Northern Trust (NASDAQ:NTRS) Insider Guy Gibson Sells 3,009 Shares

Northern Trust Corporation (NASDAQ:NTRS) insider Guy Gibson sold 3,009 shares of the business’s stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $142.39, for a total value of $428,451.51. Following the transaction, the insider owned 29,332 shares in the company, valued at approximately $4,176,583.48. This represents a 9.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Guy Gibson also recently made the following trade(s):

• On Thursday, February 12th, Guy Gibson sold 1,043 shares of Northern Trust stock. The shares were sold at an average price of $147.43, for a total value of $153,769.49.

Northern Trust Stock Performance

Shares of Northern Trust stock opened at $138.59 on Friday. The business’s 50 day moving average price is $145.64 and its 200 day moving average price is $135.97. The company has a market cap of $25.75 billion, a price-to-earnings ratio of 15.86, a PEG ratio of 1.15 and a beta of 1.27. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.69 and a current ratio of 0.69. Northern Trust Corporation has a one year low of $81.62 and a one year high of $157.60.

Northern Trust (NASDAQ:NTRS) last issued its earnings results on Friday, January 30th. The asset manager reported $2.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.37 by $0.05. Northern Trust had a return on equity of 14.87% and a net margin of 12.15%.The company had revenue of $3.15 billion during the quarter. During the same quarter in the previous year, the company earned $2.26 earnings per share. The firm’s quarterly revenue was up 8.4% compared to the same quarter last year. On average, research analysts predict that Northern Trust Corporation will post 8.27 EPS for the current year.

Northern Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 6th will be issued a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 2.3%. The ex-dividend date is Friday, March 6th. Northern Trust’s payout ratio is presently 36.61%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of NTRS. Triumph Capital Management purchased a new stake in shares of Northern Trust in the 3rd quarter valued at $25,000. Reflection Asset Management purchased a new stake in Northern Trust during the fourth quarter worth about $25,000. Hantz Financial Services Inc. lifted its position in shares of Northern Trust by 5,225.0% during the second quarter. Hantz Financial Services Inc. now owns 213 shares of the asset manager’s stock worth $27,000 after purchasing an additional 209 shares in the last quarter. AlphaCore Capital LLC boosted its stake in shares of Northern Trust by 87.4% in the second quarter. AlphaCore Capital LLC now owns 208 shares of the asset manager’s stock valued at $27,000 after purchasing an additional 97 shares during the period. Finally, Board of the Pension Protection Fund acquired a new position in shares of Northern Trust in the fourth quarter valued at approximately $27,000. 83.19% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on NTRS shares. Wells Fargo & Company upped their price objective on Northern Trust from $145.00 to $150.00 and gave the company an “equal weight” rating in a report on Friday, January 23rd. Morgan Stanley upped their price target on Northern Trust from $131.00 to $140.00 and gave the company an “underweight” rating in a research note on Friday, January 23rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Northern Trust in a report on Thursday, January 22nd. Zacks Research raised Northern Trust from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 23rd. Finally, Barclays boosted their price objective on shares of Northern Trust from $136.00 to $160.00 and gave the company an “equal weight” rating in a report on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, seven have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, Northern Trust has an average rating of “Hold” and an average target price of $148.75.

Northern Trust Company Profile

Northern Trust Corporation (NASDAQ: NTRS) is a global financial services firm headquartered in Chicago that provides asset servicing, asset management and wealth management solutions to institutions, corporations and high-net-worth individuals. The company’s core businesses include custody and fund administration, investment operations outsourcing, trust and fiduciary services, private banking, and retirement and defined contribution plan services.

Northern Trust’s product and service offerings span custody and fund accounting, portfolio and performance analytics, securities lending, cash management and foreign exchange, as well as discretionary and non-discretionary investment management.