Insider Selling: Northern Trust Co. (NTRS) COO Sells 3,730 Shares of Stock
Northern Trust Co. (NASDAQ:NTRS) COO Jana R. Schreuder sold 3,730 shares of Northern Trust stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $105.14, for a total transaction of $392,172.20. The transaction was disclosed in a filing with the SEC, which is available at this link.
Jana R. Schreuder also recently made the following trade(s):
- On Monday, December 4th, Jana R. Schreuder sold 18,489 shares of Northern Trust stock. The shares were sold at an average price of $99.20, for a total transaction of $1,834,108.80.
Northern Trust Co. (NASDAQ NTRS) traded up $1.04 during mid-day trading on Friday, hitting $104.71. 1,330,000 shares of the company were exchanged, compared to its average volume of 1,360,000. Northern Trust Co. has a 1 year low of $83.17 and a 1 year high of $109.89. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.71 and a current ratio of 0.71. The stock has a market capitalization of $24,050.00, a price-to-earnings ratio of 22.33, a PEG ratio of 1.36 and a beta of 0.94.
The company also recently disclosed a quarterly dividend, which will be paid on Sunday, April 1st. Shareholders of record on Friday, March 9th will be paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 1.60%. The ex-dividend date of this dividend is Thursday, March 8th. Northern Trust’s payout ratio is 35.82%.
Several equities research analysts have recently issued reports on NTRS shares. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $110.00 price objective on shares of Northern Trust in a research report on Friday, December 22nd. Zacks Investment Research upgraded shares of Northern Trust from a “hold” rating to a “buy” rating and set a $110.00 price objective on the stock in a research report on Tuesday, December 19th. Barclays raised their target price on shares of Northern Trust from $102.00 to $114.00 and gave the company an “equal weight” rating in a report on Tuesday, January 2nd. Royal Bank of Canada raised their target price on shares of Northern Trust to $110.00 and gave the company an “outperform” rating in a report on Thursday, January 25th. Finally, Bank of America raised their target price on shares of Northern Trust from $112.00 to $116.00 and gave the company a “buy” rating in a report on Thursday, January 25th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $104.81.
A number of hedge funds and other institutional investors have recently bought and sold shares of NTRS. Crossmark Global Holdings Inc. purchased a new position in Northern Trust during the third quarter worth $1,516,000. New York State Teachers Retirement System boosted its stake in Northern Trust by 4.5% during the third quarter. New York State Teachers Retirement System now owns 351,484 shares of the asset manager’s stock worth $32,312,000 after buying an additional 15,136 shares during the period. Andra AP fonden boosted its stake in Northern Trust by 57.7% during the third quarter. Andra AP fonden now owns 48,400 shares of the asset manager’s stock worth $4,449,000 after buying an additional 17,700 shares during the period. Wedbush Securities Inc. boosted its stake in Northern Trust by 56.2% during the third quarter. Wedbush Securities Inc. now owns 3,356 shares of the asset manager’s stock worth $309,000 after buying an additional 1,207 shares during the period. Finally, BT Investment Management Ltd boosted its stake in Northern Trust by 16.4% during the third quarter. BT Investment Management Ltd now owns 4,007 shares of the asset manager’s stock worth $368,000 after buying an additional 565 shares during the period. 81.05% of the stock is owned by institutional investors.
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Northern Trust Company Profile
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.
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