Northern Trust Corporation (NASDAQ:NTRS) EVP Aileen B. Blake sold 1,000 shares of the business’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $90.00, for a total value of $90,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Aileen B. Blake also recently made the following trade(s):

  • On Monday, August 14th, Aileen B. Blake sold 7,762 shares of Northern Trust Corporation stock. The shares were sold at an average price of $88.45, for a total value of $686,548.90.

Northern Trust Corporation (NTRS) opened at 88.54 on Wednesday. The company has a market cap of $20.23 billion, a PE ratio of 20.10 and a beta of 0.92. The firm’s 50-day moving average price is $90.47 and its 200-day moving average price is $89.58. Northern Trust Corporation has a 12-month low of $66.39 and a 12-month high of $99.30.

Northern Trust Corporation (NASDAQ:NTRS) last announced its earnings results on Wednesday, July 19th. The asset manager reported $1.18 EPS for the quarter, missing the consensus estimate of $1.23 by $0.05. The company had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.33 billion. Northern Trust Corporation had a net margin of 20.21% and a return on equity of 12.08%. The business’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.09 earnings per share. Equities research analysts forecast that Northern Trust Corporation will post $4.72 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, October 1st. Shareholders of record on Friday, September 1st will be paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date of this dividend is Wednesday, August 30th. This is a positive change from Northern Trust Corporation’s previous quarterly dividend of $0.38. Northern Trust Corporation’s dividend payout ratio (DPR) is 34.55%.

Northern Trust Corporation declared that its Board of Directors has approved a stock repurchase program on Wednesday, June 28th that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the asset manager to buy up to 3.4% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its shares are undervalued.

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Several brokerages recently issued reports on NTRS. Zacks Investment Research lowered Northern Trust Corporation from a “hold” rating to a “sell” rating in a research note on Monday. Royal Bank Of Canada reiterated a “buy” rating and issued a $97.00 price objective on shares of Northern Trust Corporation in a research note on Friday, August 18th. BidaskClub upgraded Northern Trust Corporation from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. Wells Fargo & Company assumed coverage on Northern Trust Corporation in a research note on Wednesday, August 9th. They issued a “market perform” rating and a $90.00 price objective on the stock. Finally, Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and issued a $86.00 price objective (down from $91.00) on shares of Northern Trust Corporation in a research note on Saturday, July 22nd. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $94.15.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Creative Planning raised its position in shares of Northern Trust Corporation by 117.8% in the first quarter. Creative Planning now owns 2,354 shares of the asset manager’s stock valued at $204,000 after buying an additional 1,273 shares during the last quarter. Retirement Systems of Alabama raised its position in shares of Northern Trust Corporation by 3.0% in the first quarter. Retirement Systems of Alabama now owns 103,959 shares of the asset manager’s stock valued at $9,001,000 after buying an additional 3,076 shares during the last quarter. Profund Advisors LLC raised its position in shares of Northern Trust Corporation by 8.1% in the first quarter. Profund Advisors LLC now owns 7,050 shares of the asset manager’s stock valued at $610,000 after buying an additional 528 shares during the last quarter. ProShare Advisors LLC raised its position in shares of Northern Trust Corporation by 4.2% in the first quarter. ProShare Advisors LLC now owns 49,580 shares of the asset manager’s stock valued at $4,293,000 after buying an additional 2,015 shares during the last quarter. Finally, Acadian Asset Management LLC raised its position in shares of Northern Trust Corporation by 4.0% in the first quarter. Acadian Asset Management LLC now owns 144,921 shares of the asset manager’s stock valued at $12,549,000 after buying an additional 5,538 shares during the last quarter. Institutional investors own 81.91% of the company’s stock.

About Northern Trust Corporation

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 Corporation (NASDAQ:NTRS)

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