan Stanley raised their price objective on shares of Northern Trust from $83.00 to $91.00 and gave the stock an “underweight” rating in a report on Thursday, October 19th. Buckingham Research boosted their price objective on shares of Northern Trust from $95.00 to $97.00 and gave the company a “neutral” rating in a research report on Thursday, October 19th. UBS boosted their price objective on shares of Northern Trust from $100.00 to $109.00 and gave the company a “buy” rating in a research report on Thursday, October 19th. Bank of America set a $102.00 target price on shares of Northern Trust and gave the company a “buy” rating in a research note on Thursday, October 19th. Finally, Citigroup reissued a “neutral” rating and set a $92.00 price objective (up from $90.00) on shares of Northern Trust in a report on Monday, October 9th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $97.07.

Several hedge funds and other institutional investors have recently modified their holdings of NTRS. AXA boosted its position in Northern Trust by 30.8% during the 3rd quarter. AXA now owns 116,000 shares of the asset manager’s stock valued at $10,664,000 after purchasing an additional 27,300 shares during the period. Burgundy Asset Management Ltd. raised its position in shares of Northern Trust by 0.6% during the third quarter. Burgundy Asset Management Ltd. now owns 2,386,800 shares of the asset manager’s stock worth $219,419,000 after purchasing an additional 13,249 shares during the period. Steward Partners Investment Advisory LLC acquired a new stake in shares of Northern Trust during the third quarter worth $251,000. GSA Capital Partners LLP acquired a new stake in shares of Northern Trust during the third quarter worth $221,000. Finally, Gofen & Glossberg LLC IL raised its position in Northern Trust by 7.6% during the third quarter. Gofen & Glossberg LLC IL now owns 158,804 shares of the asset manager’s stock valued at $14,599,000 after buying an additional 11,195 shares during the period. Institutional investors and hedge funds own 81.75% of the company’s stock.

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About Northern Trust

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.

Insider Buying and Selling by Quarter for Northern Trust (NASDAQ:NTRS)

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