Northern Trust Co. (NASDAQ:NTRS) COO Sells $2,936,191.52 in Stock

Northern Trust Co. (NASDAQ:NTRS) COO Peter Cherecwich sold 26,132 shares of the business’s stock in a transaction on Wednesday, January 29th. The stock was sold at an average price of $112.36, for a total transaction of $2,936,191.52. Following the completion of the sale, the chief operating officer now owns 26,586 shares in the company, valued at $2,987,202.96. This represents a 49.57 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Peter Cherecwich also recently made the following trade(s):

• On Thursday, November 7th, Peter Cherecwich sold 16,153 shares of Northern Trust stock. The shares were sold at an average price of $105.18, for a total value of $1,698,972.54.

Northern Trust Price Performance

NTRS stock opened at $112.29 on Monday. The business has a 50 day simple moving average of $106.25 and a 200-day simple moving average of $97.51. Northern Trust Co. has a twelve month low of $76.67 and a twelve month high of $114.21. The company has a market capitalization of $22.26 billion, a P/E ratio of 11.48, a PEG ratio of 1.72 and a beta of 1.08. The company has a current ratio of 0.68, a quick ratio of 0.71 and a debt-to-equity ratio of 0.58.

Northern Trust (NASDAQ:NTRS) last posted its quarterly earnings data on Thursday, January 23rd. The asset manager reported $2.26 EPS for the quarter, beating analysts’ consensus estimates of $1.96 by $0.30. Northern Trust had a net margin of 12.77% and a return on equity of 13.74%. As a group, equities analysts anticipate that Northern Trust Co. will post 8.2 EPS for the current year.

Northern Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 2.67%. The ex-dividend date of this dividend is Friday, March 14th. Northern Trust’s dividend payout ratio (DPR) is presently 30.67%.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. The Goldman Sachs Group raised their price objective on Northern Trust from $92.00 to $102.00 and gave the stock a “sell” rating in a report on Friday, January 24th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Northern Trust from $100.00 to $108.00 and gave the company a “hold” rating in a research note on Monday, November 11th. Truist Financial raised their target price on Northern Trust from $110.00 to $116.00 and gave the stock a “hold” rating in a report on Friday, January 24th. Barclays raised their price objective on Northern Trust from $115.00 to $118.00 and gave the company an “equal weight” rating in a report on Monday, January 6th. Finally, Wells Fargo & Company upped their price target on shares of Northern Trust from $108.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Friday, November 15th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $112.58.

Hedge Funds Weigh In On Northern Trust

Hedge funds and other institutional investors have recently bought and sold shares of the company. Creative Planning increased its stake in shares of Northern Trust by 7.6% during the second quarter. Creative Planning now owns 23,614 shares of the asset manager’s stock worth $1,983,000 after acquiring an additional 1,665 shares during the period. Sanctuary Advisors LLC purchased a new stake in shares of Northern Trust in the second quarter valued at approximately $1,622,000. Massmutual Trust Co. FSB ADV grew its holdings in Northern Trust by 14.5% during the third quarter. Massmutual Trust Co. FSB ADV now owns 922 shares of the asset manager’s stock worth $83,000 after acquiring an additional 117 shares during the period. Czech National Bank lifted its stake in shares of Northern Trust by 5.4% in the third quarter. Czech National Bank now owns 41,075 shares of the asset manager’s stock valued at $3,698,000 after purchasing an additional 2,088 shares during the period. Finally, GAMMA Investing LLC lifted its position in shares of Northern Trust by 24.2% during the 3rd quarter. GAMMA Investing LLC now owns 3,591 shares of the asset manager’s stock valued at $323,000 after acquiring an additional 699 shares during the period. 83.19% of the stock is currently owned by hedge funds and other 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.