Northern Trust Co. (NASDAQ:NTRS) Vice Chairman Steven L. Fradkin Sells 9,100 Shares

Northern Trust Co. (NASDAQ:NTRS) Vice Chairman Steven L. Fradkin sold 9,100 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $111.00, for a total transaction of $1,010,100.00. Following the sale, the insider now owns 47,797 shares in the company, valued at $5,305,467. This trade represents a 15.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Northern Trust Trading Down 0.5 %

Shares of Northern Trust stock traded down $0.55 during midday trading on Tuesday, reaching $109.34. 1,480,370 shares of the company’s stock traded hands, compared to its average volume of 1,291,238. The company has a market cap of $21.67 billion, a PE ratio of 13.67, a price-to-earnings-growth ratio of 1.25 and a beta of 1.07. The stock has a 50 day moving average of $100.10 and a 200-day moving average of $90.82. Northern Trust Co. has a 12 month low of $76.67 and a 12 month high of $111.87. 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 Announces Dividend

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

Institutional Investors Weigh In On Northern Trust

A number of institutional investors have recently modified their holdings of NTRS. Olistico Wealth LLC purchased a new stake in shares of Northern Trust in the second quarter worth $25,000. Innealta Capital LLC purchased a new stake in shares of Northern Trust in the second quarter worth $26,000. Ridgewood Investments LLC purchased a new stake in shares of Northern Trust in the second quarter worth $30,000. Versant Capital Management Inc grew its stake in shares of Northern Trust by 343.9% in the second 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 purchased a new stake in shares of Northern Trust in the third quarter worth $39,000. 83.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on NTRS shares. UBS Group lifted 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. The Goldman Sachs Group cut shares of Northern Trust from a “neutral” rating to a “sell” rating and reduced their price objective for the stock from $84.00 to $82.00 in a research report on Thursday, September 26th. Morgan Stanley boosted their target price on shares of Northern Trust from $97.00 to $103.00 and gave the company an “underweight” rating in a research report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Northern Trust from $100.00 to $108.00 and gave the company a “hold” rating in a research report on Monday, November 11th. Finally, StockNews.com cut shares of Northern Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Northern Trust has a consensus rating of “Hold” and an average price target of $103.00.

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.