Northern Trust Co. (NASDAQ:NTRS) Vice Chairman Sells $1,010,100.00 in Stock

Northern Trust Co. (NASDAQ:NTRS) Vice Chairman Steven L. Fradkin sold 9,100 shares of the stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $111.00, for a total value of $1,010,100.00. Following the completion of the transaction, the insider now directly owns 47,797 shares in the company, valued at approximately $5,305,467. This represents a 15.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Northern Trust Stock Down 0.5 %

NASDAQ NTRS traded down $0.55 on Tuesday, reaching $109.34. 1,480,370 shares of the stock traded hands, compared to its average volume of 1,291,238. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.71 and a current ratio of 0.71. The company has a fifty day moving average price of $100.10 and a 200-day moving average price of $90.82. The company has a market cap of $21.67 billion, a price-to-earnings ratio of 13.67, a PEG ratio of 1.25 and a beta of 1.07. Northern Trust Co. has a 12 month low of $76.67 and a 12 month high of $111.87.

Northern Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders of record on Friday, December 6th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date of this dividend is Friday, December 6th. Northern Trust’s dividend payout ratio (DPR) is presently 37.31%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on NTRS shares. Evercore ISI raised their price objective on Northern Trust from $86.00 to $103.00 and gave the stock an “in-line” rating in a research note on Thursday, October 24th. Barclays lifted their target price on Northern Trust from $98.00 to $115.00 and gave the company an “equal weight” rating in a research note on Thursday, October 24th. Royal Bank of Canada lifted their target price on Northern Trust from $100.00 to $107.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. UBS Group lifted their target price on Northern Trust from $86.00 to $92.00 and gave the company a “neutral” rating in a research note on Tuesday, October 8th. Finally, Keefe, Bruyette & Woods lifted their target price on Northern Trust from $100.00 to $113.00 and gave the company a “market perform” rating in a research note on Tuesday. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $103.00.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Tidal Investments LLC grew its stake in Northern Trust by 141.3% during the 1st quarter. Tidal Investments LLC now owns 13,771 shares of the asset manager’s stock worth $1,224,000 after buying an additional 8,063 shares during the last quarter. M&G Plc purchased a new position in Northern Trust during the 2nd quarter worth $971,000. Williams Financial LLC purchased a new position in Northern Trust during the 2nd quarter worth $1,322,000. Diversified Trust Co grew its stake in Northern Trust by 47.5% during the 2nd quarter. Diversified Trust Co now owns 24,942 shares of the asset manager’s stock worth $2,095,000 after buying an additional 8,028 shares during the last quarter. Finally, Magnetar Financial LLC purchased a new position in Northern Trust during the 2nd quarter worth $3,666,000. 83.19% of the stock is owned by institutional investors.

Northern Trust Company Profile

Northern Trust Corporation, a financial holding company, provides wealth management, asset servicing, asset management, and banking solutions for corporations, institutions, families, and individuals worldwide. It operates in two segments, Asset Servicing and Wealth Management. The Asset Servicing segment offers asset servicing and related services, including custody, fund administration, investment operations outsourcing, investment management, investment risk and analytical services, employee benefit services, securities lending, foreign exchange, treasury management, brokerage services, transition management services, banking, and cash management services.