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.

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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.

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

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