Thomas A. South Sells 5,000 Shares of Northern Trust Co. (NASDAQ:NTRS) Stock

Northern Trust Co. (NASDAQ:NTRS) EVP Thomas A. South sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $105.80, for a total value of $529,000.00. Following the transaction, the executive vice president now directly owns 49,756 shares in the company, valued at $5,264,184.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Northern Trust Trading Down 0.1 %

Shares of NTRS traded down $0.07 during mid-day trading on Friday, reaching $105.18. 790,976 shares of the company were exchanged, compared to its average volume of 1,304,018. The stock has a market capitalization of $20.85 billion, a PE ratio of 13.08, a PEG ratio of 1.17 and a beta of 1.06. The business has a 50 day simple moving average of $93.94 and a two-hundred day simple moving average of $88.06. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.71 and a current ratio of 0.71. Northern Trust Co. has a 52 week low of $68.97 and a 52 week high of $108.53.

Northern Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 1st. Investors of record on Friday, December 6th will be paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date is Friday, December 6th. Northern Trust’s dividend payout ratio is presently 37.31%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on NTRS shares. UBS Group increased their price objective on shares of Northern Trust from $86.00 to $92.00 and gave the company a “neutral” rating in a research report on Tuesday, October 8th. Wells Fargo & Company increased their target price on Northern Trust from $92.00 to $108.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 24th. Evercore ISI upped their price objective on Northern Trust from $86.00 to $103.00 and gave the company an “in-line” rating in a report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Northern Trust from $84.00 to $94.00 and gave the company a “hold” rating in a research report on Monday, September 23rd. Finally, Morgan Stanley lifted their price objective on shares of Northern Trust from $97.00 to $103.00 and gave the stock an “underweight” rating in a research note on Thursday, October 24th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Northern Trust presently has an average rating of “Hold” and an average target price of $99.33.

Institutional Trading of Northern Trust

A number of institutional investors have recently bought and sold shares of NTRS. Olistico Wealth LLC acquired a new stake in Northern Trust during the second quarter worth approximately $25,000. Innealta Capital LLC acquired a new position in shares of Northern Trust during the second quarter valued at about $26,000. Ridgewood Investments LLC bought a new position in shares of Northern Trust during the 2nd quarter worth about $30,000. Versant Capital Management Inc increased its position in Northern Trust by 343.9% in the 2nd quarter. Versant Capital Management Inc now owns 435 shares of the asset manager’s stock valued at $37,000 after buying an additional 337 shares in the last quarter. Finally, Northwest Investment Counselors LLC acquired a new stake in Northern Trust in the third quarter valued at approximately $39,000. Institutional investors own 83.19% of the company’s stock.

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.