Insider Selling: Northern Trust Co. (NASDAQ:NTRS) EVP Sells 2,262 Shares of Stock

Northern Trust Co. (NASDAQ:NTRS) EVP Jane Karpinski sold 2,262 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $111.33, for a total transaction of $251,828.46. Following the transaction, the executive vice president now owns 17,236 shares in the company, valued at $1,918,883.88. The trade was a 11.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Northern Trust Trading Up 0.5 %

NTRS traded up $0.56 during mid-day trading on Tuesday, hitting $111.38. 979,714 shares of the stock were exchanged, compared to its average volume of 1,198,162. The firm’s fifty day moving average is $106.26 and its two-hundred day moving average is $97.76. Northern Trust Co. has a 1-year low of $76.67 and a 1-year high of $114.21. The company has a market cap of $22.08 billion, a PE ratio of 11.39, a PEG ratio of 1.72 and a beta of 1.08. The company has a current ratio of 0.68, a quick ratio of 0.71 and a debt-to-equity ratio of 0.58.

Northern Trust (NASDAQ:NTRS) last posted its quarterly earnings data on Thursday, January 23rd. The asset manager reported $2.26 EPS for the quarter, beating the consensus estimate of $1.96 by $0.30. Northern Trust had a net margin of 12.77% and a return on equity of 13.74%. Equities analysts forecast that Northern Trust Co. will post 8.2 earnings per share for the current fiscal year.

Northern Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $3.00 annualized dividend and a yield of 2.69%. Northern Trust’s payout ratio is 30.67%.

Institutional Investors Weigh In On Northern Trust

Hedge funds have recently bought and sold shares of the stock. Y.D. More Investments Ltd increased its stake in shares of Northern Trust by 118.4% during the fourth quarter. Y.D. More Investments Ltd now owns 249 shares of the asset manager’s stock worth $26,000 after buying an additional 135 shares during the period. Empirical Asset Management LLC purchased a new stake in shares of Northern Trust in the 4th quarter valued at approximately $33,000. Northwest Investment Counselors LLC acquired a new stake in shares of Northern Trust in the 3rd quarter valued at $39,000. Brooklyn Investment Group lifted its position in shares of Northern Trust by 51.2% during the 4th quarter. Brooklyn Investment Group now owns 378 shares of the asset manager’s stock worth $39,000 after purchasing an additional 128 shares during the last quarter. Finally, Capital Performance Advisors LLP purchased a new position in Northern Trust in the third quarter valued at $48,000. Institutional investors and hedge funds own 83.19% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Truist Financial boosted their target price on Northern Trust from $110.00 to $116.00 and gave the stock a “hold” rating in a report on Friday, January 24th. Bank of America upped their target price on Northern Trust from $103.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Morgan Stanley reduced their price target on Northern Trust from $127.00 to $125.00 and set an “equal weight” rating on the stock in a report on Friday, January 3rd. Wells Fargo & Company upped their price objective on shares of Northern Trust from $108.00 to $110.00 and gave the company an “equal weight” rating in a report on Friday, November 15th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Northern Trust from $100.00 to $108.00 and gave the company a “hold” rating in a report on Monday, November 11th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Northern Trust has a consensus rating of “Hold” and an average target price of $112.58.

About Northern Trust

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.