Northern Trust Corporation (NTRS) EVP Sells $686,548.90 in Stock
Northern Trust Corporation (NASDAQ:NTRS) EVP Aileen B. Blake sold 7,762 shares of Northern Trust Corporation stock in a transaction on Monday, August 14th. The shares were sold at an average price of $88.45, for a total transaction of $686,548.90. The sale was disclosed in a document filed with the SEC, which is available through this link.
Northern Trust Corporation (NTRS) traded up 0.89% on Wednesday, hitting $89.48. 1,347,217 shares of the stock were exchanged. Northern Trust Corporation has a one year low of $66.39 and a one year high of $99.30. The company has a 50 day moving average of $92.22 and a 200 day moving average of $89.36. The stock has a market capitalization of $20.44 billion, a P/E ratio of 20.31 and a beta of 0.92.
Northern Trust Corporation (NASDAQ:NTRS) last announced its quarterly earnings results on Wednesday, July 19th. The asset manager reported $1.18 EPS for the quarter, missing analysts’ consensus estimates of $1.23 by $0.05. The firm had revenue of $1.33 billion during the quarter, compared to analyst estimates 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 revenue was up .5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.09 EPS. On average, equities research analysts forecast that Northern Trust Corporation will post $4.72 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Sunday, October 1st. Shareholders of record on Friday, September 1st will be paid a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $1.68 dividend on an annualized basis and a yield of 1.88%. This is a boost from Northern Trust Corporation’s previous quarterly dividend of $0.38. Northern Trust Corporation’s dividend payout ratio (DPR) is currently 34.55%.
Northern Trust Corporation announced that its Board of Directors has approved a share repurchase plan 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 plans are typically an indication that the company’s board of directors believes its stock is undervalued.
TRADEMARK VIOLATION NOTICE: “Northern Trust Corporation (NTRS) EVP Sells $686,548.90 in Stock” was posted by Watch List News and is the property of of Watch List News. If you are accessing this piece on another website, it was illegally stolen and republished in violation of U.S. and international trademark and copyright law. The correct version of this piece can be read at https://www.watchlistnews.com/northern-trust-corporation-ntrs-evp-sells-686548-90-in-stock/1496608.html.
A number of equities research analysts have issued reports on NTRS shares. Deutsche Bank AG reissued a “hold” rating and set a $96.00 target price (up previously from $93.00) on shares of Northern Trust Corporation in a research note on Saturday, April 29th. Credit Suisse Group reissued a “hold” rating and set a $90.00 target price on shares of Northern Trust Corporation in a research note on Sunday, May 28th. Morgan Stanley decreased their target price on shares of Northern Trust Corporation from $86.00 to $83.00 and set an “underweight” rating for the company in a research note on Thursday, July 20th. BidaskClub lowered shares of Northern Trust Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Finally, Zacks Investment Research lowered shares of Northern Trust Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $94.15.
A number of hedge funds have recently made changes to their positions in NTRS. Public Employees Retirement System of Ohio boosted its stake in shares of Northern Trust Corporation by 1.6% in the second quarter. Public Employees Retirement System of Ohio now owns 92,635 shares of the asset manager’s stock worth $9,005,000 after buying an additional 1,474 shares in the last quarter. Nomura Holdings Inc. purchased a new stake in shares of Northern Trust Corporation during the second quarter worth approximately $1,711,000. Bank of Nova Scotia boosted its stake in shares of Northern Trust Corporation by 36.0% in the second quarter. Bank of Nova Scotia now owns 66,902 shares of the asset manager’s stock worth $6,503,000 after buying an additional 17,718 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Northern Trust Corporation by 11.3% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 79,364 shares of the asset manager’s stock worth $7,715,000 after buying an additional 8,072 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of Northern Trust Corporation by 7,106.6% in the second quarter. Arrowstreet Capital Limited Partnership now owns 526,081 shares of the asset manager’s stock worth $51,140,000 after buying an additional 518,781 shares in the last quarter. Hedge funds and other institutional investors own 82.90% of the company’s stock.
Northern Trust Corporation 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.
Receive News & Ratings for Northern Trust Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northern Trust Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.