Northern Trust Co. (NASDAQ:NTRS) EVP Sells $251,828.46 in Stock

Northern Trust Co. (NASDAQ:NTRS) EVP Jane Karpinski sold 2,262 shares of the company’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $111.33, for a total value of $251,828.46. Following the sale, the executive vice president now owns 17,236 shares of the company’s stock, valued at approximately $1,918,883.88. This represents a 11.60 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Northern Trust Stock Performance

Shares of NTRS traded up $0.56 during mid-day trading on Tuesday, reaching $111.38. The company had a trading volume of 979,714 shares, compared to its average volume of 1,198,162. The stock has a 50 day moving average of $106.26 and a two-hundred day moving average of $97.76. The company has a quick ratio of 0.71, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $22.08 billion, a P/E ratio of 11.39, a PEG ratio of 1.72 and a beta of 1.08. Northern Trust Co. has a 52-week low of $76.67 and a 52-week high of $114.21.

Northern Trust (NASDAQ:NTRS) last issued its quarterly earnings data on Thursday, January 23rd. The asset manager reported $2.26 EPS for the quarter, topping 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%. On average, analysts expect that Northern Trust Co. will post 8.2 earnings per share for the current year.

Northern Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be given a $0.75 dividend. The ex-dividend date is Friday, March 14th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.69%. Northern Trust’s dividend payout ratio (DPR) is currently 30.67%.

Institutional Investors Weigh In On Northern Trust

A number of institutional investors have recently modified their holdings of NTRS. Y.D. More Investments Ltd raised its holdings in Northern Trust by 118.4% in the 4th quarter. Y.D. More Investments Ltd now owns 249 shares of the asset manager’s stock worth $26,000 after purchasing an additional 135 shares during the period. Empirical Asset Management LLC acquired a new stake in Northern Trust in the 4th quarter valued at $33,000. Northwest Investment Counselors LLC purchased a new stake in Northern Trust in the 3rd quarter worth $39,000. Brooklyn Investment Group lifted its holdings in Northern Trust by 51.2% during the fourth quarter. Brooklyn Investment Group now owns 378 shares of the asset manager’s stock valued at $39,000 after purchasing an additional 128 shares in the last quarter. Finally, Capital Performance Advisors LLP purchased a new position in Northern Trust in the 3rd quarter valued at about $48,000. 83.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Morgan Stanley cut their target price on Northern Trust from $127.00 to $125.00 and set an “equal weight” rating on the stock in a research note on Friday, January 3rd. Royal Bank of Canada increased their target price on shares of Northern Trust from $107.00 to $115.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. StockNews.com upgraded shares of Northern Trust from a “hold” rating to a “buy” rating in a research note on Friday, January 24th. 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 report on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Northern Trust from $100.00 to $108.00 and gave the stock a “hold” rating in a report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Northern Trust currently has an average rating of “Hold” and a consensus target price of $112.58.

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.