Teresa Parker Sells 4,439 Shares of Northern Trust Co. (NASDAQ:NTRS) Stock

Northern Trust Co. (NASDAQ:NTRS) insider Teresa Parker sold 4,439 shares of the stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $100.86, for a total value of $447,717.54. Following the transaction, the insider now directly owns 79,326 shares of the company’s stock, valued at $8,000,820.36. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Teresa Parker also recently made the following trade(s):

• On Friday, August 9th, Teresa Parker sold 5,883 shares of Northern Trust stock. The shares were sold at an average price of $84.06, for a total value of $494,524.98.

Northern Trust Price Performance

Shares of Northern Trust stock opened at $101.46 on Thursday. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $20.46 billion, a price-to-earnings ratio of 12.62, a price-to-earnings-growth ratio of 1.45 and a beta of 1.08. Northern Trust Co. has a twelve month low of $64.96 and a twelve month high of $104.25. The company has a 50-day simple moving average of $92.01 and a two-hundred day simple moving average of $87.08.

Northern Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Investors of record on Friday, December 6th will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 2.96%. The ex-dividend date is Friday, December 6th. Northern Trust’s dividend payout ratio (DPR) is currently 37.31%.

Hedge Funds Weigh In On Northern Trust

A number of hedge funds have recently added to or reduced their stakes in NTRS. CANADA LIFE ASSURANCE Co grew its holdings in shares of Northern Trust by 6.8% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 360,640 shares of the asset manager’s stock worth $32,111,000 after purchasing an additional 23,020 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in Northern Trust by 557.8% during the first quarter. Sequoia Financial Advisors LLC now owns 30,813 shares of the asset manager’s stock worth $2,740,000 after purchasing an additional 26,129 shares during the period. Bessemer Group Inc. grew its stake in Northern Trust by 668.0% during the first quarter. Bessemer Group Inc. now owns 20,205 shares of the asset manager’s stock worth $1,797,000 after buying an additional 17,574 shares in the last quarter. AIA Group Ltd increased its holdings in Northern Trust by 4.3% in the 1st quarter. AIA Group Ltd now owns 602,785 shares of the asset manager’s stock valued at $53,600,000 after buying an additional 24,791 shares during the period. Finally, Intech Investment Management LLC raised its position in shares of Northern Trust by 1,891.1% in the 1st quarter. Intech Investment Management LLC now owns 56,845 shares of the asset manager’s stock valued at $5,055,000 after buying an additional 53,990 shares in the last quarter. Institutional investors own 83.19% of the company’s stock.

Wall Street Analysts Forecast Growth

NTRS has been the topic of several analyst reports. UBS Group upped their price target on shares of Northern Trust from $86.00 to $92.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 8th. Morgan Stanley upped their target price on shares of Northern Trust from $97.00 to $103.00 and gave the company an “underweight” rating in a report on Thursday, October 24th. Bank of America lifted their price target on Northern Trust from $103.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Evercore ISI upped their price objective on Northern Trust from $86.00 to $103.00 and gave the company an “in-line” rating in a research note on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Northern Trust from $84.00 to $94.00 and gave the stock a “hold” rating in a research note on Monday, September 23rd. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Northern Trust has a consensus rating of “Hold” and an average target price of $99.33.

Northern Trust Company Profile

Northern Trust Corporation, a financial holding company, provides wealth management, asset servicing, asset management, and banking solutions for corporations, institutions, families, and individuals worldwide. It operates in two segments, Asset Servicing and Wealth Management. The Asset Servicing segment offers asset servicing and related services, including custody, fund administration, investment operations outsourcing, investment management, investment risk and analytical services, employee benefit services, securities lending, foreign exchange, treasury management, brokerage services, transition management services, banking, and cash management services.