Insider Selling: Northern Trust Co. (NTRS) COO Sells $1,834,108.80 in Stock

Northern Trust Co. (NASDAQ:NTRS) COO Jana R. Schreuder sold 18,489 shares of Northern Trust stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $99.20, for a total transaction of $1,834,108.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Jana R. Schreuder also recently made the following trade(s):

  • On Thursday, November 30th, Jana R. Schreuder sold 2,600 shares of Northern Trust stock. The stock was sold at an average price of $99.02, for a total transaction of $257,452.00.
  • On Monday, September 11th, Jana R. Schreuder sold 5,581 shares of Northern Trust stock. The stock was sold at an average price of $90.00, for a total transaction of $502,290.00.

Shares of Northern Trust Co. (NTRS) opened at $96.50 on Thursday. Northern Trust Co. has a twelve month low of $81.92 and a twelve month high of $99.66. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.37. The firm has a market cap of $22,503.32, a P/E ratio of 21.60, a PEG ratio of 2.19 and a beta of 0.96.

Northern Trust (NASDAQ:NTRS) last issued its quarterly earnings results on Wednesday, October 18th. The asset manager reported $1.20 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.08. Northern Trust had a net margin of 20.27% and a return on equity of 12.33%. The company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter in the prior year, the firm posted $1.11 EPS. The firm’s quarterly revenue was up 11.2% on a year-over-year basis. research analysts forecast that Northern Trust Co. will post 4.68 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, January 1st. Stockholders of record on Friday, December 1st will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date of this dividend is Thursday, November 30th. Northern Trust’s dividend payout ratio (DPR) is presently 37.17%.

Several institutional investors have recently modified their holdings of NTRS. Salem Investment Counselors Inc. increased its position in Northern Trust by 8.3% during the 2nd quarter. Salem Investment Counselors Inc. now owns 1,083 shares of the asset manager’s stock worth $105,000 after purchasing an additional 83 shares in the last quarter. Dupont Capital Management Corp acquired a new position in Northern Trust during the 2nd quarter worth approximately $107,000. Bessemer Group Inc. increased its position in Northern Trust by 16.9% during the 2nd quarter. Bessemer Group Inc. now owns 1,461 shares of the asset manager’s stock worth $143,000 after purchasing an additional 211 shares in the last quarter. MPS Loria Financial Planners LLC acquired a new position in Northern Trust during the 2nd quarter worth approximately $134,000. Finally, Sun Life Financial INC increased its position in Northern Trust by 15,740.0% during the 2nd quarter. Sun Life Financial INC now owns 1,584 shares of the asset manager’s stock worth $154,000 after purchasing an additional 1,574 shares in the last quarter. 81.75% of the stock is owned by institutional investors.

Several analysts recently commented on the stock. Bank of America set a $102.00 target price on shares of Northern Trust and gave the stock a “buy” rating in a report on Thursday, October 19th. Morgan Stanley lifted their target price on shares of Northern Trust from $83.00 to $91.00 and gave the stock an “underweight” rating in a report on Thursday, October 19th. Buckingham Research lifted their target price on shares of Northern Trust from $95.00 to $97.00 and gave the stock a “neutral” rating in a report on Thursday, October 19th. UBS boosted their price objective on shares of Northern Trust from $100.00 to $109.00 and gave the company a “buy” rating in a report on Thursday, October 19th. Finally, Zacks Investment Research downgraded shares of Northern Trust from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $97.07.

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About Northern Trust

Northern Trust Corporation is a financial holding company. The Company provides asset servicing, fund administration, asset management, fiduciary and banking solutions for corporations, institutions, families and individuals across the world. Its segments include Corporate & Institutional Services (C&IS), Wealth Management, and Treasury and Other.

Insider Buying and Selling by Quarter for Northern Trust (NASDAQ:NTRS)

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