Northern Trust Corporation (NASDAQ:NTRS - Get Free Report) insider Clive Bellows sold 2,800 shares of the company's stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $165.02, for a total transaction of $462,056.00. Following the transaction, the insider directly owned 28,217 shares of the company's stock, valued at $4,656,369.34. This trade represents a 9.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Clive Bellows also recently made the following trade(s):
- On Thursday, February 12th, Clive Bellows sold 1,148 shares of Northern Trust stock. The shares were sold at an average price of $145.26, for a total value of $166,758.48.
Northern Trust Price Performance
NTRS stock opened at $166.90 on Wednesday. The stock has a 50-day moving average price of $146.47 and a two-hundred day moving average price of $140.49. Northern Trust Corporation has a 12-month low of $91.74 and a 12-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 market cap of $30.93 billion, a PE ratio of 17.48, a price-to-earnings-growth ratio of 1.21 and a beta of 1.23.
Northern Trust (NASDAQ:NTRS - Get Free Report) last released its quarterly earnings results on Tuesday, April 21st. The asset manager reported $2.71 earnings per share for the quarter, beating analysts' consensus estimates of $2.37 by $0.34. The business had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.13 billion. Northern Trust had a net margin of 12.84% and a return on equity of 15.94%. The business's revenue was up 13.8% on a year-over-year basis. During the same period last year, the business earned $1.90 EPS. As a group, research analysts predict that Northern Trust Corporation will post 10.58 EPS for the current year.
Northern Trust Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Friday, June 5th will be issued a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Friday, June 5th. Northern Trust's payout ratio is currently 33.51%.
Institutional Trading of Northern Trust
A number of hedge funds and other institutional investors have recently made changes to their positions in NTRS. Abel Hall LLC acquired a new stake in shares of Northern Trust during the first quarter valued at approximately $316,000. V Square Quantitative Management LLC grew its position in Northern Trust by 1.3% during the first quarter. V Square Quantitative Management LLC now owns 4,793 shares of the asset manager's stock valued at $669,000 after purchasing an additional 61 shares in the last quarter. CWS Financial Advisors LLC grew its position in Northern Trust by 2.0% during the first quarter. CWS Financial Advisors LLC now owns 3,997 shares of the asset manager's stock valued at $558,000 after purchasing an additional 77 shares in the last quarter. HB Wealth Management LLC grew its position in Northern Trust by 36.6% during the first quarter. HB Wealth Management LLC now owns 8,548 shares of the asset manager's stock valued at $1,193,000 after purchasing an additional 2,291 shares in the last quarter. Finally, World Investment Advisors purchased a new position in Northern Trust during the first quarter valued at approximately $219,000. 83.19% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several brokerages have issued reports on NTRS. Royal Bank Of Canada upped their price objective on Northern Trust from $159.00 to $178.00 and gave the company an "outperform" rating in a research note on Wednesday, April 22nd. Truist Financial upped their price objective on Northern Trust from $155.00 to $176.00 and gave the company a "hold" rating in a research note on Wednesday, April 22nd. Citigroup began coverage on Northern Trust in a research note on Monday, February 23rd. They set a "neutral" rating on the stock. Wells Fargo & Company lifted their price target on shares of Northern Trust from $150.00 to $175.00 and gave the company an "equal weight" rating in a report on Wednesday, April 22nd. Finally, TD Cowen lifted their price target on shares of Northern Trust from $165.00 to $175.00 and gave the company a "buy" rating in a report on Monday, January 26th. Four investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $163.55.
Read Our Latest Research Report on NTRS
About Northern Trust
(
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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.
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