Northern Trust Co. (NASDAQ:NTRS) EVP Sells $2,002,762.10 in Stock

Northern Trust Co. (NASDAQ:NTRS) EVP Susan Cohen Levy sold 19,585 shares of Northern Trust stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $102.26, for a total transaction of $2,002,762.10. Following the completion of the transaction, the executive vice president now directly owns 17,132 shares of the company’s stock, valued at $1,751,918.32. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Northern Trust Price Performance

Shares of Northern Trust stock traded up $0.44 during trading on Tuesday, reaching $102.32. 1,805,787 shares of the stock traded hands, compared to its average volume of 1,313,359. The business has a fifty day simple moving average of $91.39 and a two-hundred day simple moving average of $86.85. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.71 and a quick ratio of 0.71. Northern Trust Co. has a 52-week low of $64.13 and a 52-week high of $104.25. The company has a market capitalization of $20.63 billion, a price-to-earnings ratio of 12.73, a P/E/G ratio of 1.45 and a beta of 1.08.

Northern Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Investors of record on Friday, December 6th will be issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date of this dividend is Friday, December 6th. Northern Trust’s dividend payout ratio is currently 37.31%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in NTRS. Olistico Wealth LLC bought a new stake in shares of Northern Trust in the second quarter valued at about $25,000. Innealta Capital LLC purchased a new stake in Northern Trust in the 2nd quarter valued at $26,000. Ridgewood Investments LLC purchased a new position in Northern Trust during the 2nd quarter valued at about $30,000. Versant Capital Management Inc grew its holdings in Northern Trust by 343.9% in the 2nd quarter. Versant Capital Management Inc now owns 435 shares of the asset manager’s stock worth $37,000 after acquiring an additional 337 shares during the last quarter. Finally, Northwest Investment Counselors LLC bought a new stake in shares of Northern Trust in the third quarter worth approximately $39,000. 83.19% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. UBS Group upped their price objective on shares of Northern Trust from $86.00 to $92.00 and gave the company a “neutral” rating in a report on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft upped their price objective on Northern Trust from $84.00 to $94.00 and gave the company a “hold” rating in a report on Monday, September 23rd. Bank of America lifted their price objective on Northern Trust from $103.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Royal Bank of Canada boosted 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. Finally, The Goldman Sachs Group cut Northern Trust from a “neutral” rating to a “sell” rating and lowered their price target for the stock from $84.00 to $82.00 in a report on Thursday, September 26th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $99.33.

About Northern Trust

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.